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Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Note 6 — Property and equipment, net

Property and equipment, net consist of the following:

​

​	​	​	​	​	​	​
​	​	As of		​	As of
​		December 31, 2023			December 31, 2022
​		USD		​	USD
​	​	​		​	​
Building	​	$	946,066	​	$	946,066
Leasehold Improvements	​	​	1,695,361	​	​	1,074,206
Machinery and equipment	​		1,613,439	​		2,246,610
Furniture and fixtures	​		259,449	​		516,310
Vehicles	​		147,912	​		147,913
Molds	​		26,377	​		26,377
Subtotal	​		4,688,604	​		4,957,482
Less: accumulated depreciation	​		(2,778,113)	​		(3,687,511)
Total	​	$	1,910,491	​	$	1,269,971

​

Depreciation expenses for the years ended December 31, 2023 and 2022 amounted to $200,764 and $175,979, respectively, which were included in general and administrative expenses on the consolidated statements of income and comprehensive income.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-7

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