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Lease (Tables)
3 Months Ended
Mar. 31, 2023
Lease [Abstract]  
Schedule of prepaid land use rights
   Prepaid 
   land 
   lease payments 
Balance as of January 1, 2022  $13,797,230 
Amortization charge for the year   (338,706)
Foreign exchange adjustment   (1,097,361)
Balance as of December 31, 2022   12,361,163 
Amortization charge for the period   (83,242)
Foreign exchange adjustment   72,665 
Balance as of March 31, 2023  $12,350,586 

 

Schedule of operating lease expenses
   March 31,
2022
   March 31,
2023
 
Operating lease cost – straight line  $212,691   $137,317 

  

Schedule of company as lessee
   December 31,   March 31, 
   2022   2023 
Property, plant and equipment, at cost  $1,890,396   $1,893,191 
Accumulated depreciation   (251,626)   (270,027)
Impairment   (662,006)   (662,985)
Property, plant and equipment, net under finance lease   976,764    960,179 
           
Finance lease liabilities, current   844,297    485,279 
Finance lease liabilities, non-current   
-
    
-
 
Total finance lease liabilities  $844,297   $485,279 

  

Schedule of finance lease expenses
   2022   2023 
Finance lease cost:        
Depreciation of assets  $
    -
   $45,335 
Interest of lease liabilities   
-
    5,115 
Total lease expense  $
-
   $50,450 

  

Schedule of maturities of lease liabilities
   Operating
leases
   Finance
leases
 
         
Remainder of 2023  $459,700   $492,073 
2024   253,421    
-
 
2025   228,850    
-
 
2026   145,617    
-
 
2027   12,692    
-
 
Thereafter   
-
    
-
 
Total undiscounted cash flows   1,100,280    492,073 
Less: imputed interest   (73,944)   (6,794)
Present value of lease liabilities  $1,026,336   $485,279 

  

Schedule of lease term and discount rate
   December 31,
2022
   March 31,
2023
 
Weighted-average remaining lease term        
Land use rights   37.9    37.7 
Operating lease   3.39    3.12 
Finance lease   0.5    0.25 
           
Weighted-average discount rate          
Land use rights   Nil    Nil 
Operating lease   4.94%   4.97%
Finance lease   1.40%   1.40%

 

Schedule of supplemental cash flow information
   March 31,
2022
   March 31,
2023
 
Operating cash outflows from operating assets  $32,451   $178,006