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Segment Reporting (Tables)

3 Months Ended

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

X

- 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

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- References

No definition available.

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