LONG-TERM LOAN (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| LONG-TERM LOAN |
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| Schedule of long-term debt |
| | | | | | | | | As of December 31, | | | 2025 | | 2024 | Financial liabilities | | $ | 2,009,440 | | $ | 1,570,298 | Less: current portions | | | (1,907,736) | | | (867,772) | Long-term Financial liabilities | | | 101,704 | | | 702,526 | Long-term Bank borrowings | | | 6,713,850 | | | 2,740,000 | Less: Long-term Bank borrowings – current portions | | | (729,300) | | | — | Total long-term loan | | $ | 6,086,254 | | $ | 3,442,526 |
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| Schedule of long-term bank loans |
Long-term bank loans as of December 31, 2025 consisted of the following: | | | | | | | | | | | | | | | | | | | Guarantors/ | | Effective | | Issuance | | Expiration | | Amount- | | | Lender | | Company | | Collateral | | Interest Rate | | Date | | Date | | RMB | | Amount-US$ | Bank of China | | Baide Suzhou | | Nanjing Changcheng/ Baide capital | | 3.10 | % | December 18, 2024 | | December 17, 2027 | | 18,000,000 | | 2,574,000 | Bank of China | | Nanjing Changcheng | | Baide Suzhou | | 2.80 | % | June 12, 2025 | | June 11, 2027 | | 9,950,000 | | 1,422,850 | SPD Bank | | Baide Suzhou | | N/A | | 2.90 | % | March 31,2025 | | March 30,2028 | | 9,500,000 | | 1,358,500 | SPD Bank | | Baide Suzhou | | N/A | | 2.90 | % | April 14,2025 | | March 30,2028 | | 9,500,000 | | 1,358,500 |
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| Schedule of long-term debt maturities |
Future loan payments under long-term loan as of December 31, 2025 were as follows: | | | | Years ending December 31, | | | | 2026 Financial liabilities payment | | $ | 1,989,320 | 2027 Financial liabilities payment | | | 101,999 | Total Financial liabilities payments | | $ | 2,091,319 | Less: Financial liabilities imputed interest | | | (81,879) | Total Financial liabilities payment | | $ | 2,009,440 | Less: Financial liabilities - long term portions | | | (101,704) | Financial liabilities payment – current portions | | $ | 1,907,736 | | | | | Years ending December 31, | | | | 2026 Long-term Bank borrowings repayment | | | 729,300 | 2027 Long-term Bank borrowings repayment | | | 4,983,550 | 2028 Long-term Bank borrowings repayment | | | 1,001,000 | Total Long-term Bank borrowings | | $ | 6,713,850 | Less: Long-term Bank borrowings - long term portions | | | (5,984,550) | Long-term Bank borrowings – current portions | | $ | 729,300 |
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