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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash $ 110,452,470 $ 103,760,324
Accounts receivable, net 10,736,898 7,504,630
Inventories 145,664 112,327
Prepaid expenses and other current assets 1,824,544 2,762,580
TOTAL CURRENT ASSETS 123,159,576 114,139,861
Property, plant and equipment, net 13,020,127 12,782,997
Operating right-of-use assets 813,516 1,055,208
Deferred tax assets 30,971 41,397
TOTAL ASSETS 137,024,190 128,019,463
CURRENT LIABILITIES    
Accounts payable 1,487,987 1,263,981
Income tax payable 866,798
Accrued expenses and other current liabilities 1,408,070 966,461
Operating lease liabilities- current 609,059 571,539
TOTAL CURRENT LIABILITIES 5,014,548 2,951,192
Operating lease liabilities- non current 204,458 482,606
TOTAL LIABILITIES 5,219,006 3,433,798
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 15,000,000 shares authorized, 11,931,534 and 11,931,534 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively* [1] 11,932 11,932
Additional paid in capital [1] 52,501,680 52,501,680
Statutory reserve 8,073,968 8,073,968
Retained earnings 79,433,924 74,629,374
Accumulated other comprehensive loss (8,216,320) (10,631,289)
TOTAL STOCKHOLDERS’ EQUITY 131,805,184 124,585,665
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 137,024,190 128,019,463
Related Party    
CURRENT LIABILITIES    
Due to a related party $ 642,634 $ 149,211
[1] Retrospectively restated for effect of reverse stock split (1-for-20), see Note 10 (2)