v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 1,247,760 $ 2,497,504
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation of plant and equipment 459,655 337,861
Amortization of intangible assets and land-use rights 25,590 24,646
Amortization of right-of-use assets 13,916 79,648
Reversal of allowance for credit losses (912,445) (196,183)
(Reversal) provision of allowance for inventory impairment (6,381) 3,442
Changes in operating assets and liabilities:    
Accounts receivable (9,502,813) (7,789,903)
Other receivables (1,211,974) (1,118,164)
Other receivables - related parties (234,616) (5,320,208)
Inventories (2,090,725) 256,201
Prepayments (53,563) (143,308)
Accounts payables 4,199,054 7,226,428
Accrued liabilities and other payables 1,904,880 1,767,057
Lease liabilities (14,865) (85,377)
Contract liabilities 107,643 2,087,048
Taxes payable 617,806 487,558
Net cash (used in) provided by operating activities (5,451,079) 114,250
Cash flows from investing activity:    
Purchase of plant and equipment (4,416)
Net cash used in investing activity (4,416)
Cash flows from financing activity:    
Repayments of short-term bank loans (696,853) (1,118,765)
Proceeds from additional paid-in capital 5,353,931
Net cash (used in) provided by financing activity 4,657,078 (1,118,765)
Effect of exchange rate changes on cash 812,843 528,459
Net increase (decrease) in cash and cash equivalents 18,841 (480,473)
Cash and cash equivalents at beginning of period 28,654 499,745
Cash and cash equivalents at end of period 47,495 19,272
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 23,112 $ 433,913