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srt:ParentCompanyMember srt:RestatementAdjustmentMember 2023-12-31 0000885462 srt:ParentCompanyMember 2023-12-31 0000885462 srt:ParentCompanyMember 2025-12-31 0000885462 srt:ParentCompanyMember 2025-01-01 2025-12-31 iso4217:USD shares iso4217:USD shares pure utr:sqkm false FY 2025 0000885462 SD P10Y P50Y 10-K true 2025-12-31 --12-31 false 001-34499 Gulf Resources Inc. NV 13-3637458 Level 11 Vegetable Building Industrial Park of the East Shouguang CN 262700 86 536 567-0008 Common Stock, $0.0005 par value GURE NASDAQ No No Yes Yes Non-accelerated Filer true false false false false 6800000 1813531 None <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 29.3pt">The purpose of our cybersecurity program is to assess, identify, manage and mitigate cybersecurity risk while supporting the achievement of our business objectives. Under our comprehensive risk management program, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90F_ecyd--CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250101__20251231_zNGUp7DERgub">the Board of Directors of the Company maintains oversight of the most significant risks facing the Company, including cybersecurity risks, while senior management is responsible for the identification and prioritization of risks that are material to our business, corresponding risk-mitigation efforts and day-to-day management of our risk management program. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_906_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock_c20250101__20251231_zBoLjif4SP4g">The full <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250101__20251231_zX9qPDkrTjQk">Board of Directors</span> retains oversight over management’s cybersecurity efforts. At least annually, and often more frequently, our Board of Directors receives cybersecurity briefings from senior executives, including, when appropriate, executives focused on cybersecurity matters.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_98E_ecyd--CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250101__20251231_zyX5lEftKHQd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 29.3pt">Our companywide cybersecurity policy sets the framework for our approach to cybersecurity. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_900_ecyd--CybersecurityRiskRoleOfManagementTextBlock_c20250101__20251231_zXu4kVfx1Tyf">Each business unit and our corporate headquarters designate individuals with appropriate qualifications and experience to be responsible for addressing cybersecurity matters, including assessing, identifying and managing risks from cybersecurity threats, with a direct reporting line to senior management. Under our approach to cybersecurity, each business unit designs and operates its own information and cybersecurity program tailored to its market, customer requirements, regulatory requirements and threats. Our cybersecurity policy and procedures are designed to ensure senior management receives timely and adequate information regarding cybersecurity matters, including threats and incident response, as appropriate to the matter.</span> Our policies and procedures are also designed to oversee and identify material cybersecurity risks related to third-party vendors and service providers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 24.35pt"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag_dbT_c20250101__20251231_zbZFkSXRhIFj">As part of our approach to cyber risk management, we regularly perform internal audits of internal processes and controls relating to cybersecurity. From time to time, as appropriate under our overall cybersecurity program, we engage third-party experts to support the assessment of cyber related risks, including to conduct cyber penetration testing.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 24.35pt"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_909_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock_c20250101__20251231_zF1khdFmEG2e">To its knowledge, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90B_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbT_c20250101__20251231_zlfuzbGFpYql">the Company has not experienced a material cybersecurity breach within the last three years, nor identified any risks from cybersecurity threats that have materially affected us, including our business strategy, results of operations or financial condition.</span></span></p> the Board of Directors of the Company maintains oversight of the most significant risks facing the Company, including cybersecurity risks, while senior management is responsible for the identification and prioritization of risks that are material to our business, corresponding risk-mitigation efforts and day-to-day management of our risk management program. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_906_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock_c20250101__20251231_zBoLjif4SP4g">The full <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250101__20251231_zX9qPDkrTjQk">Board of Directors</span> retains oversight over management’s cybersecurity efforts. At least annually, and often more frequently, our Board of Directors receives cybersecurity briefings from senior executives, including, when appropriate, executives focused on cybersecurity matters.</span> The full <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20250101__20251231_zX9qPDkrTjQk">Board of Directors</span> retains oversight over management’s cybersecurity efforts. At least annually, and often more frequently, our Board of Directors receives cybersecurity briefings from senior executives, including, when appropriate, executives focused on cybersecurity matters. true Our companywide cybersecurity policy sets the framework for our approach to cybersecurity. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_900_ecyd--CybersecurityRiskRoleOfManagementTextBlock_c20250101__20251231_zXu4kVfx1Tyf">Each business unit and our corporate headquarters designate individuals with appropriate qualifications and experience to be responsible for addressing cybersecurity matters, including assessing, identifying and managing risks from cybersecurity threats, with a direct reporting line to senior management. Under our approach to cybersecurity, each business unit designs and operates its own information and cybersecurity program tailored to its market, customer requirements, regulatory requirements and threats. Our cybersecurity policy and procedures are designed to ensure senior management receives timely and adequate information regarding cybersecurity matters, including threats and incident response, as appropriate to the matter.</span> Our policies and procedures are also designed to oversee and identify material cybersecurity risks related to third-party vendors and service providers. Each business unit and our corporate headquarters designate individuals with appropriate qualifications and experience to be responsible for addressing cybersecurity matters, including assessing, identifying and managing risks from cybersecurity threats, with a direct reporting line to senior management. Under our approach to cybersecurity, each business unit designs and operates its own information and cybersecurity program tailored to its market, customer requirements, regulatory requirements and threats. Our cybersecurity policy and procedures are designed to ensure senior management receives timely and adequate information regarding cybersecurity matters, including threats and incident response, as appropriate to the matter. true To its knowledge, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90B_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbT_c20250101__20251231_zlfuzbGFpYql">the Company has not experienced a material cybersecurity breach within the last three years, nor identified any risks from cybersecurity threats that have materially affected us, including our business strategy, results of operations or financial condition.</span> true GGF CPA LTD Guangzhou, Guangdong, China 2729 3793 10075162 3269420 564523 562817 315371 3940045 6376656 22763 25040 16771928 94074 24570766 17450826 61944100 89431050 41140331 45155288 5669794 6169855 406819 9615269 109161044 150371462 133731810 167822288 2845400 1882367 6445277 499688 365499 113999 1896831 2584808 228918 3342293 523847 491850 8242550 12978227 5175628 5089884 6491100 6941602 2344610 14011338 12031486 22253888 25009713 0.001 0.001 1000000 1000000 0 0 0.0005 80000000 1568114 1120145 1539531 1091562 784 560 28583 28583 1372673 1372673 105927142 101712325 194700 -7526347 36393884 26667097 26667097 -12218081 -20783318 111477922 142812575 133731810 167822288 25418335 7661010 23257971 14746741 49927 46264 5098990 8880643 5580071 6235931 33986959 29909579 -8568624 -22248569 372642 91901 427403 80258 -4003497 -50470 30068794 6772500 -2008853 -29169008 674776 -43920231 -58252190 1648182 -43920231 -59900372 -43920231 -59900372 2677801 -2730049 -41242430 -62630421 -32.95 -32.95 -54.88 -54.88 1332954 1332954 1332954 1091562 1091562 1091562 1120145 1091562 28583 560 -1372673 101712325 96294256 26667097 -18053269 205248296 194700 194700 -2730049 -2730049 -59900372 -59900372 1120145 1091562 28583 560 -1372673 194700 101712325 36393884 26667097 -20783318 142812575 1120145 1091562 28583 560 -1372673 194700 101712325 36393884 26667097 -20783318 142812575 242000 242000 121 -194700 1125379 930800 205969 205969 103 3089438 3089541 2677801 2677801 5887436 5887436 -43920231 -43920231 1568114 1539531 28583 784 -1372673 105927142 -7526347 26667097 -12218081 111477922 -43920231 -59900372 239508 200025 13137016 15819827 1632978 930800 194700 -13735 1669002 293586 989035 -30068794 -6772500 875201 877809 3124602 3045602 4017859 -2008853 -29169008 674776 192066 2635370 -4264140 530033 733302 -1042593 -248817 -42471 -93518 87515 460716 -2191652 302423 -357954 -826761 -894351 7802497 675826 8848156 28923642 2800 25275 207604 13934085 -22571837 -28948917 2307186 2799983 262778 31866665 14854 4844391 -31851811 -146420 -2023830 -10071369 -62148732 10075162 72223894 3793 10075162 2343895 1520292 466720 200025 <p id="xdx_80A_eus-gaap--BasisOfPresentationAndSignificantAccountingPoliciesTextBlock_zB2GTfXY1cY4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 1 – <span id="xdx_822_zuyW7HHhFGu">NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></p> <p id="xdx_84F_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zJajT6GeUYJ3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(a)</td><td><span id="xdx_86A_z2pw0kQgwuP8">Basis of Presentation and Consolidation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The accompanying audited consolidated financial statements have been prepared by Gulf Resources, Inc. (“Gulf Resources”). a Nevada corporation and its subsidiaries (collectively, the “Company”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The consolidated financial statements include the accounts of Gulf Resources, Inc. and its wholly-owned subsidiary, Upper Class Group Limited, a company incorporated in the British Virgin Islands, which owns 100% of Hong Kong Jiaxing Industrial Limited, a company incorporated in Hong Kong (“HKJI”). HKJI owns 100% of Shouguang City Haoyuan Chemical Company Limited (“SCHC”) which owns 100% of Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”) ,Daying County Haoyuan Chemical Company Limited (“DCHC”) and Shouguang Hengde Salt Industry Co. Ltd. (“SHSI”). All material intercompany transactions have been eliminated on consolidation. </p> <p id="xdx_845_ecustom--NatureOfTheBusinessPolicyTextBlock_zUI6nyBUO5e3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(b)</td><td><span id="xdx_86C_zIV8YlAQgnY7">Nature of Business</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company manufactures and trades bromine through its wholly-owned subsidiary, Shouguang City Haoyuan Chemical Company Limited (“SCHC”); manufactures and trades crude salt through its wholly owned subsidiary, SHSI; and manufactures chemical products for use in the oil industry, pesticides, paper manufacturing industry and for human and animal antibiotics through its wholly- owned subsidiary, Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”) in the People’s Republic of China (“PRC”). DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in the PRC. DCHC’s business commenced trial operation in January 2019 but suspended production temporarily in May 2019 as required by the government to obtain project approval (see Note 1 (c)(iii)).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(i)</td><td>Bromine and Crude Salt Segments</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">In February 2019, the Company received a notification from the local government of Yangkou County that its Factory No. 1, No. 4, No. 7 and No. 9 passed inspection and could resume operations. In April 2019, Factory No.1, and Factory No.7 resumed operation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On November 25, 2019, the government of Shouguang City issued a notice ordering all bromine facilities in Shouguang City, including the Company’s bromine facilities, including Factory No. 1 and Factory No. 7, to temporarily stop production from December 16, 2019 to February 10, 2020. Subsequently, due to the coronavirus outbreak in China, the local government ordered those bromine facilities to postpone the commencement of production. Subsequently, the Company received an approval dated February 27, 2020 issued by the local governmental authority allowing the Company to resume production after the winter temporary closure. Further, the Company received another approval from the Shouguang Yangkou People’s Government dated March 5, 2020 allowing the Company to resume production at its bromine factories No. 1, No. 4, No.7 and No. 9 in order to meet the needs of bromide products for epidemic prevention and control (the “March 2020 Approval”). The Company’s Factories No. 1 and No. 7 commenced trial production in mid-March 2020 and commercial production on April 3, 2020 and its Factories No. 4 and No. 9 commenced commercial production on May 6, 2020. The Company received verbal notification from the government regarding Factory No. 8, allowing it to recommence production in August 2022. Factory No. 8 began contributing revenue in the fourth quarter 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company is awaiting governmental approval for Factories No. 2 and No. 10. To our knowledge, the government is finalizing plans for all mining areas, including flood prevention measures. As a result, we may be required to make certain modifications to our existing wells and aqueducts prior to commencement of operations of these factories in order to satisfy the local government's requirements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Pursuant to the notification from the government of Shouguang City, all bromine facilities in Shouguang City were temporarily closed from December 10, 2022 until February 1, 2023 8:00 AM China Time. To comply with such notification, the Company had temporarily stopped production at its bromine facilities during the aforesaid period and reopened the operating bromine and crude salt factories in February, 2023 as planned.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">In April 2022, Shouguang Hengde Salt Industry Co. Ltd, our subsidiary, was incorporated in Shandong Province, China, for crude salt production and trading. This subsidiary was created in response to a new government policy that required bromine and crude salt companies to have separate registrations. The creation of this subsidiary and the separation of bromine and crude salt does not impact sales or overall profits. However, the establishment of this subsidiary has resulting in a reallocation of costs between bromine and crude salt.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(ii)</td><td>Chemical Segment</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On November 24, 2017, the Company received a letter from the Government of Yangkou County, Shouguang City notifying the Company to relocate its two chemical production plants located in the second living area of the Qinghe Oil Extraction to the Bohai Marine Fine Chemical Industrial Park (“Bohai Park”). This is because the two plants are located in a residential area and their production activities will impact the living environment of the residents. This is as a result of the country’s effort to improve the development of the chemical industry, manage safe production and curb environmental pollution accidents effectively, and ensure the quality of the living environment of residents. All chemical enterprises which do not comply with the requirements of the safety and environmental protection regulations will be ordered to shut down.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In December 2017, the Company secured from the government the land use rights for its chemical plants located at the Bohai Park and in June 2018, the Company presented a completed construction design draft and other related documents to the local authorities for approval. In January 2020, the Company received the environmental protection approval by the government of Shouguang City, Shandong Province for the proposed Yuxin Chemical factory. The Company began the construction on its new chemical facilities located at Bohai Marine Fine Chemical Industrial Park in June 2020 and basically completed the civil works by the end of June 2021. On November 15, 2021, the Company announced that due to the supply chain issues as well as the electric restrictions in China, the delivery of some equipment, the equipment installation and testing and beginning trial production at the chemical factory had been delayed. On February 22, 2022, the Company announced that discussions with the government have convinced management that the electricity restrictions are being eased. Accordingly, the Company has contacted its suppliers and will have the remainder of the equipment produced and delivered, so the Company can complete installation and begin testing and trial production.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company believes this relocation process will cost approximately $<span id="xdx_900_ecustom--RelocationProcessCostApproximate_iI_pn3n3_dm_c20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zaZsie7NkbK3" title="Approximate cost of relocation">69</span> million in total. The Company incurred relocation costs comprising prepaid land lease, professional fees related to the design of the new chemical factory, and progress payments and deposits for the construction of the new factory building in the amount of $<span id="xdx_903_ecustom--PropertyPlantAndEquipmentCapitalizedCosts_c20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_pp0p" title="Relocation costs">45,584,344</span> and $<span id="xdx_908_ecustom--PropertyPlantAndEquipmentCapitalizedCosts_iI_pp0d_c20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_z3WmTiR16Ddl" title="Relocation costs">45,584,344</span>, which were recorded in the prepaid land leases, prepayments and deposits and property, plant and equipment in the consolidated balance sheets as of December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On December 10, 2025, SCHC entered into an equity transfer agreement with Shandong Rongyuan Pharmaceutical Co., Ltd. and SYCI. Pursuant to the agreement, Shandong Rongyuan Pharmaceutical Co., Ltd. agreed to purchase <span id="xdx_90D_ecustom--EquityInterestOwnership_iI_c20251210__srt--CounterpartyNameAxis__custom--ShandongRngyuanPharmaceuticalCoLtdMember_zQk1WrUZmnUl" title="Equity interest">100%</span> of the equity interest in SYCI for an aggregate consideration of RMB 21.2 million (US$ 2,999,304). The transaction was completed on December 22, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(iii)</td><td>Natural Gas Segment</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In January 2017, the Company completed the first brine water and natural gas well field construction in Daying located in Sichuan Province, China, and commenced trial production in January 2019. On May 29, 2019, the Company received a verbal notice from the government of Tianbao Town, Daying County, Sichuan Province, whereby the Company is required to obtain project approval for its well located in Daying, including the whole natural gas and brine water project, and approvals for safety production inspection, environmental protection assessment, and to solve the related land issue. Until these approvals have been received, the Company has to temporarily halt trial production at its natural gas well in Daying. In compliance with the Chinese government new policies, the Company is also required to obtain an exploration license and a mining license for bromine and natural gas, respectively. Pursuant to the Opinions of the Ministry of Natural Resources on Several Issues in Promoting the Reform of Mineral Resources Management (Trial) promulgated by the Ministry of Natural Resources of PRC on January 9, 2020, which came into effect on May 1, 2020, privately owned enterprises are allowed to participate in the natural gas production. The Company plans to proceed with its applications for the natural gas and brine project approvals with related government departments until the governmental planning has been finalized.</p> <p id="xdx_849_eus-gaap--UseOfEstimates_zSPBZezDeFm3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(c)</td><td><span id="xdx_86E_zKKluPIr0KLj">Use of Estimates</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and this requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. The most significant accounting estimates with regard to these consolidated financial statements that require the most significant and subjective judgments include, but are not limited to, useful lives of property, plant and equipment, recoverability of long-lived assets, determination of impairment losses, assessment of market value of inventories and provision for inventory obsolescence, allowance for doubtful accounts, recognition and measurement of deferred income taxes, valuation allowance for deferred tax assets, and assumptions used for the valuation of share based payments. Accordingly, actual results may differ significantly from these estimates under different assumptions or conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p id="xdx_84A_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_z2r1AcIJoJ5h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(d)</td><td><span id="xdx_86F_zwbH9Zimh8c6">Cash and Cash Equivalents</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Cash and cash equivalents consist of all cash balances and highly liquid investments with original maturities of three months or less. Because of short maturity of these investments, the carrying amounts approximate their fair values.</p> <p id="xdx_844_eus-gaap--ReceivablesPolicyTextBlock_ziIr8199Xfwi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(e)</td><td><span id="xdx_86A_zCoP1a1lKrQe">Accounts receivable and Allowance for Doubtful Accounts</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Accounts receivable is stated at cost, net of allowance for doubtful accounts. The normal credit term extended to customers ranges between 90 and 180 days. The company reviews all receivables that exceed the term. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade and other receivables. A considerable amount of judgment is required in assessing the amount of allowance and the Company considers the historical level of credit losses. The Company makes judgments about the credit worthiness of each customer based on ongoing credit evaluations, and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customer begins to deteriorate, resulting in their inability to make payments within credit term provided, an allowance may be required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As of December 31, 2025 and December 31, 2024, the provision for doubtful debts was $<span id="xdx_90E_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20251231_pp0p" title="Provision for doubtful accounts">16,430</span> and $<span id="xdx_90D_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20241231_pp0p" title="Provision for doubtful accounts">29,711</span>. The reversal for doubtful accounts in the consolidated statements of comprehensive income (loss) for the years ended December 31, 2025 was $<span id="xdx_901_eus-gaap--ProvisionForDoubtfulAccounts_pp0d_c20250101__20251231_z9OT4ehKy3qj" title="Provision for doubtful accounts">13,375</span>.</p> <p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zQrHUsB8Vabj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(f)</td><td><span id="xdx_86B_zZNggx2YEkr5">Concentration of Credit Risk</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company is exposed to credit risk in the normal course of business, primarily related to accounts receivable and cash and cash equivalents. Substantially all of the Company’s cash and cash equivalents are maintained with financial institutions in the PRC, namely, Industrial and Commercial Bank of China Limited, China Merchants Bank Company Limited, Sichuan Rural Credit Union, Bank of China Limited and Shandong Shouguang Rural Commercial Bank Co., Ltd., which are not insured or otherwise protected. The Company placed $<span id="xdx_909_eus-gaap--CashUninsuredAmount_iI_pp0d_c20251231_z0d68Qvzho9" title="Cash, uninsured amount">3,793</span> and $<span id="xdx_902_eus-gaap--CashUninsuredAmount_c20241231_pp0p" title="Cash, uninsured amount">10,075,162</span> with these institutions as of December 31, 2025 and 2024, respectively. The Company has not experienced any losses in such accounts in the PRC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Concentrations of credit risk with respect to accounts receivable exists as the Company sells a substantial portion of its products to a limited number of customers. However, such concentrations of credit risks are limited since the Company performs ongoing credit evaluations of its customers’ financial condition and extends credit terms as and when appropriate.</p> <p id="xdx_84A_eus-gaap--InventoryPolicyTextBlock_zPNafXiO3Awb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(g)</td><td><span id="xdx_86F_zY7ieFZEZEyh">Inventories</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Inventories are stated at the lower of cost, determined on a first-in first-out cost basis, or net realizable value. Costs of work-in-progress and finished goods comprise direct materials, direct labor and an attributable portion of manufacturing overhead. Net realizable value is based on estimated selling price less costs to complete and selling expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p id="xdx_84C_ecustom--AdvancesToSuppliersNetPolicyTextBlock_zvZWj7wg7GR3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(h)</td><td><span id="xdx_868_zmAmgUqx87J">Advances to suppliers, net</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Advances to suppliers are stated at the original amount less an allowance for doubtful account.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Advances to suppliers primarily consists of prepayments for purchase of raw materials and equipment for production purposes. The Company reviews its advances to suppliers on a periodic basis and determines the adequacy of provision when amounts outstanding are not likely to be collected in cash or utilized against receive of products. An allowance for doubtful is recorded in the period in which the Company cash collection or receipts of products is remote.</p> <p id="xdx_84C_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zturBsACEky2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(i)</td><td><span id="xdx_865_zKVKWPXPub21">Property, Plant and Equipment</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. Expenditures for new facilities or equipment, and major expenditures for betterment of existing facilities or equipment are capitalized and depreciated, when available for intended use, using the straight-line method at rates sufficient to depreciate such costs less 5% residual value over the estimated productive lives. All other ordinary repair and maintenance costs are expensed as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Mineral rights are recorded at cost less accumulated depreciation and any impairment losses. Mineral rights are amortized ratably over the term of the lease, or the equivalent term under the units of production method, whichever is shorter.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Construction in process primarily represents direct costs of construction of property, plant and equipment. Costs incurred are capitalized and transferred to property, plant and equipment upon completion and depreciation will commence when the completed assets are placed in service.