v3.26.1
Plant, Property and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Plant, Property and Equipment, Net [Abstract]  
PLANT, PROPERTY AND EQUIPMENT, NET

NOTE 9 – PLANT, PROPERTY AND EQUIPMENT, NET  

 

Plant, property and equipment, stated at cost less accumulated depreciation, consisted of the following:  

 

    As of December 31,  
    2025     2024  
Building   $ 32,649,379     $ 28,882,829  
Machines     41,084,085       35,486,639  
Vehicles     483,836       461,813  
Electronic equipment     1,215,641       983,675  
Furniture, fixtures and equipment     338,730       327,961  
Leasehold improvements     430,022       400,264  
Subtotal     76,201,693       66,543,181  
Construction in progress     3,012,275       2,994,832  
Less:                
Accumulated depreciation     (15,268,107 )     (9,034,739 )
Plant, property and equipment, net   $ 63,945,861     $ 60,503,274  

 

Depreciation expense was $5,679,880, $4,875,028 and $3,249,396 for the fiscal years ended December 31, 2025, 2024 and 2023, respectively. There was no impairment loss on plant, property and equipment for the years ended December 31, 2025, 2024 and 2023.