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Lease (Tables)
12 Months Ended
Dec. 31, 2024
Lease [Abstract]  
Schedule of Prepaid Land Use Rights Prepaid land use rights
   Prepaid land 
   lease payments 
Balance as of January 1, 2023  $12,361,163 
Amortization charge for the year   (322,160)
Foreign exchange adjustment   (326,299)
Balance as of December 31, 2023   11,712,704 
Amortization charge for the period   (316,811)
Foreign exchange adjustment   (319,920)
Balance as of December 31, 2024  $11,075,973 
Schedule of Lease Expenses

Operating lease expenses for the years ended December 31, 2023 and 2024 for the capitation agreement was as follows:

 

   December 31,
2023
   December 31,
2024
 
Operating lease cost – straight line  $680,076   $1,270,656 
Company as lessee - Finance lease
   December 31,   December 31, 
   2023   2024 
Property, plant and equipment, at cost  $4,598,426   $
-
 
Accumulated depreciation   (828,351)   
               -
 
Impairment   (3,770,075)   
-
 
Property, plant and equipment, net under finance lease   
-
    
-
 
           
Finance lease liabilities, current   1,643,864    
-
 
Finance lease liabilities, non-current   
-
    
-
 
Total finance lease liabilities  $1,643,864   $
-
 

 

The components of finance lease expenses for the years ended December 31, 2023 and 2024 were as follows:

 

    December 31,     December 31,  
    2023     2024  
Finance lease cost:            
Depreciation of assets   $ 114,123     $                     -  
Interest of lease liabilities     12,915       79,309  
Total lease expenses   $ 127,038     $ 79,309  

Lease term and discount rate:

 

   December 31,
2023
   December 31,
2024
 
Weighted-average remaining lease term (years)        
Land use rights   36.9    35.9 
Operating leases   2.71    4.16 
Finance lease   0.96    - 
           
Weighted-average discount rate          
Land use rights   Nil    Nil 
Operating lease   4.69%   4.33%
Finance lease   1.37    2.9%

Supplemental cash flow information related to leases where the Company was the lessee for the year ended December 31, 2023 and 2024 was as follows:

 

   December 31,
2023
   December 31,
2024
 
Operating cash outflows from operating assets  $369,608   $866,001 
Schedule of Maturities of Lease Liabilities

The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2024:

 

   Operating
leases
   Finance
leases
 
2025  $1,407,127   $      - 
2026   886,941    - 
2027   489,898    - 
2028   460,800    - 
2029   455,169    - 
Thereafter   436,452    - 
Total undiscounted cash flows   4,136,387    - 
Less: imputed interest   (418,926)   - 
Present value of lease liabilities  $3,717,461   $-