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Inventories, Net

12 Months Ended

Dec. 31, 2023

Inventories, net [Abstract]

Inventories, net

Note 7 – Inventories, net

		As of December 31,				As of December 31,
		2023				2022
Finished goods		$	10,064,160			$	10,627,535
Work in process			938,289				953,088
Raw materials			19,632,702				20,125,467
			30,635,151				31,706,090
Less: inventory write-down			(30,436,305	)			(31,266,026	)
Inventories, net		$	198,846			$	440,064

During the years ended December 31, 2023, 2022 and 2021, the Company recorded write-down for the potentially obsolete, slow-moving inventories and lower of cost or market adjustment of US$340,186, US$6,482,019 and US$2,233,452 in cost of revenues, respectively.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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- References

No definition available.

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