v3.25.1
Accrued Expenses and Other Payables - Schedule of Accrued Expenses and Other Payables (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Schedule of Accrued Expenses and Other Payables [Abstract]        
Construction costs payable $ 9,018,797 $ 11,570,384    
Equipment purchase payable 10,015,861 10,871,081    
Liquidated damages [1] 1,210,119 1,210,119    
Accrued staff costs 5,892,613 6,253,168    
Customer deposits 7,766,116 6,856,137    
Deferred revenue 6,241,213 4,831,774 $ 784,000 $ 784,000
Accrued expenses 2,072,634 2,059,252    
Interest payables 74,095 69,927    
Other tax payables 831,208 1,175,339    
Dividend payable to non-controlling interest to Hitrans 1,228,445 1,221,915    
Payables to suppliers for non-operating agency-based service 5,833,023 11,981,065    
Other payable 121,249 185,474    
Total Accrued expenses and other payables $ 50,305,373 $ 58,285,635    
[1] On August 15, 2006, the SEC declared effective a post-effective amendment that the Company had filed on August 4, 2006, terminating the effectiveness of a resale registration statement on Form SB-2 that had been filed pursuant to a registration rights agreement with certain shareholders to register the resale of shares held by those shareholders. The Company subsequently filed Form S-1 for these shareholders. On December 8, 2006, the Company filed its Annual Report on Form 10-K for the year ended September 30, 2006 (the “2006 Form 10-K”). After the filing of the 2006 Form 10-K, the Company’s previously filed registration statement on Form S-1 was no longer available for resale by the selling shareholders whose shares were included in such Form S-1. Under the registration rights agreement, those selling shareholders became eligible for liquidated damages from the Company relating to the above two events totaling approximately $1,051,000. As of December 31, 2024 and March 31, 2025, no liquidated damages relating to both events have been paid.