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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment Useful Life

The Company’s depreciation and amortization policies on property, plant and equipment, other than mineral rights and construction in process, are as follows:

 

 

 

Useful life

(in years) 

Buildings (including salt pans)   8 - 20
Plant and machinery (including protective shells, transmission channels and ducts)   3 - 8
Motor vehicles   5
Furniture, fixtures and equipment   3 - 8
Basis of Presentation and Consolidation - Fair Value Assets Measured on Non-Recurring Basis

The following table presents the Company’s assets measured at fair value on a non-recurring basis for the years ended September 30, 2025:

 

       Fair Value Measurements at Reporting Date Using
   Description 

Fair Value

as of

September 30,2025

US$

 

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

US$

 

Significant

Other

Observable

Inputs

(Level 2)

US$

 

Significant

Unobservable

Inputs

(Level 3)

US$

 

Total Gain(Loss)

for

the Year

Ended

September 30,2025

US$

As of September 30, 2025  Prepaid land leases   2,297,061            2,297,061    6,991,921 
As of September 30, 2025  Property, Plant and equipment   2,283,831            2,283,831    22,790,991