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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Financial Information for Reportable Segments

Summarized financial information for the three reportable segments is as follows:

		Three Months Ended March 31, 2024
		Dongfang				Tengsheng				Baoding				Not Attributable				Elimination				Enterprise-wide,
		Paper				Paper				Shengde				to Segments				of Inter-segment				consolidated
Revenues		$	6,826,799			$	37,042			$	-			$	-			$	-			$	6,863,841
Gross profit			362,335				36,778				-				-				-				399,113
Depreciation and amortization			989,272				2,100,541				391,975				-				-				3,481,788
Interest income			1,462				536				173				12				-				2,183
Interest expense			89,507				44,854				72,245				3,684				-				210,290
Income tax expense(benefit)			-				-				-				36,793				-				36,793
Net loss			(1,134,241	)			(2,122,757	)			(54,512	)			(435,026	)			-				(3,746,536	)

		Three Months Ended March 31, 2023
		Dongfang				Tengsheng				Baoding				Not Attributable				Elimination				Enterprise-wide,
		Paper				Paper				Shengde				to Segments				of Inter-segment				consolidated
Revenues		$	19,528,196			$	227,044			$	35,637			$	-			$	-			$	19,790,877
Gross profit (loss)			439,080				(713,240	)			(2,839	)			-				-				(276,999	)
Depreciation and amortization			1,140,466				2,137,928				407,849				-				-				3,686,243
Interest income			133,183				693				1,235				1,157				-				136,268
Interest expense			146,702				28,574				73,893				-				-				249,169
Income tax expense(benefit)			-				-				-				-				-				-
Net loss			(569,464	)			(1,920,120	)			(99,285	)			(144,296	)			-				(2,733,165	)

As of March 31, 2024

Dongfang

Tengsheng

Baoding

Not Attributable

Elimination

Enterprise-wide,

Paper

Paper

Shengde

to Segments

of Inter-segment

consolidated

Total assets

$

57,882,403

125,436,285

7,761,164

1,516,252

-

192,596,104

As of December 31, 2023

Dongfang

Tengsheng

Baoding

Not Attributable

Elimination

Enterprise-wide,

Paper

Paper

Shengde

to Segments

of Inter-segment

consolidated

Total assets

$

57,139,592

127,734,031

8,184,902

1,651,124

-

194,709,649

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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