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Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
NET REVENUE        
Net revenue $ 8,005,782 $ 15,711,714 $ 17,307,789 $ 24,642,451
OPERATING INCOME (EXPENSE)        
Cost of net revenue (7,321,442) (8,101,120) (14,090,516) (12,651,088)
Sales, marketing and other operating expenses (14,718) (17,045) (28,422) (27,405)
Direct labor and factory overheads incurred during plant shutdown (1,055,529) (1,927,297) (3,464,265) (4,111,888)
General and administrative expenses (593,325) (557,089) (1,503,376) (2,799,590)
Other operating income (expense) 60,134 60,134 (8,404)
Total operating income (expense) (8,924,880) (10,602,551) (19,026,445) (19,598,375)
PROFIT (LOSS) FROM OPERATIONS (919,098) 5,109,163 (1,718,656) 5,044,076
OTHER INCOME (EXPENSE)        
Interest expense (27,901) (32,296) (57,531) (66,988)
Interest income 72,484 74,548 143,369 150,076
Income (Loss) before taxes (874,515) 5,151,415 (1,632,818) 5,127,164
INCOME TAX BENEFIT (EXPENSE) 192,699 (1,249,621) 393,255 (1,345,316)
NET PROFIT (LOSS) (681,816) 3,901,794 (1,239,563) 3,781,848
COMPREHENSIVE PROFIT (LOSS)        
- Foreign currency translation adjustments (13,906,993) (16,393,444) (10,127,491) (14,844,410)
COMPREHENSIVE PROFIT (LOSS) $ (14,588,809) $ (12,491,650) $ (11,367,054) $ (11,062,562)
EARNINGS (LOSS) PER SHARE:        
BASIC AND DILUTED $ (0.07) $ 0.37 $ (0.12) $ 0.36
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC AND DILUTED 10,431,924 10,471,924 10,431,924 10,471,924