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Property, plant and equipment, net

12 Months Ended

Dec. 31, 2021

Property, plant and equipment, net

Property, plant and equipment, net

Note 9 – Property, Plant and Equipment, net

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

​

​	​	​	​	​	​	​
​		December 31,			December 31,
​	​	2021		​	2020
Building	​	$	5,228,347	​	$	5,631,049
Machinery and Production equipment	​		1,307,356	​		1,311,624
Electronic equipment	​		203,305	​		193,912
Office equipment	​		48,440	​		38,524
Automobiles	​		545,006	​		545,008
Construction in progress	​		343,401	​		133,339
Subtotal	​		7,675,855	​		7,853,456
Less: Accumulated depreciation	​		(5,571,908)	​		(5,375,544)
Property, plant and equipment, net	​	$	2,103,947	​	$	2,477,912

​

Depreciation expense was $444,462, $436,427 and $703,113 for the years ended December 31, 2021, 2020 and 2019, respectively, among which $444,462, $436,427 and $462,639 were for continuing operations, respectively.

As of December 31, 2021 and 2020, building with net book value of $588,063 and $895,742 respectively, were pledged as collateral for bank loans (Note 12).

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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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://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 http://asc.fasb.org/extlink&oid=120429125&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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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