XML 29 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenues $ 100,943,269 $ 117,614,886
Cost of sales (95,241,284) (103,935,368)
Gross Profit 5,701,985 13,679,518
Selling, general and administrative expenses (11,157,789) (9,781,719)
(Loss) Income from Operations (5,455,804) 3,897,799
Other Income (Expense):    
Interest income 32,033 64,717
Subsidy income 220,478 261,136
Interest expense (1,026,512) (926,368)
Loss on change in derivative liability (426,055)
(Loss) Income before Income Taxes (6,655,860) 3,297,284
Tax Benefit (Provision for Income Taxes) 1,101,858 (1,076,102)
Net (Loss) Income (5,554,002) 2,221,182
Other Comprehensive Income (Loss)    
Foreign currency translation adjustment 11,798,259 (2,793,585)
Total Comprehensive Income (Loss) $ 6,244,257 $ (572,403)
Basic and Diluted (Loss) Earnings per Share (in Dollars per share) $ (0.21) $ 0.10
Outstanding – Basic and Diluted (in Shares) 26,498,298 22,034,905