v3.26.1
Consolidated Balance Sheets
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Current assets:    
Cash and cash equivalents $ 184,856 $ 532,605
Restricted cash 251,932 792,204
Accounts receivable, net 13,582,352 12,037,136
Accounts receivable, related parties 3,178,800 1,314,332
Inventories 9,725,561 8,836,815
Advance to suppliers 6,205,921 9,437,740
Advance to suppliers, related parties 1,284,785 0
Other receivables 153,832 139,505
Other receivables, related parties 14,300 0
Short-term investment 4,537,044 0
Other current assets 4,244,137  
Total current assets 43,363,520 33,090,337
Property, plant and equipment, net 7,102,555 2,157,214
Intangible assets, net 2,678,447 61,972
Right-of-use assets 6,032,330 6,457,903
Deferred tax assets 78,033 100,994
Long-term investment 193,453 410,998
Other non-current assets 0 3,753,785
TOTAL ASSETS 59,448,338 46,033,203
Current liabilities:    
Short-term borrowings 8,293,890 1,055,828
Accounts payable 6,097,560 8,335,266
Accounts payable, related parties 132,136 0
Accrued expenses and other current liabilities 1,191,559 822,014
Advances from customers 1,573,763 628,067
Long-term loans – current portion 778,103 161,529
Tax payable 929,213 1,021,395
Total current liabilities: 20,773,112 15,534,264
Long-term loans 3,409,358 3,913,204
TOTAL LIABILITIES 24,182,470 19,447,468
COMMITMENTS AND CONTINGENCIES 0 0
Shareholders’ Equity:    
Additional paid-in capital 27,837,444 18,641,264
Statutory reserve 1,244,717 1,123,204
Retained earnings 6,549,754 8,061,204
Accumulated other comprehensive loss (385,736) (1,244,996)
Total Shareholders’ equity 35,265,868 26,585,735
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 59,448,338 46,033,203
Related Party    
Current liabilities:    
Due to related parties 1,776,888 3,510,165
Class A Ordinary Shares    
Shareholders’ Equity:    
Ordinary shares value [1] 18,789 4,959
Class B Ordinary Shares    
Shareholders’ Equity:    
Ordinary shares value [1] $ 900 $ 100
[1] All share and per-share amounts related to the Company’s ordinary shares presented in the consolidated financial statements have been retroactively adjusted to reflect the 1-for-10 reverse stock split, or share consolidation, which became effective on April 20, 2026.