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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Financial Information for Reportable Segments

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

		Year Ended December 31, 2024
		Dongfang				Tengsheng				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	75,702,427				135,516				-				-				-				75,837,943
Gross profit			6,556,487				135,253				-				-				-				6,691,740
Depreciation and amortization			3,842,408				8,814,279				1,564,395				-				-				14,221,082
Loss on impairment of assets			-				-				102,490				-				-				102,490
Interest income			12,316				1,845				598				34				-				14,793
Interest expense			356,788				94,334				296,891				14,364				-				762,377
Income tax expense			842,401				-				-				36,793				-				879,194
Net income (loss)			2,161,939				(10,051,366	)			(440,633	)			(1,513,034	)			-				(9,843,094	)

		Year Ended December 31, 2023
		Dongfang				Tengsheng				Baoding				Not Attributable				Elimination of				Enterprise-wide,
		Paper				Paper				Shengde				to Segments				Inter-segment				consolidated
Revenues		$	85,106,864				1,334,022				106,064				-				-				86,546,950
Gross profit			4,006,381				(2,995,369	)			(11,127	)			-				-				999,885
Depreciation and amortization			4,168,755				8,470,810				1,586,425				-				-				14,225,990
Loss on impairment of assets			905,226				219,744				375,328				-				-				1,500,298
Interest income			300,928				2,376				9,790				2,002				-				315,096
Interest expense			503,740				181,447				291,675				7,656				-				984,518
Income tax expense(benefit)			346,954				-				-				-				-				346,954
Net income (loss)			(109,770	)			(9,004,792	)			(726,065	)			(105,408	)			-				(9,946,035	)

As of December 31, 2024

Dongfang

Tengsheng

Baoding

Not Attributable

Elimination of

Enterprise-wide,

Paper

Paper

Shengde

to Segments

Inter-segment

consolidated

Total assets

$

54,180,471

116,390,854

6,020,713

954,748

-

177,546,786

		As of December 31, 2023
		Dongfang Paper				Tengsheng Paper				Baoding Shengde				Not Attributable to Segments				Elimination of Inter-segment				Enterprise-wide, consolidated
Total assets		$	57,139,592				127,734,031				8,184,902				1,685,124				-				194,743,649

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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