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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,992,132) $ (557,747)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Amortization on capital lease 24,830 28,560
Depreciation and amortization 4,733,475 5,360,224
Unrealized translation difference 0 (32,352)
Deferred tax asset (1,270,060) (200,556)
Amortization of right-of-use asset 217,345
Changes in assets and liabilities    
Accounts receivable (402,545) 211,870
Inventories (57,859) 1,035,921
Prepayments and deposits (44,903) (109,604)
Advance from customers (36,222)
Other receivables (774) (527)
Accounts and Other payable and accrued expenses (17,847) (772,506)
Amount due to related Parties
Taxes payable (257,766) 282,007
Lease liabilities (226,018) (413,737)
Net cash (used in) provided by operating activities (1,330,476) 4,831,553
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (32,742)
Net cash used in investing activities (32,742)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (131,622) 2,746,808
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,462,098) 7,545,619
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 72,223,894 108,226,214
CASH AND CASH EQUIVALENTS - END OF PERIOD 70,761,796 115,771,833
Cash paid during  the three-month period ended March 31, 2024 for:    
Paid for taxes 481,153 1,670,428
Interest on finance lease obligation $ 24,830 $ 28,560