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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net (loss) income $ (7,132,573) $ 929,059
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:    
Allowance for doubtful accounts 13,891 0
Depreciation and amortization 680,166 598,144
Amortization of debt discounts   313,699
Changes in assets and liabilities    
Accounts receivable (1,186,720) (174,320)
Other receivables (16,019) (37,495)
Prepayments (74,835) 246,444
Inventory 1,916,878 (1,703,184)
Prepaid expenses   68,970
Right of use assets (69,140) 25,722
Accounts payable (2,381,174) (1,483,555)
Accruals and other payables 1,827,143 (181,525)
Unearned revenue 1,084,197 (1,667,355)
Payroll payable 51,483 2,748
Taxes payable 538,403 (337,763)
Accrued interest 444 (444)
Operating leases 69,140 (25,722)
Other assets 0 (3,835)
Net cash used in operating activities (4,678,716) (3,430,412)
Cash flows from investing activities    
Payments for equipment 0 336,669
Payments for construction 0 (487,276)
Net cash used in investing activities 0 (150,607)
Cash flows from financing activities    
Proceeds from bank borrowings   772,016
Payment of  Bank Loan (1,307,808)  
Amount received from secured borrowing arrangement 599,664  
Amounts received from related party 118,883 1,081,967
Net proceeds from issuance of ordinary shares upon IPO 5,965,750  
Net proceeds from issuance of convertible notes   925,000
Net cash provided by financing activities 5,376,489 2,560,629
Effect of exchange rates on cash 152,506 522,676
Net change in cash,and restricted cash 850,279 (497,714)
Cash and restricted cash at beginning of year 254,935 748,814
Cash and restricted cash at end of year 1,105,214 254,935
Supplemental of cash flow information    
Cash paid for interest expenses 255,229 292,582
Cash paid for income tax $ 286,762 $ 110,043