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v3.25.2

Property, Plant and Equipment, Net | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment, Net [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | 6. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net, consisted of the following:
|  | As of December 31,
|  | 2024 |  | 2023
Land(1) |  | $ | 9,946,330 |  |  | $ | 9,395,038 |
Machinery |  |  | 12,154,188 |  |  |  | 13,398,770 |
Office and other equipment |  |  | 2,576,328 |  |  |  | 2,078,313 |
Property and buildings(1) |  |  | 675,349 |  |  |  | 285,260 |
Leasehold improvements |  |  | 4,627,528 |  |  |  | 2,841,027 |
Operating equipment |  |  | 669,020 |  |  |  | 491,928 |
Plant, property and equipment, gross |  |  | 30,648,743 |  |  |  | 28,490,336 |
Construction in progress |  |  | 971,267 |  |  |  | 1,592,843 |
Less: accumulated depreciation |  |  | (11,916,419 | ) |  |  | (11,692,833 | )
Less: Impairment of property, plant and equipment |  |  | (181,919 | ) |  |  | (194,812 | )
Property, plant and equipment, net |  | $ | 19,521,672 |  |  | $ | 18,195,534 |
(1) On July 11, 2023, the Group entered an agreement with Chiayi Sports Equipment Co., Ltd to acquire its land and buildings with the total area of 10,069 square meters, and the consideration of TWD 296,000,000 (approximately $9,666,884), including tax of TWD 415,000 (approximately $14,729). The land was freehold land with no depreciation recognized. Depreciation expenses were $1,575,828 and $1,468,548 for the years ended December 31, 2024 and 2023, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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