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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (557,747) $ (119,946)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Amortization on capital lease obligation 28,560 33,622
Depreciation and amortization 5,360,224 5,003,078
Unrealized exchange (gain) loss on translation of inter-company balances (32,352) 283,789
Deferred tax asset (200,556) 95,695
Changes in assets and liabilities    
Accounts receivable 211,870 3,483,711
Inventories 1,035,921 178,444
Prepayments and deposits (109,604) (446,365)
Other receivables (527)
Accounts and Other payable and accrued expenses (772,506) 487,228
Taxes payable 282,007 704,492
Operating leases (413,737) (1,258,066)
Net cash provided by operating activities 4,831,553 8,445,682
CASH FLOWS USED IN INVESTING ACTIVITIES    
Purchase of property, plant and equipment (32,742) (395,060)
Net cash used in investing activities (32,742) (395,060)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 2,746,808 1,844,114
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 7,545,619 9,894,736
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 108,226,214 95,767,263
CASH AND CASH EQUIVALENTS - END OF PERIOD 115,771,833 105,661,999
Cash paid during the year for:    
Paid for taxes 1,670,428 1,182,137
Interest on finance lease obligation $ 28,560 $ 33,622