Unaudited Consolidated Statements of Operations and Comprehensive (loss) Income - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
|
| Income Statement [Abstract] | ||||
| REVENUE | $ 36,103,674 | $ 15,448,083 | $ 101,275,967 | $ 56,218,216 |
| COST OF REVENUE | 40,165,352 | 13,787,521 | 106,530,518 | 46,641,884 |
| GROSS (LOSS) PROFIT | (4,061,678) | 1,660,562 | (5,254,551) | 9,576,332 |
| OPERATING EXPENSES (INCOME): | ||||
| Selling | 1,976,187 | 1,333,927 | 5,112,982 | 3,282,097 |
| General and administrative | 1,172,102 | 809,988 | 4,904,109 | 2,875,463 |
| General and administrative - depreciation | 1,001,961 | 773,812 | 1,146,815 | 2,274,579 |
| Subsidy | (16,284,032) | (4,440,731) | (19,887,829) | (12,778,819) |
| Impairment loss | 495,857 | 1,471,223 | ||
| Total Operating (INCOME) | (11,637,925) | (1,523,004) | (7,252,700) | (4,346,680) |
| INCOME FROM OPERATIONS | 7,576,247 | 3,183,566 | 1,998,149 | 13,923,012 |
| OTHER INCOME (EXPENSE): | ||||
| Interest income | 23,276 | 973,265 | 72,729 | 3,335,877 |
| Interest (expense) | (4,055,798) | (4,036,524) | (11,720,712) | (9,871,949) |
| Foreign currency transaction gain (loss) | (365,513) | 747,678 | 184,148 | 402,987 |
| Gain from cost method investment | 38 | 764 | 605,216 | 133,517 |
| (Loss) on equity method investment | (308,921) | (82,586) | (765,101) | (351,129) |
| Other income (expense) | (5) | (4,468) | (76,861) | (34,924) |
| Total Other (Expense), net | (4,706,923) | (2,401,871) | (11,700,581) | (6,385,621) |
| INCOME (LOSS) BEFORE INCOME TAXES | 2,869,324 | 781,695 | (9,702,432) | 7,537,391 |
| INCOME TAXES | ||||
| NET INCOME (LOSS) | 2,869,324 | 781,695 | (9,702,432) | 7,537,391 |
| LESS: NET INCOME (LOSS) ATTRIBUTABLE TO THE NON-CONTROLLING INTEREST | 284,700 | 92,511 | (546,791) | 759,527 |
| NET INCOME (LOSS) ATTRIBUTABLE TO ORDINARY SHAREHOLDERS OF THE COMPANY BEFORE PREFERRED DIVIDENDS | 2,584,624 | 689,184 | (9,155,641) | 6,777,864 |
| LESS: PREFERRED SHARE DIVIDENDS | (300,000) | |||
| NET INCOME (LOSS) ATTRIBUTABLE TO ORDINARY SHAREHOLDERS OF THE COMPANY | 2,584,624 | 689,184 | (9,455,641) | 6,777,864 |
| COMPREHENSIVE INCOME (LOSS): | ||||
| NET INCOME (LOSS) | 2,869,324 | 781,695 | (9,702,432) | 7,537,391 |
| OTHER COMPREHENSIVE (LOSS) INCOME | ||||
| Unrealized foreign currency translation gain | 4,111,818 | 5,700,836 | 3,083,162 | 3,846,221 |
| COMPREHENSIVE INCOME (LOSS) | 6,981,142 | 6,482,531 | (6,619,270) | 11,383,612 |
| LESS: COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE NON-CONTROLLING INTEREST | 613,410 | 556,889 | (282,897) | 1,075,369 |
| COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO ORDINARY SHAREHOLDERS OF THE COMPANY | $ 6,367,732 | $ 5,925,642 | $ (6,336,373) | $ 10,308,243 |
| NET INCOME (LOSS) PER ORDINARY SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS OF THE COMPANY | ||||
| Basic (in Dollars per share) | $ 0.03 | $ 0.01 | $ (0.11) | $ 0.09 |
| Diluted (in Dollars per share) | $ 0.03 | $ 0.01 | $ (0.11) | $ 0.09 |
| WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING: | ||||
| Basic (in Shares) | 86,389,548 | 79,071,363 | 83,854,623 | 79,060,490 |
| Diluted (in Shares) | 86,797,148 | 79,071,363 | 83,854,623 | 79,060,490 |
| X | ||||||||||
- Definition The amount of general and administrative, depreciation. No definition available.
|
| X | ||||||||||
- Definition The aggregate total of expenses of grant income. No definition available.
|
| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. No definition available.
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholdersbefore preferred dividends. No definition available.
|
| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|