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Inventories, net
12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Inventories, net

7. Inventories, net

 

   As of December 31, 2025 
   Cost  

Allowance for

valuation loss

   Book value 
Merchandise inventory:               
Raw materials  $522,432   $(6,747)  $515,685 
Work in progress   19,491    (14)   19,477 
Finished goods   521,722    (26,516)   495,206 
   $1,063,645   $(33,277)  $1,030,368 

 

The cost of inventories recognized for the year:

 

   Year ended   Year ended   Year ended 
   December 31,2025   December 31, 2024   December 31, 2023 
Cost of goods sold  $4,540,840   $11,921,857   $20,893,411 
provision (reversal) for allowance for valuation loss   19,513    11,324    (37,569)
Cost of inventories  $4,560,353   $11,933,181   $20,855,842 

 

Notes:

 

a) Reversal of allowance for inventory valuation and obsolescence loss was recognized due to disposal of certain inventories which were previously provided with allowance for valuation loss.

 

b) No inventories of the Group were pledged.