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p id="xdx_89A_ecustom--ScheduleOfPropertyPlantAndEquipmentServiceLifeTableTextblock_z2M2WynHVqb8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s depreciation and amortization policies on property, plant and equipment, other than mineral rights and construction in process, are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BC_zpf2qZa8PtMl" style="display: none">Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment Useful Life</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><p style="margin-top: 0; margin-bottom: 0"><span id="xdx_914_esrt--MinimumMember_zZ97Am3RoGEk" style="display: none">Minimum</span></p> <p style="margin-top: 0; margin-bottom: 0"><span id="xdx_910_esrt--MaximumMember_zzGTKIcJZ7F8" style="display: none">Maximum</span></p></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Useful life</p> <p style="margin-top: 0; margin-bottom: 0">(in years)</p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Mineral rights</td> <td colspan="3" style="text-align: center"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MineralRightsMember_z6zU5yeMwPTc" title="Useful life (in years)">50</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Leasehold Improvements <span style="display: none"><span id="xdx_919_eus-gaap--LeaseholdImprovementsMember_zSAl3ZPyQmu7">Leasehold Improvements</span></span></td> <td colspan="3" style="text-align: center"><span id="xdx_904_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MinimumMember_z96CpQ2krfpd">8</span> - <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MaximumMember_zkS2rW4WNBI6">20</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plant and machinery (including protective shells, transmission channels and ducts)</td> <td colspan="3" style="text-align: center"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PlantAndMachineryMember__srt--RangeAxis__srt--MinimumMember_zdcts82doBJ" title="Useful life (in years)">3</span> - <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PlantAndMachineryMember__srt--RangeAxis__srt--MaximumMember_zhikLFuVeGi3" title="Useful life (in years)">8</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 87%; text-align: left; padding-bottom: 1pt">Motor vehicles <span id="xdx_911_eus-gaap--VehiclesMember_zQOyz64eSi93" style="display: none">Motor Vehicles</span></td> <td style="width: 1%; text-align: center"> </td><td style="width: 15%; text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zAgHEZPkYb4k" title="Useful life (in years)">5</span></td><td style="width: 1%; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Furniture, fixtures and equipment</td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FurnitireFixturesAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zq0uCpQmPpA6" title="Useful life (in years)">3</span> - <span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FurnitireFixturesAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zPuZvAjuOEZf" title="Useful life (in years)">8</span></td><td style="text-align: center"> </td></tr> </table> <p id="xdx_8AB_zw3WMdeKuenh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Producing oil and gas properties are depreciated on a unit-of-production basis over the proved developed reserves. Common facilities that are built specifically to service production directly attributed to designated oil and gas properties are depreciated based on the proved developed reserves of the respective oil and gas properties on a pro-rata basis. Common facilities that are not built specifically to service identified oil and gas properties are depreciated using the straight-line method over their estimated useful lives. Costs associated with significant development projects are not depreciated until commercial production commences and the reserves related to those costs are excluded from the calculation of depreciation.</p> <p id="xdx_847_eus-gaap--AssetRetirementObligationsPolicy_zK1FBJIVeo7g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(j)</td><td><span id="xdx_86A_zD3x8bamGl5">Asset Retirement Obligation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company follows Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”), which established a uniform methodology for accounting for estimated reclamation and abandonment costs. FASB ASC 410 requires the fair value of a liability for an asset retirement obligation to be recognized in the period in which the legal obligation associated with the retirement of the long-lived asset is incurred. When the liability is initially recorded, the offset is capitalized by increasing the carrying amount of the related long-lived asset. Over time, the liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. To settle the liability, the obligation is paid, and to the extent there is a difference between the liability and the amount of cash paid, a gain or loss upon settlement is recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Currently, there are no reclamation or abandonment obligations associated with the land being utilized for exploitation by the bromine and crude salt factories. Also, for the two chemical plants that are to be relocated, currently, there are no obligations to restore the land to its original condition.</p> <p id="xdx_845_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zPD7KBM53Uqa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(k)</td><td><span id="xdx_866_zwEJS3qaYqBc">Recoverability of Long-lived Assets</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-10-35<i>” Impairment or Disposal of Long-lived Assets”</i>, long-lived assets to be held and used are analyzed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable or that the useful lives of those assets are no longer appropriate. The Company evaluates at each balance sheet date whether events and circumstances have occurred that indicate possible impairment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company determines the existence of such impairment by measuring the expected future cash flows (undiscounted and without interest charges) and comparing such amount to the carrying amount of the assets. An impairment loss, if one exists, is then measured as the amount by which the carrying amount of the asset exceeds the discounted estimated future cash flows. Assets to be disposed of are reported at the lower of the carrying amount or fair value of such assets less costs to sell. Asset impairment charges are recorded to reduce the carrying amount of the long-lived asset that will be sold or disposed of to their estimated fair values. Charges for the asset impairment reduce the carrying amount of the long-lived assets to their estimated salvage value in connection with the decision to dispose of such assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">For the year ended December 31, 2025 and 2024, the Company recognized impairment of long-lived assets of $<span id="xdx_907_eus-gaap--NonoperatingGainsLosses_iN_pp0p0_di_c20250101__20251231_zRSDCtpI0Eg6" title="Impairment of long-lived assets">30,068,794</span> and $<span id="xdx_907_eus-gaap--NonoperatingGainsLosses_iN_pp0p0_di_c20240101__20241231_zFdWKgwhlSVc" title="Impairment of long-lived assets">6,772,500</span>, respectively.</p> <p id="xdx_847_eus-gaap--PensionAndOtherPostretirementPlansPolicy_zvf0vWLMFAYf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(l)</td><td><span id="xdx_868_z1gCBaj68UJ7">Retirement Benefits</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Pursuant to the relevant laws and regulations in the PRC, the Company participates in a defined contribution retirement plan for its employees arranged by a governmental organization. The Company makes contributions to the retirement plan at the applicable rate based on the employees’ salaries. The required contributions under the retirement plans are charged to the consolidated statement of comprehensive income (loss) on an accrual basis when they are due. The Company’s contributions totaled $<span id="xdx_906_eus-gaap--DefinedBenefitPlanContributionsByEmployer_c20250101__20251231_pp0p" title="Company's contributions to the retirement plan">508,947</span> and $<span id="xdx_904_eus-gaap--DefinedBenefitPlanContributionsByEmployer_c20240101__20241231_pp0p" title="Company's contributions to the retirement plan">535,475</span> for the years ended December 31, 2025 and 2024, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p id="xdx_846_ecustom--MineralRightsPolicyPolicyTextBlock_zIQxSxGMR45e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(m)</td><td><span id="xdx_86E_zGcMbvc7Lq92">Mineral Rights</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company follows FASB ASC 805 “Business Combinations” that certain mineral rights are considered tangible assets and that mineral rights should be accounted for based on their substance. Mineral rights are included in property, plant and equipment.</p> <p id="xdx_840_eus-gaap--LesseeLeasesPolicyTextBlock_zYRBeOltee21" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(n)</td><td><span id="xdx_860_zq7JjezCGgMa">Leases</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the consolidated balance sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized at January 1, 2019 based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Lease expense for lease payments is recognized on a straight-line basis over the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company has elected not to recognize operating lease ROU assets and liabilities arising from short-term lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Finance leases are initially recorded at the net present value of future minimum lease payments, which includes certain lease and non- lease components. Finance leases generally have one of these five attributes: 1) ownership of the underlying asset transfers to the Company at the end of the lease term, 2) the lease agreement contains a purchase option that the Company is reasonably certain to exercise, 3) the lease term represents the major part of the asset’s economic life, 4) the present value of lease payments over the lease term equals or exceeds substantially all of the fair value of the asset, and 5) the underlying asset is so specialized in nature that it provides no alternative use to the lessor after the lease term. Finance Lease Assets are presented on separately on the Consolidated Balance Sheets.</p> <p id="xdx_848_eus-gaap--EarningsPerSharePolicyTextBlock_zjXJ4GMBWgLl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(o)</td><td><span id="xdx_865_zhuaiT07325">Basic and Diluted Earnings per Share of Common Stock</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Basic earnings per common stock are based on the weighted average number of shares outstanding during the periods presented. Diluted earnings per share are computed using weighted average number of common stocks plus dilutive common stock equivalents outstanding during the period. Potential common stocks that would have the effect of increasing diluted earnings per stock are considered to be anti- dilutive, i.e. the exercise prices of the outstanding stock options were greater than the market price of the common share. Anti-dilutive common stock equivalents which were excluded from the calculation of number of dilutive common stock equivalents amounted to <span id="xdx_906_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240101__20241231_zyrjgAiEL0b6" title="Anti-dilutive securities"><span id="xdx_90A_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250101__20251231_ztdhUfNwbKq6" title="Anti-dilutive securities">0</span> </span>share for the years ended December 31, 2025 and 2024. These awards could be dilutive in the future if the market price of the common stock increases and is greater than the exercise price of these awards.</p> <p id="xdx_84C_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zcNTPCXcukZg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(p)</td><td><span id="xdx_86B_z1LQjmvUupdd">Reporting Currency and Translation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The financial statements of the Company’s foreign subsidiaries are measured using the local currency, Renminbi (“RMB”), as the functional currency; whereas the functional currency and reporting currency of the Company is the United States dollar (“USD” or “$”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As such, the Company uses the “current rate method” to translate its PRC operations from RMB into USD, as required under FASB ASC 830 “Foreign Currency Matters”. The assets and liabilities of its PRC operations are translated into USD using the rate of exchange prevailing at the balance sheet date. The capital accounts are translated at the historical rate. Adjustments resulting from the translation of the balance sheets of the Company’s PRC subsidiaries are recorded in stockholders’ equity as part of accumulated other comprehensive income (loss). The statement of comprehensive income (loss) is translated at average rate during the reporting period. Gains or losses resulting from transactions in currencies other than the functional currencies are recognized in net loss for the reporting periods as part of general and administrative expense. The statement of cash flows is translated at average rate during the reporting period, with the exception of the consideration paid for the acquisition of business which is translated at historical rates.</p> <p id="xdx_846_eus-gaap--RevenueRecognitionPolicyTextBlock_zJGXOlg0DKUb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(q)</td><td><span id="xdx_868_zb8pTkJZmQY1">Revenue Recognition</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Net revenue is net of discount and value added tax and comprises the sale of bromine, crude salt and chemical products. Revenue is recognized at a point time when the control of the promised goods is transferred to the customers in an amount that reflects the consideration that the Company expects to receive from the customers in exchange for those goods. The acknowledgement of receipt of goods by the customers is when control of the product is deemed to be transferred. Invoicing occurs upon acknowledgement of receipt of the goods by the customers. Customers have no rights to return the goods upon acknowledgement of receipt of goods. Customers typically pay after the Company delivers and transfers the products to them in accordance to terms set forth in their contract. Revenue from contracts with customers is disaggregated in Note 21.</p> <p id="xdx_84D_eus-gaap--IncomeTaxPolicyTextBlock_z1ntAl0VDQfc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(r)</td><td><span id="xdx_862_zrofJ4Vodf3d">Income Taxes</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company accounts for income taxes in accordance with the Income Taxes Topic of the FASB ASC, which requires the use of the liability method of accounting for deferred income taxes. Under this method, deferred income taxes are recorded to reflect the tax consequences on future years of temporary differences between the tax basis of assets and liabilities and their reported amounts at each period end. Deferred tax assets and liabilities are measured using tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. The deferred income tax effects of a change in tax rates are recognized in the period of enactment. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. The guidance also provides criteria for the recognition, measurement, presentation and disclosures of uncertain tax positions. A tax benefit from an uncertain tax position may be recognized if it is “more likely than not” that the position is sustainable based solely on its technical merits. Interests and penalties associated with unrecognized tax benefits are included within the (benefit from) provision for income tax in the consolidated statement of comprehensive income (loss).</p> <p id="xdx_84A_eus-gaap--CapitalizationOfInternalCostsPolicy_zw3m6e7CA1N3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(s)</td><td><span id="xdx_864_zHX1gJOrRNAa">Exploration Costs</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Exploration costs, which included the cost of researching for appropriate places to drill wells and the cost of well drilling in search of potential natural brine or other resources, are charged to the income statement as incurred. Once the commercial viability of a project has been confirmed, all subsequent costs are capitalized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">For oil and gas properties, the successful efforts method of accounting is adopted. The Company carries exploratory well costs as an asset when the well has found a sufficient quantity of reserves to justify its completion as a producing well and where the Company is making sufficient progress assessing the reserves and the economic and operating viability of the project. Exploratory well costs not meeting these criteria are charged to expenses. Exploratory wells that discover potentially economic reserves in areas where major capital expenditure will be required before production would begin and when the major capital expenditure depends upon the successful completion of further exploratory work remain capitalized and are reviewed periodically for impairment.</p> <p id="xdx_840_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zooYAJFi34ek" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(t)</td><td><span id="xdx_86D_zOwT6mD23Fdl">Fair Value Measurement</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company applies Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures which defines fair value, establishes a framework for measuring fair value and expands financial statement disclosure requirements for fair value measurements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">ASC Topic 820 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) on the measurement date in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">ASC Topic 820 specifies a hierarchy of valuation techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The hierarchy is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Level 2 inputs to the valuation methodology include quoted prices for identical or similar assets and liabilities in active markets or in inactive markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The carrying amounts of the Company’s financial instruments approximate their fair values because of their short-term nature. The Company’s financial instruments include cash, accounts receivable, amounts due to related parties, short-term borrowing, long-term borrowing, other receivables, accounts payable and other current payables. There were no material unrecognized financial assets and liabilities as of December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company determines the fair value with the help from independent third-party professional valuation specialists, and the assumptions used in estimating fair value require significant judgment. The use of different assumptions and judgments could result in a materially different estimate of fair value. Market valuation method was applied to land and cost method was applied to property and equipment, all of which are classified as Level 3 within the valuation hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p id="xdx_89B_ecustom--ScheduleOfAssetsMeasuredAtNonRecurringBasisTableTextBlock_z2N8r6Fb2AXi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The following table presents the Company’s assets measured at fair value on a non-recurring basis for the years ended December 31, 2024:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_8B3_zhfudpCeiiMf" style="display: none">Basis of Presentation and Summary of Significant Accounting Policies - Assets measured at non-recurring basis</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_910_eus-gaap--FairValueInputsLevel1Member_zsf59V0oXcI4" style="display: none">Level 1</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_91E_eus-gaap--FairValueInputsLevel2Member_zc8XqrIfjhT1" style="display: none">Level 2</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_916_eus-gaap--FairValueInputsLevel3Member_z1IGFxgupwn" style="display: none">Level 3</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 247.45pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Years Ended</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p></td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Fair Value <br/> as of December 31, 2024</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Quoted Prices in Active</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Markets for Identical Assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>(Level 1)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Significant</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Other Observable Inputs</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>(Level 2)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Significant Unobservable Inputs</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>(Level 3)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Gain (Loss) for</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>the Year Ended December</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>31, 2024</b></p></td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>December 31,</b></p></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"><b>Description</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.05pt"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.95pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8.3pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8.65pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.6pt 0pt 0; text-align: center"><b>$</b></p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: center">2024</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 16%; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left">Property, Plant and Equipment</p></td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90D_eus-gaap--AssetsFairValueDisclosure_c20241231_pp0p" title="Property, Plant and equipment">27,149,774</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_903_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0740">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_900_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0742">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_901_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p" title="Property, Plant and equipment">27,149,774</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">(<span id="xdx_908_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_c20240101__20241231_pp0p" title="Total Gain(Loss) for the Year">6,772,500</span></td><td style="width: 1%; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.25pt 0pt 16.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.25pt 0pt 16.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The following table presents the Company’s assets measured at fair value on a non-recurring basis for the years ended December 31, 2025:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="text-align: center"><span style="font-size: 10pt"><b>Years Ended</b></span></td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Fair Value<br/> as of December 31, 2025</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Quoted Prices in Active Markets for Identical Assets (Level 1)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Significant Other Observable Inputs  (Level 2)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Significant Unobservable Inputs  (Level 3)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Total Gain (Loss) for the Year Ended December  31, 2025</b></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 10pt"><b> December 31,</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Description</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: center">2025</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: left"><span style="font-size: 10pt">Property, Plant and Equipment</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90E_eus-gaap--AssetsFairValueDisclosure_c20251231_pp0p" title="Property, Plant and equipment">2,781,597</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_900_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0750">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_901_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0752">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_906_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p" title="Property, Plant and equipment">2,781,597</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">(<span id="xdx_90A_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_c20250101__20251231_pp0p" title="Total Gain(Loss) for the Year">23,076,873</span></td><td style="width: 1%; text-align: left">) </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: center">2025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Prepaid Land Leases</p></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--PrepaidLandLeases_iI_pp0d_c20251231_zNfaBjjDkpBh" title="Prepaid land leases">2,284,961</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_900_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zKpeOuNDqiOe" title="Prepaid land leases"><span style="-sec-ix-hidden: xdx2ixbrl0760">—</span></span></p> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_903_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zBrJMvfKqbd9" title="Prepaid land leases"><span style="-sec-ix-hidden: xdx2ixbrl0762">—</span></span></p> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zZWI6IaeUMQ3" title="Prepaid land leases">2,284,961</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(<span id="xdx_901_ecustom--GainLossOnSaleOfPrepaidLandLeases_pp0d_c20250101__20251231_zxSyx8hnmMZg" title="Total Gain(Loss) for the Year">6,991,921</span></td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8A6_zBjen5uXCUV1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 16.35pt; text-align: justify"> </p> <p id="xdx_84D_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zAilDQ4GwyDa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(u)</td><td><span id="xdx_864_zFjnvnb470M9">Loss Contingencies</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company accrues for loss contingencies relating to legal matters, including litigation defense costs, claims and other contingent matters, including liquidated damage liabilities, when such liabilities become probable and reasonably able to be estimated. Such estimates may be based on advice from third parties or on management’s judgment, as appropriate. Revisions to accruals are reflected in income (loss) in the period in which different facts or information become known or circumstances change that affect the Company’s previous assumptions with respect to the likelihood or amount of loss. Amounts paid upon the ultimate resolution of such liabilities may be materially different from previous estimates.</p> <p id="xdx_844_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zCGT0Ai9zRL9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(v)</td><td><span id="xdx_868_zRm7aa6pXs2i">Stock-based Compensation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company accounts for stock-based compensation under the provisions of FASB ASC 718, <i>Compensation Stock Compensation, </i>which requires the measurement and recognition of compensation expense for all stock-based awards made to employees and directors based on estimated fair values on the grant date. The Company estimates the fair value of stock-based awards on the date of grant using the Black- Scholes model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods using the straight-line method. In June 2018, the FASB issued ASU No. 201807, <i>Compensation </i>- <i>Stock Compensation (Topic </i>7<i>I8), Improvements to Nonemployee Share-Based Payment Accounting.</i> The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from non-employees. Prior to this Update, Topic 718 applied only to share-based transactions to employees. Consistent with the accounting requirement for employee share-based payment awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments that an entity is obligated to issue when the good has been delivered or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. The Company has elected to account for the forfeiture of stock-based awards as they occur.</p> <p id="xdx_84C_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_z25EcuTLPiOc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(w)</td><td><span id="xdx_866_zegoXSio89kd">New Accounting Pronouncements</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">Recent accounting pronouncements adopted</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 14.45pt; margin-bottom: 0pt; text-align: left">There was no recent accounting pronouncements adopted for the year ended December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.45pt 0pt 15.