Secured Borrowing Arrangement |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2025 | ||||
| Debt Instruments [Abstract] | ||||
| Secured Borrowing Arrangement |
In July 2023, the Company signed a secured borrowing agreement with a financial institution in the United States, in which the Company borrowed $1,000,000 secured by its accounts receivable amounted $1,491,000. It is scheduled under the agreement that the Company pays $49,700 per week for thirty weeks to the financial institution to repay the loan. On January 21, 2025, 3D PRINTING entered into an EB-5 loan agreement with 3DFLOR Chairman and controlling shareholder, Lin Li (“3DFLOR”), pursuant to which 3DFLOR agreed to provide 3D PRINTING a loan, with an initial maximum principal amount of $24,000,000 at an interest rate of 1.00% per year. |