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Property, plant and equipment, net

6 Months Ended

Jun. 30, 2022

Property, plant and equipment, net

Property, plant and equipment, net

Note 8 – Property, Plant and Equipment, net

Property, plant and equipment stated at cost less accumulated depreciation consisted of the following:

​

​	​	​	​	​	​	​
​		June 30,			December 31,
​	​	2022		​	2021
Building	​	$	4,987,014	​	$	5,228,347
Machinery and Production equipment	​		1,250,731	​		1,307,356
Electronic equipment	​		196,006	​		203,305
Office equipment	​		46,094	​		48,440
Automobiles	​		518,606	​		545,006
Construction in progress	​		326,767	​		343,401
Subtotal	​		7,325,218	​		7,675,855
Less: Accumulated depreciation	​		(5,495,957)	​		(5,571,908)
Property, plant and equipment, net	​	$	1,829,261	​	$	2,103,947

​

Depreciation expense was $200,439 and $234,756 for the six months ended June 30, 2022 and 2021, respectively. As of June 30, 2022 and December 31, 2021, building with net book value of $507,586 and $588,063 respectively, were pledged as collateral for bank loans (Note 11).

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI https://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916

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