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">Recently Issued Accounting Pronouncements Not Yet Adopted</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In November 2024, the FASB issued ASU No. 2024-03, <i>Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40), </i>which requires disaggregated disclosure of income statement expenses for public business entities. The objective of ASU 2024-03 is to “address requests from investors for more detailed information about the types of expenses . . . in commonly presented expense captions (such as cost of sales, selling, general, and administrative expenses, and research and development).” Investors advised the FASB that “disclosure of disaggregated information about expenses is critically important in understanding an entity’s performance, assessing an entity’s prospects for future cash flows, and comparing an entity’s performance over time and with that of other entities.” ASU 2024-03 adds ASC 220-40 to require a footnote disclosure about specific expenses by requiring public entities to disaggregate, in a tabular presentation, each relevant expense caption on the face of the income statement that includes any of the following natural expenses: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization (DD&amp;A) recognized as part of oil- and gas-producing activities or other types of depletion expenses. The tabular disclosure would also include certain other expenses, when applicable. The ASU does not change or remove existing expense disclosure requirements; however, it may affect where that information appears in the footnotes to the financial statements. ASU 2024-03 is effective for all public entities for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company does not expect the adoption to have a material impact on the consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU addresses challenges encountered when applying the guidance in Topic 326, Financial Instruments—Credit Losses, to current accounts receivable and current contract assets arising from transactions accounted for under Topic 606, Revenue from Contracts with Customers. The amendments will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is in the process of assessing the impact of the amendments on the Company’s consolidated financial statements. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p id="xdx_84F_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zJajT6GeUYJ3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(a)</td><td><span id="xdx_86A_z2pw0kQgwuP8">Basis of Presentation and Consolidation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The accompanying audited consolidated financial statements have been prepared by Gulf Resources, Inc. (“Gulf Resources”). a Nevada corporation and its subsidiaries (collectively, the “Company”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The consolidated financial statements include the accounts of Gulf Resources, Inc. and its wholly-owned subsidiary, Upper Class Group Limited, a company incorporated in the British Virgin Islands, which owns 100% of Hong Kong Jiaxing Industrial Limited, a company incorporated in Hong Kong (“HKJI”). HKJI owns 100% of Shouguang City Haoyuan Chemical Company Limited (“SCHC”) which owns 100% of Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”) ,Daying County Haoyuan Chemical Company Limited (“DCHC”) and Shouguang Hengde Salt Industry Co. Ltd. (“SHSI”). All material intercompany transactions have been eliminated on consolidation. </p> <p id="xdx_845_ecustom--NatureOfTheBusinessPolicyTextBlock_zUI6nyBUO5e3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(b)</td><td><span id="xdx_86C_zIV8YlAQgnY7">Nature of Business</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company manufactures and trades bromine through its wholly-owned subsidiary, Shouguang City Haoyuan Chemical Company Limited (“SCHC”); manufactures and trades crude salt through its wholly owned subsidiary, SHSI; and manufactures chemical products for use in the oil industry, pesticides, paper manufacturing industry and for human and animal antibiotics through its wholly- owned subsidiary, Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”) in the People’s Republic of China (“PRC”). DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in the PRC. DCHC’s business commenced trial operation in January 2019 but suspended production temporarily in May 2019 as required by the government to obtain project approval (see Note 1 (c)(iii)).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(i)</td><td>Bromine and Crude Salt Segments</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">In February 2019, the Company received a notification from the local government of Yangkou County that its Factory No. 1, No. 4, No. 7 and No. 9 passed inspection and could resume operations. In April 2019, Factory No.1, and Factory No.7 resumed operation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On November 25, 2019, the government of Shouguang City issued a notice ordering all bromine facilities in Shouguang City, including the Company’s bromine facilities, including Factory No. 1 and Factory No. 7, to temporarily stop production from December 16, 2019 to February 10, 2020. Subsequently, due to the coronavirus outbreak in China, the local government ordered those bromine facilities to postpone the commencement of production. Subsequently, the Company received an approval dated February 27, 2020 issued by the local governmental authority allowing the Company to resume production after the winter temporary closure. Further, the Company received another approval from the Shouguang Yangkou People’s Government dated March 5, 2020 allowing the Company to resume production at its bromine factories No. 1, No. 4, No.7 and No. 9 in order to meet the needs of bromide products for epidemic prevention and control (the “March 2020 Approval”). The Company’s Factories No. 1 and No. 7 commenced trial production in mid-March 2020 and commercial production on April 3, 2020 and its Factories No. 4 and No. 9 commenced commercial production on May 6, 2020. The Company received verbal notification from the government regarding Factory No. 8, allowing it to recommence production in August 2022. Factory No. 8 began contributing revenue in the fourth quarter 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company is awaiting governmental approval for Factories No. 2 and No. 10. To our knowledge, the government is finalizing plans for all mining areas, including flood prevention measures. As a result, we may be required to make certain modifications to our existing wells and aqueducts prior to commencement of operations of these factories in order to satisfy the local government's requirements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Pursuant to the notification from the government of Shouguang City, all bromine facilities in Shouguang City were temporarily closed from December 10, 2022 until February 1, 2023 8:00 AM China Time. To comply with such notification, the Company had temporarily stopped production at its bromine facilities during the aforesaid period and reopened the operating bromine and crude salt factories in February, 2023 as planned.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">In April 2022, Shouguang Hengde Salt Industry Co. Ltd, our subsidiary, was incorporated in Shandong Province, China, for crude salt production and trading. This subsidiary was created in response to a new government policy that required bromine and crude salt companies to have separate registrations. The creation of this subsidiary and the separation of bromine and crude salt does not impact sales or overall profits. However, the establishment of this subsidiary has resulting in a reallocation of costs between bromine and crude salt.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(ii)</td><td>Chemical Segment</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On November 24, 2017, the Company received a letter from the Government of Yangkou County, Shouguang City notifying the Company to relocate its two chemical production plants located in the second living area of the Qinghe Oil Extraction to the Bohai Marine Fine Chemical Industrial Park (“Bohai Park”). This is because the two plants are located in a residential area and their production activities will impact the living environment of the residents. This is as a result of the country’s effort to improve the development of the chemical industry, manage safe production and curb environmental pollution accidents effectively, and ensure the quality of the living environment of residents. All chemical enterprises which do not comply with the requirements of the safety and environmental protection regulations will be ordered to shut down.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In December 2017, the Company secured from the government the land use rights for its chemical plants located at the Bohai Park and in June 2018, the Company presented a completed construction design draft and other related documents to the local authorities for approval. In January 2020, the Company received the environmental protection approval by the government of Shouguang City, Shandong Province for the proposed Yuxin Chemical factory. The Company began the construction on its new chemical facilities located at Bohai Marine Fine Chemical Industrial Park in June 2020 and basically completed the civil works by the end of June 2021. On November 15, 2021, the Company announced that due to the supply chain issues as well as the electric restrictions in China, the delivery of some equipment, the equipment installation and testing and beginning trial production at the chemical factory had been delayed. On February 22, 2022, the Company announced that discussions with the government have convinced management that the electricity restrictions are being eased. Accordingly, the Company has contacted its suppliers and will have the remainder of the equipment produced and delivered, so the Company can complete installation and begin testing and trial production.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company believes this relocation process will cost approximately $<span id="xdx_900_ecustom--RelocationProcessCostApproximate_iI_pn3n3_dm_c20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zaZsie7NkbK3" title="Approximate cost of relocation">69</span> million in total. The Company incurred relocation costs comprising prepaid land lease, professional fees related to the design of the new chemical factory, and progress payments and deposits for the construction of the new factory building in the amount of $<span id="xdx_903_ecustom--PropertyPlantAndEquipmentCapitalizedCosts_c20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_pp0p" title="Relocation costs">45,584,344</span> and $<span id="xdx_908_ecustom--PropertyPlantAndEquipmentCapitalizedCosts_iI_pp0d_c20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_z3WmTiR16Ddl" title="Relocation costs">45,584,344</span>, which were recorded in the prepaid land leases, prepayments and deposits and property, plant and equipment in the consolidated balance sheets as of December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On December 10, 2025, SCHC entered into an equity transfer agreement with Shandong Rongyuan Pharmaceutical Co., Ltd. and SYCI. Pursuant to the agreement, Shandong Rongyuan Pharmaceutical Co., Ltd. agreed to purchase <span id="xdx_90D_ecustom--EquityInterestOwnership_iI_c20251210__srt--CounterpartyNameAxis__custom--ShandongRngyuanPharmaceuticalCoLtdMember_zQk1WrUZmnUl" title="Equity interest">100%</span> of the equity interest in SYCI for an aggregate consideration of RMB 21.2 million (US$ 2,999,304). The transaction was completed on December 22, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(iii)</td><td>Natural Gas Segment</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In January 2017, the Company completed the first brine water and natural gas well field construction in Daying located in Sichuan Province, China, and commenced trial production in January 2019. On May 29, 2019, the Company received a verbal notice from the government of Tianbao Town, Daying County, Sichuan Province, whereby the Company is required to obtain project approval for its well located in Daying, including the whole natural gas and brine water project, and approvals for safety production inspection, environmental protection assessment, and to solve the related land issue. Until these approvals have been received, the Company has to temporarily halt trial production at its natural gas well in Daying. In compliance with the Chinese government new policies, the Company is also required to obtain an exploration license and a mining license for bromine and natural gas, respectively. Pursuant to the Opinions of the Ministry of Natural Resources on Several Issues in Promoting the Reform of Mineral Resources Management (Trial) promulgated by the Ministry of Natural Resources of PRC on January 9, 2020, which came into effect on May 1, 2020, privately owned enterprises are allowed to participate in the natural gas production. The Company plans to proceed with its applications for the natural gas and brine project approvals with related government departments until the governmental planning has been finalized.</p> 69000000 45584344 45584344 1 <p id="xdx_849_eus-gaap--UseOfEstimates_zSPBZezDeFm3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(c)</td><td><span id="xdx_86E_zKKluPIr0KLj">Use of Estimates</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and this requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. The most significant accounting estimates with regard to these consolidated financial statements that require the most significant and subjective judgments include, but are not limited to, useful lives of property, plant and equipment, recoverability of long-lived assets, determination of impairment losses, assessment of market value of inventories and provision for inventory obsolescence, allowance for doubtful accounts, recognition and measurement of deferred income taxes, valuation allowance for deferred tax assets, and assumptions used for the valuation of share based payments. Accordingly, actual results may differ significantly from these estimates under different assumptions or conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p id="xdx_84A_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_z2r1AcIJoJ5h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(d)</td><td><span id="xdx_86F_zwbH9Zimh8c6">Cash and Cash Equivalents</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Cash and cash equivalents consist of all cash balances and highly liquid investments with original maturities of three months or less. Because of short maturity of these investments, the carrying amounts approximate their fair values.</p> <p id="xdx_844_eus-gaap--ReceivablesPolicyTextBlock_ziIr8199Xfwi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(e)</td><td><span id="xdx_86A_zCoP1a1lKrQe">Accounts receivable and Allowance for Doubtful Accounts</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Accounts receivable is stated at cost, net of allowance for doubtful accounts. The normal credit term extended to customers ranges between 90 and 180 days. The company reviews all receivables that exceed the term. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade and other receivables. A considerable amount of judgment is required in assessing the amount of allowance and the Company considers the historical level of credit losses. The Company makes judgments about the credit worthiness of each customer based on ongoing credit evaluations, and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customer begins to deteriorate, resulting in their inability to make payments within credit term provided, an allowance may be required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As of December 31, 2025 and December 31, 2024, the provision for doubtful debts was $<span id="xdx_90E_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20251231_pp0p" title="Provision for doubtful accounts">16,430</span> and $<span id="xdx_90D_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20241231_pp0p" title="Provision for doubtful accounts">29,711</span>. The reversal for doubtful accounts in the consolidated statements of comprehensive income (loss) for the years ended December 31, 2025 was $<span id="xdx_901_eus-gaap--ProvisionForDoubtfulAccounts_pp0d_c20250101__20251231_z9OT4ehKy3qj" title="Provision for doubtful accounts">13,375</span>.</p> 16430 29711 13375 <p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zQrHUsB8Vabj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(f)</td><td><span id="xdx_86B_zZNggx2YEkr5">Concentration of Credit Risk</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company is exposed to credit risk in the normal course of business, primarily related to accounts receivable and cash and cash equivalents. Substantially all of the Company’s cash and cash equivalents are maintained with financial institutions in the PRC, namely, Industrial and Commercial Bank of China Limited, China Merchants Bank Company Limited, Sichuan Rural Credit Union, Bank of China Limited and Shandong Shouguang Rural Commercial Bank Co., Ltd., which are not insured or otherwise protected. The Company placed $<span id="xdx_909_eus-gaap--CashUninsuredAmount_iI_pp0d_c20251231_z0d68Qvzho9" title="Cash, uninsured amount">3,793</span> and $<span id="xdx_902_eus-gaap--CashUninsuredAmount_c20241231_pp0p" title="Cash, uninsured amount">10,075,162</span> with these institutions as of December 31, 2025 and 2024, respectively. The Company has not experienced any losses in such accounts in the PRC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Concentrations of credit risk with respect to accounts receivable exists as the Company sells a substantial portion of its products to a limited number of customers. However, such concentrations of credit risks are limited since the Company performs ongoing credit evaluations of its customers’ financial condition and extends credit terms as and when appropriate.</p> 3793 10075162 <p id="xdx_84A_eus-gaap--InventoryPolicyTextBlock_zPNafXiO3Awb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(g)</td><td><span id="xdx_86F_zY7ieFZEZEyh">Inventories</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Inventories are stated at the lower of cost, determined on a first-in first-out cost basis, or net realizable value. Costs of work-in-progress and finished goods comprise direct materials, direct labor and an attributable portion of manufacturing overhead. Net realizable value is based on estimated selling price less costs to complete and selling expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p id="xdx_84C_ecustom--AdvancesToSuppliersNetPolicyTextBlock_zvZWj7wg7GR3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(h)</td><td><span id="xdx_868_zmAmgUqx87J">Advances to suppliers, net</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Advances to suppliers are stated at the original amount less an allowance for doubtful account.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Advances to suppliers primarily consists of prepayments for purchase of raw materials and equipment for production purposes. The Company reviews its advances to suppliers on a periodic basis and determines the adequacy of provision when amounts outstanding are not likely to be collected in cash or utilized against receive of products. An allowance for doubtful is recorded in the period in which the Company cash collection or receipts of products is remote.</p> <p id="xdx_84C_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zturBsACEky2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(i)</td><td><span id="xdx_865_zKVKWPXPub21">Property, Plant and Equipment</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. Expenditures for new facilities or equipment, and major expenditures for betterment of existing facilities or equipment are capitalized and depreciated, when available for intended use, using the straight-line method at rates sufficient to depreciate such costs less 5% residual value over the estimated productive lives. All other ordinary repair and maintenance costs are expensed as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Mineral rights are recorded at cost less accumulated depreciation and any impairment losses. Mineral rights are amortized ratably over the term of the lease, or the equivalent term under the units of production method, whichever is shorter.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Construction in process primarily represents direct costs of construction of property, plant and equipment. Costs incurred are capitalized and transferred to property, plant and equipment upon completion and depreciation will commence when the completed assets are placed in service.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p id="xdx_89A_ecustom--ScheduleOfPropertyPlantAndEquipmentServiceLifeTableTextblock_z2M2WynHVqb8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s depreciation and amortization policies on property, plant and equipment, other than mineral rights and construction in process, are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BC_zpf2qZa8PtMl" style="display: none">Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment Useful Life</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><p style="margin-top: 0; margin-bottom: 0"><span id="xdx_914_esrt--MinimumMember_zZ97Am3RoGEk" style="display: none">Minimum</span></p> <p style="margin-top: 0; margin-bottom: 0"><span id="xdx_910_esrt--MaximumMember_zzGTKIcJZ7F8" style="display: none">Maximum</span></p></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Useful life</p> <p style="margin-top: 0; margin-bottom: 0">(in years)</p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Mineral rights</td> <td colspan="3" style="text-align: center"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MineralRightsMember_z6zU5yeMwPTc" title="Useful life (in years)">50</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Leasehold Improvements <span style="display: none"><span id="xdx_919_eus-gaap--LeaseholdImprovementsMember_zSAl3ZPyQmu7">Leasehold Improvements</span></span></td> <td colspan="3" style="text-align: center"><span id="xdx_904_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MinimumMember_z96CpQ2krfpd">8</span> - <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MaximumMember_zkS2rW4WNBI6">20</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plant and machinery (including protective shells, transmission channels and ducts)</td> <td colspan="3" style="text-align: center"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PlantAndMachineryMember__srt--RangeAxis__srt--MinimumMember_zdcts82doBJ" title="Useful life (in years)">3</span> - <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PlantAndMachineryMember__srt--RangeAxis__srt--MaximumMember_zhikLFuVeGi3" title="Useful life (in years)">8</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 87%; text-align: left; padding-bottom: 1pt">Motor vehicles <span id="xdx_911_eus-gaap--VehiclesMember_zQOyz64eSi93" style="display: none">Motor Vehicles</span></td> <td style="width: 1%; text-align: center"> </td><td style="width: 15%; text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zAgHEZPkYb4k" title="Useful life (in years)">5</span></td><td style="width: 1%; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Furniture, fixtures and equipment</td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FurnitireFixturesAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zq0uCpQmPpA6" title="Useful life (in years)">3</span> - <span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FurnitireFixturesAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zPuZvAjuOEZf" title="Useful life (in years)">8</span></td><td style="text-align: center"> </td></tr> </table> <p id="xdx_8AB_zw3WMdeKuenh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Producing oil and gas properties are depreciated on a unit-of-production basis over the proved developed reserves. Common facilities that are built specifically to service production directly attributed to designated oil and gas properties are depreciated based on the proved developed reserves of the respective oil and gas properties on a pro-rata basis. Common facilities that are not built specifically to service identified oil and gas properties are depreciated using the straight-line method over their estimated useful lives. Costs associated with significant development projects are not depreciated until commercial production commences and the reserves related to those costs are excluded from the calculation of depreciation.</p> <p id="xdx_89A_ecustom--ScheduleOfPropertyPlantAndEquipmentServiceLifeTableTextblock_z2M2WynHVqb8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s depreciation and amortization policies on property, plant and equipment, other than mineral rights and construction in process, are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BC_zpf2qZa8PtMl" style="display: none">Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment Useful Life</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><p style="margin-top: 0; margin-bottom: 0"><span id="xdx_914_esrt--MinimumMember_zZ97Am3RoGEk" style="display: none">Minimum</span></p> <p style="margin-top: 0; margin-bottom: 0"><span id="xdx_910_esrt--MaximumMember_zzGTKIcJZ7F8" style="display: none">Maximum</span></p></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Useful life</p> <p style="margin-top: 0; margin-bottom: 0">(in years)</p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Mineral rights</td> <td colspan="3" style="text-align: center"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MineralRightsMember_z6zU5yeMwPTc" title="Useful life (in years)">50</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Leasehold Improvements <span style="display: none"><span id="xdx_919_eus-gaap--LeaseholdImprovementsMember_zSAl3ZPyQmu7">Leasehold Improvements</span></span></td> <td colspan="3" style="text-align: center"><span id="xdx_904_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MinimumMember_z96CpQ2krfpd">8</span> - <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MaximumMember_zkS2rW4WNBI6">20</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plant and machinery (including protective shells, transmission channels and ducts)</td> <td colspan="3" style="text-align: center"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PlantAndMachineryMember__srt--RangeAxis__srt--MinimumMember_zdcts82doBJ" title="Useful life (in years)">3</span> - <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PlantAndMachineryMember__srt--RangeAxis__srt--MaximumMember_zhikLFuVeGi3" title="Useful life (in years)">8</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 87%; text-align: left; padding-bottom: 1pt">Motor vehicles <span id="xdx_911_eus-gaap--VehiclesMember_zQOyz64eSi93" style="display: none">Motor Vehicles</span></td> <td style="width: 1%; text-align: center"> </td><td style="width: 15%; text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zAgHEZPkYb4k" title="Useful life (in years)">5</span></td><td style="width: 1%; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Furniture, fixtures and equipment</td> <td style="text-align: center"> </td><td style="text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FurnitireFixturesAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zq0uCpQmPpA6" title="Useful life (in years)">3</span> - <span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FurnitireFixturesAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zPuZvAjuOEZf" title="Useful life (in years)">8</span></td><td style="text-align: center"> </td></tr> </table> P50Y P8Y P20Y P3Y P8Y P5Y P3Y P8Y <p id="xdx_847_eus-gaap--AssetRetirementObligationsPolicy_zK1FBJIVeo7g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(j)</td><td><span id="xdx_86A_zD3x8bamGl5">Asset Retirement Obligation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company follows Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”), which established a uniform methodology for accounting for estimated reclamation and abandonment costs. FASB ASC 410 requires the fair value of a liability for an asset retirement obligation to be recognized in the period in which the legal obligation associated with the retirement of the long-lived asset is incurred. When the liability is initially recorded, the offset is capitalized by increasing the carrying amount of the related long-lived asset. Over time, the liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. To settle the liability, the obligation is paid, and to the extent there is a difference between the liability and the amount of cash paid, a gain or loss upon settlement is recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Currently, there are no reclamation or abandonment obligations associated with the land being utilized for exploitation by the bromine and crude salt factories. Also, for the two chemical plants that are to be relocated, currently, there are no obligations to restore the land to its original condition.