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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 957,653 $ 1,074,979
Restricted cash 109,908
Banker's acceptances 53,736 45,756
Trade accounts receivable, less allowance for doubtful accounts of $18,150,493 and $17,575,100, respectively 501,892 635,371
Other receivables, less allowance for doubtful accounts of $27,289 and $22,729, respectively 27,652 46,643
Advances to suppliers 2,238 404
Inventory 3,705,119 3,588,824
Prepaid expenses 73,668 77,120
Total Current Assets 5,321,958 5,579,005
Property, plant and equipment, net 15,564,200 16,313,827
Operating lease right of use asset 49,687 136,779
Intangible assets, net 182,146 205,611
TOTAL ASSETS 21,117,991 22,235,222
Current Liabilities:    
Trade accounts payable 1,234,594 1,366,330
Accrued expenses 177,359 189,880
Other payables 2,748,208 3,560,332
Advances from customers 719,786 505,398
Borrowings from related parties 2,134,428 2,071,986
Operating lease liability, current portion 52,070 91,306
Current portion of construction loan facility 2,298,886 2,150,168
Current portion of lines of credit 2,038,345
Bankers' acceptance notes payable 109,908
Total Current Liabilities 11,403,676 10,045,308
Non-current Liabilities:    
Construction loan facility 2,150,168
Lines of credit, net of current portion 904,228
Operating lease liability, net of current portion 48,701
Deferred tax liability 805,556 753,444
Total Liabilities 13,113,460 12,997,621
Commitments and Contingencies (Note 9)
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; 45,579,557 shares and 43,579,557 shares issued and outstanding, respectively 45,580 43,580
Additional paid-in capital 24,452,684 23,590,204
Retained deficit (28,839,179) (25,972,402)
Accumulated other comprehensive income 12,345,446 11,576,219
Total Stockholders' Equity 8,004,531 9,237,601
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 21,117,991 $ 22,235,222