BORROWINGS AND OTHER FINANCING ARRANGEMENTS (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| BORROWINGS AND OTHER FINANCING ARRANGEMENTS |
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| Schedule of bank borrowings |
| | | | | | | | | At December 31, | | | 2021 | | 2022 | Long-term borrowings, current portion | | | — | | | 1,007,886 | Long-term borrowings | | | 61,510 | | | 22,518,272 | Total borrowings from bank and other third parties | | $ | 61,510 | | $ | 23,526,158 |
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| Schedule of future minimum payments required under the finance lease |
| | | | | | USD | Years ended December 31, | | | | 2023 | | $ | 4,520,059 | 2024 | | | 1,188,020 | 2025 | | | 1,087,426 | 2026 | | | 846,110 | 2027 | | | 829,884 | 2028 and later | | | — | Total minimum lease payments | | | 8,471,499 | Less: Amount representing interest | | | (873,868) | Present value of net minimum lease payments | | | 7,597,631 | Current portion | | | 4,337,287 | Non-current portion | | $ | 3,260,344 |
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| Schedule of components of failed sale-lease back and finance lease liabilities |
| | | | | | USD | Years ended December 31, | | | | 2023 | | $ | 4,520,059 | 2024 | | | 1,188,020 | 2025 | | | 1,087,426 | 2026 | | | 846,110 | 2027 | | | 829,884 | 2028 and later | | | — | Total minimum lease payments | | | 8,471,499 | Less: Amount representing interest | | | (873,868) | Present value of net minimum lease payments | | | 7,597,631 | Current portion | | | 4,337,287 | Non-current portion | | $ | 3,260,344 |
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| Schedule of future minimum payments required under the lease loan contract |
| | | | | | USD | Years ended December 31, | | | | 2023 | | $ | 2,191,432 | 2024 | | | 1,183,546 | 2025 | | | 1,183,546 | 2026 | | | 1,183,546 | 2027 | | | 1,183,546 | 2028 and later | | | 38,245,351 | Total minimum lease loan payments | | | 45,170,967 | Less: Amount representing interest | | | (21,782,777) | Present value of net minimum lease loan payments | | $ | 23,388,190 |
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| Schedule of future minimum payments required under the failed sale-lease back |
| | | | | | USD | Years ended December 31, | | | | 2023 | | $ | 5,983,227 | 2024 | | | 5,212,979 | 2025 | | | 5,237,385 | 2026 | | | 3,113,914 | 2027 | | | 867,248 | 2028 and later | | | 49,131 | Total minimum lease payments | | | 20,463,884 | Less: Amount representing interest | | | (3,105,733) | Present value of net minimum lease payments | | | 17,358,151 | Current portion | | | 5,655,990 | Non-current portion | | $ | 11,702,161 |
| | | | | | | | | At December 31, | | | 2021 | | 2022 | Current portion of finance lease | | $ | 4,654,284 | | $ | 4,337,287 | Current portion of failed sale and lease back | | | 6,712,423 | | | 5,655,990 | Total current portion of failed sale-lease back and finance lease | | | 11,366,707 | | | 9,993,277 | | | | | | | | Non-current portion for finance lease | | | 9,533,475 | | | 3,260,344 | Non-current portion for failed sale and lease back | | | 20,383,449 | | | 11,702,161 | Total non-current portion of failed sale-lease back and finance lease | | $ | 29,916,924 | | $ | 14,962,505 |
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