v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash $ 120,518,189 $ 118,363,448
Accounts receivable, net 11,059,940 6,505,038
Inventories 29,060 45,202
Prepaid expenses and other current assets 1,116,411 1,189,616
TOTAL CURRENT ASSETS 132,723,600 126,103,304
Property, plant and equipment, net 9,008,142 8,885,976
Land use right, net 542,910 544,118
Operating right-of-use assets 370,689 521,454
Deferred tax assets, net 71,201 71,223
Long-term prepayment 4,573,164 4,510,973
TOTAL ASSETS 147,289,706 140,637,048
CURRENT LIABILITIES    
Accounts payable 937,337 1,063,759
Income tax payable 1,202,262
Accrued expenses and other current liabilities 1,285,170 1,372,047
Operating lease liabilities 370,689 521,454
TOTAL CURRENT LIABILITIES 4,116,768 3,243,571
TOTAL LIABILITIES 4,116,768 3,243,571
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 65,000,000 shares authorized, 11,931,534 and 11,931,534 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 11,932 11,932
Additional paid in capital 52,501,680 52,501,680
Statutory reserve 8,073,968 8,073,968
Retained earnings 85,656,190 81,789,884
Accumulated other comprehensive loss (3,070,832) (4,983,987)
TOTAL STOCKHOLDERS’ EQUITY 143,172,938 137,393,477
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 147,289,706 140,637,048
Related Party    
CURRENT LIABILITIES    
Due to a related party $ 321,310 $ 286,311