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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash $ 5,820,083 $ 10,075,162
Accounts receivable ,net 3,422,564 564,523
Inventories, net 482,712 315,371
Prepayments and deposits 5,916,171 6,376,656
Amount due from related parties 25,333 25,040
Other receivable 2,222 94,074
Total Current Assets 15,669,085 17,450,826
Non-Current Assets    
Property, plant and equipment, net 109,911,438 136,143,177
Finance lease right-of use assets 73,959 76,868
Operating lease right-of-use assets 5,847,348 6,169,855
Prepaid land leases, net of current portion 405,717 9,615,269
Deferred tax assets ,net
Total non-current assets 116,238,462 152,005,169
Total Assets 131,907,547 169,455,995
Current Liabilities    
Accounts payable and accrued expenses 12,183,011 14,323,458
Accrued liabilities 968,113
Taxes payable-current 635,558 113,999
Amount due to related parties 2,597,963 2,584,808
Finance lease liability, current portion 208,212 217,743
Operating lease liabilities, current portion 518,214 491,850
Total Current Liabilities 17,111,071 17,731,858
Non-Current Liabilities    
Finance lease liability, net of current portion 898,504 1,075,865
Operating lease liabilities, net of current portion 6,436,276 6,941,602
Total Non-Current Liabilities 7,334,780 8,017,467
Total Liabilities 24,445,851 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; 1,382,114 and 1,120,145 shares issued; and 1,353,531 and 1,091,562 shares outstanding as of September 30, 2025 and December 31, 2024, respectively (1) 691 560
Treasury stock; 28,583 shares as of September 30, 2025 and December 31, 2024 at cost (1,372,673) (1,372,673)
Additional paid-in capital 105,192,535 101,712,325
Share to be issued 194,700
Retained earnings unappropriated (3,708,985) 37,358,804
Retained earnings appropriated 26,667,097 26,667,097
Accumulated other comprehensive loss (19,316,969) (20,854,143)
Total Stockholders’ Equity 107,461,696 143,706,670
Total Liabilities and Stockholders’ Equity $ 131,907,547 $ 169,455,995