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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies [Abstract]

Schedule of gain or loss on foreign currency transaction

		For the years ended December 31,
		2022				2021
Period end RMB: US$ exchange rate			6.8972				6.3726
Period average RMB: US$ exchange rate			6.7518				6.4424

Schedule of estimated useful lives

Plant, buildings and improvements			20 years
Machinery and equipment			2~10 years
Motor vehicles			4 years
Office equipment			3~5 years
Fixed assets decoration			5 years

Schedule of sets forth disaggregation of revenue

		For the years ended December 31,
		2022				2021
Major Product
Transmission boxes for Forklift		$	80,220,000			$	85,618,567
Transmission boxes for Non-Forklift (EV, etc.)			10,610,674				13,221,333
Total		$	90,830,674			$	98,839,900

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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Tabular disclosure of long-term intercompany foreign balances, including related intercompany entity, underlying foreign currencies and amounts of intercompany foreign currency transactions that are of a long-term investment nature (that is settlement is not planned or anticipated in the foreseeable future), as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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