XML 28 R19.htm IDEA: XBRL DOCUMENT
v3.25.4

Finance Leases | 6 Months Ended
--- | ---
Jun. 30, 2025
Finance Leases [Abstract] |
FINANCE LEASES | NOTE 13 – FINANCE LEASES The Company’s leases are mainly related to graphite anode material manufacturing equipment leases from financial lease companies. Finance lease contracts offer the Company an option to purchase assets at a nominal amount by the end of the lease term and it is reasonably certain the Company will exercise that option. The Company amortizes the finance lease right-of-use asset to the end of the useful life of the underlying asset. As of June 30, 2025, the Company’s finance leases had a weighted average remaining lease term of 0.87 years and a weighted average discount rate of 8.04%. The components of lease expense for the six months ended June 30, 2025 and 2024 were as follows:
|  | Statement of Income |  | For the six months ended June 30, |
|  | Location |  | 2025 |  |  | 2024 |
Lease costs |  |  |  |  |  |  |  |
Finance lease expense |  | Cost of goods sold |  | $ | 308,661 |  |  | $ | 310,270 |
Maturity of lease liabilities under the finance leases as of June 30, 2024 were as follows:
Years ending December 31, |  |  |
2025 |  | $ | 344,838 |
2026 |  |  | 656,527 |
Total lease payments |  |  | 1,001,365 |
Less: interest |  |  | (45,662 | )
Present value of finance lease liabilities |  | $ | 955,703 |
Finance lease liabilities, current |  | $ | 955,703 |
Finance lease liabilities, non-current |  | $ | - |

X
- References No definition available. + Details
Name: | us-gaap_FinanceLeaseLiabilityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration