Trade Accounts and Bills Payable

6 Months Ended

Jun. 30, 2021

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Trade Accounts and Bills Payable

13. Trade Accounts and Bills Payable

Trade accounts and bills payable as of December 31, 2020 and June 30, 2021consisted of the followings:

	December 31,		June 30,
	2020		2021
Trade accounts payable	$	19,560,793	$	5,198,286
Bills payable
-      Bank acceptance bills (Note 14)		8,791,499		19,052,282
	$	28,352,292	$	24,250,568

All the bills payable are of trading nature and will mature within three months to one year from the issue date.

The bank acceptance bills were pledged by the Company’s bank deposits (Note 2)