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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 455,798 $ 193,911
Restricted cash 302 1,234
Accounts receivable, net 122,136 56,281
Inventories, net 1,153,668 851,739
Advances to suppliers, net 1,712,827 849,535
Other receivables, net 250,576 263,046
Prepaid expenses 1,098,599 826,123
Assets of discontinuing operations 2,204,362 2,233,199
Total current assets 10,165,641 7,191,366
Non-current assets    
Plant and equipment, net 10,808,744 11,036,281
Intangible assets, net 767,413 819,072
Construction in progress, net 23,340 22,906
Long-term investments 1,653,392 1,622,654
Goodwill 4,724,699 4,724,699
Total non-current assets 17,977,588 18,225,612
Total assets 28,143,229 25,416,978
Current liabilities    
Loans-current 4,584,455 1,641,503
Accounts payable 2,157,941 2,039,688
Advance from customers 271,173 368,232
Taxes payable 102,731 80,671
Other payables and accrued liabilities 2,923,452 2,535,695
Liabilities of discontinuing operations 2,382,669 2,305,587
Total current liabilities 17,654,403 13,312,118
Non-current liabilities    
Other long-term liabilities
Loans-noncurrent 418,784 410,998
Total non-current liabilities 418,784 410,998
Total liabilities 18,073,187 13,723,116
Commitments and contingencies
Stockholders’ equity    
Preferred stock: $0.001 par value, 10,000,000 shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024
Common stock: $0.001 par value, 100,000,000 shares authorized; 7,282,714 shares issued and outstanding as of June 30, 2025 and December 31, 2024 7,283 7,283
Additional paid-in capital 155,767,774 155,767,774
Accumulated deficit (149,624,136) (148,053,653)
Accumulated other comprehensive income 3,919,121 3,972,458
Total stockholders’ equity 10,070,042 11,693,862
Total liabilities and stockholders’ equity 28,143,229 25,416,978
Related Party    
Current assets    
Other receivables-related parties 3,167,373 1,916,298
Current liabilities    
Other payables-related parties $ 5,231,982 $ 4,340,742