Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 11,306,600	$ 11,062,590
Restricted cash	3,720,931	6,738,302
Short Term Investment	12,243,140	2,105,938
Notes receivable	31,606,518	37,551,121
Accounts receivable, net of allowance for doubtful accounts of $774,452 and $859,319, respectively	18,344,356	15,915,002
Inventories	21,884,848	25,803,474
Due from related parties-current	35,462,308	39,679,565
Advance to suppliers	676,823	434,893
Prepayments and other current assets	96,323	14,518
Total Current Assets	135,341,847	139,305,403
Non-current asset
Property, plant, equipment and construction in progress, net	15,503,755	18,957,553
Land use rights, net	3,550,039	4,035,198
Other intangible assets	157,153
Deferred tax assets	126,872	141,623
Goodwill	3,890	3,890
Operating lease right-of-use assets	2,748,910	80,682
Other non-current assets	242,866	44,093
Total non-current assets	22,333,485	23,263,039
TOTAL ASSETS	157,675,332	162,568,442
Current Liabilities
Short-term bank loans	8,715,822	8,760,945
Notes payable-bank acceptance notes	33,716,344	42,093,061
Accounts payable	23,954,824	29,064,132
Taxes payables		108,058
Customer deposits	196,125	387,919
Due to related parties	1,594,227	3,619,459
Other current liabilities	1,622,362	1,198,427
Current portion of operating lease liabilities	462,365	33,308
Long-term payables - current		197,915
Total current liabilities	70,262,069	85,463,224
Long-term liabilities
Long-term payables – non-current
Long term operating lease liabilities	2,293,844	47,614
Other long-term liabilities	1,828,340	2,212,938
Total long-term liabilities	4,122,184	2,260,552
TOTAL LIABILITIES	74,384,253	87,723,776
COMMITMENTS AND CONTINGENCIES
EQUITY
Ordinary shares, no par value, unlimited shares authorized; 12,579,530 and 11,329,530 shares issued and outstanding as of September 30, 2022 and December 31, 2021.
Additional paid-in capital	32,955,927	23,759,364
Statutory reserves	3,842,331	3,842,331
Retained earnings	38,220,976	33,668,696
Accumulated other comprehensive income (loss)	(4,432,076)	1,014,399
Total shareholders’ equity	70,587,158	62,284,790
Non-controlling interest	12,703,921	12,559,876
TOTAL EQUITY	83,291,079	74,844,666
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 157,675,332	$ 162,568,442