NOTE 9 – LAND USE RIGHTS Land use rights consisted of the following: | | | As of | | | | | June 30,
2026 | | | December 31,
2025 | | | Land use rights, cost | | $ | 4,534,436 | | | $ | 4,399,566 | | | Less: Accumulated amortization | | | (1,152,657 | ) | | | (1,074,378 | ) | | Land use rights, net | | $ | 3,381,779 | | | $ | 3,325,188 | | Estimated future amortization expense is as follows as of June 30, 2026: | Years ending June 30, | | Amortization
expense | | | 2027 | | $ | 89,667 | | | 2028 | | | 89,667 | | | 2029 | | | 89,667 | | | 2030 | | | 89,667 | | | 2031 | | | 89,667 | | | Thereafter | | | 2,933,444 | | | Total | | $ | 3,381,779 | |
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