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v3.25.2

Notes Payables | 6 Months Ended
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Jun. 30, 2025
Notes Payables [Abstract] |
NOTES PAYABLES |
6. | NOTES PAYABLES
|  | As of June 30, 2025 |  |  | As of December 31, 2024 |
Bank acceptance notes payable issued by Industrial Bank Fuzhou Branch |  | $ | - |  |  | $ | 6,955 |
Commercial acceptance notes payable guaranteed by China Postal Savings Bank Fuzhou Branch |  |  | 8,404 |  |  |  | 4,196 |
Letters of Credit issued by Industrial Bank Fuzhou Branch (a) |  |  | 3,772 |  |  |  | 3,756 |
Total |  | $ | 12,176 |  |  | $ | 14,907 |
(a) | On September 30, 2024 and October 31, 2024, Industrial Bank Fuzhou Branch issued letter of credits approximately $1.8 million (RMB13.0 million) and approximately $2.0 million (RMB14.0 million) to the Company with due date of September 27, 2025 and September 30, 2025. These letters of credit were drawn down from Industrial Bank Fuzhou Branch’s credit line.
The movement of notes payable is as follows:
|  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
Beginning balance |  | $ | 14,907 |  |  | $ | 8,471 |
Additions |  |  | 4,190 |  |  |  | 19,000 |
Repayments |  |  | (6,974 | ) |  |  | (16,889 | )
Exchange rate effect |  |  | 53 |  |  |  | (58 | )
Total |  | $ | 12,176 |  |  | $ | 10,524 |

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- Definition The entire disclosure for mortgage notes payable. + References No definition available. + Details
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- References No definition available. + Details
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