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Investments in Unconsolidated Solar Project Companies (Tables) | 3 Months Ended
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Mar. 31, 2024
Investments in Unconsolidated Solar Project Companies |
Schedule of non-controlling investments in solar project companies |
Investee |  | Investment Balance at December 31, 2023 |  |  | Share of Investee’s Net Income |  |  | Effect of Exchange Rate |  |  | Investment Balance at March 31, 2024 |
Yilong #2 |  | $ | 4,213,276 |  |  | $ | 25,366 |  |  | $ | (87,302 | ) |  | $ | 4,151,340 |
Xingren |  |  | 2,031,774 |  |  |  | 9,081 |  |  |  | (42,072 | ) |  |  | 1,998,783 |
Ancha |  |  | 3,453,258 |  |  |  | 25,716 |  |  |  | (71,597 | ) |  |  | 3,407,377 |
Total |  | $ | 9,698,308 |  |  | $ | 60,163 |  |  | $ | (200,971 | ) |  | $ | 9,557,500 |
Investee |  | Investment Balance at December 31, 2022 |  |  | Share of Investee’s Net Income |  |  | Effect of Exchange Rate |  |  | Investment Balance at March 31, 2023 |
Yilong #2 |  | $ | 3,966,824 |  |  | $ | 10,385 |  |  | $ | 17,651 |  |  | $ | 3,994,860 |
Xingren |  |  | 1,953,048 |  |  |  | 14,050 |  |  |  | 8,657 |  |  |  | 1,975,755 |
Ancha |  |  | 3,134,887 |  |  |  | 43,467 |  |  |  | 13,819 |  |  |  | 3,192,173 |
Total |  | $ | 9,054,759 |  |  | $ | 67,902 |  |  | $ | 40,127 |  |  | $ | 9,162,788 |
Schedule of combined financial statements of non controlling investments |
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | (Unaudited) |  |  |  |
Current assets |  | $ | 25,618,121 |  |  | $ | 24,984,444 |
Non-current assets |  |  | 72,494,610 |  |  |  | 76,024,387 |
Total assets |  | $ | 98,112,731 |  |  | $ | 101,008,831 |
Current liabilities |  | $ | 7,486,384 |  |  | $ | 9,775,803 |
Noncurrent liabilities |  |  | 58,483,086 |  |  |  | 58,680,520 |
Members’ capital |  |  | 32,143,261 |  |  |  | 32,552,508 |
Total liabilities and members’ capital |  | $ | 98,112,731 |  |  | $ | 101,008,831 |
|  | March 31, 2024 |  |  | March 31, 2023 |
|  | (Unaudited) |
Revenue |  | $ | 2,055,078 |  |  | $ | 2,275,014 |
Gross profit |  |  | 736,630 |  |  |  | 864,846 |
Net income |  | $ | 200,545 |  |  | $ | 226,341 |

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