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Property, Plant and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment, Net [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net consist of the following:

		As of December 31,				As of December 31,
		2023				2022
Buildings		$	32,489,235			$	33,224,223
Mechanical equipment			17,523,970				17,468,972
Motor vehicles			322,657				330,727
Office equipment			7,302,990				7,343,494
Computer software			684,153				675,644
Leasehold improvement			2,339,528				1,518,282
Construction in progress			-				785,434
Total			60,662,533				61,346,776
Accumulated depreciation			(27,454,332	)			(24,797,498	)
Provision for impairment			(57,140	)			-
Property, plant and equipment, net		$	33,151,061			$	36,549,278

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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