v3.26.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 1,942,840 $ (1,881,635) $ 864,722
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 687,159 804,395 871,445
Amortization of right-of-use assets 37,335 73,422
Amortization of intangible assets 124,047 101,315 100,689
Allowance for current expected credit losses 124,517 38,616 52,914
(Gain) loss on disposals of property and equipment and intangible assets (16,835) 105,954 (339,117)
Share-based compensation 1,968,000
Change in inventory reserve 125,614 488 32,412
Deferred tax benefit (18,120) (31,223) (25,129)
Changes in operating assets and liabilities:      
Accounts receivable (3,246,989) 1,845 1,155,718
Notes receivable (701,686) (385,084) 57,678
Inventories 193,149 (394,565) 157,729
Prepayments and other current assets 978,924 (1,070,397) (134,308)
Other non-current assets 2,118
Due from related parties 117,210
Due to related parties 53,307 (10,417) (138,951)
Accounts payable 444,917 39,274 (1,557,271)
Accrued expenses and other payables 43,951 261,255 (310,147)
Income tax payable 143,472 810 (96,217)
Net cash provided by (used in) operating activities 878,267 (414,034) 884,917
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property and equipment (217,443) (32,506) (302,393)
Purchase of intangible assets (561,395)
Prepayments for purchase of Yingxuan Assets (1,099,783) (277,944) (1,776,529)
Proceeds from sale of property and equipment 41,740 2,779 738,607
Deposit for investment (33,350,376)
Advance to related parties (410,017) (351,924)
Repayment from related parties 423,930 346,238
Net cash used in investing activities (1,261,573) (33,311,809) (2,253,634)
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments for financing liabilities (44,763) (235,969)
Payments for finance leases (45,235) (307,637)
Advances from related parties 1,064,327 4,566,368
Repayments to related parties (1,041,097) (5,127,251)
Payments of offering costs (229,723)
Borrowings from short term loans 8,932,174 7,172,270 1,765,312
Repayments of short term loans (7,387,826) (6,866,531) (1,883,941)
Borrowings from long term loans 416,916 4,660,425
Repayments of long term loans (288,596) (147,310) (11,199,141)
Proceeds from initial public offering, net of costs 7,228,964
Proceeds from exercise of option, net of costs 1,144,687
Proceeds from private placement 33,000,000
Net cash provided by financing activities 1,255,752 33,508,577 382,094
Effect of exchange rate changes 87,935 326,383 (311,747)
Net increase (decrease) in cash and cash equivalents and restricted cash 960,381 109,117 (1,298,370)
Cash and cash equivalents and restricted cash, beginning of year 924,786 815,669 2,114,039
Cash and cash equivalents and restricted cash, end of year 1,885,167 924,786 815,669
Cash and cash equivalents 1,811,149 909,716 775,686
Restricted cash 74,018 15,070 39,983
Cash and cash equivalents and restricted cash, end of year 1,885,167 924,786 815,669
Cash paid during the year for:      
Income taxes 90,294 38,805 374,487
Interest paid 354,567 599,524 650,803
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Property, plant and equipment acquired in exchange of notes receivable 219,117 87,477
Property, plant and equipment acquired and applied from prepayments 17,116 80,654
Right-of-use assets transferred to property and equipment upon exercise of purchase option $ 626,414 $ 508,617