June 30,

December 31,

2022

2021

Rural Credit Union of Xushui District Loan 1

$

1,281,402

$

1,348,871

Rural Credit Union of Xushui District Loan 2

3,725,005

3,921,139

Rural Credit Union of Xushui District Loan 3

2,384,003

2,509,528

Rural Credit Union of Xushui District Loan 4

1,937,003

2,038,992

Total

9,327,413

9,818,530

Less: Current portion of long-term loans from credit union

(4,410,406

)

(6,838,465

)

Long-term loans from credit union

$

4,917,007

$

2,980,065