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Notes Payable
3 Months Ended
Mar. 31, 2024
Notes Payable [Abstract]  
Notes payable

(10) Notes payable

 

As of March 31, 2024, the Company had bank acceptance notes of $246,501 from the Cangzhou to third parties for settling purchases of raw materials. The acceptance notes are used to essentially extend the payment of accounts payable and are issued under the banking facilities obtained from bank. The bank acceptance notes from the bank bore interest rate at nil% per annum and 0.05% of notes amount as handling change. The acceptance notes will become due and payable on July 16, 2024.