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Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 16 — SEGMENT REPORTING

 

The Company’s chief operating decision maker has been identified as the Chief Executive Officer (“CEO”), who reviews financial information of operating segments based on U.S. GAAP amounts when making decisions about allocating resources and assessing performance of the Company.

 

The Company determined that it operated in one operating segment of touch screen business.

 

The Company primarily operates in People’s Republic of China (“PRC”). and substantially all of the Company’s long-lived assets are located in the PRC.

 

1) The Company’s geographical revenue information is set forth below:

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
Sales in PRC  $8,414,927   $7,867,625   $18,715,995   $17,242,097 
Sales in Overseas                    
-Republic of China (ROC, or Taiwan)   2,184,676    2,411,305    4,852,592    5,606,466 
-South Korea   1,800,926    1,956,141    4,121,519    4,128,616 
-Others   18,927    (496)   18,927    134,655 
Sub-total   4,004,528    4,366,950    8,993,038    9,869,737 
Total Revenue  $12,419,455   $12,234,575   $27,709,033   $27,111,834 

 

2) Segment information is set forth below:

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Revenues  $12,419,455   $12,234,575   $27,709,033   $27,111,834 
Less:                    
Cost of revenues   8,307,944    7,373,757    17,955,891    18,913,058 
Allowance for  credit losses   150    
-
    45,889    
-
 
Reversal of provision of obsolete inventory   (65,976)   
-
    (91,252)   
-
 
Staff cost   353,556    344,695    705,193    672,654 
Gain on changes in fair value of common stock purchase warrants liability.   
-
    (37,751)   
-
    (45,572)
Amortization of discounts and issue cost of the notes   
-
    
-
    
-
    5,715 
Depreciation expense   2,486    2,482    4,957    4,798 
Lease expense   156,869    146,643    308,244    294,372 
Interest expense   
-
    
-
    
-
    1,169,974 
Income tax expense   876,722    1,099,331    2,347,828    1,761,179 
Other segment items*   545,876    603,723    1,627,733    1,075,092 
                     
Segment net income   2,241,828    2,701,694    4,804,550    3,260,564 
                     
Consolidated net income  $2,241,828   $2,701,694   $4,804,550   $3,260,564 
                     
Consolidated total assets  $137,024,190   $125,910,057   $137,024,190   $125,910,057