v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net income $ (1,389,937) $ (1,115,977) $ 1,218,714
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 574,142 431,921 388,002
Loss on asset disposal 241 0 0
Deferred tax assets 26,642 (70,346) 0
Accounts receivable provision 122,847 224,534 36,972
Advance to suppliers impairment provision 379,480 111,882 0
Inventory impairment (reversal)/provision (368,693) 295,907 81,621
Imputed interest expenses 0 0 17,755
Loss on long-term investment 229,170 0 0
Right of use lease assets amortization 689,181 689,922 514,691
Changes in operating assets and liabilities:      
Accounts receivable (1,515,112) (6,261,153) 3,395,976
Accounts receivable, related parties (1,758,046) (1,333,255) 0
Inventory (119,552) (2,297,437) (1,091,117)
Advance to suppliers 3,133,282 (6,947,539) (1,250,467)
Advance to suppliers, related parties (1,250,036) 0 0
Prepaid expenses 0 0 (25,000)
Other receivables (101,658) (19,561) (79,876)
Other receivables, related parties (13,913)    
Loan receivable 0 0 163,821
Other current assets (4,129,347) 0 0
Other non-current assets 3,812,174 0 0
Accounts payable (2,532,280) 2,644,525 1,085,320
Accounts payable, related parties 128,562 0 0
Accrued expenses and other current liabilities 156,410 (2,498,165) 2,361,121
Advances from customers 893,482 284,372 (334,225)
Tax payable (133,201) (16,269) 246,425
Net cash (used in) provided by operating activities (3,166,162) (15,876,639) 6,729,734
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (5,239,108) (517,813) (684,210)
Purchases of intangible assets (2,598,025) (37,082) (25,689)
Short-term investment (4,537,044) 0 0
Long-term investment   (416,916) 0
Fixed deposit   0 (3,869,565)
Advance for potential long-term warehouse lease   0 (1,000,000)
Advance for potential land purchase   0 4,201,354
Net cash used in investing activities (12,374,177) (971,811) (1,378,110)
Cash Flows from Financing Activities:      
Proceeds from short-term borrowings 10,260,899 1,310,576 4,236,750
Repayments on short-term borrowings (3,263,585) (309,032) (10,231,750)
Proceeds from related parties 7,403,348 11,725,864 16,968,314
Repayments to related parties (9,338,647) (10,410,643) (15,064,679)
Proceeds from share issuance 9,272,500 0 0
Proceeds from private placement 0 8,000,000 0
Proceeds from long-term loan 4,390,957 3,846,742 6,729,469
Repayments on long-term loan (4,454,868) (1,782,400) (9,075,497)
Net cash provided by (used in) financing activities 14,270,604 12,381,107 (6,437,393)
Effect of exchange rate changes on cash 381,714 (86,282) (103,044)
Net decrease in cash and cash equivalents (888,021) (4,553,625) (1,188,813)
Cash and cash equivalents at the beginning of year 1,324,809 5,878,434 7,067,247
Cash and cash equivalents at the end of year 436,788 1,324,809 5,878,434
Cash and cash equivalents 184,856 532,605 5,877,372
Restricted cash 251,932 792,204 1,062
Cash and cash equivalents at the end of year 436,788 1,324,809 5,878,434
Supplemental disclosures of cash flows information:      
Cash paid for income taxes 12,386 178,694 0
Cash paid for interest $ 279,683 $ 148,335 $ 410,922