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Deferred Tax Liability, Net | 12 Months Ended
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Dec. 31, 2019
Deferred Tax Liability, Net [Abstract] |
DEFERRED TAX LIABILITY, NET | 9. DEFERRED TAX LIABILITY, NET Deferred tax assets resulted from asset impairment loss which was temporarily non-tax deductible for tax purposes but expensed in accordance with US GAAP, interest income in sales-type leases which was recognized as income for tax purposes but not for book purpose as it did not meet revenue recognition in accordance with US GAAP, accrued employee social insurance that can be deducted for tax purposes in the future, and the difference between tax and accounting basis of cost of fixed assets which was capitalized for tax purposes and expensed as part of cost of systems in accordance with US GAAP. Deferred tax liability arose from the difference between tax and accounting basis of net investment in sales-type leases. As of December 31, 2019 and 2018, deferred tax liability consisted of the following:
|  | 2019 |  |  | 2018 |
Non-current deferred tax assets |  |  |  |  |  |
Accrued expenses |  | $ | 189,050 |  |  | $ | 186,779 |
Interest income in sales-type leases on cash basis |  |  | 853,265 |  |  |  | 658,307 |
Depreciation of fixed assets |  |  | 2,938,605 |  |  |  | 6,176,064 |
Assets impairment loss |  |  | 7,537,556 |  |  |  | 15,003,497 |
Capitalized interest on CIP |  |  | - |  |  |  | 2,531,120 |
US NOL |  |  | 3,246,655 |  |  |  | 3,114,083 |
PRC NOL |  |  | 10,424,558 |  |  |  | 1,617,861 |
Non-current deferred tax liabilities |  |  |  |  |  |  |  |
Net investment in sales-type leases |  |  | (6,685,021 | ) |  |  | (10,974,998 | )
Net non-current deferred tax assets |  |  | 18,504,668 |  |  |  | 18,312,713 |
Less: valuation allowance for deferred tax assets |  |  | (18,504,668 | ) |  |  | (21,353,059 | )
Non-current deferred tax liabilities, net |  | $ | - |  |  | $ | (3,040,346 | )

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- Definition The entire disclosure deferred tax liability for the period. + References No definition available. + Details
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- Definition Deferred Tax Liability Net [Abstract]. + References No definition available. + Details
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