</p> <p id="xdx_845_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zPD7KBM53Uqa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(k)</td><td><span id="xdx_866_zwEJS3qaYqBc">Recoverability of Long-lived Assets</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-10-35<i>” Impairment or Disposal of Long-lived Assets”</i>, long-lived assets to be held and used are analyzed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable or that the useful lives of those assets are no longer appropriate. The Company evaluates at each balance sheet date whether events and circumstances have occurred that indicate possible impairment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company determines the existence of such impairment by measuring the expected future cash flows (undiscounted and without interest charges) and comparing such amount to the carrying amount of the assets. An impairment loss, if one exists, is then measured as the amount by which the carrying amount of the asset exceeds the discounted estimated future cash flows. Assets to be disposed of are reported at the lower of the carrying amount or fair value of such assets less costs to sell. Asset impairment charges are recorded to reduce the carrying amount of the long-lived asset that will be sold or disposed of to their estimated fair values. Charges for the asset impairment reduce the carrying amount of the long-lived assets to their estimated salvage value in connection with the decision to dispose of such assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">For the year ended December 31, 2025 and 2024, the Company recognized impairment of long-lived assets of $<span id="xdx_907_eus-gaap--NonoperatingGainsLosses_iN_pp0p0_di_c20250101__20251231_zRSDCtpI0Eg6" title="Impairment of long-lived assets">30,068,794</span> and $<span id="xdx_907_eus-gaap--NonoperatingGainsLosses_iN_pp0p0_di_c20240101__20241231_zFdWKgwhlSVc" title="Impairment of long-lived assets">6,772,500</span>, respectively.</p> -30068794 -6772500 <p id="xdx_847_eus-gaap--PensionAndOtherPostretirementPlansPolicy_zvf0vWLMFAYf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(l)</td><td><span id="xdx_868_z1gCBaj68UJ7">Retirement Benefits</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Pursuant to the relevant laws and regulations in the PRC, the Company participates in a defined contribution retirement plan for its employees arranged by a governmental organization. The Company makes contributions to the retirement plan at the applicable rate based on the employees’ salaries. The required contributions under the retirement plans are charged to the consolidated statement of comprehensive income (loss) on an accrual basis when they are due. The Company’s contributions totaled $<span id="xdx_906_eus-gaap--DefinedBenefitPlanContributionsByEmployer_c20250101__20251231_pp0p" title="Company's contributions to the retirement plan">508,947</span> and $<span id="xdx_904_eus-gaap--DefinedBenefitPlanContributionsByEmployer_c20240101__20241231_pp0p" title="Company's contributions to the retirement plan">535,475</span> for the years ended December 31, 2025 and 2024, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> 508947 535475 <p id="xdx_846_ecustom--MineralRightsPolicyPolicyTextBlock_zIQxSxGMR45e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(m)</td><td><span id="xdx_86E_zGcMbvc7Lq92">Mineral Rights</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company follows FASB ASC 805 “Business Combinations” that certain mineral rights are considered tangible assets and that mineral rights should be accounted for based on their substance. Mineral rights are included in property, plant and equipment.</p> <p id="xdx_840_eus-gaap--LesseeLeasesPolicyTextBlock_zYRBeOltee21" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(n)</td><td><span id="xdx_860_zq7JjezCGgMa">Leases</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the consolidated balance sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized at January 1, 2019 based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Lease expense for lease payments is recognized on a straight-line basis over the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company has elected not to recognize operating lease ROU assets and liabilities arising from short-term lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Finance leases are initially recorded at the net present value of future minimum lease payments, which includes certain lease and non- lease components. Finance leases generally have one of these five attributes: 1) ownership of the underlying asset transfers to the Company at the end of the lease term, 2) the lease agreement contains a purchase option that the Company is reasonably certain to exercise, 3) the lease term represents the major part of the asset’s economic life, 4) the present value of lease payments over the lease term equals or exceeds substantially all of the fair value of the asset, and 5) the underlying asset is so specialized in nature that it provides no alternative use to the lessor after the lease term. Finance Lease Assets are presented on separately on the Consolidated Balance Sheets.</p> <p id="xdx_848_eus-gaap--EarningsPerSharePolicyTextBlock_zjXJ4GMBWgLl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(o)</td><td><span id="xdx_865_zhuaiT07325">Basic and Diluted Earnings per Share of Common Stock</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Basic earnings per common stock are based on the weighted average number of shares outstanding during the periods presented. Diluted earnings per share are computed using weighted average number of common stocks plus dilutive common stock equivalents outstanding during the period. Potential common stocks that would have the effect of increasing diluted earnings per stock are considered to be anti- dilutive, i.e. the exercise prices of the outstanding stock options were greater than the market price of the common share. Anti-dilutive common stock equivalents which were excluded from the calculation of number of dilutive common stock equivalents amounted to <span id="xdx_906_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240101__20241231_zyrjgAiEL0b6" title="Anti-dilutive securities"><span id="xdx_90A_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250101__20251231_ztdhUfNwbKq6" title="Anti-dilutive securities">0</span> </span>share for the years ended December 31, 2025 and 2024. These awards could be dilutive in the future if the market price of the common stock increases and is greater than the exercise price of these awards.</p> 0 0 <p id="xdx_84C_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zcNTPCXcukZg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(p)</td><td><span id="xdx_86B_z1LQjmvUupdd">Reporting Currency and Translation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The financial statements of the Company’s foreign subsidiaries are measured using the local currency, Renminbi (“RMB”), as the functional currency; whereas the functional currency and reporting currency of the Company is the United States dollar (“USD” or “$”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As such, the Company uses the “current rate method” to translate its PRC operations from RMB into USD, as required under FASB ASC 830 “Foreign Currency Matters”. The assets and liabilities of its PRC operations are translated into USD using the rate of exchange prevailing at the balance sheet date. The capital accounts are translated at the historical rate. Adjustments resulting from the translation of the balance sheets of the Company’s PRC subsidiaries are recorded in stockholders’ equity as part of accumulated other comprehensive income (loss). The statement of comprehensive income (loss) is translated at average rate during the reporting period. Gains or losses resulting from transactions in currencies other than the functional currencies are recognized in net loss for the reporting periods as part of general and administrative expense. The statement of cash flows is translated at average rate during the reporting period, with the exception of the consideration paid for the acquisition of business which is translated at historical rates.</p> <p id="xdx_846_eus-gaap--RevenueRecognitionPolicyTextBlock_zJGXOlg0DKUb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(q)</td><td><span id="xdx_868_zb8pTkJZmQY1">Revenue Recognition</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Net revenue is net of discount and value added tax and comprises the sale of bromine, crude salt and chemical products. Revenue is recognized at a point time when the control of the promised goods is transferred to the customers in an amount that reflects the consideration that the Company expects to receive from the customers in exchange for those goods. The acknowledgement of receipt of goods by the customers is when control of the product is deemed to be transferred. Invoicing occurs upon acknowledgement of receipt of the goods by the customers. Customers have no rights to return the goods upon acknowledgement of receipt of goods. Customers typically pay after the Company delivers and transfers the products to them in accordance to terms set forth in their contract. Revenue from contracts with customers is disaggregated in Note 21.</p> <p id="xdx_84D_eus-gaap--IncomeTaxPolicyTextBlock_z1ntAl0VDQfc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(r)</td><td><span id="xdx_862_zrofJ4Vodf3d">Income Taxes</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company accounts for income taxes in accordance with the Income Taxes Topic of the FASB ASC, which requires the use of the liability method of accounting for deferred income taxes. Under this method, deferred income taxes are recorded to reflect the tax consequences on future years of temporary differences between the tax basis of assets and liabilities and their reported amounts at each period end. Deferred tax assets and liabilities are measured using tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. The deferred income tax effects of a change in tax rates are recognized in the period of enactment. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. The guidance also provides criteria for the recognition, measurement, presentation and disclosures of uncertain tax positions. A tax benefit from an uncertain tax position may be recognized if it is “more likely than not” that the position is sustainable based solely on its technical merits. Interests and penalties associated with unrecognized tax benefits are included within the (benefit from) provision for income tax in the consolidated statement of comprehensive income (loss).</p> <p id="xdx_84A_eus-gaap--CapitalizationOfInternalCostsPolicy_zw3m6e7CA1N3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(s)</td><td><span id="xdx_864_zHX1gJOrRNAa">Exploration Costs</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Exploration costs, which included the cost of researching for appropriate places to drill wells and the cost of well drilling in search of potential natural brine or other resources, are charged to the income statement as incurred. Once the commercial viability of a project has been confirmed, all subsequent costs are capitalized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">For oil and gas properties, the successful efforts method of accounting is adopted. The Company carries exploratory well costs as an asset when the well has found a sufficient quantity of reserves to justify its completion as a producing well and where the Company is making sufficient progress assessing the reserves and the economic and operating viability of the project. Exploratory well costs not meeting these criteria are charged to expenses. Exploratory wells that discover potentially economic reserves in areas where major capital expenditure will be required before production would begin and when the major capital expenditure depends upon the successful completion of further exploratory work remain capitalized and are reviewed periodically for impairment.</p> <p id="xdx_840_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zooYAJFi34ek" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(t)</td><td><span id="xdx_86D_zOwT6mD23Fdl">Fair Value Measurement</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company applies Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures which defines fair value, establishes a framework for measuring fair value and expands financial statement disclosure requirements for fair value measurements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">ASC Topic 820 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) on the measurement date in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">ASC Topic 820 specifies a hierarchy of valuation techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The hierarchy is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Level 2 inputs to the valuation methodology include quoted prices for identical or similar assets and liabilities in active markets or in inactive markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The carrying amounts of the Company’s financial instruments approximate their fair values because of their short-term nature. The Company’s financial instruments include cash, accounts receivable, amounts due to related parties, short-term borrowing, long-term borrowing, other receivables, accounts payable and other current payables. There were no material unrecognized financial assets and liabilities as of December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company determines the fair value with the help from independent third-party professional valuation specialists, and the assumptions used in estimating fair value require significant judgment. The use of different assumptions and judgments could result in a materially different estimate of fair value. Market valuation method was applied to land and cost method was applied to property and equipment, all of which are classified as Level 3 within the valuation hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p id="xdx_89B_ecustom--ScheduleOfAssetsMeasuredAtNonRecurringBasisTableTextBlock_z2N8r6Fb2AXi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The following table presents the Company’s assets measured at fair value on a non-recurring basis for the years ended December 31, 2024:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_8B3_zhfudpCeiiMf" style="display: none">Basis of Presentation and Summary of Significant Accounting Policies - Assets measured at non-recurring basis</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_910_eus-gaap--FairValueInputsLevel1Member_zsf59V0oXcI4" style="display: none">Level 1</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_91E_eus-gaap--FairValueInputsLevel2Member_zc8XqrIfjhT1" style="display: none">Level 2</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_916_eus-gaap--FairValueInputsLevel3Member_z1IGFxgupwn" style="display: none">Level 3</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 247.45pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Years Ended</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p></td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Fair Value <br/> as of December 31, 2024</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Quoted Prices in Active</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Markets for Identical Assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>(Level 1)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Significant</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Other Observable Inputs</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>(Level 2)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Significant Unobservable Inputs</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>(Level 3)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Gain (Loss) for</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>the Year Ended December</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>31, 2024</b></p></td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>December 31,</b></p></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"><b>Description</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.05pt"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.95pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8.3pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8.65pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.6pt 0pt 0; text-align: center"><b>$</b></p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: center">2024</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 16%; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left">Property, Plant and Equipment</p></td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90D_eus-gaap--AssetsFairValueDisclosure_c20241231_pp0p" title="Property, Plant and equipment">27,149,774</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_903_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0740">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_900_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0742">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_901_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p" title="Property, Plant and equipment">27,149,774</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">(<span id="xdx_908_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_c20240101__20241231_pp0p" title="Total Gain(Loss) for the Year">6,772,500</span></td><td style="width: 1%; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.25pt 0pt 16.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.25pt 0pt 16.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The following table presents the Company’s assets measured at fair value on a non-recurring basis for the years ended December 31, 2025:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="text-align: center"><span style="font-size: 10pt"><b>Years Ended</b></span></td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Fair Value<br/> as of December 31, 2025</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Quoted Prices in Active Markets for Identical Assets (Level 1)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Significant Other Observable Inputs  (Level 2)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Significant Unobservable Inputs  (Level 3)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Total Gain (Loss) for the Year Ended December  31, 2025</b></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 10pt"><b> December 31,</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Description</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: center">2025</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: left"><span style="font-size: 10pt">Property, Plant and Equipment</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90E_eus-gaap--AssetsFairValueDisclosure_c20251231_pp0p" title="Property, Plant and equipment">2,781,597</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_900_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0750">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_901_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0752">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_906_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p" title="Property, Plant and equipment">2,781,597</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">(<span id="xdx_90A_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_c20250101__20251231_pp0p" title="Total Gain(Loss) for the Year">23,076,873</span></td><td style="width: 1%; text-align: left">) </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: center">2025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Prepaid Land Leases</p></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--PrepaidLandLeases_iI_pp0d_c20251231_zNfaBjjDkpBh" title="Prepaid land leases">2,284,961</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_900_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zKpeOuNDqiOe" title="Prepaid land leases"><span style="-sec-ix-hidden: xdx2ixbrl0760">—</span></span></p> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_903_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zBrJMvfKqbd9" title="Prepaid land leases"><span style="-sec-ix-hidden: xdx2ixbrl0762">—</span></span></p> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zZWI6IaeUMQ3" title="Prepaid land leases">2,284,961</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(<span id="xdx_901_ecustom--GainLossOnSaleOfPrepaidLandLeases_pp0d_c20250101__20251231_zxSyx8hnmMZg" title="Total Gain(Loss) for the Year">6,991,921</span></td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8A6_zBjen5uXCUV1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 16.35pt; text-align: justify"> </p> <p id="xdx_89B_ecustom--ScheduleOfAssetsMeasuredAtNonRecurringBasisTableTextBlock_z2N8r6Fb2AXi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The following table presents the Company’s assets measured at fair value on a non-recurring basis for the years ended December 31, 2024:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_8B3_zhfudpCeiiMf" style="display: none">Basis of Presentation and Summary of Significant Accounting Policies - Assets measured at non-recurring basis</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_910_eus-gaap--FairValueInputsLevel1Member_zsf59V0oXcI4" style="display: none">Level 1</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_91E_eus-gaap--FairValueInputsLevel2Member_zc8XqrIfjhT1" style="display: none">Level 2</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_916_eus-gaap--FairValueInputsLevel3Member_z1IGFxgupwn" style="display: none">Level 3</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 247.45pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Years Ended</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p></td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Fair Value <br/> as of December 31, 2024</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Quoted Prices in Active</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Markets for Identical Assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>(Level 1)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Significant</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Other Observable Inputs</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>(Level 2)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Significant Unobservable Inputs</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>(Level 3)</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Gain (Loss) for</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>the Year Ended December</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>31, 2024</b></p></td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>December 31,</b></p></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"><b>Description</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.05pt"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.95pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8.3pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8.65pt 0pt 0.05pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.6pt 0pt 0; text-align: center"><b>$</b></p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: center">2024</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 16%; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.75pt; text-align: left">Property, Plant and Equipment</p></td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90D_eus-gaap--AssetsFairValueDisclosure_c20241231_pp0p" title="Property, Plant and equipment">27,149,774</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_903_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0740">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_900_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0742">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_901_eus-gaap--AssetsFairValueDisclosure_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p" title="Property, Plant and equipment">27,149,774</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">(<span id="xdx_908_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_c20240101__20241231_pp0p" title="Total Gain(Loss) for the Year">6,772,500</span></td><td style="width: 1%; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.25pt 0pt 16.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.25pt 0pt 16.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The following table presents the Company’s assets measured at fair value on a non-recurring basis for the years ended December 31, 2025:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="text-align: center"><span style="font-size: 10pt"><b>Years Ended</b></span></td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Fair Value<br/> as of December 31, 2025</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Quoted Prices in Active Markets for Identical Assets (Level 1)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Significant Other Observable Inputs  (Level 2)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Significant Unobservable Inputs  (Level 3)</b></span></td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Total Gain (Loss) for the Year Ended December  31, 2025</b></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 10pt"><b> December 31,</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Description</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>$</b></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: center">2025</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: left"><span style="font-size: 10pt">Property, Plant and Equipment</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90E_eus-gaap--AssetsFairValueDisclosure_c20251231_pp0p" title="Property, Plant and equipment">2,781,597</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_900_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0750">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_901_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_pp0p" title="Property, Plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl0752">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_906_eus-gaap--AssetsFairValueDisclosure_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_pp0p" title="Property, Plant and equipment">2,781,597</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">(<span id="xdx_90A_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_c20250101__20251231_pp0p" title="Total Gain(Loss) for the Year">23,076,873</span></td><td style="width: 1%; text-align: left">) </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: center">2025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Prepaid Land Leases</p></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--PrepaidLandLeases_iI_pp0d_c20251231_zNfaBjjDkpBh" title="Prepaid land leases">2,284,961</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_900_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zKpeOuNDqiOe" title="Prepaid land leases"><span style="-sec-ix-hidden: xdx2ixbrl0760">—</span></span></p> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_903_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zBrJMvfKqbd9" title="Prepaid land leases"><span style="-sec-ix-hidden: xdx2ixbrl0762">—</span></span></p> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--PrepaidLandLeases_iI_pp0d_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zZWI6IaeUMQ3" title="Prepaid land leases">2,284,961</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(<span id="xdx_901_ecustom--GainLossOnSaleOfPrepaidLandLeases_pp0d_c20250101__20251231_zxSyx8hnmMZg" title="Total Gain(Loss) for the Year">6,991,921</span></td><td style="text-align: left">)</td></tr> </table> 27149774 27149774 6772500 2781597 2781597 23076873 2284961 2284961 6991921 <p id="xdx_84D_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zAilDQ4GwyDa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(u)</td><td><span id="xdx_864_zFjnvnb470M9">Loss Contingencies</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company accrues for loss contingencies relating to legal matters, including litigation defense costs, claims and other contingent matters, including liquidated damage liabilities, when such liabilities become probable and reasonably able to be estimated. Such estimates may be based on advice from third parties or on management’s judgment, as appropriate. Revisions to accruals are reflected in income (loss) in the period in which different facts or information become known or circumstances change that affect the Company’s previous assumptions with respect to the likelihood or amount of loss. Amounts paid upon the ultimate resolution of such liabilities may be materially different from previous estimates.</p> <p id="xdx_844_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zCGT0Ai9zRL9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(v)</td><td><span id="xdx_868_zRm7aa6pXs2i">Stock-based Compensation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company accounts for stock-based compensation under the provisions of FASB ASC 718, <i>Compensation Stock Compensation, </i>which requires the measurement and recognition of compensation expense for all stock-based awards made to employees and directors based on estimated fair values on the grant date. The Company estimates the fair value of stock-based awards on the date of grant using the Black- Scholes model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods using the straight-line method. In June 2018, the FASB issued ASU No. 201807, <i>Compensation </i>- <i>Stock Compensation (Topic </i>7<i>I8), Improvements to Nonemployee Share-Based Payment Accounting.</i> The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from non-employees. Prior to this Update, Topic 718 applied only to share-based transactions to employees. Consistent with the accounting requirement for employee share-based payment awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments that an entity is obligated to issue when the good has been delivered or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. The Company has elected to account for the forfeiture of stock-based awards as they occur.