v3.25.2
Other Non-Current Assets
3 Months Ended
Mar. 31, 2025
Other Non-Current Assets [Abstract]  
OTHER NON-CURRENT ASSETS

11. OTHER NON-CURRENT ASSETS

 

Other non-current assets consisted of the following:

 

   As of 
   March 31,   December 31, 
   2025   2024   2023 
   US$   US$   US$ 
Other non-current asset –Advanced construction payment   6,992,158    3,561,700    706,920 
Other non-current asset –Prepayment for acquisition of businesses   
-
    558,957    
-
 
Other non-current asset –Leasehold deposit   13,780    13,700    
-
 
    7,005,938    4,134,357    706,920 

 

Other non-current assets were US$7,005,938, US$4,134,357, and US$706,920 as of March 31, 2025, December 31, 2024, and December 31, 2023, respectively, which primarily consisted of advanced payment to Sichuan Xiongji for the construction of Hongchang Food Industrial Park.