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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalent $ 909,716 $ 775,686
Restricted cash 15,070 39,983
Accounts receivable, net 5,809,374 6,013,536
Notes receivable 522,331 236,654
Inventories, net 2,674,001 2,349,705
Prepaid expense and other current assets 2,004,889 1,059,275
Total current assets 11,935,381 10,816,892
Non-current assets    
Property, plant and equipment, net 10,385,742 10,752,745
Prepayment for purchase of Yingxuan Assets 5,339,093 5,207,346
Intangible assets, net 4,432,403 4,659,569
Deposit for Investment in Joint Venture 32,877,029
Finance lease right-of-use assets, net 681,845
Deferred tax assets 40,773 10,273
TOTAL ASSETS 65,010,421 32,128,670
Current liabilities    
Short-term loans 6,079,252 5,726,841
Accounts payable 1,380,201 1,379,161
Income tax payable 36,505 36,708
Finance lease obligation, current 45,300
Accrued expenses and other payables 694,712 495,032
Total current liabilities 8,211,917 7,683,042
Long-term loans 3,305,209 3,338,075
TOTAL LIABILITIES 11,517,126 11,021,117
SHAREHOLDERS’ EQUITY:    
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 73,438,750 and 12,238,750 shares issued and outstanding as of December 31, 2024, and 2023, respectively 7,344 1,224
Additional paid-in capital 42,998,556 8,036,676
Statutory reserve 370,683 370,683
Retained earnings 11,724,070 13,605,705
Accumulated other comprehensive loss (1,607,358) (906,735)
TOTAL SHAREHOLDERS’ EQUITY 53,493,295 21,107,553
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 65,010,421 32,128,670
Related Party    
Current assets:    
Due from related parties - officers 342,053
Current liabilities    
Due to related parties - officers $ 21,247