Right-of-use Assets

12 Months Ended

Dec. 31, 2020

Right-of-use assets [Abstract]

Right-of-use assets

9. Right-of-use assets

Right-of-use assets as of September 30, 2020 consisted of the followings:

	Prepaid land lease payments
Balance as of January 1, 2020	$	7,194,195
Amortization charge for the period		(120,457	)
Foreign exchange adjustment		179,648
Balance as of September 30, 2020	$	7,253,386

Lump sum payments were made upfront to acquire the leased land from the owners with lease period for 50 years up to August 9, 2064, and no ongoing payments will be made under the terms of these land leases.