XML 61 R44.htm IDEA: XBRL DOCUMENT v3.20.2
Organization and Business Background (Details) - Schedule of aggregate financial information of assets and liabilities - Variable Interest Entity, Primary Beneficiary [Member] - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and bank balances $ 10,497,051 $ 5,675,374
Restricted cash
Accounts receivable 3,077,201 3,119,312
Inventories 5,820,389 1,603,038
Prepayments and other current assets 5,872,022 11,610,576
Due from related parties 85,525 1,863,479
Total current assets 25,352,188 23,871,779
Prepayment on property, plant and equipment 1,412,529 1,433,445
Property, plant, and equipment, net 130,563,350 138,920,440
Deferred tax asset non-current 9,834,828 8,869,385
Total Assets 167,162,895 173,095,049
Current Liabilities    
Short-term bank loans 6,073,875 6,163,814
Current portion of long-term loans from credit union 409,633 315,358
Accounts payable 821,310 250,486
Advance from customers 184,132 98,311
Due to related parties   56,552
Accrued payroll and employee benefits 233,844 287,584
Other payables and accrued liabilities 4,471,918 6,502,974
Income taxes payable 399,051 1,382,471
Total current liabilities 12,593,763 15,057,550
Loans from credit union 4,336,464 4,501,018
Loans from a related party  
Total liabilities $ 16,930,227 $ 19,558,568