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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 5,470,815 $ 118,956
Accounts receivable, net 1,384,819 209,206
Inventories, net 609,838 737,970
Advances to suppliers, net 1,009,092 984,566
Other receivables, net 2,716 1,610
Prepaid expenses 24,841 20,071
Total current assets 11,583,913 4,808,681
Non-current assets    
Plant and equipment, net 4,579,355 4,652,972
Intangible assets, net 701,208 717,311
Construction in progress, net 23,909
Goodwill 15,329 7,005
Total non-current assets 5,295,892 5,401,197
Total assets 16,879,805 10,209,878
Current liabilities    
Loans-current 3,618,850 5,255,536
Accounts payable 6,633,495 2,114,143
Advance from customers 212,899 213,127
Taxes payable 884,752 232,066
Other payables and accrued liabilities 1,951,020 2,140,130
Total current liabilities 16,481,717 11,879,428
Non-current liabilities    
Loans-noncurrent 2,045,520 500,493
Total non-current liabilities 2,045,520 500,493
Total liabilities 18,527,237 12,379,921
Commitments and contingencies
Stockholders’ equity (deficit)    
Preferred stock: $0.001 par value, 100,000,000 shares authorized; none issued or outstanding as of March 31, 2026 and December 31, 2025
Common stock: $0.001 par value, 1,500,000,000 shares authorized; 14,232,714 shares issued and outstanding as of March 31, 2026 and December 31, 2025 14,233 14,233
Additional paid-in capital 170,190,324 170,190,324
Accumulated deficit (174,717,437) (175,029,363)
Accumulated other comprehensive income 2,680,006 2,658,143
Non-controlling interests 185,442 (3,380)
Total stockholders’ deficit (1,647,432) (2,170,043)
Total liabilities and stockholders’ equity (deficit) 16,879,805 10,209,878
Related Party    
Current assets    
Other receivables-related parties 3,081,792 2,736,302
Current liabilities    
Other payables-related parties $ 3,180,701 $ 1,924,426