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Loans Payable (Tables)

6 Months Ended

Jun. 30, 2024

Loans Payable [Abstract]

Schedule of Short-Term Bank Loans

Short-term bank loans

		June 30,				December 31,
		2024				2023
Bank of Cangzhou 1		$	140,315			$	-
Bank of Cangzhou 2			280,631				-
Industrial and Commercial Bank of China (“ICBC”) Loan 1			-				2,824
ICBC Loan 2			-				70,594
ICBC Loan 3			-				350,149
ICBC Loan 4			2,806				-
ICBC Loan 5			140,316				-
ICBC Loan 6			140,316				-
ICBC Loan 7			137,509				-
Total short-term bank loans		$	841,893			$	423,567

Schedule of Long-Term Loans

As of June 30, 2024 and December 31, 2023, long-term loans were $11,308,021 and $11,378,429, respectively.

		June 30,				December 31,
		2024				2023
Rural Credit Union of Xushui District Loan 1		$	3,506,482			$	3,528,315
Rural Credit Union of Xushui District Loan 2			2,245,047				2,259,026
Rural Credit Union of Xushui District Loan 3			1,824,101				1,835,458
Rural Credit Union of Xushui District Loan 4			2,525,678				2,541,404
Rural Credit Union of Xushui District Loan 5			1,206,713				1,214,226
Total			11,308,021				11,378,429
Less: Current portion of long-term loans			(6,817,927	)			(6,874,497	)
Long-term loans		$	4,490,094			$	4,503,932

Schedule of Long-Term Debt Repayments

As of June 30, 2024, the Company’s long-term debt repayments for the next coming years were as follows:

		Amount
Fiscal year
Remainder of 2024		$	6,817,927
2025			3,367,571
2026 & after			1,122,523
Total			11,308,021

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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