v3.25.2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash $ 1,866,303 $ 245,164
Accounts receivable, net 3,747,662 3,106,561
Inventory, net 2,340,949 1,995,611
Prepayments 571,423 490,948
Other receivables and other current assets 29,255 74,984
Total current assets 8,555,592 5,913,268
NON-CURRENT ASSETS    
Property, plant and equipment, net 3,797,906 3,894,434
Construction in progress 1,407,743 1,258,701
Land use rights, net 987,975 977,986
Operating lease right-of-use assets, net 1,735,972 1,822,266
Security deposits 9,030 9,030
Total non-current assets 7,938,626 7,962,417
TOTAL ASSETS 16,494,218 13,875,685
CURRENT LIABILITIES    
Bank borrowings - current 4,778,357 4,699,081
Operating lease liabilities, current 363,230 355,754
Accounts and other payables and accruals 4,813,041 2,600,469
Taxes payable (34,251) 601,317
Amounts due to related parties 1,153,203 1,416,432
Total current liabilities 11,073,580 9,673,053
Bank borrowings – non-current 136,947 136,947
Operating lease liabilities, – non-current 1,372,742 1,466,512
Total non-current liabilities 1,509,689 1,603,459
TOTAL LIABILITIES 12,583,269 11,276,512
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)    
Common stock, $0.001 par value, 400,000,000 shares authorized, 95,464,000 shares issued and outstanding as of March 31, 2025 and 55,464,000 shares issued and outstanding as of December 31, 2024 95,464 55,464
Subscription receivable (6,175,850) (1,375,000)
Additional paid-in capital 23,580,165 15,487,165
Accrued compensation expense (2,110,500) (2,927,250)
Accumulated deficits (12,324,547) (9,693,818)
Accumulated other comprehensive loss 841,217 1,047,612
Total stockholders' equity 3,910,949 2,599,173
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 16,494,218 13,875,685
Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock – Series A, $0.001 par value, 100,000,000 shares authorized, 10,000,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024 $ 5,000 $ 5,000