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Investments in Unconsolidated Solar Project Companies (Tables)

3 Months Ended

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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Tabular disclosure of investment.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//320/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 321
-Publisher FASB
-URI https://asc.fasb.org//321/tableOfContent

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 325
-Publisher FASB
-URI https://asc.fasb.org//325/tableOfContent

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