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Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

		September 30,				December 31,
		2022				2021
Permit of land use		$	396,726			$	441,783
Building			9,212,594				10,258,885
Plant, machinery and equipment			27,264,495				30,122,235
Motor vehicle			435,485				337,375
Office equipment			302,966				278,892
Total			37,612,266				41,439,170
Less: accumulated depreciation			(27,178,761	)			(28,158,611	)
Property, plant and equipment, net		$	10,433,505			$	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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