v3.26.1
Restatement - Schedule of statement of operations income (loss) (Details) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
NET REVENUE $ 7,661,010 $ 30,043,790
OPERATING EXPENSES    
Cost of revenues (14,746,741) (28,089,953)
Sales and marketing expenses (46,264) (59,055)
Direct labor and factory overheads incurred during plant shutdown (8,880,643) (9,544,675)
General and administrative expenses (6,235,931) (4,240,832)
TOTAL OPERATING COSTS AND EXPENSE (29,909,579) (41,934,515)
LOSS FROM OPERATIONS (22,248,569) (11,890,725)
OTHER EXPENSES    
Interest expense (91,901) (105,209)
Interest income 80,258 250,128
Expenditure on water pollution treatment (46,510,856)
LOSS BEFORE INCOME TAXES (58,252,190) (58,256,662)
INCOME TAX EXPENSE (1,648,182) (3,538,617)
NET LOSS (59,900,372) (61,795,279)
OTHER COMPREHENSIVE (LOSS) INCOME    
- Foreign currency translation adjustments (2,730,049) (5,025,980)
TOTAL COMPREHENSIVE LOSS $ (62,630,421) $ (66,821,259)
BASIC LOSS PER SHARE $ (54.88) $ (58.16)
DILUTED LOSS PER SHARE $ (54.88) $ (58.16)
BASIC WEIGHTED AVERAGE NUMBER OF SHARES 1,091,562 1,062,466
DILUTED WEIGHTED AVERAGE NUMBER OF SHARES 1,091,562 1,062,466
Other expenses, net $ (50,470) $ 0
Loss on disposal of property, plant and equipment (29,169,008)
Impairment of property, plant and equipment (6,772,500)
TOTAL OTHER EXPENSES (62,113) 144,919
TOTAL EXPENSES 29,909,579 41,934,515
As Previously Reported    
OPERATING EXPENSES    
General and administrative expenses (742,480)  
TOTAL OPERATING COSTS AND EXPENSE 742,480  
OTHER EXPENSES    
Interest expense  
NET LOSS (58,935,452)  
OTHER COMPREHENSIVE (LOSS) INCOME    
TOTAL OPERATING EXPENSES (742,480)  
TOTAL OTHER EXPENSES  
TOTAL EXPENSES (742,480)  
Equity in net loss of subsidiaries (58,192,972)  
LOSS BEFORE INCOME TAXES (58,935,452)  
INCOME TAXES  
Restatement    
OPERATING EXPENSES    
General and administrative expenses  
TOTAL OPERATING COSTS AND EXPENSE  
OTHER EXPENSES    
Interest expense  
NET LOSS (964,920)  
OTHER COMPREHENSIVE (LOSS) INCOME    
TOTAL OPERATING EXPENSES  
TOTAL OTHER EXPENSES  
TOTAL EXPENSES  
Equity in net loss of subsidiaries (964,920)  
LOSS BEFORE INCOME TAXES (964,920)  
INCOME TAXES  
Parent Company    
OPERATING EXPENSES    
General and administrative expenses (742,480) (780,379)
TOTAL OPERATING COSTS AND EXPENSE 742,480 780,379
OTHER EXPENSES    
Interest expense
NET LOSS (59,900,372) (61,795,279)
OTHER COMPREHENSIVE (LOSS) INCOME    
TOTAL OPERATING EXPENSES (742,480) (780,379)
TOTAL OTHER EXPENSES
TOTAL EXPENSES (742,480) (780,379)
Equity in net loss of subsidiaries (59,157,892) (61,014,900)
LOSS BEFORE INCOME TAXES (59,900,372) (61,795,279)
INCOME TAXES
As Previously Reported    
NET REVENUE 7,661,010 30,043,790
OPERATING EXPENSES    
Cost of revenues (14,746,741) (28,089,953)
Sales and marketing expenses (46,264) (59,055)
Direct labor and factory overheads incurred during plant shutdown (8,880,643) (9,544,675)
General and administrative expenses (5,271,011) (4,240,832)
TOTAL OPERATING COSTS AND EXPENSE (28,944,659) (41,934,515)
LOSS FROM OPERATIONS (21,283,649) (11,890,725)
OTHER EXPENSES    
Interest expense (91,901) (105,209)
Interest income 80,258 250,128
Expenditure on water pollution treatment   (46,510,856)
LOSS BEFORE INCOME TAXES (57,287,270) (58,256,662)
INCOME TAX EXPENSE (1,648,182) (3,538,617)
NET LOSS (58,935,452) (61,795,279)
OTHER COMPREHENSIVE (LOSS) INCOME    
- Foreign currency translation adjustments (2,800,874) (5,025,980)
TOTAL COMPREHENSIVE LOSS $ (61,736,326) $ (66,821,259)
BASIC LOSS PER SHARE $ (5.49) $ (5.92)
DILUTED LOSS PER SHARE $ (5.49) $ (5.92)
BASIC WEIGHTED AVERAGE NUMBER OF SHARES 10,726,924 10,435,965
DILUTED WEIGHTED AVERAGE NUMBER OF SHARES 10,726,924 10,435,965
Other expenses, net $ (50,470)  
Loss on disposal of property, plant and equipment (29,169,008)
Impairment of property, plant and equipment (6,772,500)  
TOTAL EXPENSES 28,944,659 41,934,515
As Previously Reported | Parent Company    
OTHER EXPENSES    
NET LOSS (58,935,452)  
Restatement    
NET REVENUE
OPERATING EXPENSES    
Cost of revenues
Sales and marketing expenses
Direct labor and factory overheads incurred during plant shutdown
General and administrative expenses (964,920)
TOTAL OPERATING COSTS AND EXPENSE (964,920)
LOSS FROM OPERATIONS (964,920)
OTHER EXPENSES    
Interest expense
Interest income
Expenditure on water pollution treatment  
LOSS BEFORE INCOME TAXES (964,920)
INCOME TAX EXPENSE
NET LOSS (964,920)
OTHER COMPREHENSIVE (LOSS) INCOME    
- Foreign currency translation adjustments 70,825
TOTAL COMPREHENSIVE LOSS $ (894,095)
BASIC LOSS PER SHARE $ (49.39) $ (52.24)
DILUTED LOSS PER SHARE $ (49.39) $ (52.24)
BASIC WEIGHTED AVERAGE NUMBER OF SHARES (9,635,362) (9,373,499)
DILUTED WEIGHTED AVERAGE NUMBER OF SHARES (9,635,362) (9,373,499)
Other expenses, net  
Loss on disposal of property, plant and equipment
Impairment of property, plant and equipment  
TOTAL EXPENSES 964,920
Restatement | Parent Company    
OTHER EXPENSES    
NET LOSS $ (964,920)