Annual report pursuant to Section 13 and 15(d)

Prepayments & Other Assets (Tables)

v3.21.1
Prepayments & Other Assets (Tables)
12 Months Ended
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepaid Balances

The prepaid balances are summarized as follows:

 

    2020     2019  
Vendor prepayments   $ 2,676,493     $ 1,070,788  
Prepaid services and fees     365,931       187,912  
Deferred financing cost (See Note 10 - Debt)     504,644        
Others     -       20,028  
Prepayments and other assets   $ 3,547,068     $ 1,278,728