XML 33 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statement of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Revenues $ 109,325,742 $ 115,037,544
Cost of revenues 76,865,803 79,126,454
Gross profit 32,459,939 35,911,090
Operating expenses:    
Selling expense 9,804,547 9,761,090
General and administrative 16,489,530 13,227,106
Impairment of advance to suppliers 772,780
Research and development 343,493
Total operating expenses 27,410,350 22,988,196
Income from operations 5,049,589 12,922,894
Other income (expense):    
Other income, net 1,110,837 140,866
Loss on litigation (3,645,092)
Interest expense (98,667) (518,731)
Total other (expense) income, net (2,632,922) (377,865)
Income before income taxes 2,416,667 12,545,029
Provision for income taxes 654,758 2,129,804
Net income and comprehensive income $ 1,761,909 $ 10,415,225
Earnings per Share – basic $ 0.04 $ 0.26
Weighted average shares outstanding – basic 41,010,654 40,000,000
Earnings per Share – diluted $ 0.04 $ 0.26
Weighted average shares outstanding – diluted 41,161,849 40,000,000