v3.26.1
Property, Plant and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT, NET

 

(a) As of March 31, 2026 and December 31, 2025, property, plant and equipment consisted of the following:

 

   As of 
   March 31, 2026   December 31,
2025		 
Buildings  $11,779,891   $11,619,695 
Machinery   23,965,309    23,471,775 
Motor vehicles   347,658    342,931 
Electronic equipment   294,970    289,246 
Total property plant and equipment, at cost   36,387,828    35,723,647 
           
Less: accumulated depreciation   (24,641,585)   (23,834,500)
Property, plant and equipment, net  $11,746,243   $11,889,147 

   

For the three months ended March 31, 2026 and 2025, depreciation expense amounted to $0.48 million and $0.47 million, respectively, of which $0.31 million and $0.27 million, respectively, was included in cost of revenue and inventories, and the remainder was included in general and administrative expense, respectively.

 

For the three months ended March 31, 2026 and 2025, nil and nil of construction-in-progress was converted into property, plant and equipment.