Income Tax (Tables)

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of tax liability adjustment resulted from the reevaluation of the company’s tax position

	2022			2021
	(In thousands of U.S. Dollars)
PRC	$	(3,974	)	$	(438	)
Others		(3	)		(3	)
	$	(3,977	)	$	(441	)

Schedule of reconciles the U.S. statutory rates to the company’s effective tax rate

	2022			2021
	(In thousands of U.S. Dollars)
U.S. tax rate		21.0	%		21.0	%
Valuation allowance recognized with respect to the loss		(52.9	)%		(103.9	)%
Foreign tax rate differential		4.0	%		4.0	%
Others		-			(86.8	)%
Effective income tax rate		(27.9	)%		(165.7	)%

Schedule of income tax expense

	2022		2021
	(In thousands of U.S. Dollars)
Current
U.S. Federal
Foreign	$	415	$	706
Total Deferred	$	415	$	706
Deferred
U.S. Federal
Foreign	$	697	$	23
Total Deferred	$	697	$	23
Income tax expense	$	1,112	$	729

Schedule of deferred tax assets net of valuation allowance

	March 31, 2022			December 31, 2021
	(In thousands of U.S. Dollars)
Inventories, net	$	2,623		$	1,684
Accounts receivable, net		580			624
Deferred income		2,092			2,387
Accrued expenses		1,148			2,464
Depreciation		156			108
Net operating loss carryforward		4,659			3,782
Deferred tax assets		11,258			11,049
Valuation allowance		(11,056	)		(10,150	)
Deferred tax assets, net	$	202		$	899