XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 33,357,451 $ 32,937,917 $ 68,463,575 $ 84,008,157
Cost of sales (30,789,899) (27,563,185) (63,506,913) (75,917,762)
Gross Profit 2,567,551 5,374,732 4,956,662 8,090,395
Selling, general and administrative expenses (2,390,920) (2,024,547) (8,445,356) (7,413,879)
Gain on acquisition of a subsidiary (879) 30,518
Income (Loss) from Operations 176,631 3,349,306 (3,488,694) 707,034
Other Income (Expense):        
Interest income 8,544 1,413 23,785 61,787
Subsidy income 61,152 (2,800) 203,171 233,488
Interest expense (258,438) (236,987) (744,592) (731,027)
Loss on derivative liability (482,515) (510,380)
(Loss) Income before Income Taxes (494,626) 3,110,932 (4,516,710) 271,282
Provision for Income Taxes (26,348) (772,905) 579,418 (205,780)
Net (Loss) Income (520,974) 2,338,027 (3,937,292) 65,502
Other Comprehensive Income (Loss)        
Foreign currency translation adjustment 6,670,510 (4,810,379) 4,204,935 (5,065,382)
Total Comprehensive Income (Loss) $ 6,149,536 $ (2,472,352) $ 267,643 $ (4,999,880)
Basic and Diluted (Losses) Earnings per Share (in Dollars per share) $ (0.02) $ 0.11 $ (0.15) $ 0.003
Outstanding – Basic and Diluted (in Shares) 25,816,354 22,028,171 25,816,354 22,028,171