</p> <p id="xdx_84C_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_z25EcuTLPiOc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(w)</td><td><span id="xdx_866_zegoXSio89kd">New Accounting Pronouncements</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">Recent accounting pronouncements adopted</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 14.45pt; margin-bottom: 0pt; text-align: left">There was no recent accounting pronouncements adopted for the year ended December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.45pt 0pt 15.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">Recently Issued Accounting Pronouncements Not Yet Adopted</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In November 2024, the FASB issued ASU No. 2024-03, <i>Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40), </i>which requires disaggregated disclosure of income statement expenses for public business entities. The objective of ASU 2024-03 is to “address requests from investors for more detailed information about the types of expenses . . . in commonly presented expense captions (such as cost of sales, selling, general, and administrative expenses, and research and development).” Investors advised the FASB that “disclosure of disaggregated information about expenses is critically important in understanding an entity’s performance, assessing an entity’s prospects for future cash flows, and comparing an entity’s performance over time and with that of other entities.” ASU 2024-03 adds ASC 220-40 to require a footnote disclosure about specific expenses by requiring public entities to disaggregate, in a tabular presentation, each relevant expense caption on the face of the income statement that includes any of the following natural expenses: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization (DD&amp;A) recognized as part of oil- and gas-producing activities or other types of depletion expenses. The tabular disclosure would also include certain other expenses, when applicable. The ASU does not change or remove existing expense disclosure requirements; however, it may affect where that information appears in the footnotes to the financial statements. ASU 2024-03 is effective for all public entities for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company does not expect the adoption to have a material impact on the consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU addresses challenges encountered when applying the guidance in Topic 326, Financial Instruments—Credit Losses, to current accounts receivable and current contract assets arising from transactions accounted for under Topic 606, Revenue from Contracts with Customers. The amendments will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is in the process of assessing the impact of the amendments on the Company’s consolidated financial statements. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p id="xdx_804_ecustom--DisposalSubsidiariesTextBlock_zdlfg7YeyTqb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">NOTE 2 – <span id="xdx_822_ziYKwd3MN8cb">DISPOSAL OF SUBSIDIARY</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On December 10, 2025, SCHC entered into an equity transfer agreement with Shandong Rongyuan Pharmaceutical Co., Ltd. and SYCI. Pursuant to the agreement, Shandong Rngyuan Pharmaceutical Co., Ltd. agreed to purchase 100% of the equity interest in SYCI for an aggregate consideration of RMB 21.2 million (US$ 2,999,304). The transaction was completed on December 22, 2025. The Company recognized a disposal gain of $674,776, calculated as the difference between consideration received and the carrying value of the subsidiaries’ net assets after adjusting for foreign currency translation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p id="xdx_89B_ecustom--ScheduleOfGainOnDisposalOfSubsidiariesAndOtherAssetsTableTextBlock_zf1t1Ir2Xjxb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As a result of the disposal, the Company recognized a gain <span style="font-size: 10pt">from the disposal of subsidiary amounted </span>of $674,776 during the years ended December 31, 2025. The following table summarizes the total consideration received and assets disposed in the current period:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span id="xdx_8BB_zQJqpxgGwre2" style="display: none">Disposal Of Subsidiaries - Gain On Disposal Of Subsidiaries And Other Assets</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font-style: normal; font-weight: normal"> </span></td><td><span style="font-style: normal; font-weight: normal"> </span></td> <td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td id="xdx_495_20251231__srt--CounterpartyNameAxis__custom--SubsidiarieMember_zcxji7CoZZ65" style="text-align: right"><span style="font-style: normal; font-weight: normal"> </span></td><td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total consideration (sale price)</span></td><td style="width: 1%; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="width: 1%; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal">$</span></td><td style="width: 12%; font-weight: bold; text-align: right"><span id="xdx_900_eus-gaap--BusinessCombinationConsiderationTransferred1_pp0d_c20250101__20251231__srt--CounterpartyNameAxis__custom--SubsidiarieMember_z1lLbqMXteOc" style="font-style: normal; font-weight: normal">2,999,304</span></td><td style="width: 1%; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font-style: normal; font-weight: normal"> </span></td><td><span style="font-style: normal; font-weight: normal"> </span></td> <td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="text-align: right"><span style="font-style: normal; font-weight: normal"> </span></td><td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_400_eus-gaap--Assets_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total assets</span></td><td style="font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">3,991,526</span></td><td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_40F_eus-gaap--Liabilities_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total liabilities</span></td><td style="font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">7,554,434</span></td><td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_407_eus-gaap--AssetsNet_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total net assets</span></td><td style="font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">(3,562,908</span></td><td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal">) </span></td></tr> <tr id="xdx_40F_ecustom--ForeignExchangeDifference_iI_pp0d_zyh6oDsh4vj5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Less:Total foreign exchange difference</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">5,887,436</span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_404_ecustom--Subtotal_iI_pp0d_zIu4ypRJtss8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left; padding-left: 0.35pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Subtotal</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">2,324,528</span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total gain on disposal of subsidiary</span></td><td style="padding-bottom: 2.5pt; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal">$</span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_909_eus-gaap--GainOrLossOnSaleOfStockInSubsidiary_pp0d_c20250101__20251231__srt--CounterpartyNameAxis__custom--SubsidiarieMember_zDz6fS70eu6i" style="font-style: normal; font-weight: normal">674,776</span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> </table> <p id="xdx_8A4_zH8Qb23aczR4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0; text-align: center"></p> <p id="xdx_89B_ecustom--ScheduleOfGainOnDisposalOfSubsidiariesAndOtherAssetsTableTextBlock_zf1t1Ir2Xjxb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As a result of the disposal, the Company recognized a gain <span style="font-size: 10pt">from the disposal of subsidiary amounted </span>of $674,776 during the years ended December 31, 2025. The following table summarizes the total consideration received and assets disposed in the current period:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span id="xdx_8BB_zQJqpxgGwre2" style="display: none">Disposal Of Subsidiaries - Gain On Disposal Of Subsidiaries And Other Assets</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font-style: normal; font-weight: normal"> </span></td><td><span style="font-style: normal; font-weight: normal"> </span></td> <td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td id="xdx_495_20251231__srt--CounterpartyNameAxis__custom--SubsidiarieMember_zcxji7CoZZ65" style="text-align: right"><span style="font-style: normal; font-weight: normal"> </span></td><td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total consideration (sale price)</span></td><td style="width: 1%; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="width: 1%; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal">$</span></td><td style="width: 12%; font-weight: bold; text-align: right"><span id="xdx_900_eus-gaap--BusinessCombinationConsiderationTransferred1_pp0d_c20250101__20251231__srt--CounterpartyNameAxis__custom--SubsidiarieMember_z1lLbqMXteOc" style="font-style: normal; font-weight: normal">2,999,304</span></td><td style="width: 1%; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font-style: normal; font-weight: normal"> </span></td><td><span style="font-style: normal; font-weight: normal"> </span></td> <td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="text-align: right"><span style="font-style: normal; font-weight: normal"> </span></td><td style="text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_400_eus-gaap--Assets_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total assets</span></td><td style="font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">3,991,526</span></td><td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_40F_eus-gaap--Liabilities_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total liabilities</span></td><td style="font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">7,554,434</span></td><td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_407_eus-gaap--AssetsNet_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total net assets</span></td><td style="font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">(3,562,908</span></td><td style="font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal">) </span></td></tr> <tr id="xdx_40F_ecustom--ForeignExchangeDifference_iI_pp0d_zyh6oDsh4vj5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Less:Total foreign exchange difference</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">5,887,436</span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_404_ecustom--Subtotal_iI_pp0d_zIu4ypRJtss8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left; padding-left: 0.35pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Subtotal</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-style: normal; font-weight: normal">2,324,528</span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-left: 0.35pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left; padding-left: 0.35pt"><span style="font-style: normal; font-weight: normal">Total gain on disposal of subsidiary</span></td><td style="padding-bottom: 2.5pt; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal">$</span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_909_eus-gaap--GainOrLossOnSaleOfStockInSubsidiary_pp0d_c20250101__20251231__srt--CounterpartyNameAxis__custom--SubsidiarieMember_zDz6fS70eu6i" style="font-style: normal; font-weight: normal">674,776</span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="font-style: normal; font-weight: normal"> </span></td></tr> </table> 2999304 3991526 7554434 -3562908 5887436 2324528 674776 <p id="xdx_80F_eus-gaap--AccountsAndNontradeReceivableTextBlock_zuqxPqXJbV6e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">NOTE 3 – <span id="xdx_823_z3xSrPPu14Lk">ACCOUNTS RECEIVABLE, NET</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">  </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"> Accounts receivable consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_zGXdQ3leenlf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable, Net - Schedule of Accounts, Note, Loans and Financing (Details)"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts receivable</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_902_eus-gaap--AccountsReceivableGross_c20251231_pp0p" title="Accounts receivable">3,285,850</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_903_eus-gaap--AccountsReceivableGross_c20241231_pp0p" title="Accounts receivable">594,234</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Allowance for doubtful debt</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iNI_pp0d_di_c20251231_zGIdsBZtRI8g" title="Allowance for doubtful debt">(16,430</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iNI_pp0d_di_c20241231_zefHdVzGN3Rj" title="Allowance for doubtful debt">(29,711</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--AccountsReceivableNet_c20251231_pp0p" title="Accounts receivable, net">3,269,420</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90C_eus-gaap--AccountsReceivableNet_c20241231_pp0p" title="Accounts receivable, net">564,523</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The overall accounts receivable balance as of December 31, 2025 increased by $<span id="xdx_904_eus-gaap--IncreaseDecreaseInAccountsAndOtherReceivables_c20250101__20251231_pp0p" title="Increase (Decrease) in Accounts and Other Receivables">2,704,897</span> compared to those of December 31, 2024. The increase in accounts receivable is due to the increase in sales revenue. We have policies in place to ensure that sales are made to customers with an appropriate credit history. We perform ongoing credit evaluation on the financial condition of our customer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_zGXdQ3leenlf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable, Net - Schedule of Accounts, Note, Loans and Financing (Details)"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts receivable</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_902_eus-gaap--AccountsReceivableGross_c20251231_pp0p" title="Accounts receivable">3,285,850</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_903_eus-gaap--AccountsReceivableGross_c20241231_pp0p" title="Accounts receivable">594,234</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Allowance for doubtful debt</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iNI_pp0d_di_c20251231_zGIdsBZtRI8g" title="Allowance for doubtful debt">(16,430</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iNI_pp0d_di_c20241231_zefHdVzGN3Rj" title="Allowance for doubtful debt">(29,711</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--AccountsReceivableNet_c20251231_pp0p" title="Accounts receivable, net">3,269,420</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90C_eus-gaap--AccountsReceivableNet_c20241231_pp0p" title="Accounts receivable, net">564,523</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 3285850 594234 16430 29711 3269420 564523 2704897 <p id="xdx_809_eus-gaap--InventoryDisclosureTextBlock_zzj4Amn5uWF4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 4 – <span id="xdx_829_zzaXlCPyhSc">INVENTORIES</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p id="xdx_899_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zghMdprhi5X5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Inventories consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_8BC_zfbF4F7KrWul" style="display: none">Inventories - Schedule of Inventories, Current</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49E_20251231_zPYdZFukVxzc" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" id="xdx_494_20241231_zraHHqjqtP1b" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr id="xdx_406_eus-gaap--InventoryRawMaterials_iI_pp0d_maINz3Lv_zK9qoiX5q2L4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Raw materials</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">20,079</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">10,610</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--InventoryFinishedGoodsNetOfReserves_iI_pp0d_maINz3Lv_z6mPMkMiqWN9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Finished goods</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">838,360</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,545,521</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--LessImpairment_iI_pp0d_maINz3Lv_z1yEcWZI6zG6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(295,622</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,240,760</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InventoryNet_iTI_pp0d_mtINz3Lv_zwOMociMezH" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventory, net</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">562,817</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">315,371</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zuzX4TjS18k1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company recorded impairment charges for slow moving inventory in the amounts of $<span id="xdx_901_eus-gaap--InventoryWriteDown_pp0d_c20250101__20251231_zFDQp4Egf346" title="Recorded impairment charges for slow moving inventories">293,586</span> and $<span id="xdx_906_eus-gaap--InventoryWriteDown_pp0d_c20240101__20241231_zBrhFfj7hGRj" title="Recorded impairment charges for slow moving inventories">989,035</span> for the years ended December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_899_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zghMdprhi5X5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Inventories consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_8BC_zfbF4F7KrWul" style="display: none">Inventories - Schedule of Inventories, Current</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49E_20251231_zPYdZFukVxzc" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" id="xdx_494_20241231_zraHHqjqtP1b" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr id="xdx_406_eus-gaap--InventoryRawMaterials_iI_pp0d_maINz3Lv_zK9qoiX5q2L4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Raw materials</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">20,079</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">10,610</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--InventoryFinishedGoodsNetOfReserves_iI_pp0d_maINz3Lv_z6mPMkMiqWN9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Finished goods</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">838,360</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,545,521</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--LessImpairment_iI_pp0d_maINz3Lv_z1yEcWZI6zG6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(295,622</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,240,760</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InventoryNet_iTI_pp0d_mtINz3Lv_zwOMociMezH" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventory, net</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">562,817</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">315,371</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 20079 10610 838360 1545521 -295622 -1240760 562817 315371 293586 989035 <p id="xdx_803_eus-gaap--OtherAssetsDisclosureTextBlock_zlBoKiZtW0Dl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt"></span>NOTE 5 – <span id="xdx_82D_zcSP0lUN4Wa1">PREPAYMENTS AND DEPOSITS, NET</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_895_eus-gaap--DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_zjnL4S5SbIng" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt"></span>Prepayments and deposits consist of the following:</p> <p style="margin: 0"><span id="xdx_8BF_z2rN5l0G9vD1" style="display: none">Prepayments and Deposits, Net - Schedule of Prepayments and Deposits, Net</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49E_20251231_zBBoUTa5nDgi" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20241231_zwzw1qoO1pZc" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_40E_eus-gaap--Supplies_iI_pp0d_z3LvGfSR75G8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Prepayments and deposits</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">5,625,945</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">8,025,110</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent_iNI_pp0d_di_zksKTP4MzbLh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Provision for impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,685,900</td><td style="border-bottom: Black 1pt solid; text-align: left">) </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,648,454</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt"><span style="font-style: normal; font-weight: normal">Prepayments and deposits, net</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,940,045</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,376,656</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8A3_zX1rdxwQQcse" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt">For the year December 31, 2025 and 2024, the Company recognized provision of nil <span id="xdx_909_eus-gaap--ProvisionForLossOnContracts_iI_pp0d_c20251231_zZclwFSPe7dh" style="display: none" title="Recorded provision for prepayments and deposits">0</span> and $<span id="xdx_900_eus-gaap--ProvisionForLossOnContracts_iI_pp0d_c20241231_zaofDgoJcA82" title="Recorded provision for prepayments and deposits">1,663,933</span> for the prepayments and deposits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p id="xdx_895_eus-gaap--DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_zjnL4S5SbIng" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt"></span>Prepayments and deposits consist of the following:</p> <p style="margin: 0"><span id="xdx_8BF_z2rN5l0G9vD1" style="display: none">Prepayments and Deposits, Net - Schedule of Prepayments and Deposits, Net</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49E_20251231_zBBoUTa5nDgi" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20241231_zwzw1qoO1pZc" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_40E_eus-gaap--Supplies_iI_pp0d_z3LvGfSR75G8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Prepayments and deposits</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">5,625,945</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">8,025,110</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent_iNI_pp0d_di_zksKTP4MzbLh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Provision for impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,685,900</td><td style="border-bottom: Black 1pt solid; text-align: left">) </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,648,454</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt"><span style="font-style: normal; font-weight: normal">Prepayments and deposits, net</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,940,045</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,376,656</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 5625945 8025110 1685900 1648454 3940045 6376656 0 1663933 <p id="xdx_800_ecustom--OtherReceivablesNetTextBlock_zpY4VZFtgw76" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">NOTE 6 –<span id="xdx_829_zLeqaqyJv06a">OTHER RECEIVABLES,NET</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 19pt"> </p> <p id="xdx_89A_ecustom--OtherReceivableTableTextBlock_znLO6sTFEvW1" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">Other receivables consisted of the following: </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><span id="xdx_8B1_z3UetHsW9B17" style="display: none">Other Receivable, Net - Schedule of Other Receivable</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 19pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20251231_zQNwMR7d25ta" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20241231_zYnGtE1MoMe4" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_404_ecustom--OtherLoanReceivable_iI_pp0d_zYu2p4LwOrL6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%">Loan receivable<span id="xdx_F49_zVt5WWvpkxag">(1)</span></td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">14,355,283</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0857">—</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--ProceedsReceivableFromSaleOfSubsidiaryOther_iI_pp0d_zGkJdTOOWM36" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Proceeds receivable from sale of subsidiary<span id="xdx_F41_zKnPDSgYiBr4">(2)</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,416,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0860">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherReceivables_iI_pp0d_zUEHhGuashb7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">559</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,074</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherReceivablesNetCurrent_iI_pp0d_zYM8dcvZueQl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt"><span style="font-style: normal; font-weight: normal">Other receivables, net</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">16,771,928</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">94,074</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 19pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td id="xdx_F03_zYSR1mOAvcbj" style="width: 20pt; text-align: left">(1)</td><td id="xdx_F14_zzQaabazubz3" style="text-align: justify">During the year ended December 31, 2025, the Company entered into five borrowing arrangements with a third party for an aggregate principal amount of $14,160,101, bearing interest at 9% per annum. Certain borrowings were guaranteed by individuals or entities or secured by certain assets. As of December 31, 2025, the aggregate accrued and unpaid interest related to these borrowings was $195,182.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 20pt; text-indent: 0pt">To date, all of the above borrowings, including the related accrued interest, had been fully repaid.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td id="xdx_F05_zQwUfC6LcJ4j" style="width: 20pt; text-align: left">(2)</td><td id="xdx_F12_zqrmmqDHdtD6" style="text-align: justify">There was $2,416,086 receivable from the sale of the Company’s subsidiary, SYCI, which is due in 2026 from Shandong Rongyuan Pharmaceutical Co., Ltd.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p id="xdx_8A6_z9k6QnAdLXi1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 16.45pt; text-align: justify"> </p> <p id="xdx_89A_ecustom--OtherReceivableTableTextBlock_znLO6sTFEvW1" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">Other receivables consisted of the following: </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><span id="xdx_8B1_z3UetHsW9B17" style="display: none">Other Receivable, Net - Schedule of Other Receivable</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 19pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20251231_zQNwMR7d25ta" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20241231_zYnGtE1MoMe4" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_404_ecustom--OtherLoanReceivable_iI_pp0d_zYu2p4LwOrL6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%">Loan receivable<span id="xdx_F49_zVt5WWvpkxag">(1)</span></td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">14,355,283</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0857">—</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--ProceedsReceivableFromSaleOfSubsidiaryOther_iI_pp0d_zGkJdTOOWM36" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Proceeds receivable from sale of subsidiary<span id="xdx_F41_zKnPDSgYiBr4">(2)</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,416,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0860">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherReceivables_iI_pp0d_zUEHhGuashb7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">559</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,074</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherReceivablesNetCurrent_iI_pp0d_zYM8dcvZueQl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt"><span style="font-style: normal; font-weight: normal">Other receivables, net</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">16,771,928</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">94,074</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 19pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td id="xdx_F03_zYSR1mOAvcbj" style="width: 20pt; text-align: left">(1)</td><td id="xdx_F14_zzQaabazubz3" style="text-align: justify">During the year ended December 31, 2025, the Company entered into five borrowing arrangements with a third party for an aggregate principal amount of $14,160,101, bearing interest at 9% per annum. Certain borrowings were guaranteed by individuals or entities or secured by certain assets. As of December 31, 2025, the aggregate accrued and unpaid interest related to these borrowings was $195,182.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 20pt; text-indent: 0pt">To date, all of the above borrowings, including the related accrued interest, had been fully repaid.