XML 42 R29.htm IDEA: XBRL DOCUMENT v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of reconciliation of income taxes calculated at federal statutory rates to provision for income taxes
   Years Ended December 31, 
   2021   2020 
(Benefit) tax at statutory rate of 25%  $(849,869)  $(716,694)
Prior year refund received   
-
    
-
 
Other, primarily the difference in U.S. tax rates   8,440    8,190 
Change in valuation allowance   841,429    708,504 
Income tax expense  $
-
   $
-
 

 

Schedule of temporary differences to deferred income tax assets and liability
   December 31, 
   2021   2020 
Deferred income tax assets:        
Allowance for doubtful trade receivables  $4,578,177   $4,537,623 
Allowance for doubtful other receivables   8,052    6,822 
Inventory obsolescence reserve   137,549    568,182 
Stock compensation   3,201    
-
 
Expenses not deductible in current year   1,187,760    1,160,601 
Advances for intangible assets impairment   10,685,714    10,441,373 
Lease liability, net   376    596 
PRC net operating loss carry forward   5,779,437    9,542,576 
U.S. net operating loss carry forward   1,602,243    1,409,380 
Total deferred income tax assets   23,982,509    27,667,153 
Valuation allowance   (23,982,509)   (27,667,153)
Net deferred income tax asset  $
-
   $
-
 
Deferred income tax liability:          
Intangible assets  $824,407   $805,556