Long-Term Investments, Net (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Long-Term Investments, Net [Abstract] |
|
| Schedule of Long-Term Investments |
Long-term investments as of December 31, 2024 and March 31, 2025, consisted
of the following:
| | |
December 31,
2024 | | |
March 31,
2025 | |
| Investments in equity method investees | |
$ | 1,625,793 | | |
$ | 1,689,706 | |
| Investments in non-marketable equity | |
| 620,701 | | |
| 624,019 | |
| | |
$ | 2,246,494 | | |
$ | 2,313,725 | |
|
| Schedule of Carrying Value of the Long-Term Investments |
The following is the carrying value of the long-term investments:
| | |
December 31, 2024 | | |
March 31, 2025 | |
| | |
Carrying
Amount | | |
Economic
Interest | | |
Carrying Amount | | |
Economic
Interest | |
| Investments in equity method investees | |
| | | |
| | | |
| | | |
| | |
| Zhejiang Shengyang Renewable Resources Technology Co., Ltd. (b) | |
$ | 1,625,793 | | |
| 26 | % | |
$ | 1,689,706 | | |
| 26 | % |
| | |
| | | |
| | | |
| | | |
| | |
| Investments in non-marketable equity | |
| | | |
| | | |
| | | |
| | |
| Hunan DJY Technology Co., Ltd | |
$ | 620,701 | | |
| | | |
$ | 624,019 | | |
| | |
| (b) | Investments in Zhejiang Shengyang Renewable Resources Technology Co., Ltd. |
|
| Schedule of Investments |
Investments in Guangxi Guiwu CBAK New Energy Technology Co., Ltd
| Balance as of January 1, 2024 | |
| 254,475 | |
| Proceeds from disposal of investment | |
| (278,114 | ) |
| Loss from investment | |
| (18,777 | ) |
| Profit from disposal | |
| 45,749 | |
| Foreign exchange adjustment | |
| (3,333 | ) |
| Balance as of December 31, 2024 | |
$ | - | |
Investments in Zhejiang Shengyang Renewable Resources Technology Co., Ltd.
| Balance as at January 1, 2024 | |
$ | 1,672,136 | |
| Profit (loss) from investment | |
| - | |
| Foreign exchange adjustment | |
| (46,343 | ) |
| Balance as of December 31, 2024 | |
$ | 1,625,793 | |
| Profit from investment | |
| 55,125 | |
| Foreign exchange adjustment | |
| 8,788 | |
| Balance as of March 31, 2025 | |
$ | 1,689,706 | |
|
| Schedule of Investments in Non-Marketable Equity |
Investments in non-marketable equity
| | |
December 31,
2024 | | |
March 31,
2025 | |
| Cost | |
$ | 1,232,978 | | |
$ | 1,239,567 | |
| Impairment | |
| (612,277 | ) | |
| (615,548 | ) |
| Carrying amount | |
$ | 620,701 | | |
$ | 624,019 | |
|