v3.25.1
Lease (Tables)
3 Months Ended
Mar. 31, 2025
Lease [Abstract]  
Schedule of Prepaid Land Use Rights Prepaid land use rights
   Prepaid land 
   lease payments 
Balance as of January 1, 2024  $11,712,704 
Amortization charge for the year   (316,811)
Foreign exchange adjustment   (319,920)
Balance as of December 31, 2024   11,075,973 
Amortization charge for the period   (78,305)
Foreign exchange adjustment   59,047 
Balance as of March 31, 2025  $11,056,715 
Schedule of Lease Expenses

Operating lease expenses for the three months ended March 31, 2024 and 2025 for the capitation agreement was as follows:

 

   March 31,
2024
   March 31,
2025
 
Operating lease cost – straight line  $311,260   $308,290 

Lease term and discount rate:

 

   December 31,
2024
   March 31,
2025
 
Weighted-average remaining lease term (years)        
Land use rights   35.9    35.7 
Operating leases   4.16    3.98 
           
Weighted-average discount rate          
Land use rights   Nil    Nil 
Operating lease   4.33%   4.32%
Finance lease   2.9%   Nil 

  

Supplemental cash flow information related to leases where the Company was the lessee for the three months ended March 31, 2024 wand 2025 was as follows:

 

   March 31,
2024
   March 31,
2025
 
Operating cash outflows from operating assets  $69,957   $137,184 
Schedule of Maturities of Lease Liabilities

The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2025:

 

    Operating
leases
 
Remainder of 2025   $ 1,256,655  
2026     881,094  
2027     485,967  
2028     451,230  
2029     448,620  
Thereafter     438,784  
Total undiscounted cash flows     3,962,350  
Less: imputed interest     (405,118 )
Present value of lease liabilities   $ 3,557,232