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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net income $ (9,843,094) $ (9,946,035)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,221,082 14,225,990
(Gain) Loss on derivative liability 5,597 (646,229)
(Gain) Loss from disposal and impairment of property, plant and equipment 102,490 1,608,542
(Recovery from) for bad debts 911,228 34,193
Allowances for inventories, net 730,490 2,970
Changes in operating assets and liabilities:    
Accounts receivable 240,346 280,970
Prepayments and other current assets (6,090) 9,322,532
Inventories 432,189 (736,267)
Accounts payable (4,966) 50
Advance from customers (123,624) 136,686
Related parties (38,206) (478,025)
Accrued payroll and employee benefits (27,107) 74,908
Other payables and accrued liabilities (382,586) (596,695)
Income taxes payable 81,720 (412,504)
Net Cash Provided by Operating Activities 6,299,469 12,871,086
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (329,611) (22,292,870)
Proceeds from sale of property, plant and equipment 53,573
Net Cash Used in Investing Activities (329,611) (22,239,297)
Cash Flows from Financing Activities:    
Repayments of related party loans (727,433)
Proceeds from short term bank loans 843,087 1,275,546
Proceeds from long term loans 3,769,948
Repayment of bank loans (3,372,350) (7,647,610)
Payment of capital lease obligation (74,154)
Loan to a related party (net) 7,086,369
Net Cash (Used in) Provided by Financing Activities (3,256,696) 4,410,099
Effect of Exchange Rate Changes on Cash and Cash Equivalents (154,507) (174,835)
Net Increase (Decrease) in Cash and Cash Equivalents 2,558,655 (5,132,947)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 4,391,921 9,524,868
Cash, Cash Equivalents and Restricted Cash - End of Year 6,950,576 4,391,921
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 1,812,864 1,484,461
Cash paid for income taxes 797,473 759,458
Cash and bank balances 5,916,373 3,918,938
Restricted cash 1,034,203 472,983
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 6,950,576 $ 4,391,921