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td id="xdx_F05_zQwUfC6LcJ4j" style="width: 20pt; text-align: left">(2)</td><td id="xdx_F12_zqrmmqDHdtD6" style="text-align: justify">There was $2,416,086 receivable from the sale of the Company’s subsidiary, SYCI, which is due in 2026 from Shandong Rongyuan Pharmaceutical Co., Ltd.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> 14355283 2416086 559 94074 16771928 94074 <p id="xdx_806_ecustom--PrepaidLandLeaseTextBlock_zJdAa8xQGnf6" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">NOTE 7 – <span id="xdx_822_zxGFJTdBKiW3">PREPAID LAND LEASES</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company has the rights to use certain parcels of land located in Shouguang, Shandong, PRC, through lease agreements signed with local townships or the government authority. The production facilities and warehouses of the Company are located on these parcels of land. The lease term ranges from <span id="xdx_902_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dxL_c20251231__srt--RangeAxis__srt--MinimumMember_z55EnNMSex9c" title="Lease term of contract::XDX::P10Y"><span style="-sec-ix-hidden: xdx2ixbrl0872">ten</span></span> to <span id="xdx_909_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dxL_c20251231__srt--RangeAxis__srt--MaximumMember_ziFJCyZggmmh" title="Lease term of contract::XDX::P50Y"><span style="-sec-ix-hidden: xdx2ixbrl0874">fifty</span></span> years. Some of the lease contracts were paid in one lump sum upfront and some are paid annually at the beginning of each anniversary date. These leases have no purchase option at the end of the lease term and were classified as operating leases prior to and as of January 1, 2019 when the new lease standard was adopted. Prior to January 2019, the prepaid land lease was amortized on a straight line basis. As of January 1, 2019, all the leases in which term has commenced and were in use were classified as operating lease right-of-use assets (“ROU”). See Note 10.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In December 2017, the Company paid a one lump sum upfront amount of $<span id="xdx_90D_ecustom--PrepaidLeaseForParcelOfLand_iI_c20171231_zbKSF0qOL2Ff" title="Prepaid 50-year lease for parcel of land">9,047,232</span> for a 50-year lease of a parcel of land at Bohai Marine Fine Chemical Industrial Park (“Bohai”) for the new chemical factory to be built. There is no purchase option at the end of the lease term. This was classified as an operating lease prior to and as of January 1, 2019. The land use certificate was issued on October 25, 2019. The lease term expires on August 12, 2069. The leased land was impaired by $<span id="xdx_905_eus-gaap--ProductionRelatedImpairmentsOrCharges_c20170101__20171231_zYy9rg1F6Kr5">6,991,921</span> based on an independent third-party valuation report and was subsequently auctioned by the court.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> 9047232 6991921 <p id="xdx_80E_eus-gaap--PropertyPlantAndEquipmentDisclosureTextBlock_zEmJhJ8kGoE4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt"></span>NOTE 8 – <span id="xdx_823_z5W870xeVRIk">PROPERTY, PLANT AND EQUIPMENT, NET</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_890_eus-gaap--PropertyPlantAndEquipmentTextBlock_zRTGBUoldY8k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Property, plant and equipment, net consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BD_ziOUuMtbuRUl" style="display: none">Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49E_20251231_zYbB2uTkPOJd" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20241231_zhGb0WyyFEp2" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr id="xdx_40B_ecustom--AtCostAbstract_iB_zRm7i8MSRcI2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">At cost:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--MineralPropertiesGross_i01I_pp0d_maPPAEGzqKQ_z5VAzuKIxe65" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Mineral rights</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">2,743,826</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">2,682,882</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LeaseholdImprovementsGross_i01I_pp0d_maPPAEGzqKQ_z02tdMuh7dvi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Leasehold Improvements</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,053,292</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,507,367</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentOther_i01I_pp0d_maPPAEGzqKQ_zapSYIu8VMnd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Plant and machinery</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">125,170,996</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">143,839,420</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--FurnitureAndFixturesGross_i01I_pp0d_maPPAEGzqKQ_z3TNlO7OhZgd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Furniture, fixtures and office equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">833,046</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,435,090</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--VehiclesGross_i01I_pp0d_maPPAEGzqKQ_zn5swSUOvhz7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Motor vehicles</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,603</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,215</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ConstructionInProgressGross_i01I_pp0d_maPPAEGzqKQ_zEZ1OmNJVH4j" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Construction in process</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0908">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,155,642</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--PropertyPlantAndEquipmentGross_i01TI_pp0d_mtPPAEGzqKQ_maPPAENzcWM_zd3rviX3rho8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141,830,763</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">161,744,616</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_i01NI_pp0d_di_msPPAENzcWM_zUhcWkcla3X1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less: Accumulated depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(79,598,798</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(65,569,186</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--PropertyPlantAndEquipmentImpairmentCost_i01I_pp0d_maPPAENzcWM_zYyJb4mGimD2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Less: Impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(287,865</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,744,380</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--PropertyPlantAndEquipmentNet_i01TI_pp0d_mtPPAENzcWM_zoGx3qanVBoj" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Net book value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">61,944,100</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">89,431,050</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8AC_zih4ACDeZPQ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify"> </p> <p id="xdx_89B_ecustom--ScheduleOfRollforwardOfPropertyPlantAndEquipmentTableTextBlock_zuI7SdWH945a" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left">The rollforward of property, plant and equipment, net were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8BC_zMD63WnxeL" style="display: none">Property, Plant and Equipment, Net - Schedule of Rollforward of Property, Plant and Equipment</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left">  </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49F_20241231_zJ4A9VqgLv98" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_495_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RenovatingSaltworksMember_zDOSECwpin69" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49C_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RemodelChlorineShedMember_zYVxPKbqopM1" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49D_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ImpairmentMember_zaHeC8dN7xN2" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_490_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DisposalOfFixedAssetMember_z42m89tR12o" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_494_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DepreciationMember_zvEO6kOgF886" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49E_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DisposalOfSubsidiaryMember_zJUqiquvieJf" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_492_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ForeignCurrencyTranslationMember_zehAokqVur73" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49C_20251231_ziBhqz2WV232" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">December 31, 2024</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Renovating Salt Pan(a)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Remodel chlorine shed(b)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Impairment(c)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Disposal of fixed asse(d)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Depreciation(e)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Disposal of subsidiary(f)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 8pt">Foreign currency <br/></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 8pt">translation(g)</span></p></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">December 31, 2025</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">At cost:</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_405_ecustom--MineralRightsCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; width: 10%; text-align: left"><span style="font-size: 8pt">Mineral rights</span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt">2,682,882</span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0926">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0927">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0928">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0929">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0930">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0931">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt">60,944</span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt">2,743,826</span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_409_ecustom--LeaseholdImprovementsCost_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Leasehold <br/>Improvements</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">3,507,367</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,129,878</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">204,775</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0938">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0939">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0940">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0941">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">211,272</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">13,053,292</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_402_ecustom--PlantAndMachineryCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Plant and <br/>machinery</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">143,839,420</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0946">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0947">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0948">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(21,627,487</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0950">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0951">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">2,959,063</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">125,170,996</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_407_ecustom--FurnitureFixturesAndOfficeEquipmentCost_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Furniture, fixtures and office <br/>equipment</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">1,435,090</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0956">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0957">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0958">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0959">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0960">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(630,271</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">28,227</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">833,046</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40E_ecustom--MotorVehiclesCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Motor vehicles</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">124,215</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0966">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0967">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0968">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0969">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0970">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(96,762</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">2,150</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">29,603</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_400_ecustom--ConstructionInProcessCost_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Construction <br/>in process</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">10,155,642</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0976">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0977">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0978">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(10,240,327</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0980">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0981">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">84,685</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0983">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_405_ecustom--TotalCost_iI_pp0d_zClVEkLfpit1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt"><span style="font-size: 8pt">Total</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">161,744,616</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,129,878</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">204,775</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0988">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(31,867,814</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0990">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(727,033</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">3,346,341</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">141,830,763</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_400_ecustom--LessAccumulatedDepreciationAndAmortizationCost_iNI_pp0d_di_zE4cy4VMyCh3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Less: Accumulated depreciation and <br/>amortization</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(65,569,186</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0996">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,986</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0998">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0999">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(13,065,486</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">722,195</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(1,696,307</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(79,598,798</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr id="xdx_403_ecustom--ImpairmentCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt"><span style="font-size: 8pt">Less: Impairment</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(6,744,380</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1006">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1007">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(23,076,873</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">29,591,610</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1010">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1011">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(58,222</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(287,865</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr id="xdx_406_ecustom--NetBookValueCost_iI_pp0d_zm8Hz2I00Wkh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt"><span style="font-size: 8pt">Net book value</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">89,431,050</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,129,878</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">214,761</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(23,076,873</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(2,276,204</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(13,065,486</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(4,838</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">1,591,812</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">61,944,100</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in">(a)<span style="font-family: Times New Roman, Times, Serif">  For those crude salt pans acquired in fiscal year 2024, the Company completed renovation and upgrade activities during fiscal year 2025, with a total cost of $<span id="xdx_900_ecustom--TotalCost_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RenovatingSaltworksMember_ziGiHzU31kTa" title="Total cost">9,129,878</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in">(b) The Company completed renovation and upgrade work on the chlorine shed during fiscal year 2025, with a total cost of $<span id="xdx_901_ecustom--TotalTransferPrice_c20250101__20251231_zxHPRfcYV6bf" title="Total transfer price"><span id="xdx_903_ecustom--TotalTransferPrice_c20250101__20251231_zXPRtP8ZV8E" title="Total transfer price">214,761</span></span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left">(c) The Company recognized the impairment of $<span id="xdx_905_ecustom--ImpairmentCost_iNI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ImpairmentMember_zn0BnFbzHK3k" title="Impairment cost">23,076,873</span> based on independent valuation reports. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"><span id="xdx_91F_eus-gaap--FurnitureAndFixturesMember_zQw3iGqsnBlb" style="display: none">Furniture and fixtures</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in">(d)<span style="font-family: Times New Roman, Times, Serif">  </span>During the year ended December 31, 2025, a piece of land with a value of $<span id="xdx_900_ecustom--NetBookValueCost_iNI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DisposalOfFixedAssetMember_zehzGpkceem9" title="Net book value">2,276,204 was disposed</span> due to court-ordered auction.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in">(e) During the year ended December 31, 2025, depreciation and amortization expense totaled $<span id="xdx_90C_eus-gaap--DepreciationDepletionAndAmortization_c20250101__20251231_pp0p" title="Depreciation and amortization expense">13,065,486</span> were recorded in direct labor and factory overheads incurred during plant shutdown, cost of revenue, and general &amp; administrative expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in">During the year ended December 31, 2024, depreciation and amortization expense totaled $<span id="xdx_90F_eus-gaap--DepreciationDepletionAndAmortization_pp0d_c20240101__20241231_zbqnY8qJj3Ll" title="Depreciation and amortization expense">15,819,827</span> were recorded in direct labor and factory overheads incurred during plant shutdown, cost of revenue, and general &amp; administrative expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left">(f) On December 22, 2025, the SYCI was sold. The net value of transferred fixed assets was $<span id="xdx_901_ecustom--NetValueOfTransferredFixedAssets_pp0d_c20250102__20251222_zH2qOuSvcmk3" title="Net value of transferred fixed assets">727,033</span>, including furniture, fixtures and office equipment of $<span id="xdx_906_ecustom--NetValueOfTransferredFixedAssets_pp0d_c20250102__20251222__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zOnS4SbZWbi6" title="Net value of transferred fixed assets">630,271</span>, motor vehicles of $<span id="xdx_900_ecustom--NetValueOfTransferredFixedAssets_pp0d_c20250102__20251222__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember_zOafqOFvrBA8" title="Net value of transferred fixed assets">96,762 </span>and accumulated depreciation and amortization of $<span id="xdx_90C_ecustom--AccumulatedDepreciationOnScrappedFixedAssets_pp0d_c20250102__20251222_zSxygLIBGBg3" title="Accumulated depreciation on scrapped fixed assets">722,195</span>. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"></p> <p id="xdx_8AD_zNTst2zMyNhl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">See <i>Note 26- Restatement, </i>for discussion regarding the impact of the Restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <p id="xdx_890_eus-gaap--PropertyPlantAndEquipmentTextBlock_zRTGBUoldY8k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Property, plant and equipment, net consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BD_ziOUuMtbuRUl" style="display: none">Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49E_20251231_zYbB2uTkPOJd" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20241231_zhGb0WyyFEp2" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr id="xdx_40B_ecustom--AtCostAbstract_iB_zRm7i8MSRcI2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">At cost:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--MineralPropertiesGross_i01I_pp0d_maPPAEGzqKQ_z5VAzuKIxe65" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Mineral rights</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">2,743,826</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">2,682,882</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LeaseholdImprovementsGross_i01I_pp0d_maPPAEGzqKQ_z02tdMuh7dvi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Leasehold Improvements</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,053,292</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,507,367</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentOther_i01I_pp0d_maPPAEGzqKQ_zapSYIu8VMnd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Plant and machinery</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">125,170,996</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">143,839,420</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--FurnitureAndFixturesGross_i01I_pp0d_maPPAEGzqKQ_z3TNlO7OhZgd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Furniture, fixtures and office equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">833,046</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,435,090</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--VehiclesGross_i01I_pp0d_maPPAEGzqKQ_zn5swSUOvhz7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Motor vehicles</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,603</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,215</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ConstructionInProgressGross_i01I_pp0d_maPPAEGzqKQ_zEZ1OmNJVH4j" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Construction in process</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0908">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,155,642</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--PropertyPlantAndEquipmentGross_i01TI_pp0d_mtPPAEGzqKQ_maPPAENzcWM_zd3rviX3rho8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141,830,763</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">161,744,616</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_i01NI_pp0d_di_msPPAENzcWM_zUhcWkcla3X1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less: Accumulated depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(79,598,798</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(65,569,186</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--PropertyPlantAndEquipmentImpairmentCost_i01I_pp0d_maPPAENzcWM_zYyJb4mGimD2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Less: Impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(287,865</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,744,380</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--PropertyPlantAndEquipmentNet_i01TI_pp0d_mtPPAENzcWM_zoGx3qanVBoj" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Net book value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">61,944,100</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">89,431,050</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 2743826 2682882 13053292 3507367 125170996 143839420 833046 1435090 29603 124215 10155642 141830763 161744616 79598798 65569186 -287865 -6744380 61944100 89431050 <p id="xdx_89B_ecustom--ScheduleOfRollforwardOfPropertyPlantAndEquipmentTableTextBlock_zuI7SdWH945a" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left">The rollforward of property, plant and equipment, net were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8BC_zMD63WnxeL" style="display: none">Property, Plant and Equipment, Net - Schedule of Rollforward of Property, Plant and Equipment</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left">  </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49F_20241231_zJ4A9VqgLv98" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_495_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RenovatingSaltworksMember_zDOSECwpin69" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49C_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RemodelChlorineShedMember_zYVxPKbqopM1" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49D_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ImpairmentMember_zaHeC8dN7xN2" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_490_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DisposalOfFixedAssetMember_z42m89tR12o" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_494_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DepreciationMember_zvEO6kOgF886" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49E_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DisposalOfSubsidiaryMember_zJUqiquvieJf" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_492_20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ForeignCurrencyTranslationMember_zehAokqVur73" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td><td style="padding-bottom: 0pt"> </td> <td style="padding-bottom: 0pt; text-align: left"> </td><td id="xdx_49C_20251231_ziBhqz2WV232" style="padding-bottom: 0pt; text-align: right"> </td><td style="padding-bottom: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">December 31, 2024</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Renovating Salt Pan(a)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Remodel chlorine shed(b)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Impairment(c)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Disposal of fixed asse(d)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Depreciation(e)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Disposal of subsidiary(f)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 8pt">Foreign currency <br/></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 8pt">translation(g)</span></p></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">December 31, 2025</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">At cost:</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_405_ecustom--MineralRightsCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; width: 10%; text-align: left"><span style="font-size: 8pt">Mineral rights</span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt">2,682,882</span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0926">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0927">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0928">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0929">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0930">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0931">—</span></span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt">60,944</span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; width: 1%"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; width: 8%; text-align: right"><span style="font-size: 8pt">2,743,826</span></td><td style="padding-bottom: 0pt; width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_409_ecustom--LeaseholdImprovementsCost_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Leasehold <br/>Improvements</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">3,507,367</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,129,878</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">204,775</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0938">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0939">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0940">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0941">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">211,272</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">13,053,292</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_402_ecustom--PlantAndMachineryCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Plant and <br/>machinery</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">143,839,420</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0946">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0947">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0948">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(21,627,487</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0950">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0951">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">2,959,063</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">125,170,996</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_407_ecustom--FurnitureFixturesAndOfficeEquipmentCost_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Furniture, fixtures and office <br/>equipment</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">1,435,090</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0956">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0957">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0958">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0959">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0960">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(630,271</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">28,227</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">833,046</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40E_ecustom--MotorVehiclesCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Motor vehicles</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">124,215</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0966">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0967">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0968">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0969">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0970">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(96,762</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">2,150</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">29,603</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_400_ecustom--ConstructionInProcessCost_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Construction <br/>in process</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">10,155,642</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0976">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0977">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0978">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(10,240,327</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0980">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0981">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">84,685</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0983">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_405_ecustom--TotalCost_iI_pp0d_zClVEkLfpit1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt"><span style="font-size: 8pt">Total</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">161,744,616</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,129,878</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">204,775</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0988">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(31,867,814</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0990">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(727,033</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">3,346,341</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">141,830,763</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_400_ecustom--LessAccumulatedDepreciationAndAmortizationCost_iNI_pp0d_di_zE4cy4VMyCh3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">Less: Accumulated depreciation and <br/>amortization</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(65,569,186</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0996">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,986</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0998">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0999">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(13,065,486</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">722,195</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(1,696,307</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(79,598,798</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr id="xdx_403_ecustom--ImpairmentCost_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 0pt"><span style="font-size: 8pt">Less: Impairment</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(6,744,380</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1006">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1007">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(23,076,873</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">29,591,610</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1010">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl1011">—</span></span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(58,222</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(287,865</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr id="xdx_406_ecustom--NetBookValueCost_iI_pp0d_zm8Hz2I00Wkh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt"><span style="font-size: 8pt">Net book value</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">89,431,050</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">9,129,878</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">214,761</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(23,076,873</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(2,276,204</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(13,065,486</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">(4,838</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">1,591,812</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 0pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt">$</span></td><td style="padding-bottom: 0pt; text-align: right"><span style="font-size: 8pt">61,944,100</span></td><td style="padding-bottom: 0pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in">(a)<span style="font-family: Times New Roman, Times, Serif">  For those crude salt pans acquired in fiscal year 2024, the Company completed renovation and upgrade activities during fiscal year 2025, with a total cost of $<span id="xdx_900_ecustom--TotalCost_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RenovatingSaltworksMember_ziGiHzU31kTa" title="Total cost">9,129,878</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in">(b) The Company completed renovation and upgrade work on the chlorine shed during fiscal year 2025, with a total cost of $<span id="xdx_901_ecustom--TotalTransferPrice_c20250101__20251231_zxHPRfcYV6bf" title="Total transfer price"><span id="xdx_903_ecustom--TotalTransferPrice_c20250101__20251231_zXPRtP8ZV8E" title="Total transfer price">214,761</span></span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left">(c) The Company recognized the impairment of $<span id="xdx_905_ecustom--ImpairmentCost_iNI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ImpairmentMember_zn0BnFbzHK3k" title="Impairment cost">23,076,873</span> based on independent valuation reports. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"><span id="xdx_91F_eus-gaap--FurnitureAndFixturesMember_zQw3iGqsnBlb" style="display: none">Furniture and fixtures</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in">(d)<span style="font-family: Times New Roman, Times, Serif">  </span>During the year ended December 31, 2025, a piece of land with a value of $<span id="xdx_900_ecustom--NetBookValueCost_iNI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DisposalOfFixedAssetMember_zehzGpkceem9" title="Net book value">2,276,204 was disposed</span> due to court-ordered auction.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in">(e) During the year ended December 31, 2025, depreciation and amortization expense totaled $<span id="xdx_90C_eus-gaap--DepreciationDepletionAndAmortization_c20250101__20251231_pp0p" title="Depreciation and amortization expense">13,065,486</span> were recorded in direct labor and factory overheads incurred during plant shutdown, cost of revenue, and general &amp; administrative expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in">During the year ended December 31, 2024, depreciation and amortization expense totaled $<span id="xdx_90F_eus-gaap--DepreciationDepletionAndAmortization_pp0d_c20240101__20241231_zbqnY8qJj3Ll" title="Depreciation and amortization expense">15,819,827</span> were recorded in direct labor and factory overheads incurred during plant shutdown, cost of revenue, and general &amp; administrative expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left">(f) On December 22, 2025, the SYCI was sold. The net value of transferred fixed assets was $<span id="xdx_901_ecustom--NetValueOfTransferredFixedAssets_pp0d_c20250102__20251222_zH2qOuSvcmk3" title="Net value of transferred fixed assets">727,033</span>, including furniture, fixtures and office equipment of $<span id="xdx_906_ecustom--NetValueOfTransferredFixedAssets_pp0d_c20250102__20251222__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zOnS4SbZWbi6" title="Net value of transferred fixed assets">630,271</span>, motor vehicles of $<span id="xdx_900_ecustom--NetValueOfTransferredFixedAssets_pp0d_c20250102__20251222__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember_zOafqOFvrBA8" title="Net value of transferred fixed assets">96,762 </span>and accumulated depreciation and amortization of $<span id="xdx_90C_ecustom--AccumulatedDepreciationOnScrappedFixedAssets_pp0d_c20250102__20251222_zSxygLIBGBg3" title="Accumulated depreciation on scrapped fixed assets">722,195</span>. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0in"></p> 2682882 60944 2743826 3507367 9129878 204775 211272 13053292 143839420 -21627487 2959063 125170996 1435090 -630271 28227 833046 124215 -96762 2150 29603 10155642 -10240327 84685 161744616 9129878 204775 -31867814 -727033 3346341 141830763 65569186 -9986 13065486 -722195 1696307 79598798 -6744380 -23076873 29591610 -58222 -287865 89431050 9129878 214761 -23076873 -2276204 -13065486 -4838 1591812 61944100 9129878 214761 214761 -23076873 -2276204 13065486 15819827 727033 630271 96762 722195 <p id="xdx_802_ecustom--PropertyPlantAndEquipmentUnderFinanceLeasesNetTextBlock_zydeCLVuiBFc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"><span style="font-size: 10pt"></span>NOTE 9 – <span id="xdx_826_zQLABpg8EEn1">FINANCE LEASE RIGHT-OF-USE ASSETS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <p id="xdx_891_ecustom--PropertyPlantAndEquipmentUnderFinanceLeasesTableTextBlock_zz9sXOqmdwE7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"><span style="font-size: 10pt"></span>Property, plant and equipment under finance leases, net consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"><span id="xdx_8BE_zaEJgmyjEbG4" style="display: none">Finance Lease Right-Of-Use Assets - Schedule of Property, Plant and Equipment Under Finance Leases</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">At cost:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; padding-bottom: 1pt">Buildings <span id="xdx_913_eus-gaap--BuildingMember_z8AzqYzgqZ7h" style="display: none">Building</span></td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p" title="Total">60,531,168</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p" title="Total">64,398,063</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_iI_pp0d_c20251231_zbq27w05NBX8" title="Total">60,531,168</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_c20241231_pp0p" title="Total">64,398,063</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Accumulated depreciation and amortization</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization_iNI_pp0d_di_c20251231_zTcv3l7izpYa" title="Less: Accumulated depreciation and amortization">(19,390,837</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization_iNI_pp0d_di_c20241231_zS8625JOLa71" title="Less: Accumulated depreciation and amortization">(19,242,775</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Net book value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_iI_pp0d_c20251231_zdpnRXuDd0bc" title="Net book value">41,140,331</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_c20241231_pp0p" title="Net book value">45,155,288</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8AE_z4os798dbOkj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The above buildings erected on parcels of land located in Shouguang, PRC, are collectively owned by local townships. The Company has not been able to obtain property ownership certificates over these buildings as the Company could not obtain land use rights certificates on the underlying parcels of land.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">During the year ended December 31, 2025, depreciation and amortization expense totaled $<span id="xdx_905_ecustom--DepreciationAndAmortizationExpensePPE_c20250101__20251231_pp0p" title="Depreciation and amortization expense">3,124,602</span>, which was recorded in direct labor and factory overheads incurred during plant shutdown, cost of revenue, and general &amp; administrative expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">During the year ended December 31, 2024, depreciation and amortization expense totaled $<span id="xdx_903_ecustom--DepreciationAndAmortizationExpensePPE_c20240101__20241231_pp0p" title="Depreciation and amortization expense">3,045,602</span>, which was recorded in direct labor and factory overheads incurred during plant shutdown, cost of revenue, and general &amp; administrative expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On June 26, 2024, SHSI entered into a Crude Salt Assets Acquisition Agreement with the total transfer price of $<span id="xdx_90B_ecustom--TotalTransferPrice_pp0d_c20240601__20240630__dei--LegalEntityAxis__custom--SHSIMember__us-gaap--TypeOfArrangementAxis__custom--CrudeSaltFieldAcquisitionAgreementMember_zQPMk1V7cM46" title="Total transfer price">18,010,850</span>. On June 27, 2024, SHSI entered into four Crude Salt Field Acquisition Agreements with 4 sellers, with the total transfer prices of $<span id="xdx_905_ecustom--TotalTransferPrice_pp0d_c20240601__20240630__dei--LegalEntityAxis__custom--SHSIMember__us-gaap--TypeOfArrangementAxis__custom--CrudeSaltFieldAcquisitionAgreementMember__srt--TitleOfIndividualAxis__custom--SellerOneMember_zKto20oRMQr" title="Total transfer price">5,644,388</span>, $<span id="xdx_902_ecustom--TotalTransferPrice_pp0d_c20240601__20240630__dei--LegalEntityAxis__custom--SHSIMember__us-gaap--TypeOfArrangementAxis__custom--CrudeSaltFieldAcquisitionAgreementMember__srt--TitleOfIndividualAxis__custom--SellerTwoMember_z2E6yrxLchec" title="Total transfer price">6,140,260</span>, $<span id="xdx_90F_ecustom--TotalTransferPrice_pp0d_c20240601__20240630__dei--LegalEntityAxis__custom--SHSIMember__us-gaap--TypeOfArrangementAxis__custom--CrudeSaltFieldAcquisitionAgreementMember__srt--TitleOfIndividualAxis__custom--SellerThreeMember_z1VbLB6pMHX9" title="Total transfer price">2,892,097</span>, and $<span id="xdx_901_ecustom--TotalTransferPrice_pp0d_c20240601__20240630__dei--LegalEntityAxis__custom--SHSIMember__us-gaap--TypeOfArrangementAxis__custom--CrudeSaltFieldAcquisitionAgreementMember__srt--TitleOfIndividualAxis__custom--SellerFourMember_z1bvTpXDolnh" title="Total transfer price">6,369,207</span>, respectively. Company has not been able to obtain property ownership certificates over these salt pans. In 2024, Company purchased crude salt pans at a total cost of $<span id="xdx_90E_ecustom--PurchaseOfCrudeSaltAssets_c20250101__20251231_pp0p" title="Purchase of crude salt assets">39,056,802</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">See <i>Note 26- Restatement, </i>for discussion regarding the impact of the Restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p id="xdx_891_ecustom--PropertyPlantAndEquipmentUnderFinanceLeasesTableTextBlock_zz9sXOqmdwE7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"><span style="font-size: 10pt"></span>Property, plant and equipment under finance leases, net consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"><span id="xdx_8BE_zaEJgmyjEbG4" style="display: none">Finance Lease Right-Of-Use Assets - Schedule of Property, Plant and Equipment Under Finance Leases</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">At cost:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; padding-bottom: 1pt">Buildings <span id="xdx_913_eus-gaap--BuildingMember_z8AzqYzgqZ7h" style="display: none">Building</span></td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p" title="Total">60,531,168</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p" title="Total">64,398,063</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_iI_pp0d_c20251231_zbq27w05NBX8" title="Total">60,531,168</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_c20241231_pp0p" title="Total">64,398,063</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Accumulated depreciation and amortization</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization_iNI_pp0d_di_c20251231_zTcv3l7izpYa" title="Less: Accumulated depreciation and amortization">(19,390,837</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization_iNI_pp0d_di_c20241231_zS8625JOLa71" title="Less: Accumulated depreciation and amortization">(19,242,775</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Net book value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_iI_pp0d_c20251231_zdpnRXuDd0bc" title="Net book value">41,140,331</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_c20241231_pp0p" title="Net book value">45,155,288</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 60531168 64398063 60531168 64398063 19390837 19242775 41140331 45155288 3124602 3045602 18010850 5644388 6140260 2892097 6369207 39056802 <p id="xdx_803_eus-gaap--LesseeOperatingLeasesTextBlock_zC4BoRPaEHA4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">NOTE 10 – <span id="xdx_824_zV3DOu1ue7Bc">OPERATING LEASE RIGHT–OF-USE ASSETS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company has the rights to use certain parcels of land located in Shouguang, the PRC, through lease agreements signed with local townships or the government authority. For parcels of land that are collectively owned by local townships, the Company cannot obtain land use rights certificates. The parcels of land of which the Company cannot obtain land use rights certificates covers a total of approximately <span id="xdx_90B_eus-gaap--AreaOfLand_iI_uSqkm_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CertainBuildingsAndSaltPansMember_z91wmIRzQMUh" title="Area of land not yet obtained">34.95</span> square kilometers at December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As of December 31, 2025, the total operating lease right-of-use assets was $<span id="xdx_90E_eus-gaap--OperatingLeaseRightOfUseAsset_c20251231_pp0p" title="Operating lease, right-of-use assets">5,669,794</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The total operating lease cost for the years ended December 31, 2025, and 2024 was $<span id="xdx_903_ecustom--AmortizationOfOperatingLeaseRightofuseAsset_c20250101__20251231_zCIrniVl8Jt2" title="Amortization of operating lease right-of-use asset">875,201</span> and $<span id="xdx_906_ecustom--AmortizationOfOperatingLeaseRightofuseAsset_c20240101__20241231_zcbKlVDkkcgl" title="Amortization of operating lease right-of-use asset">877,809</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> 34.95 5669794 875201 877809 <p id="xdx_800_ecustom--ScheduleOfShortTermBorrowingTextBlock_zuwHwQ9LAEB8" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">NOTE 11 – <span id="xdx_82F_ziMUv3Vigqii">BORROWINGS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company entered into a loan agreement with Shandong Shouguang Industrial and Commercial Bank Co., Ltd. for a principal amount of $<span id="xdx_90F_eus-gaap--OtherShortTermBorrowings_iI_pp0d_c20251231__us-gaap--ShortTermDebtTypeAxis__custom--OtherShortTermAndBorrowingMember_zfiWGPqCP4Hi" title="Borrowing Balance">2,845,400</span>, bearing interest at <span id="xdx_902_eus-gaap--SubordinatedBorrowingInterestRate_c20250101__20251231__us-gaap--ShortTermDebtTypeAxis__custom--OtherShortTermAndBorrowingMember_znIOQaxgzP09" title="Rate of interest">6.375%</span> per annum, with a maturity date of <span id="xdx_903_eus-gaap--DebtInstrumentIssuanceDate1_dd_c20250101__20251231__us-gaap--ShortTermDebtTypeAxis__custom--OtherShortTermAndBorrowingMember_z9XTFNkEyw99" title="Life of loan commencement date">December 26, 2025</span>. The borrowing was guaranteed by Yang Ming, Yu Wenxiang, and Shouguang Broadcasting and Television Group Col, Ltd. The borrowing was also secured by land and buildings owned by Shandong Shouguang Vegetable Seed Industry Group Co., Ltd. The Company paid interest on a monthly basis, however, the principal balance became past due and remained unpaid as of December 31, 2025 due to disputes between the Company and the bank.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company entered into a loan agreement with Shandong Shouguang Rural Commercial Bank Co., Ltd. for a principal amount of $<span id="xdx_903_ecustom--LongTermTermBorrowings_iI_pp0d_c20251231__us-gaap--LongtermDebtTypeAxis__custom--OtherLongTermAndBorrowingMember_zJIBuPbwTO19" title="Borrowing Balance">2,344,610</span>, bearing interest at <span id="xdx_904_eus-gaap--SubordinatedBorrowingInterestRate_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--OtherLongTermAndBorrowingMember_zYdM2nvVU01l" title="Interest rate">6.35%</span> per annum, with a maturity date of <span id="xdx_908_eus-gaap--DebtInstrumentIssuanceDate1_c20250101__20251231__us-gaap--LongtermDebtTypeAxis__custom--OtherLongTermAndBorrowingMember_z96cOWm5DCvc" title="Life of loan commencement date">March 26, 2027</span>. The borrowing was guaranteed by Yang Ming and Yu Wenxiang secured by the 15^th and 16^th floors of Meilin Building, located in Shouguang, Shandong China, which are owned by Shandong Shouguang Hongye Economic and Trade Co., Ltd. The company pays interest monthly and the principal is due at maturity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 16.35pt; text-align: justify"> </p> 2845400 0.06375 2025-12-26 2344610 0.0635 2027-03-26 <p id="xdx_80F_eus-gaap--AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_zeXdnjmCgYX2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.5pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span>NOTE 12 – <span id="xdx_821_z23cu89wkrEi">PAYABLE AND ACCRUED EXPENSES</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 16.35pt; text-align: justify"> </p> <p id="xdx_899_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zhbC4OpZE9zj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.5pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span>Payable and accrued expenses consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.5pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8B6_zl0nM0fhkCfg" style="display: none">Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Liabilities</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 16.35pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49F_20251231_zTKPFy5tYRjc" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49D_20241231_zv2tiwywxIaf" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr id="xdx_404_eus-gaap--AccountsPayableCurrent_iI_pp0d_maAPAALz4HH_zphmv7eAYZhe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts payable</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">146,148</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">30,003</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedSalariesCurrent_iI_pp0d_maAPAALz4HH_zTVudWv82UZg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Salary payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,257</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">323,655</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherEmployeeRelatedLiabilitiesCurrent_iI_pp0d_maAPAALz4HH_zXVHvcpk4qR7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Social security insurance contribution payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">240,079</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">169,858</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--AccruedExpenseconstruction_iI_pp0d_maAPAALz4HH_zGqbUmdjqXFd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued expense for construction</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">526,298</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,310,040</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--OtherAccruedLiabilitiesCurrent_iI_pp0d_maAPAALz4HH_zatd4pmRW4Ic" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accrued expense-others <span id="xdx_F41_zQIbC0layoed">(1)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">814,585</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">611,721</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iTI_pp0d_mtAPAALz4HH_zMShVZstWvKi" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,882,367</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,445,277</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8A0_z0kgQ4RdPkM1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0pt"></td><td id="xdx_F09_zx1YQl6uG1Eg" style="width: 17.95pt">(1)</td><td id="xdx_F18_zv710BhcILs">Accrued expense-others mainly included accrued professional fees and accrued interest payable that is disputed by the Company in connection with its borrowing from Shouguang Industrial and Commercial Bank Co., Ltd.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">See Note 26 - Restatement for discussion regarding the impact of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_899_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zhbC4OpZE9zj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.5pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span>Payable and accrued expenses consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.5pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8B6_zl0nM0fhkCfg" style="display: none">Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Liabilities</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 16.35pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49F_20251231_zTKPFy5tYRjc" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49D_20241231_zv2tiwywxIaf" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr id="xdx_404_eus-gaap--AccountsPayableCurrent_iI_pp0d_maAPAALz4HH_zphmv7eAYZhe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts payable</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">146,148</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">30,003</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedSalariesCurrent_iI_pp0d_maAPAALz4HH_zTVudWv82UZg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Salary payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,257</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">323,655</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherEmployeeRelatedLiabilitiesCurrent_iI_pp0d_maAPAALz4HH_zXVHvcpk4qR7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Social security insurance contribution payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">240,079</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">169,858</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--AccruedExpenseconstruction_iI_pp0d_maAPAALz4HH_zGqbUmdjqXFd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued expense for construction</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">526,298</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,310,040</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--OtherAccruedLiabilitiesCurrent_iI_pp0d_maAPAALz4HH_zatd4pmRW4Ic" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accrued expense-others <span id="xdx_F41_zQIbC0layoed">(1)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">814,585</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">611,721</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iTI_pp0d_mtAPAALz4HH_zMShVZstWvKi" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,882,367</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,445,277</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 146148 30003 155257 323655 240079 169858 526298 5310040 814585 611721 1882367 6445277 <p id="xdx_809_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zVWPaGeBtLE1" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">NOTE 13 – <span id="xdx_82F_zYqZ8r3Karc">RELATED PARTY TRANSACTIONS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On September 25, 2012, the Company purchased five floors of a commercial building in the PRC, through SYCI, from Shandong Shouguang Vegetable Seed Industry Group Co., Ltd. (the “Seller”) at a cost of approximately $<span id="xdx_904_eus-gaap--PaymentsToAcquireBuildings_pn3n3_dm_c20120901__20120925__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChairmanOfTheCompanyMember_z43tlbavaBdl">5.7 </span>million in cash, of which Mr. Ming Yang, the Chairman of the Company, had a <span id="xdx_905_ecustom--EquityInterestOwnership_iI_c20120925__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChairmanOfTheCompanyMember_zscgpiJ0CZI5" title="Equity interest">99% </span>equity interest in the Seller that time. During the first quarter of 2018, the Company entered into an agreement with the Seller, a related party, to provide property management services for an annual amount of approximately $<span id="xdx_90E_eus-gaap--ProfessionalAndContractServicesExpense_c20180101__20180331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SellerMember_pp0n">86,911 </span>for <span id="xdx_90D_ecustom--TermOfPropertyManagementServicesDescription_c20180101__20180331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SellerMember_zJi8ECatFsO8" title="Term for property management services">five years from January 1, 2023 to December 31, 2027.