XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
NET REVENUE $ 2,383,169 $ 8,005,782 $ 3,690,231 $ 17,307,789
OPERATING INCOME (EXPENSE)        
Cost of net revenue (5,112,058) (7,321,442) (7,231,903) (14,090,516)
Sales and marketing expenses (13,633) (14,718) (18,124) (28,422)
Direct labor and factory overheads incurred during plant shutdown (1,714,503) (1,055,529) (5,449,192) (3,464,265)
General and administrative expenses (689,972) (593,325) (1,407,428) (1,503,376)
Other operating income 60,134 60,134
TOTAL OPERATING COSTS AND EXPENSE (7,530,166) (8,924,880) (14,106,647) (19,026,445)
PROFIT (LOSS) FROM OPERATIONS (5,146,997) (919,098) (10,416,416) (1,718,656)
OTHER INCOME (EXPENSE)        
Interest expense (24,814) (27,901) (49,644) (57,531)
Interest income 34,791 72,484 70,851 143,369
Other expense (29,169,008) (29,173,011)
Income (Loss) before taxes (34,306,028) (874,515) (39,568,220) (1,632,818)
INCOME TAX BENEFIT (EXPENSE) 1,208,110 192,699 2,478,170 393,255
NET PROFIT (LOSS) (33,097,918) (681,816) (37,090,050) (1,239,563)
COMPREHENSIVE INCOME (LOSS)        
- Foreign currency translation adjustments (849,254) (13,906,993) (1,243,121) (10,127,491)
TOTAL COMPREHENSIVE (LOSS) INCOME $ (33,947,172) $ (14,588,809) $ (38,333,171) $ (11,367,054)
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE $ (3.09) $ (0.07) $ (3.46) $ (0.12)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES 10,726,924 10,431,924 10,726,924 10,431,924