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Short-term Bank Loans (Tables)

6 Months Ended

Jun. 30, 2022

Short-term Bank Loans

Schedule of short-term bank loans

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​	​	​	​	​	​	​
​		June 30,			December 31,
​	​	2022		​	2021
Loan payable to Bank of China Lishui Branch	​	$	2,550,044	​	$	2,679,852
Loan payable to Shanghai Pudong Development (“SPD”) Bank Lishui Branch	​		1,642,300	​		2,039,700
Total	​	$	4,192,344	​	$	4,719,552

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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