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Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Borrowings [Abstract]

Schedule of Borrowings

As of December 31, 2024 and 2023, summary of the borrowings is as following:

							As of December 31, 2024						As of December 31, 2023
Bank and other financial institution		Annual Interest Rate			Maturity		Principal		Short-term		Long-term (Non-current portions)		Short-term		Long-term (Non-current portions)
Bank SinoPac(1)		2.61	%		November 2027		951,765		326,321		625,444		—		1,368,659
Bank SinoPac(1)		2.61	%		December 2028		777,066		194,267		582,799		557,479		482,691
Bank SinoPac(1)		2.19	%		January 2025		457,457		457,457		—		—		—
Bank SinoPac(1)		2.19	%		February 2025		2,192,112		2,192,112		—		—		—
Bank SinoPac(1)		2.19	%		June 2025		245,593		245,593		—		—		—
Bank SinoPac(1)		2.06	%		May 2024		1,304,681		—		—		1,304,681		—
Bank SinoPac(1)		2.06	%		February 2024		489,876		—		—		489,876		—
Bank SinoPac(1)		2.06	%		March 2024		1,143,044		—		—		1,143,044		—
Bank SinoPac(1)		2.06	%		April 2024		294,399		—		—		294,399		—
Bank SinoPac(1)		2.06	%		June 2024		285,825		—		—		285,825		—
Bank of Taiwan(4)		1.91	%		October 2038		6,300,024		455,424		5,844,600		487,696		6,746,498
Bank of Taiwan(4)		2.41	%		March 2025		609,942		609,942		—		—		—
Bank of Taiwan(4)		2.28	%		April 2024		326,584		—		—		326,584		—
Bank of Taiwan(4)		2.28	%		May 2024		326,584		—		—		326,584		—
Chang Hwa Bank		2.43	%		March 2025		501,170		501,170		—		—		—
Chang Hwa Bank		2.43	%		June 2025		1,219,884		1,219,884		—		—		—
Chang Hwa Bank		2.43	%		April 2025		302,232		302,232		—		—		—
Chang Hwa Bank		2.43	%		May 2025		336,862		336,862		—		—		—
Chang Hwa Bank(2)		2.30	%		January 2024		326,584		—		—		326,584		—
Chang Hwa Bank(2)		2.30	%		February 2024		211,964		—		—		211,964		—
Chang Hwa Bank(2)		2.30	%		March 2024		1,306,336		—		—		1,306,336		—
CTBC BANK		2.60	%		December 2026		914,913		—		914,913		—		—
E.SUN BANK		2.62	%		March 2025		1,372,370		1,372,370		—		—		—
E.SUN BANK		2.50	%		June 2024		489,876		—		—		489,876		—
E.SUN BANK		2.50	%		May 2024		326,584		—		—		326,584		—
First Bank(3)		2.60	%		January 2029		713,638		167,835		545,803		—		—
First Bank(3)		2.60	%		April 2029		377,849		83,460		294,389		—		—
First Bank(3)		2.60	%		September 2029		798,546		160,027		638,519		—		—
First Bank(3)		2.20	%		November 2025		914,913		914,913		—		—		—

							As of December 31, 2024						As of December 31, 2023
Bank and other financial institution		Annual Interest Rate			Maturity		Principal		Short-term		Long-term (Non-current portions)		Short-term		Long-term (Non-current portions)
First Bank		2.08	%		November 2024		979,752		—		—		979,752		—
Hua Nan Bank		2.38	%		January 2025		1,067,399		1,067,399		—		—		—
Hua Nan Bank		2.38	%		April 2025		283,773		283,773		—		—		—
Hua Nan Bank		2.20	%		April 2024		326,584		—		—		326,584		—
Hua Nan Bank		2.20	%		January 2024		653,168		—		—		653,168		—
Shin Kong Bank		2.21	%		June 2025		97,150		97,150		—		—		—
Taipei Fubon Bank		2.34	%		February 2025		914,913		914,913		—		—		—
Taipei Fubon Bank		2.34	%		April 2025		609,942		609,942		—		—		—
Taipei Fubon Bank		2.34	%		March 2025		76,097		76,097		—		—		—
Taipei Fubon Bank		2.34	%		May 2025		77,841		77,841		—		—		—
Taipei Fubon Bank		2.34	%		June 2025		158,987		158,987		—		—		—
Taipei Fubon Bank		2.21	%		March 2024		2,260,342		—		—		2,260,342		—
Taipei Fubon Bank		2.21	%		June 2024		179,408		—		—		179,408		—
Taishin International Bank		2.61	%		February 2025		914,913		914,913		—		—		—
Taishin International Bank		2.45	%		January 2024		326,584		—		—		326,584		—
Yuanta Bank		2.03	%		March 2025		1,524,855		1,524,855		—		—		—
Yuanta Bank		1.82	%		January 2024		1,241,019		—		—		1,241,019		—
Yuanta Bank		1.82	%		February 2024		391,901		—		—		391,901		—
Total									15,265,739		9,446,467		14,236,270		8,597,848

(1)      The loan is collateralized by the machinery of the Company for the years ended December 31, 2024 and 2023.

(2)      The loan is secured by restricted cash of $401,110 for the year ended December 31 2023.

(3)      The loan is secured by restricted cash of $203,779 for the year ended December 31 2024.

(4)      The loan is collateralized by land and buildings of the Company for the years ended December 31, 2024 and 2023.

(5)      All the loans above were guaranteed by David Chuang, the director of the Group.

Schedule of Aggregate Borrowings Maturities

Aggregate borrowings maturities for the next five fiscal years and thereafter are as follows:

For the years ended December 31,
2025		$	15,265,739
2026			914,913
2027			—
2028			—
2029			1,890,033
Thereafter			6,641,521
Total		$	24,712,206

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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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