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Loans (Tables)

12 Months Ended

Dec. 31, 2024

Loans [Abstract]

Schedule of Short-Term Loans Consisted

Short-term loans consisted of the following:

				December 31,				December 31,
		Financial Institutions		2024				2023
1		Rural Commercial Bank of Shandong		$	684,997			$	704,235
2		Postal Savings Bank of China			-				704,235
3		Industrial and Commercial Bank of China			-				633,812
4		Bank of Beijing			958,996				845,082
5		Bank of Rizhao			1,095,996				690,151
6		Industrial Bank			-				760,574
7		Agricultural Bank of China			1,315,195				1,352,132
8		China Minsheng Bank			684,997				-
9		Weihai City Commercial Bank			1,095,996				-
		Short-term loans			5,836,177				5,690,221
		Add: current portion of long-term loans			243,075				36,620
		Total		$	6,079,252			$	5,726,841

				December 31,				December 31,
		Financial Institutions		2024				2023
1		Bank of Weifang		$	136,999			$	140,847
2		Bank of Weifang			1,224,775				1,264,807
3		Rural Commercial Bank of Shandong			1,912,512				1,969,041
4		Shenzhen Qianhai WeBank Co., Ltd.			273,998				-
		Long-term loans			3,548,284				3,374,695
		Less: current portion of long-term loans			(243,075	)			(36,620	)
		Total		$	3,305,209			$	3,338,075

Schedule of Future Maturities of the Long-Term Loan

The future maturities of the long-term loan as of December 31, 2024 were as follows:

December 31,		Future Repayment
2025		$	243,075
2026			3,305,209
Thereafter			-
Total		$	3,548,284

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- References

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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