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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 346,611 $ 1,074,979
Restricted cash 109,908
Banker's acceptances 38,465 45,756
Trade accounts receivable, less allowance for doubtful accounts of $17,957,621 and $17,575,100, respectively 535,060 635,371
Other receivables, less allowance for doubtful accounts of $27,318 and $22,729, respectively 91,389 46,643
Advances to suppliers 106,880 404
Inventory 3,513,570 3,588,824
Prepaid expenses 401,747 77,120
Total Current Assets 5,033,722 5,579,005
Property, plant and equipment, net 15,836,890 16,313,827
Operating lease right of use asset 70,733 136,779
Intangible assets, net 183,545 205,611
TOTAL ASSETS 21,124,890 22,235,222
Current Liabilities:    
Trade accounts payable 989,641 1,366,330
Accrued expenses 160,535 189,880
Other payables 3,483,821 3,560,332
Advances from customers 640,103 505,398
Other payables - related parties 2,176,629 2,071,986
Operating lease liability, current portion 73,690 91,306
Current portion of construction loan facility 2,202,611 2,150,168
Current portion of lines of credit 1,827,189
Bankers' acceptance notes payable 109,908
Total Current Liabilities 11,554,219 10,045,308
Non-current Liabilities:    
Construction loan facility 2,150,168
Lines of credit, net of current portion 939,781
Operating lease liability, net of current portion 48,701
Deferred tax liability 771,820 753,444
Total Liabilities 13,265,820 12,997,621
Commitments and Contingencies (Note 13)
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 95,000,000 shares authorized; 43,579,557 shares and 43,579,557 shares issued and outstanding, respectively 43,580 43,580
Additional paid-in capital 23,590,204 23,590,204
Accumulated deficit (27,630,142) (25,972,402)
Accumulated other comprehensive income 11,855,428 11,576,219
Total Stockholders' Equity 7,859,070 9,237,601
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 21,124,890 $ 22,235,222