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 5 — PROPERTY, PLANT AND EQUIPMENT, NET

 

   March 31, 2026  

December 31,

2025

 
Buildings  $12,485   $12,315 
Machinery and equipment   8,118    8,008 
Vehicles   42,448    41,871 
Construction in progress   8,985,587    8,863,391 
Sub total   9,048,639    8,925,585 
Less: accumulated depreciation   (40,497)   (39,609)
Property, plant and equipment, net  $9,008,142    8,885,976)

 

Depreciation expense was $340 and $2,471 for the three-month period ended March 31, 2026 and 2025, respectively

 

As of March 31, 2026, the Company had commitment of RMB7.3 million (equivalent to $1.06 million) for construction in progress of our new facility.