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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ (2,488,214) $ (4,338,856)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,773,236 4,092,487
(Gain) Loss on derivative liability (386,588) 3,636,967
Gain on acquisition (34,001)
Allowance for bad debts 4,211 52,018
Deferred tax (348,989) (589,094)
Changes in operating assets and liabilities:    
Accounts receivable (98,921) (2,920,798)
Prepayments and other current assets 3,056,189 (3,645,323)
Inventories 1,515,515 (6,270,151)
Accounts payable 62,315 1,785,742
Related parties   (311,679)
Accrued payroll and employee benefits (14,181) 86,375
Other payables and accrued liabilities 483,666 (84,719)
Income taxes payable (1,112,820) 226,699
Net Cash Provided by (Used in) Operating Activities 4,411,418 (8,280,332)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (368,504) (44,599)
Acquisition of land (6,807,468)
Net Cash Used in Investing Activities (7,175,972) (44,599)
Cash Flows from Financing Activities:    
Proceeds from issuance of shares and warrants, net 41,837,553
Payment of capital lease obligation (51,708) (43,230)
Loan repaid by a related party 6,945,022
Net Cash Provided by Financing Activities 6,893,314 41,794,323
Effect of Exchange Rate Changes on Cash and Cash Equivalents 28,071 (170,838)
Net Increase in Cash and Cash Equivalents 4,156,831 33,298,554
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 11,201,612 4,142,437
Cash, Cash Equivalents and Restricted Cash - End of Period 15,358,443 37,440,991
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 85,094 97,642
Cash paid for income taxes 1,112,820 262,191
Cash and bank balances 15,358,443 37,440,991
Restricted cash
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 15,358,443 $ 37,440,991