| Consolidated Financial Statement Details |
Note 5 –Consolidated Financial Statement
Details
The following tables show the Company’s
consolidated financial statement details as of June 30, 2025 and December 31, 2024:
Inventories
| Schedule of inventories | |
| | | |
| | |
| | |
June 30, 2025 | | |
December 31, 2024 | |
| raw materials | |
$ | 1,514,133 | | |
$ | 1,808,253 | |
| Inventories in transit | |
| - | | |
| 125,917 | |
| finished goods | |
| - | | |
| 650,282 | |
| work in progress | |
| 600,370 | | |
| 321,931 | |
| Total inventories | |
$ | 2,114,503 | | |
$ | 2,906,383 | |
Property, Plant and Equipment, Net
| Schedule of property and equipment | |
| | | |
| | |
| | |
June 30, 2025 | | |
December 31, 2024 | |
| Gross property, plant and equipment | |
$ | 25,560,158 | | |
$ | 24,884,609 | |
| Accumulated depreciation | |
| (8,744,414 | ) | |
| (7,700,417 | ) |
| Total property, plant and equipment, net | |
$ | 16,815,744 | | |
$ | 17,184,192 | |
Accrued expenses and other liabilities
| Schedule of accrued expenses and other current liabilities | |
| | | |
| | |
| | |
June 30, 2025 | | |
December 31, 2024 | |
| Advances from customers | |
$ | 79,565 | | |
$ | 81,153 | |
| Salary payable | |
| 176,485 | | |
| 87,206 | |
| Tax payable | |
| (3,026 | ) | |
| 17,235 | |
| Other payable | |
| 3,382,655 | | |
| 2,754,809 | |
| Long-term payable, current portion | |
| 164,713 | | |
| 152,550 | |
| Total | |
$ | 4,800,392 | | |
$ | 3,092,953 | |
|