v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 1,062,038 $ 245,164
Accounts receivable, net 2,755,263 3,106,561
Inventory 3,519,140 1,995,611
Prepaid expense 738,442 490,948
Other receivables and other current assets 67,020 74,984
Total Current Assets 8,141,903 5,913,268
NON-CURRENT ASSETS    
Property, plant and equipment, net 3,659,631 3,894,434
Construction in progress 2,059,807 1,258,701
Intangible assets, net 983,961 977,986
Operating lease right-of-use assets, net 1,648,594 1,822,266
Security deposits 9,030 9,030
TOTAL ASSETS 16,502,926 13,875,685
Current Liabilities    
Bank borrowings, current 1,996,203 4,699,081
Operating lease liabilities, current 370,800 355,754
Accounts and other payables and accruals 4,006,142 2,600,469
Unearned revenue 764,523 0
Tax payable (13,034) 601,317
Due to related party 863,083 1,416,432
Total current liabilities 7,987,717 9,673,053
Bank borrowings, non-current 2,857,677 136,947
Operating lease liabilities, non-current 1,277,794 1,466,512
TOTAL LIABILITIES 12,123,188 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 June 30, 2025 and 55,464,000 shares issued and outstanding as of December 31, 2024 95,464 55,464
Subscription receivable (4,967,850) (1,375,000)
Additional paid-in Capital 23,580,165 15,487,165
Accrued compensation expense (2,110,500) (2,927,250)
Accumulated deficit (14,586,105) (9,693,818)
Accumulated other comprehensive income 2,363,564 1,047,612
Total stockholders' deficit 4,379,738 2,599,173
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 16,502,926 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 June 30, 2025 and December 31, 2024 $ 5,000 $ 5,000