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SCHEDULE I – PARENT ONLY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule I - Parent Only Financial Information - Condensed Balance Sheets
                 
   As of December 31,
   2022  2021
       
Current Assets          
Prepayments and deposits  $   $ 
Total Current Assets        
Non-Current Assets          
Interests in subsidiaries   210,790,285    224,559,060 
Amounts due from group companies   62,642,639    63,039,564 
Total non-current assets   273,432,924    287,598,624 
Total Assets  $273,432,924   $287,598,624 
           
Liabilities and Stockholders’ Equity          
Current Liabilities          
Other payables and accrued expenses  $209,908   $216,940 
Amounts due to related Party   1,462,110    599,766 
Amounts due to group companies   142,701    142,701 
Total Current Liability   1,814,719    959,407 
           
Total Liabilities  $1,814,719   $959,407 
           
Stockholders’ Equity          
PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding  $   $ 
COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 10,717,754 and 10,517,754 shares issued; and  10,431,924 and 10,471,924 shares outstanding as of December 31, 2022 and December 31, 2021   24,476    24,376 
Treasury stock; 285,830 and 45,830  shares as of December 31, 2022 and December 31, 2021 at cost   (1,372,673)   (510,329)
Additional paid-in capital   101,237,059    100,569,159 
Retained earnings unappropriated   158,089,535    150,463,638 
Retained earnings appropriated   26,667,097    24,233,544 
Cumulative translation adjustment   (13,027,289)   11,858,829 
Total Stockholders’ Equity   271,618,205    286,639,217 
Total Liabilities and Stockholders’ Equity  $273,432,924   $287,598,624 
Schedule I - Parent Only Financial Information - Condensed Statements of Comprehensive Loss
                 
   Years Ended December 31,
   2022  2021
       
OPERATING EXPENSES          
General and administrative expenses  $(1,057,893)  $(3,572,334)
TOTAL OPERATING EXPENSES   (1,057,893)   (3,572,334)
OTHER EXPENSES          
Interest expense        
TOTAL OTHER EXPENSES        
TOTAL EXPENSES   (1,057,893)   (3,572,334)
Equity in net Loss of subsidiaries   11,117,343    2,647,616 
LOSS BEFORE INCOME TAXES   10,059,450    (924,718)
INCOME TAXES        
NET LOSS  $10,059,450   $(924,718)
Schedule I - Parent Only Financial Information - Condensed Statements of Cash Flows
                 
   Years Ended December 31,
   2022  2021
       
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Loss  $10,059,450   $(924,718)
Adjustments to reconcile net Loss to
net cash used in operating activities:
          
Equity Loss in unconsolidated subsidiaries   11,117,343    2,647,616 
Stock-based compensation expense-options   668,000    3,134,080 
Shares issued from treasury stock for services        
Changes in assets and liabilities:          
Other payables and accrued expenses   (869,375)   (109,901)
Net cash used in operating activities   (1,259,268)   (548,155)
CASH FLOWS FROM FINANCING ACTIVITIES          
Advances from group companies   1,259,268    548,155 
Net cash provided by financing activities   1,259,268    548,155 
NET INCREASE IN CASH AND CASH EQUIVALENTS        
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR        
CASH AND CASH EQUIVALENTS - END OF YEAR  $   $