XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
NET REVENUE $ 9,044,581 $ 2,242,365 $ 18,992,813 $ 5,932,596
OPERATING COSTS AND EXPENSES        
Cost of net revenue (7,996,785) (4,071,616) (16,948,185) (11,303,519)
Sales and marketing expenses (16,013) (13,484) (35,868) (31,608)
Direct labor and factory overheads incurred during plant shutdown (580,178) (1,736,345) (4,533,760) (7,185,537)
General and administrative expenses (785,533) (1,002,529) (3,169,821) (2,409,957)
TOTAL OPERATING COSTS AND EXPENSE  (9,378,509) (6,823,974) (24,687,634) (20,930,621)
LOSS FROM OPERATIONS (333,928) (4,581,609) (5,694,821) (14,998,025)
OTHER INCOME (EXPENSE)        
Interest expense (18,184) (21,191) (61,580) (70,835)
Interest income 978 6,220 5,202 77,071
Other expense, net (3,521,613) (3,524,825) (4,003)
Loss on disposal of long-lived assets (2,008,853) (2,008,853) (29,169,008)
Impairment of long-lived assets (29,782,912) (29,782,912)
LOSS BEFORE TAXES (35,664,512) (4,596,580) (41,067,789) (44,164,800)
INCOME TAX BENEFIT (EXPENSE) 1,103,697 3,581,867
NET LOSS (35,664,512) (3,492,883) (41,067,789) (40,582,933)
COMPREHENSIVE LOSS        
- Foreign currency translation adjustments 911,383 3,102,876 1,537,174 1,859,755
TOTAL COMPREHENSIVE LOSS $ (34,753,129) $ (390,007) $ (39,530,615) $ (38,723,178)
BASIC AND DILUTED LOSS PER SHARE(1): $ (26.35) $ (3.20) $ (31.62) $ (37.18)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES(1): 1,353,532 1,091,562 1,298,766 1,091,562