| Schedule of Segment Information |
The following table presents the segment information
for the six months ended June 30, 2025 and 2024, respectively:
| | |
For the Six Months Ended
June 30, 2025 | |
| | |
China | | |
United
States and others | | |
Total | |
| | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | |
| Revenue | |
$7,784,323 | | |
$903,885 | | |
$8,688,208 | |
| Less: | |
| | | |
| | | |
| | |
| Cost of revenue | |
| 4,058,570 | | |
| 764,286 | | |
| 4,822,856 | |
| Selling expenses | |
| 2,452,200 | | |
| 364,928 | | |
| 2,817,128 | |
| General and administrative expenses | |
| 607,647 | | |
| 1,631,122 | | |
| 2,238,769 | |
| Income (loss) from operations | |
| 665,906 | | |
| (1,856,451 | ) | |
| (1,190,545 | ) |
| Other income (expense) | |
| | | |
| | | |
| | |
| Interest expense, net | |
| (74,598 | ) | |
| (3,745 | ) | |
| (78,343 | ) |
| Other (expense) income, net | |
| (110,713 | ) | |
| 34,226 | | |
| (76,487 | ) |
| Interest income from long term debt investment | |
| - | | |
| 359,014 | | |
| 359,014 | |
| Profit (loss) before income tax expense | |
| 480,595 | | |
| (1,466,956 | ) | |
| (986,361 | ) |
| Income tax expense | |
| (62,432 | ) | |
| - | | |
| (62,432 | ) |
| Net income (loss) | |
$ | 418,163 | | |
$ | (1,466,956 | ) | |
$ | (1,048,793 | ) |
| Depreciation | |
$ | 281,051 | | |
$ | 111,925 | | |
$ | 392,976 | |
| Capital expenditures | |
$ | 1,260,320 | | |
$ | 4,341 | | |
$ | 1,264,661 | |
| | |
For the Six Months Ended
June 30, 2024 | |
| | |
China | | |
United
States and others | | |
Total | |
| | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | |
| Revenue | |
$ | 6,501,871 | | |
$ | 1,040,811 | | |
$ | 7,542,682 | |
| Less: | |
| | | |
| | | |
| | |
| Cost of revenue | |
| 3,439,202 | | |
| 976,205 | | |
| 4,415,407 | |
| Selling expenses | |
| 1,899,678 | | |
| 331,227 | | |
| 2,230,905 | |
| General and administrative expenses | |
| 432,711 | | |
| 1,023,788 | | |
| 1,456,499 | |
| Income (loss) from operations | |
| 730,280 | | |
| (1,290,409 | ) | |
| (560,129 | ) |
| Other income (expense) | |
| | | |
| | | |
| | |
| Interest (expense) income, net | |
| (68,319 | ) | |
| 43,041 | | |
| (25,278 | ) |
| Other (expense) income, net | |
| (16,978 | ) | |
| 331,648 | | |
| 314,670 | |
| Interest income from long term debt investment | |
| - | | |
| 359,014 | | |
| 359,014 | |
| Profit (loss) before income tax expense | |
| 644,983 | | |
| (556,706 | ) | |
| 88,277 | |
| Income tax expense | |
| (64,865 | ) | |
| - | | |
| (64,865 | ) |
| Net income (loss) | |
$ | 580,118 | | |
$ | (556,706 | ) | |
$ | 23,412 | |
| Depreciation | |
$ | 237,245 | | |
$ | 208,542 | | |
$ | 445,787 | |
| Capital expenditures | |
$ | 29,081 | | |
$ | 5,187 | | |
$ | 34,268 | |
|
| Schedule of Total Assets and Liabilities |
| | |
June 30,
2025 | | |
December 31,
2024 | |
| Total assets: | |
| | |
| |
| China | |
$ | 33,368,274 | | |
$ | 22,487,303 | |
| United States | |
| 18,194,232 | | |
| 19,288,531 | |
| Total assets | |
$ | 51,562,506 | | |
$ | 41,775,834 | |
| | |
| | | |
| | |
| Total liabilities: | |
| | | |
| | |
| China | |
$ | 24,251,768 | | |
$ | 17,366,824 | |
| United States | |
| 2,766,583 | | |
| 5,983,564 | |
| Total liabilities | |
$ | 27,018,351 | | |
$ | 23,350,388 | |
|