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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income(loss) $ (3,015,360) $ 12,749,228
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization on capital lease 80,252 93,630
Depreciation and amortization 15,385,624 16,259,285
Deferred tax asset (1,002,511) 3,809,038
Common stock issued for services
Issuance of stock options to employee
Changes in assets and liabilities:    
Accounts receivable 3,132,796 3,451,924
Inventories 718,994 27,073
Prepayments and deposits (3,947,311) 324,685
Other receivables
Accounts and Other payable and accrued expenses (1,503,845) 1,553,583
Retention payable
Taxes payable (229,600) (365,255)
Prepaid land leases
Operating lease 85,129 (847,362)
Net cash provided by (used in) by operating activities 9,869,612 37,101,024
CASH FLOWS USED IN INVESTING ACTIVITIES    
Purchase of property, plant and equipment (15,197,648) (33,217,987)
Net cash used in investing activities (15,197,648) (33,217,987)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayment of finance lease obligation (267,810) (283,915)
Net cash used in financing activities (267,810) (283,915)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 1,144,609 (6,728,107)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (4,451,237) (3,128,985)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 108,226,214 95,767,263
CASH AND CASH EQUIVALENTS - END OF PERIOD 103,774,977 92,638,278
Cash paid during the period for:    
Paid for taxes 4,930,601 6,034,948
Interest on finance lease obligation $ 80,252 $ 93,630