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Goodwill
6 Months Ended
Jun. 30, 2025
Goodwill [Abstract]  
Goodwill

12. Goodwill

 

The changes in the carrying amount of goodwill by reportable segment are as follows

 

   Shandong Yunchu 
   Unaudited 
Balance as of December 31, 2024  $4,724,699 
Goodwill acquired   
-
 
Goodwill impairment   
-
 
Balance as of June 30, 2025  $4,724,699 

 

As of June 30, 2025, the Company performed its annual impairment tests as prescribed by ASC 350 on the carrying value of its goodwill and no instances of impairment were identified in our June 30, 2025 test.

 

As of June 30, 2025, the carrying amount of the Company’s goodwill was $4,724,699.