XML 23 R14.htm IDEA: XBRL DOCUMENT v3.25.4
Plant, Property and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Plant, Property and Equipment, Net [Abstract]  
PLANT, PROPERTY AND EQUIPMENT, NET

Note 8 – PLANT, PROPERTY AND EQUIPMENT, NET

 

Plant, property and equipment, stated at cost less accumulated depreciation, consisted of the following:

 

   As of
June 30,
2025		   As of
December 31,
2024		 
         
Building  $30,749,562   $28,882,829 
Machines   39,643,894    35,486,639 
Vehicles   470,561    461,813 
Electronic equipment   1,095,609    983,675 
Furniture, fixtures and equipment   339,256    327,961 
Leasehold improvements   407,846    400,264 
Subtotal  $72,706,728    66,543,181 
Construction in progress   1,845,184    2,994,832 
Less: accumulated depreciation   (11,721,547)   (9,034,739)
Plants, property and equipment, net  $62,830,365   $60,503,274 

 

Depreciation expense was $2,489,794 and $2,271,137 for the six months ended June 30, 2025 and 2024, respectively.