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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income $ (2,776,127) $ (4,792,104)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,592,319 8,166,403
(Gain) Loss on derivative liability (1,346,633) (872,040)
Gain on acquisition (33,178)
(Recovery from) Allowance for bad debts (14,731) 53,074
Deferred tax (821,225) 3,764,689
Accounts receivable 845,450 (3,229,340)
Prepayments and other current assets 1,963,348 (8,060,524)
Inventories (1,111,160) (10,412,117)
Accounts payable 7,588 144,206
Related parties (860,721)
Accrued payroll and employee benefits (49,534) 86,928
Other payables and accrued liabilities 553,308 15,529
Income taxes payable (859,643) 425,654
Net Cash Provided by (Used in) Operating Activities 3,949,782 (15,570,363)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (681,640) (171,541)
Acquisition of land (6,642,665)
Net Cash Used in Investing Activities (7,324,305) (171,541)
Cash Flows from Financing Activities:    
Proceeds from issuance of shares and warrants, net 41,837,553
Repayment of bank loans (77,301)
Payment of capital lease obligation (102,902) (88,661)
Loan repaid by a related party 6,776,889
Net Cash Provided by Financing Activities 6,673,987 41,671,591
Effect of Exchange Rate Changes on Cash and Cash Equivalents (156,999) 201,419
Net Increase in Cash and Cash Equivalents 3,142,465 26,131,106
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 11,201,612 4,142,437
Cash, Cash Equivalents and Restricted Cash - End of Period 14,344,077 30,273,543
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 165,629 312,344
Cash paid for income taxes 1,088,049 265,450
Cash and bank balances 14,344,077 30,273,543
Restricted cash
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 14,344,077 $ 30,273,543