XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash $ 7,736,081 $ 10,075,162
Accounts receivable, net 3,150,850 564,523
Inventories, net 515,013 315,371
Prepayments and deposits 8,743,324 6,376,656
Amount due from related parties 25,144 25,040
Other receivable 105,564 94,074
Total Current Assets 20,275,976 17,450,826
Non-Current Assets    
Property, plant and equipment, net 128,694,551 136,143,177
Finance lease right-of use assets 74,668 76,868
Operating lease right-of-use assets 5,937,515 6,169,855
Prepaid land leases, net of current portion 9,648,863 9,615,269
Deferred tax assets, net
Total non-current assets 144,355,597 152,005,169
Total Assets 164,631,573 169,455,995
Current Liabilities    
Accounts payable and accrued expenses 11,551,878 14,323,458
Taxes payable-current 298,037 113,999
Advance from customer
Amount due to related parties 2,589,489 2,584,808
Finance lease liability, current portion 188,550 217,743
Operating lease liabilities, current portion 162,134 491,850
Total Current Liabilities 14,790,088 17,731,858
Non-Current Liabilities    
Finance lease liability, net of current portion 891,801 1,075,865
Operating lease liabilities, net of current portion 6,734,859 6,941,602
Total Non-Current Liabilities 7,626,660 8,017,467
Total Liabilities 22,416,748 25,749,325
Commitment and Loss Contingencies　
Stockholders’ Equity    
PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding
COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 13,632,448 and 11,012,754 shares issued; and 13,346,618 and 10,726,924 shares outstanding as of June 30, 2025 and December 31, 2024 25,934 24,623
Treasury stock; 285,830 shares as of June 30, 2025 and December 31, 2024 at cost (1,372,673) (1,372,673)
Additional paid-in capital 105,167,292 101,688,262
Share to be issued 194,700
Retained earnings unappropriated 31,955,527 37,358,804
Retained earnings appropriated 26,667,097 26,667,097
Accumulated other comprehensive income (20,228,352) (20,854,143)
Total Stockholders’ Equity 142,214,825 143,706,670
Total Liabilities and Stockholders’ Equity $ 164,631,573 $ 169,455,995