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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting |
Schedule of operations of company's operating segments |
|  | Three Months Ended March 31, 2024 |
|  | US |  |  | PRC |  |  | Total |
Revenue from external customers |  |  |  |  |  |  |  |  |
Solar energy systems |  | $ | 4,644,446 |  |  | $ | - |  |  | $ | 4,644,446 |
Finance revenue |  |  | 101,618 |  |  |  | - |  |  |  | 101,618 |
LED and other |  |  | 1,018,010 |  |  |  | - |  |  |  | 1,018,010 |
Total |  |  | 5,764,074 |  |  |  | - |  |  |  | 5,764,074 |
Cost of revenue |  |  |  |  |  |  |  |  |  |  |  |
Solar energy systems |  |  | 5,506,627 |  |  |  | - |  |  |  | 5,506,627 |
Other |  |  | 721,854 |  |  |  | - |  |  |  | 721,854 |
Total |  |  | 6,228,481 |  |  |  | - |  |  |  | 6,228,481 |
Depreciation and amortization expense |  |  | 23,772 |  |  |  | 299 |  |  |  | 24,071 |
Interest (expense) income, net |  |  | (381,466 | ) |  |  | 12,895 |  |  |  | (368,571 | )
Equity in income of solar farm projects |  |  | - |  |  |  | 60,163 |  |  |  | 60,163 |
Provision for income taxes |  |  | 6,000 |  |  |  | (1,199 | ) |  |  | 4,801 |
Net income (loss) |  |  | (19,094,377 | ) |  |  | (177,410 | ) |  |  | (19,271,787 | )
|  | Three Months Ended March 31, 2023 |
|  | US |  |  | PRC |  |  | Total |
Revenue from external customers |  |  |  |  |  |  |  |  |
Solar energy systems |  | $ | 12,050,315 |  |  | $ | - |  |  | $ | 12,050,315 |
Finance revenue |  |  | 151,419 |  |  |  | - |  |  |  | 151,419 |
LED and other |  |  | 666,744 |  |  |  | - |  |  |  | 666,744 |
Total |  |  | 12,868,478 |  |  |  | - |  |  |  | 12,868,478 |
Cost of revenue |  |  |  |  |  |  |  |  |  |  |  |
Solar energy systems |  |  | 10,373,641 |  |  |  | - |  |  |  | 10,373,641 |
Other |  |  | 422,500 |  |  |  | - |  |  |  | 422,500 |
Total |  |  | 10,796,141 |  |  |  | - |  |  |  | 10,796,141 |
Depreciation and amortization expense |  |  | 50,893 |  |  |  | 152 |  |  |  | 51,045 |
Interest (expense) income, net |  |  | (396,657 | ) |  |  | 6,197 |  |  |  | (390,460 | )
Equity in income of solar farm projects |  |  | - |  |  |  | 67,902 |  |  |  | 67,902 |
Provision for income taxes |  |  | 6,000 |  |  |  | (207,288 | ) |  |  | (201,288 | )
Net income (loss) |  |  | (314,924 | ) |  |  | 1,057,739 |  |  |  | 742,815 |
|  | March 31, 2024 |
|  | US |  |  | PRC |  |  | Total |
Equity investments in solar farm projects |  | $ | - |  |  | $ | 9,557,500 |  |  | $ | 9,557,500 |
Long-lived assets |  |  | 10,251,047 |  |  |  | 17,174,611 |  |  |  | 27,425,658 |
Total reportable assets |  |  | 28,454,363 |  |  |  | 26,237,699 |  |  |  | 54,692,062 |
|  | December 31, 2023 |
|  | US |  |  | PRC |  |  | Total |
Equity investments in solar farm projects |  | $ | - |  |  | $ | 9,698,308 |  |  | $ | 9,698,308 |
Capital expenditures |  |  | (27,999 | ) |  |  | - |  |  |  | (27,999 | )
Long-lived assets |  |  | 11,258,512 |  |  |  | 17,475,104 |  |  |  | 28,733,616 |
Total reportable assets |  |  | 21,727,209 |  |  |  | 26,927,992 |  |  |  | 48,655,201 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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