Inventories	9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Note 3 - Inventories The inventories as of September 30, 2022 and December 31, 2021 totaled $12,760,772 and $17,656,175, respectively, and consisted entirely of finished goods. Inventories are stated at the lower of cost and net realizable value, with cost determined on a weighted-average basis. Write-down of potential obsolete or slow moving inventories is recorded based on management’s assumptions about future demands and market conditions. For the nine months and three months ended September 30, 2022, the Company wrote-down $5,169,347 and $50,293 of slow-moving inventory, respectively. The inventory write-down is included in “Cost of Sales” in the consolidated statements of operations. For the nine months and three months ended September 30, 2021, the Company wrote-down $5,526,307 and $0 of slow-moving inventory, respectively. In light of the current and developing business conditions as a result of COVID-19 pandemic, additional write downs of inventories may be required in subsequent periods.

Inventories

9 Months Ended

Sep. 30, 2022

Note 3 - Inventories

The inventories as of September 30, 2022 and December 31, 2021 totaled $12,760,772 and $17,656,175, respectively, and consisted entirely of finished goods.

Inventories are stated at the lower of cost and net realizable value, with cost determined on a weighted-average basis. Write-down of potential obsolete or slow moving inventories is recorded based on management’s assumptions about future demands and market conditions. For the nine months and three months ended September 30, 2022, the Company wrote-down $5,169,347 and $50,293 of slow-moving inventory, respectively. The inventory write-down is included in “Cost of Sales” in the consolidated statements of operations. For the nine months and three months ended September 30, 2021, the Company wrote-down $5,526,307 and $0 of slow-moving inventory, respectively. In light of the current and developing business conditions as a result of COVID-19 pandemic, additional write downs of inventories may be required in subsequent periods.