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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash $ 70,761,796 $ 72,223,894
Accounts receivable, net 5,260,054 4,865,696
Inventories, net 634,127 577,229
Prepayments and deposits 8,425,376 8,395,290
Other receivable 8,244 7,482
Total Current Assets 85,089,597 86,069,591
Non-Current Assets    
Property, plant and equipment, net 117,237,390 122,188,023
Finance lease right-of use assets 81,692 83,115
Operating lease right-of-use assets 6,560,963 6,699,784
Prepaid land leases, net of current portion 9,751,590 9,772,170
Deferred tax assets, net 3,106,183 1,859,025
Total non-current assets 136,737,818 140,602,117
Total Assets 221,827,415 226,671,708
Current Liabilities    
Accounts payable and accrued expenses 8,800,428 8,833,936
Taxes payable-current 216,747 475,630
Advance from customer 6,369 42,705
Amount due to related parties 2,584,668 2,586,658
Finance lease liability, current portion 175,208 172,625
Operating lease liabilities, current portion 478,808 473,653
Total Current Liabilities 12,262,228 12,585,207
Non-Current Liabilities    
Finance lease liability, net of current portion 1,332,594 1,312,950
Operating lease liabilities, net of current portion 7,370,296 7,525,255
Total Non-Current Liabilities 8,702,890 8,838,205
Total Liabilities 20,965,118 21,423,412
Commitment and Loss Contingencies　
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; 11,012,754 shares issued; and 10,726,924 shares outstanding as of March 31, 2024 and December 31, 2023 24,623 24,623
Treasury stock; 285,830 shares as of March 31, 2024 and December 31, 2023 at cost (1,372,673) (1,372,673)
Additional paid-in capital 101,688,262 101,688,262
Retained earnings unappropriated 92,302,124 96,294,256
Retained earnings appropriated 26,667,097 26,667,097
Accumulated other comprehensive income (18,447,136) (18,053,269)
Total Stockholders’ Equity 200,862,297 205,248,296
Total Liabilities and Stockholders’ Equity $ 221,827,415 $ 226,671,708