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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of provisions for income taxes

		Three Months Ended
		March 31,
		2022				2021
Provision for Income Taxes
Current Tax Provision PRC		$	-			$	488,889
Deferred Tax Provision PRC			(348,989	)			(589,094	)
Total Provision for (Deferred tax benefit)/ Income Taxes		$	(348,989	)		$	(100,205	)

Schedule of deferred tax

		March 31,				December 31,
		2022				2021
Deferred tax assets (liabilities)
Depreciation and amortization of property, plant and equipment		$	15,237,384			$	14,754,456
Impairment of property, plant and equipment			808,596				783,433
Miscellaneous			373,757				342,170
Net operating loss carryover of PRC company			246,751				388,620
Total deferred tax assets			16,666,488				16,268,679
Less: Valuation allowance			(5,000,000	)			(5,000,000	)
Total deferred tax assets, net		$	11,666,488				11,268,679

Schedule of reconciles the statutory rates effective tax rates

		Three Months Ended
		March 31,
		2022				2021
PRC Statutory rate			25.0	%			25.0	%
Effect of different tax jurisdiction							(22.7	%)
Effect of tax and book difference			(12.7	%)
(Over) Under-provision in previous year
Change in valuation allowance
Effective income tax rate			12.3	%			2.3	%

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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