2019

2018

Deferred tax asset — current (accrual of employee social insurance)

$

190,376

$

186,779

Deferred tax liability — current (net investment in sales-type leases)

(789,887

)

(1,639,057

)

Deferred tax liability — current, net of current deferred tax asset

$

(599,511

)

$

(1,452,278

)

Deferred tax asset — noncurrent (depreciation of fixed assets)

$

3,509,234

$

6,176,064

Deferred tax asset — noncurrent (asset impairment loss)

6,524,615

15,003,497

Deferred tax asset — noncurrent (capitalized interest on CIP)

-

2,531,120

Deferred tax asset — noncurrent (interest income in sales-type leases)

884,020

658,307

Deferred tax asset — noncurrent (US NOL)

3,067,507

3,114,083

Deferred tax asset — noncurrent (PRC NOL)

8,972,515

1,617,861

Less: valuation allowance on deferred tax assets

(16,785,603

)

(21,353,059

)

Deferred tax assets — noncurrent, net

6,172,288

7,747,873

Deferred tax liability — noncurrent (net investment in sales-type leases)

(6,136,086

)

(9,335,941

)

Deferred tax liability — noncurrent, net of noncurrent deferred tax assets

$

36,202

$

(1,588,068

)

Total Deferred tax liability, noncurrent per ASU 2015-17

$

(563,309

)

$

(3,040,346

)