2019

2018

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

$

181,241

$

186,779

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

(751,984

)

(1,639,057

)

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

$

(570,743

)

$

(1,452,278

)

Deferred tax asset — noncurrent (depreciation of fixed assets)

$

3,045,899

$

6,176,064

Deferred tax asset — noncurrent (asset impairment loss)

7,434,503

15,003,497

Deferred tax asset — noncurrent (capitalized interest on CIP)

-

2,531,120

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

841,599

658,307

Deferred tax asset — noncurrent (US NOL)

3,204,942

3,114,083

Deferred tax asset — noncurrent (PRC NOL)

10,097,716

1,617,861

Less: valuation allowance on deferred tax assets

(18,212,276

)

(21,353,059

)

Deferred tax assets — noncurrent, net

6,412,383

7,747,873

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

(5,841,640

)

(9,335,941

)

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

$

570,743

$

(1,588,068

)

Total Deferred tax liability, noncurrent under ASU 2015-17

$

-

$

(3,040,346

)