v3.25.2
SCHEDULE OF SEGMENTAL OPERATING RESULTS (Details) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenues, net    
 Total Revenues $ 180,774,803 $ 156,312,109
Cost of goods sold (130,942,258) (114,376,152)
Gross profit 49,832,545 41,935,957
Operating expenses:    
Sales and distribution (31,092,110) (26,226,218)
General and administrative (9,025,931) (7,978,231)
Listing expenses (666,021) (310,502)
Total operating expenses (40,784,062) (34,514,951)
Income from operations 9,048,483 7,421,006
Other income (expenses):    
Interest expense (730,372) (387,263)
Interest income 16,246 95,040
Government subsidies 16,950 21,232
Foreign exchange gain (loss), net 4,293,633 532,909
Scrap sofa sale income 223,263 303,452
Sundry income (expense) 39,404 81,816
Change in fair value of derivatives and hedging instruments (753,243) (1,064,841)
Total other (expense) income, net 3,304,864 (417,655)
Income before income taxes 12,353,347 7,003,351
Income tax expense (2,329,272) (1,637,735)
NET INCOME 10,024,075 5,365,616
Net gain from related parties debt restructuring 1,460,543
Professional fees on acquisition of HTL Marketing (1,261,560)
Third Party [Member]    
Revenues, net    
 Total Revenues 170,117,861 150,461,612
Related Party [Member]    
Revenues, net    
 Total Revenues 10,656,942 5,850,497
Retail Sales [Member]    
Revenues, net    
 Total Revenues 3,382,273 2,003,351
Cost of goods sold (1,401,494) (776,807)
Gross profit 1,980,779 1,226,544
Operating expenses:    
Sales and distribution (2,404,689) (1,362,959)
General and administrative (906,968) (616,212)
Listing expenses
Total operating expenses (3,311,657) (1,979,171)
Income from operations (1,330,878) (752,627)
Other income (expenses):    
Interest expense (125,183) (93,345)
Interest income 130
Government subsidies 12,238 13,689
Foreign exchange gain (loss), net (9,647) (523)
Scrap sofa sale income
Sundry income (expense) 78,284 27,144
Change in fair value of derivatives and hedging instruments
Total other (expense) income, net (44,178) (53,035)
Income before income taxes (1,375,056) (805,662)
Income tax expense
NET INCOME (1,375,056) (805,662)
Net gain from related parties debt restructuring  
Professional fees on acquisition of HTL Marketing  
Retail Sales [Member] | Third Party [Member]    
Revenues, net    
 Total Revenues 3,382,273 2,003,351
Retail Sales [Member] | Related Party [Member]    
Revenues, net    
 Total Revenues
Export Sales [Member]    
Revenues, net    
 Total Revenues 168,009,212 148,257,093
Cost of goods sold (120,526,294) (107,820,138)
Gross profit 47,482,918 40,436,955
Operating expenses:    
Sales and distribution (28,634,760) (24,754,901)
General and administrative (8,099,908) (7,262,510)
Listing expenses
Total operating expenses (36,734,668) (32,017,411)
Income from operations 10,748,250 8,419,544
Other income (expenses):    
Interest expense (394,423) (143,112)
Interest income 15,946 94,861
Government subsidies 4,712 7,543
Foreign exchange gain (loss), net 4,292,067 532,768
Scrap sofa sale income 223,263 303,452
Sundry income (expense) 21,551 54,669
Change in fair value of derivatives and hedging instruments (753,243) (1,064,841)
Total other (expense) income, net 3,275,913 (214,660)
Income before income taxes 14,024,163 8,204,884
Income tax expense (2,310,779) (1,635,679)
NET INCOME 11,713,384 6,569,205
Net gain from related parties debt restructuring  
Professional fees on acquisition of HTL Marketing (133,960)  
Export Sales [Member] | Third Party [Member]    
Revenues, net    
 Total Revenues 166,459,189 147,484,078
Export Sales [Member] | Related Party [Member]    
Revenues, net    
 Total Revenues 1,550,023 773,015
Leather Trading [Member]    
Revenues, net    
 Total Revenues 9,383,318 6,051,665
Cost of goods sold (9,014,470) (5,779,207)
Gross profit 368,848 272,458
Operating expenses:    
Sales and distribution (52,661) (108,358)
General and administrative (3,025) (3,553)
Listing expenses
Total operating expenses (55,686) (111,911)
Income from operations 313,162 160,547
Other income (expenses):    
Interest expense (210,766) (150,806)
Interest income 170 179
Government subsidies
Foreign exchange gain (loss), net 6,215 2,176
Scrap sofa sale income
Sundry income (expense) 7 3
Change in fair value of derivatives and hedging instruments
Total other (expense) income, net (204,374) (148,448)
Income before income taxes 108,788 12,099
Income tax expense (18,493) (2,056)
NET INCOME 90,295 10,043
Net gain from related parties debt restructuring  
Professional fees on acquisition of HTL Marketing  
Leather Trading [Member] | Third Party [Member]    
Revenues, net    
 Total Revenues 276,399 974,183
Leather Trading [Member] | Related Party [Member]    
Revenues, net    
 Total Revenues 9,106,919 5,077,482
Corporate And Unallocated [Member]    
Revenues, net    
 Total Revenues
Cost of goods sold
Gross profit
Operating expenses:    
Sales and distribution
General and administrative (16,030) (95,956)
Listing expenses (666,021) (310,502)
Total operating expenses (682,051) (406,458)
Income from operations (682,051) (406,458)
Other income (expenses):    
Interest expense
Interest income
Government subsidies
Foreign exchange gain (loss), net 4,998 (1,512)
Scrap sofa sale income
Sundry income (expense) (60,438)
Change in fair value of derivatives and hedging instruments
Total other (expense) income, net 277,503 (1,512)
Income before income taxes (404,548) (407,970)
Income tax expense
NET INCOME (404,548) (407,970)
Net gain from related parties debt restructuring 1,460,543  
Professional fees on acquisition of HTL Marketing (1,127,600)  
Corporate And Unallocated [Member] | Third Party [Member]    
Revenues, net    
 Total Revenues
Corporate And Unallocated [Member] | Related Party [Member]    
Revenues, net    
 Total Revenues