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Loans Payable (Tables) | 9 Months Ended
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Sep. 30, 2024
Loans Payable [Abstract] |
Schedule of Short-Term Bank Loans | Short-term bank loans
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Bank of Cangzhou 1 |  | $ | 142,706 |  |  | $ | - |
Bank of Cangzhou 2 |  |  | 285,413 |  |  |  | - |
Industrial and Commercial Bank of China (“ICBC”) Loan 1 |  |  | - |  |  |  | 2,824 |
ICBC Loan 2 |  |  | - |  |  |  | 70,594 |
ICBC Loan 3 |  |  | - |  |  |  | 350,149 |
ICBC Loan 4 |  |  | 2,854 |  |  |  | - |
ICBC Loan 5 |  |  | 142,706 |  |  |  | - |
ICBC Loan 6 |  |  | 142,706 |  |  |  | - |
ICBC Loan 7 |  |  | 139,852 |  |  |  | - |
Total short-term bank loans |  | $ | 856,238 |  |  | $ | 423,567 |
Schedule of Long-Term Loans | As of September 30, 2024 and December 31, 2023, long-term loans were $8,931,986 and $11,378,429, respectively.
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Rural Credit Union of Xushui District Loan 1 |  | $ | 3,566,229 |  |  | $ | 3,528,315 |
Rural Credit Union of Xushui District Loan 2 |  |  | 2,283,301 |  |  |  | 2,259,026 |
Rural Credit Union of Xushui District Loan 3 |  |  | 1,855,182 |  |  |  | 1,835,458 |
Rural Credit Union of Xushui District Loan 4 |  |  | - |  |  |  | 2,541,404 |
Rural Credit Union of Xushui District Loan 5 |  |  | 1,227,274 |  |  |  | 1,214,226 |
Total |  |  | 8,931,986 |  |  |  | 11,378,429 |
Less: Current portion of long-term loans |  |  | (4,365,385 | ) |  |  | (6,874,497 | )
Long-term loans |  | $ | 4,566,601 |  |  | $ | 4,503,932 |
Schedule of Long-Term Debt Repayments | As of September 30, 2024, the Company’s long-term debt repayments for the next coming years were as follows:
Fiscal year |  | Amount |
Remainder of 2024 |  | $ | 4,365,385 |
2025 |  |  | 4,281,188 |
2026 & after |  |  | 285,413 |
Total |  |  | 8,931,986 |

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