XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash $ 124,379 $ 268,102
Accounts receivable, net 45,188,231 29,076,549
Other receivables, net 424,313 418,891
Other receivables - related parties 123,532 115,718
Contract assets 31,438,860 34,280,084
Prepayments and other current assets, net 405,136 582,149
Total current assets 77,704,451 64,741,493
OTHER ASSETS    
Property and equipment, net 1,291,322 1,695,348
Right-of-use assets, net 210,058
Intangible assets, net 5,628 16,397
Deferred tax assets, net 1,208,689 252,882
Contract assets, noncurrent 8,550,498 4,885,755
Prepaid initial public offering (“IPO”) costs 989,628
Escrow 600,000 0
Total other assets 11,656,137 8,050,068
Total assets 89,360,588 72,791,561
CURRENT LIABILITIES    
Accounts payable 36,347,893 23,784,781
Short-term loans - banks 1,814,551 2,728,385
Short-term loans - third parties 836,765 312,028
Short-term loans - related parties 2,794,894 5,386,156
Other payables and accrued liabilities 2,220,896 2,466,501
Other payables - related party 256,863 270,806
Contract liabilities 28,026 28,430
Taxes payable 7,408,674 5,423,955
Lease liabilities 118,833
Total current liabilities 51,708,562 40,519,875
OTHER LIABILITIES    
Long-term loan - bank 213,969 79,463
Lease liabilities, non-current 105,980
Total other liabilities 213,969 185,443
Total liabilities 51,922,531 40,705,318
SHAREHOLDERS’ EQUITY    
Ordinary shares, $0.0025 par value, 20,000,000 shares authorized, 10,825,000 and 9,200,000 shares issued and outstanding as of December 31, 2024 and 2023, respectively 27,063 23,000
Additional paid-in capital 11,578,633 7,453,265
Statutory reserves 3,433,589 3,192,855
Retained earnings 24,455,403 23,242,946
Accumulated other comprehensive loss (2,210,909) (2,009,421)
Total CDT Environmental Technology Investment Holdings Limited shareholders’ equity 37,283,779 31,902,645
Noncontrolling interests 154,278 183,598
Total shareholders’ equity 37,438,057 32,086,243
Total liabilities and shareholders’ equity $ 89,360,588 $ 72,791,561