v3.25.2
Long-Term Loans (Tables)
 3 Months Ended
Mar. 31, 2025
Long Term Loans [Abstract]  
Schedule of Loan Agreements and the Outstanding Balances As of December 31, 2023, the Group had no loans. During 2024, the Group entered into long-term loans contracts with two creditors. The outstanding balances on long-term loans as of March 31, 2025 and December 31, 2024 consisted of the following:
      As of
March 31,
2025		   As of
December 31,
2024		   Maturity  Effective
Interest		    
Creditors     Balance   Balance   Date  Rate   Collateral/Guarantee
      US$   US$           
Fujian Fuqing Huitong Rural Commercial Bank
Co., Ltd.		  1   2,204,698    2,191,991   January 16, 2034   5.25%  Construction in progress of
   2   2,480,285    2,465,990           the Hongchang Food
   3   964,555    958,996           Industrial Park, WFOE,
   4   275,587    273,999           Mr. Zengqiang Lin,
   5   344,484    342,499           Ms. Zhenzhu Lin
Subtotal      6,269,609    6,233,475            
Chailease International Finance Co., Ltd. (“Chailease”)      529,769    564,759   October 25, 2027   15.16%  Machines, WFOE,
                        Mr. Zengqiang Lin and
                        Mr. Huaqiang Lin
Pucheng Rural Credit Union      135,038    
-
   August 30, 2025   6.48%   
                         
Total      6,934,416    6,798,234            
Schedule of Future Maturities of Long-Term Loans

The future maturities of long-term loans from Fujian Fuqing Huitong Rural Commercial Bank Co., Ltd. are as follows:

 

For the years ending December 31,  Principal 
Remainder of 2025  $74,408 
2026   137,794 
2027   137,794 
2028   264,564 
Thereafter   5,655,050 
   $6,269,610 
less: current portion  $74,408 
Non-current portion  $6,195,202