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Lease (Tables)
12 Months Ended
Dec. 31, 2023
Lease [Abstract]  
Schedule of Prepaid Land Use Rights (a)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   (322,160)
Foreign exchange adjustment   (326,299)
Balance as of December 31, 2023  $11,712,704 
Schedule of Operating Lease Expenses Operating lease expenses for the years ended December 31, 2022 and 2023 for the capitation agreement was as follows:
   December 31,
2022
   December 31,
2023
 
Operating lease cost – straight line  $495,478   $680,076 

 

Company as lessee - Finance lease
   December 31,   December 31, 
   2022   2023 
Property, plant and equipment, at cost  $1,890,396   $4,598,426 
Accumulated depreciation   (251,626)   (828,351)
Impairment   (662,006)   (3,770,075)
Property, plant and equipment, net under finance lease   976,764    
-
 
           
Finance lease liabilities, current   844,297    1,643,864 
Finance lease liabilities, non-current   
-
    
-
 
Total finance lease liabilities  $844,297   $1,643,864 
The components of finance lease expenses for the years ended December 31, 2022 and 2023 were as follows:
   December 31,   December 31, 
   2022   2023 
Finance lease cost:        
Depreciation of assets  $76,861   $114,123 
Interest of lease liabilities   8,672    12,915 
Total lease expenses  $85,533   $127,038 
Lease term and discount rate:
   December 31,
2022
   December 31,
2023
 
Weighted-average remaining lease term (years)        
Land use rights   37.9    36.9 
Operating leases   3.39    2.71 
Finance lease   0.5    0.96 
           
Weighted-average discount rate          
Land use rights   Nil    Nil 
Operating lease   4.94%   4.69%
Finance lease   1.40    1.37%

 

Schedule of Maturities of Lease Liabilities The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2023:
   Operating
leases
   Finance
leases
 
2024  $718,807   $1,691,536 
2025   284,202    
-
 
2026   160,210    
-
 
2027   31,559    
-
 
2028   19,275    
-
 
Thereafter   14,457    
-
 
Total undiscounted cash flows   1,228,510    1,691,536 
Less: imputed interest   (61,216)   (47,672)
Present value of lease liabilities  $1,167,294   $1,643,864 
Schedule of Supplemental Cash Flow Information Related to Leases Supplemental cash flow information related to leases where the Company was the lessee for the year ended December 31, 2022 and 2023 was as follows:
   December 31,
2022
   December 31,
2023
 
Operating cash outflows from operating assets  $230,382   $369,608