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Loans Payable (Tables)

3 Months Ended

Mar. 31, 2024

Loans Payable [Abstract]

Schedule of Short-Term Bank Loans

		March 31,				December 31,
		2024				2023
Bank of Cangzhou 1		$	140,944			$	-
Bank of Cangzhou 2			281,889				-
Industrial and Commercial Bank of China (“ICBC”) Loan 1			2,819				2,824
ICBC Loan 2			70,472				70,594
ICBC Loan 3			349,542				350,149
Total short-term bank loans		$	845,666			$	423,567

Schedule of Long-Term Loans

As of March 31, 2024 and December 31, 2023, long-term loans were $11,358,704 and $11,378,429, respectively.

		March 31,				December 31,
		2024				2023
Rural Credit Union of Xushui District Loan 1		$	3,522,200			$	3,528,315
Rural Credit Union of Xushui District Loan 2			2,255,109				2,259,026
Rural Credit Union of Xushui District Loan 3			1,832,276				1,835,458
Rural Credit Union of Xushui District Loan 4			2,536,998				2,541,404
Rural Credit Union of Xushui District Loan 5			1,212,121				1,214,226
Total			11,358,704				11,378,429
Less: Current portion of long-term loans			(8,116,984	)			(6,874,497	)
Long-term loans		$	3,241,720			$	4,503,932

Schedule of Long-Term Debt Repayments

As of March 31, 2024, the Company’s long-term debt repayments for the next coming years were as follows:

		Amount
Fiscal year
Remainder of 2024		$	8,116,984
2025			2,114,165
2026 & after			1,127,555
Total			11,358,704

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