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v3.25.1

Inventories | 3 Months Ended
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Mar. 31, 2025
Inventories [Abstract] |
Inventories | (4) Inventories Raw materials inventory includes mainly recycled paper board and recycled white scrap paper. Finished goods include mainly products of corrugating medium paper, offset printing paper and tissue paper products. Inventories consisted of the following as of March 31, 2025 and December 31, 2024:
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Raw Materials |  |  |  |  |  |
Recycled paper board |  | $ | 3,244,750 |  |  | $ | 1,353,543 |
Recycled white scrap paper |  |  | 10,506 |  |  |  | 10,491 |
Gas |  |  | 107,821 |  |  |  | 16,334 |
Base paper and other raw materials |  |  | 160,989 |  |  |  | 132,348 |
|  |  | 3,524,066 |  |  |  | 1,512,716 |
Semi-finished Goods |  |  | 296,213 |  |  |  | 295,792 |
Finished Goods |  |  | 1,517,494 |  |  |  | 1,269,487 |
Total inventory, gross |  |  | 5,337,773 |  |  |  | 3,077,995 |
Inventory reserve |  |  | (695,717 | ) |  |  | (726,119 | )
Total inventory, net |  | $ | 4,642,056 |  |  | $ | 2,351,876 |
The movement of inventory reserve was as follows:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Balance at beginning of year |  | $ | 726,119 |  |  | $ | 2,959 |
Additional charge (written off), net |  |  | (31,453 | ) |  |  | 730,490 |
Foreign currency translation difference |  |  | 1,051 |  |  |  | (7,330 | )
Balance at the end of year |  | $ | 695,717 |  |  | $ | 726,119 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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