XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
NET REVENUE $ 1,307,062 $ 9,302,007
OPERATING COSTS AND EXPENSE    
Cost of net revenue (2,119,845) (6,769,074)
Sales and marketing expenses (4,491) (13,704)
Direct labor and factory overheads incurred during plant shutdown (3,734,689) (2,408,736)
General and administrative expenses (717,456) (910,051)
Other operating income
TOTAL OPERATING COSTS AND EXPENSE (6,576,481) (10,101,565)
LOSS FROM OPERATIONS (5,269,419) (799,558)
OTHER INCOME (EXPENSE)    
Interest expense (24,830) (29,630)
Interest income 36,060 70,885
Other expense (4,003) 0
LOSS BEFORE INCOME TAXES (5,262,192) (758,303)
INCOME TAX (EXPENSE) BENEFIT 1,270,060 200,556
NET LOSS (3,992,132) (557,747)
COMPREHENSIVE LOSS:    
- Foreign currency translation adjustments (393,867) 3,779,502
TOTAL COMPREHENSIVE (LOSS) INCOME $ (4,385,999) $ 3,221,755
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE $ (0.37) $ (0.05)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES: 10,726,924 10,431,924