XML 31 R22.htm IDEA: XBRL DOCUMENT v3.22.1

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

		March 31,				December 31,
		2022				2021
Permit of land use		$	443,697			$	441,783
Building			10,303,326				10,258,885
Plant, machinery and equipment			30,249,997				30,122,235
Motor vehicle			338,836				337,375
Office equipment			280,893				278,892
Total			41,616,749				41,439,170
Less: accumulated depreciation			(28,984,711	)			(28,158,611	)
Property, plant and equipment, net		$	12,632,038			$	13,280,559

Schedule of estimated useful lives of the assets

Asset		Life - years
Permit of land use		40 - 70
Building		20 - 49
Plant, machinery and equipment		5 - 10
Motor vehicle		5 - 10
Office equipment		3-5

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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