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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 579,564 $ 3,679,920
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 2,017,502 218,662
Share-based compensation 417,978 383,572
Provision for credit losses 78,640 261,381
Reversal of defective return (851,554) (1,696,263)
Foreign exchange transaction loss 185,317 7,417
Deferred income tax expense 96,707 213,050
Changes in operating assets and liabilities    
Accounts receivable (1,126,770) 13,489,673
Inventories 3,368,740 7,971,370
Prepayments and other current assets (2,029,670) (1,041,458)
Prepayments and other receivables - related parties (1,956,634) (2,523,826)
Other noncurrent assets 883,108 860,770
Income taxes 155,769 (1,187,589)
Right-of-use assets   858,322
Accounts payable (194,362) (17,290,882)
Accounts payable-related parties 630,866 104,442
Operating lease liabilities (1,324,641) (1,396,218)
Accrued expenses and other current liabilities 459,139 (1,932,078)
Net cash provided by operating activities 1,389,699 980,265
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from disposal of property and equipment   400
Purchase of property and equipment (840,387) (1,064,223)
Purchase of intangible assets (102,227)  
Net cash used in investing activities (942,614) (1,063,823)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments of revolving credit facility (2,835,876) (4,862,228)
Net proceeds from issuance of ordinary shares in IPO   12,370,800
Excess payment over carrying value on long-lived assets acquisition from common-control affiliate   (498,005)
Net cash (used in) provided by financing activities (2,835,876) 7,010,567
EFFECT OF EXCHANGE RATE FLUCTUATION ON CASH 98,604 (743,477)
NET CHANGES IN CASH (2,290,187) 6,183,532
CASH, BEGINNING OF PERIOD 10,067,428 3,883,896
CASH, END OF PERIOD 7,777,241 10,067,428
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid during the period for interest (749,646) (600,043)
Cash paid during the period for income taxes (552,163) (1,835,823)
NON-CASH INVESTING AND FINANCING ACTIVITIES    
New addition on Right-of-use assets $ (7,204,742) $ (2,585,925)