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SCHEDULE OF BANK BORROWINGS (Details) - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | --- | ---
Short-Term Debt [Line Items] |  |  |  |  |  |
Short-term bank borrowings | $ 2,662,649 |  | $ 2,726,197 |  | $ 1,348,373 |
Long-term bank borrowings, current portion | 925,070 |  | 596,335 |  | 289,973 |
Subtotal | 2,028,822 |  | 2,429,465 |  | 2,282,645 |
Total | 2,953,892 |  | 3,025,800 |  |  |
Borrowings [Member] |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |
Subtotal | 2,028,822 |  | 2,429,465 |  | 2,282,645 |
Total | 5,616,541 |  | 5,751,997 |  | 3,920,991 |
Borrowings [Member] | Bank of Jiaxing [Member] |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |
Short-term bank borrowings | 2,662,649 | [1] | 2,726,197 | [1],[2] | 1,348,373 | [2]
Long-term bank borrowings, current portion | 925,070 | [1] | 596,335 | [1],[2] | 289,973 | [2]
Subtotal | 3,587,719 |  | 3,322,532 |  | 1,638,346 |
Long-term borrowings non-current portion | $ 2,028,822 | [1] | $ 2,429,465 | [1],[2] | $ 2,282,645 | [2]
[1] | During the six months ended June 30, 2023 and 2024, the Company continuously entered into certain bank borrowings for the purpose of obtaining financing. The bank borrowings were joint secured by Mr. Ming-Chao Huang and Ms. Shu-Hui Cai, the shareholders of the Company, and pledged by the Company’s property, plant and equipment amounting to US$4,239,550 and US$4,026,313 as of December 31, 2023 and June 30, 2024, respectively.
[2] | During the years ended December 31, 2022 and 2023, the Company continuously entered into certain bank borrowings for the purpose of obtaining financing. The bank borrowings were jointly secured by Mr. Ming-Chao Huang and Ms. Shu-Hui Cai, the shareholders of the Company, and pledged by the Company’s property, plant and equipment and real estate properties for lease. The net asset value of property, plant and equipment and real estate properties for lease pledged were US$4,522,250 and US$4,239,550 as of December 31, 2022 and 2023, respectively.

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