XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash $ 103,774,977 $ 108,226,214
Accounts receivable 2,150,118 5,363,166
Inventories, net 874,820 1,598,572
Prepayments and deposits 8,135,608 4,236,782
Other receivable 2,571 637
Total Current Assets 114,938,094 119,425,371
Non-Current Assets    
Property, plant and equipment, net 140,872,750 149,916,766
Finance lease right-of use assets 155,269 163,868
Operating lease right-of-use assets 7,668,554 8,098,427
Prepaid land leases, net of current portion 9,254,124 9,508,001
Deferred tax assets 6,004,086 5,318,909
Total non-current assets 163,954,783 173,005,971
Total Assets 278,892,877 292,431,342
Current Liabilities    
Payable and accrued expenses 6,151,025 7,823,722
Taxes payable-current 521,826 699,563
Finance lease liability, current portion 188,750 213,346
Operating lease liabilities, current portion 436,382 433,440
Total Current Liabilities 9,870,703 11,775,765
Non-Current Liabilities    
Finance lease liability, net of current portion 1,254,618 1,461,721
Operating lease liabilities, net of current portion 7,044,224 7,575,651
Total Non-Current Liabilities 8,298,842 9,037,372
Total Liabilities 18,169,545 20,813,137
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 shares issued; and  10,431,924 shares outstanding as of September 30, 2023 and December 31, 2022, respectively 24,376 24,476
Treasury stock; 285,830 shares as of September 30, 2023 and December 31, 2022 at cost (1,372,673) (1,372,673)
Additional paid-in capital 101,237,059 101,237,059
Retained earnings unappropriated 155,074,175 158,089,535
Retained earnings appropriated 26,667,097 26,667,097
Accumulated other comprehensive loss (20,906,802) (13,027,289)
Total Stockholders’ Equity 260,723,332 271,618,205
Total Liabilities and Stockholders’ Equity $ 278,892,877 $ 292,431,342