</span> The expense associated with this agreement for the year ended December 31, 2025 and 2024 was $<span id="xdx_90A_ecustom--ExpenseAssociatedWithAgreement_pp0d_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SellerMember_zyAC5q5zyg99" title="Expense associated with agreement">87,655</span> and $<span id="xdx_909_ecustom--ExpenseAssociatedWithAgreement_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SellerMember_pp0n">87,821</span>, respectively. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">a)       Related parties</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border: black 1pt solid; width: 41%; padding-left: 2.85pt"><span style="font-size: 10pt">Name of related parties</span></td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 59%; padding-left: 2.75pt"><span style="font-size: 10pt">Position</span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.85pt"><span style="font-size: 10pt">Ming Yang</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2.75pt"><span style="font-size: 10pt">Shareholder</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.85pt"><span style="font-size: 10pt">XiaoBin Liu</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2.75pt"><span style="font-size: 10pt">Chief Executive Officer</span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.85pt"><span style="font-size: 10pt">Min Li</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2.75pt"><span style="font-size: 10pt">Chief Financial Officer</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.85pt"><span style="font-size: 10pt">NaiHui Miao</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2.75pt"><span style="font-size: 10pt">Chief Operating Officer</span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.85pt"><span style="font-size: 10pt">Chengdu Dianjinshi Culture media Co., LTD</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2.75pt"><span style="font-size: 10pt">Affiliated with company officers</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="margin: 0pt 0">b)</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zlsnVw1hhJu1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Transactions - Schedule of Related Party Transactions (Details)"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount due to related parties:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Ming Yang</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_903_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--MingYangMember_zGxnmcAXUb1" title="Due to related parties">419,671</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_905_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--MingYangMember_zNjdSvGrFHBh" title="Due to related parties">410,350</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>XiaoBin Liu</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--XiaoBinLiuMember_z4HeYafQJBV" title="Due to related parties">887,214</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--XiaoBinLiuMember_zWS7CYjUut" title="Due to related parties">887,214</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Min Li</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--MinLiMember_z6mZ4Cm6V9Tf" title="Due to related parties">302,498</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--MinLiMember_zxkfpIGBil0k" title="Due to related parties">636,264</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">NaiHui Miao</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NaiHuiMiaoMember_zjg1EFef7P6e" title="Due to related parties">287,448</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NaiHuiMiaoMember_zQ5GjYBME2y7" title="Due to related parties">650,980</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_ecustom--AmountDueToRelatedParty_c20251231_pp0p" title="Due to related parties">1,896,831</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_ecustom--AmountDueToRelatedParty_c20241231_pp0p" title="Due to related parties">2,584,808</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">c)</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Amount due from related parties:</p></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; width: 68%; text-align: left">Chengdu Dianjinshi Culture media Co., LTD</td><td style="padding-bottom: 1pt; width: 3%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_908_ecustom--AmountDueFromRelatedParty_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChengduDianjinshiCultureMediaCoLtdMember_pp0p" title="Due from related parties">22,763</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="padding-bottom: 1pt; width: 3%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_909_ecustom--AmountDueFromRelatedParty_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--ChengduDianjinshiCultureMediaCoLtdMember_pp0p" title="Due from related parties">25,040</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_ecustom--AmountDueFromRelatedParty_c20251231_pp0p" title="Due from related parties">22,763</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_ecustom--AmountDueFromRelatedParty_c20241231_pp0p" title="Due from related parties">25,040</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> 5700000 0.99 86911 five years from January 1, 2023 to December 31, 2027. 87655 87821 <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zlsnVw1hhJu1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Transactions - Schedule of Related Party Transactions (Details)"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount due to related parties:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Ming Yang</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_903_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--MingYangMember_zGxnmcAXUb1" title="Due to related parties">419,671</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_905_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--MingYangMember_zNjdSvGrFHBh" title="Due to related parties">410,350</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>XiaoBin Liu</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--XiaoBinLiuMember_z4HeYafQJBV" title="Due to related parties">887,214</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--XiaoBinLiuMember_zWS7CYjUut" title="Due to related parties">887,214</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Min Li</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--MinLiMember_z6mZ4Cm6V9Tf" title="Due to related parties">302,498</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--MinLiMember_zxkfpIGBil0k" title="Due to related parties">636,264</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">NaiHui Miao</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_ecustom--AmountDueToRelatedParty_iI_pp0d_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NaiHuiMiaoMember_zjg1EFef7P6e" title="Due to related parties">287,448</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_ecustom--AmountDueToRelatedParty_iI_pp0d_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NaiHuiMiaoMember_zQ5GjYBME2y7" title="Due to related parties">650,980</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_ecustom--AmountDueToRelatedParty_c20251231_pp0p" title="Due to related parties">1,896,831</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_ecustom--AmountDueToRelatedParty_c20241231_pp0p" title="Due to related parties">2,584,808</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">c)</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Amount due from related parties:</p></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; width: 68%; text-align: left">Chengdu Dianjinshi Culture media Co., LTD</td><td style="padding-bottom: 1pt; width: 3%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_908_ecustom--AmountDueFromRelatedParty_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChengduDianjinshiCultureMediaCoLtdMember_pp0p" title="Due from related parties">22,763</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="padding-bottom: 1pt; width: 3%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right"><span id="xdx_909_ecustom--AmountDueFromRelatedParty_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--ChengduDianjinshiCultureMediaCoLtdMember_pp0p" title="Due from related parties">25,040</span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_904_ecustom--AmountDueFromRelatedParty_c20251231_pp0p" title="Due from related parties">22,763</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_ecustom--AmountDueFromRelatedParty_c20241231_pp0p" title="Due from related parties">25,040</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> 419671 410350 887214 887214 302498 636264 287448 650980 1896831 2584808 22763 25040 22763 25040 <p id="xdx_805_ecustom--TaxesPayableDisclosureTextblock_zrWNNsrdurrl" style="margin: 0">NOTE 14 – <span id="xdx_826_zLJRAgCsjuJb">TAXES PAYABLE</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_884_ecustom--TaxesPayableDisclosureTableTextBlock_zTYkLObx4pr" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Taxes Payable - Schedule of Taxes Payable (Details)"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_499_20251231_zZvmqEymjQkg" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49D_20241231_znc8SusRSjZa" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_404_eus-gaap--AccrualForTaxesOtherThanIncomeTaxesCurrent_iI_pp0d_maTPCzDej_zYusKpqGPBBd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Land use tax payable</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1181">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">19,318</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--ValueAddedTaxAndOtherTaxesPayable_iI_pp0d_maTPCzDej_zNX97TmgA679" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Value added tax and other taxes payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">365,499</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,681</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--TaxesPayableCurrent_iTI_pp0d_mtTPCzDej_zUTsgzZNtUrc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">365,499</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">113,999</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <p style="margin: 0; text-align: justify">Of the remaining balance as of December 31, 2025, $259,171 was overdue, as notified by the Tax Bureau in a Tax Matters Notice. The overdue amount was attributable to certain value-added tax invoices issued by the Company's upstream suppliers during 2018 and 2019 that were subsequently identified as abnormal deductions in the tax authorities' system.</p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_884_ecustom--TaxesPayableDisclosureTableTextBlock_zTYkLObx4pr" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Taxes Payable - Schedule of Taxes Payable (Details)"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_499_20251231_zZvmqEymjQkg" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49D_20241231_znc8SusRSjZa" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_404_eus-gaap--AccrualForTaxesOtherThanIncomeTaxesCurrent_iI_pp0d_maTPCzDej_zYusKpqGPBBd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Land use tax payable</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1181">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">19,318</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--ValueAddedTaxAndOtherTaxesPayable_iI_pp0d_maTPCzDej_zNX97TmgA679" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Value added tax and other taxes payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">365,499</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,681</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--TaxesPayableCurrent_iTI_pp0d_mtTPCzDej_zUTsgzZNtUrc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">365,499</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">113,999</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 19318 365499 94681 365499 113999 <p id="xdx_806_ecustom--LeaseLiabilitiesForFinanceAndOperatingLeasesTextBlock_zZQvxZBTDPI8" style="margin: 0">NOTE 15 – <span id="xdx_82F_z5mVvCUy6eje">LEASE LIABILITIES - FINANCE AND OPERATING LEASE</span></p> <p style="margin: 0"> </p> <p id="xdx_89A_ecustom--ScheduleOfFinanceLeaseLiabilityTableTextBlock_zwaWjAm4CDzb" style="margin: 0"><span style="font-size: 10pt"></span>The components of finance lease liabilities were as follows:</p> <p style="margin: 0"><span id="xdx_8B4_zRVVUbLnqgzd" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Finance Leased Liabilities</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Total finance lease liability</td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_90A_eus-gaap--FinanceLeaseLiability_c20251231_pp0p" title="Total finance lease liability">5,404,546</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_905_eus-gaap--FinanceLeaseLiability_c20241231_pp0p" title="Total finance lease liability">8,432,177</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Current portion</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--FinanceLeaseLiabilityCurrent_iNI_pp0d_di_c20251231_zBrClXWoWiY8" title="Less: Current portion">(228,918</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eus-gaap--FinanceLeaseLiabilityCurrent_iNI_pp0d_di_c20241231_zlcgCUtbYki6" title="Less: Current portion">(3,342,293</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Finance lease liability, net of current portion</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_903_eus-gaap--FinanceLeaseLiabilityNoncurrent_c20251231_pp0p" title="Finance lease liability, net of current portion">5,175,628</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseLiabilityNoncurrent_c20241231_pp0p" title="Finance lease liability, net of current portion">5,089,884</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8A7_zFuf0HTd6wWl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The financing lease includes one contract with a lease term from January 1, 2011 to December 31, 2030, and five contracts with the lease term from June 29, 2024 to June 28, 2044. All contracts have a non-cancellable lease period of 20 years, and the company has the right to preferentially renew the lease contract under the same conditions upon the contact expires. However, the company will decide whether to renew the lease based on the market operation situation upon the expiration. </p> <p id="xdx_8A2_z596ZuZNYggb" style="margin: 0"> </p> <p id="xdx_89B_ecustom--ScheduleOfOperatingLeaseLiabilitiesTableTextBlock_zNE30kAjE7Ga" style="margin: 0">The components of operating lease liabilities are as follows:</p> <p style="margin: 0"><span id="xdx_8B5_zz0DM5UNSWBj" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of operating Lease Liabilities</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49F_20251231_zIzqqu8vj4Xj" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" id="xdx_497_20241231_zYmmZjv6g195" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Total Operating lease liabilities</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">7,014,947</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">7,433,452</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0d_di_zzbaLJ2X064e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(523,847</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(491,850</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Operating lease liabilities, net of current portion</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,491,100</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,941,602</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify">  </p> <p id="xdx_89A_eus-gaap--LeaseCostTableTextBlock_zsfkAbsCbWHk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt">The components of lease cost were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8BF_z64DYClu9Qgh" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Lease Cost</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49A_20250101__20251231_zQo0TyTE1q8f" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td> </td> <td colspan="3" id="xdx_490_20240101__20241231_zwtjxdewDoWj" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease cost:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseRightOfUseAssetAmortization_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">- Amortization of right-of-use assets</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,124,602</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,045,602</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--FinanceLeaseInterestPaymentOnLiability_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">- Interest on lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">239,508</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,025</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseCost_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">875,201</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">877,809</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LeaseCost_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total lease cost</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,239,311</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,123,436</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8A9_z5N7a7dI3Xki" style="margin: 0"> </p> <p id="xdx_891_ecustom--FinanceAndOperatingLeaseLiabilityMaturityTableTextBlock_zxeqGnbGxVz5" style="margin: 0">Maturities of lease liabilities were as follows:</p> <p style="margin: 0"><span id="xdx_8B8_zveTSZd2j28c" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Maturities of Lease Liabilities</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Finance Lease</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Operating Lease</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%">the next 12 months</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_909_eus-gaap--FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_c20251231_pp0p" title="Finance lease - the next 12 months">267,041</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_c20251231_pp0p" title="Operating lease - the next 12 months">833,565</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">the next 13 to 24 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearTwo_c20251231_pp0p" title="Finance lease - the next 13 to 24 months">267,041</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_c20251231_pp0p" title="Operating lease - the next 13 to 24 months">841,304</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">the next 25 to 36 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearThree_c20251231_pp0p" title="Finance lease - the next 25 to 36 months">5,060,315</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_c20251231_pp0p" title="Operating lease - the next 25 to 36 months">845,918</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">the next 37 to 48 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFour_c20251231_pp0p" title="Finance lease - the next 37 to 48 months">267,041</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_c20251231_pp0p" title="Operating lease - the next 37 to 48 months">854,178</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">the next 49 to 60 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFive_c20251231_pp0p" title="Finance lease - the next 49 to 60 months">267,041</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_c20251231_pp0p" title="Operating lease - the next 49 to 60 months">859,163</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_eus-gaap--FinanceLeaseLiabilityPaymentsDueAfterYearFive_c20251231_pp0p" title="Finance lease - thereafter"><span style="-sec-ix-hidden: xdx2ixbrl1253">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_c20251231_pp0p" title="Operating lease - thereafter">7,522,241</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--FinanceLeaseLiabilityPaymentsDue_c20251231_pp0p" title="Finance lease - Total">6,128,479</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20251231_pp0p" title="Operating lease - Total">11,756,369</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Amount representing interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--FinanceLeaseLiabilityUndiscountedExcessAmount_iNI_pp0d_di_c20251231_z5J23VMvdkYf" title="Finance lease - Less: Amount representing interest">(723,933</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0d_di_c20251231_z40FYq4QKmr6" title="Operating lease - Less: Amount representing interest">(4,741,422</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Present value of net minimum lease payments</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pp0d_c20251231_zmXKDVpuOHrd" title="Financial lease - Present value of net minimum lease payments">5,404,546</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90B_eus-gaap--OperatingLeaseLiability_iI_pp0d_c20251231_zrQX1SnqHePe" title="Operating lease - Present value of net minimum lease payments">7,014,947</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8A1_z6kV5C5fK9t7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify"> </p> <p id="xdx_894_ecustom--ScheduleOfSupplementalInformationRelatedToLeasesTableTextBlock_zxv3RSyn8qa2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span>A summary of supplemental information related to leases is listed as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8B9_z97WLQnAWFw6" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Supplemental Information Related to Leases</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify"><span style="font-size: 10pt"></span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Weighted average remaining lease term:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Finance leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_90F_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20251231_zKQKwVtTCxsk" title="Finance leases">15.7</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_905_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20241231_zyXQe68iljDh" title="Finance leases">16.2</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20251231_zLwChh9I97Pe" title="Operating leases">19.6</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20241231_zDM1WdIQ6Z59" title="Operating leases">19.6</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Weighted average discount rate:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Finance leases</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zViCwBRk53jf" title="Finance leases">4.53</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_zZe1zCZelFe1" title="Finance leases">4.62</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zwExHMCUmrJ8" title="Operating leases">4.90</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_z8MisQT6xUj3" title="Operating leases">4.90</span></td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A9_ze5OImeipg23" style="margin: 0"> </p> <p id="xdx_899_eus-gaap--ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_zbcHeBlvWobl" style="margin: 0"><span style="font-size: 10pt">Supplemental cash flow information related to leases was as follows:</span></p> <p style="margin: 0"><span style="font-size: 10pt"><span id="xdx_8B8_zPXbgUHTwPSi" style="display: none">Lease Liabilities - Finance and Operating Lease -  Schedule of Cash Flow, Supplemental</span></span></p> <p style="margin: 0"><span style="font-size: 10pt"></span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49E_20250101__20251231_zvqerFhqKMC5" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td> </td> <td colspan="3" id="xdx_494_20240101__20241231_zRrHtwTESqyg" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_400_ecustom--CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_iB_zRaRsxEfdp8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash paid for amounts included in measurement of lease liabilities :</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasePayments_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">-Operating cash flows from operating leases</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$ </td><td style="width: 11%; text-align: right">826,761</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$ </td><td style="width: 11%; text-align: right">894,351</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FinanceLeasePrincipalPayments_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">-Financing cash flows from finance leases</td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right">262,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right">31,866,665</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--NoncashInformationOnLeaseLiabilitiesArisingFromObtainingRouAssetsAbstract_iB_zM224gn4WSCb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-cash information on lease liabilities arising from obtaining right-of-use assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--FinanceLeasesExpense_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">-Finance leases</td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1301">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right">38,636,330</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseExpense_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">-Operating leases</td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1304">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1305">—</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AE_zUNqjsyfFU9i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify"></p> <p id="xdx_89A_ecustom--ScheduleOfFinanceLeaseLiabilityTableTextBlock_zwaWjAm4CDzb" style="margin: 0"><span style="font-size: 10pt"></span>The components of finance lease liabilities were as follows:</p> <p style="margin: 0"><span id="xdx_8B4_zRVVUbLnqgzd" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Finance Leased Liabilities</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Total finance lease liability</td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_90A_eus-gaap--FinanceLeaseLiability_c20251231_pp0p" title="Total finance lease liability">5,404,546</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_905_eus-gaap--FinanceLeaseLiability_c20241231_pp0p" title="Total finance lease liability">8,432,177</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Current portion</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--FinanceLeaseLiabilityCurrent_iNI_pp0d_di_c20251231_zBrClXWoWiY8" title="Less: Current portion">(228,918</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eus-gaap--FinanceLeaseLiabilityCurrent_iNI_pp0d_di_c20241231_zlcgCUtbYki6" title="Less: Current portion">(3,342,293</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Finance lease liability, net of current portion</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_903_eus-gaap--FinanceLeaseLiabilityNoncurrent_c20251231_pp0p" title="Finance lease liability, net of current portion">5,175,628</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseLiabilityNoncurrent_c20241231_pp0p" title="Finance lease liability, net of current portion">5,089,884</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 5404546 8432177 228918 3342293 5175628 5089884 <p id="xdx_89B_ecustom--ScheduleOfOperatingLeaseLiabilitiesTableTextBlock_zNE30kAjE7Ga" style="margin: 0">The components of operating lease liabilities are as follows:</p> <p style="margin: 0"><span id="xdx_8B5_zz0DM5UNSWBj" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of operating Lease Liabilities</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49F_20251231_zIzqqu8vj4Xj" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td> </td> <td colspan="3" id="xdx_497_20241231_zYmmZjv6g195" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2024</td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Total Operating lease liabilities</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">7,014,947</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">7,433,452</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0d_di_zzbaLJ2X064e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(523,847</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(491,850</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Operating lease liabilities, net of current portion</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,491,100</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">6,941,602</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify">  </p> <p id="xdx_89A_eus-gaap--LeaseCostTableTextBlock_zsfkAbsCbWHk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt">The components of lease cost were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8BF_z64DYClu9Qgh" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Lease Cost</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49A_20250101__20251231_zQo0TyTE1q8f" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td> </td> <td colspan="3" id="xdx_490_20240101__20241231_zwtjxdewDoWj" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease cost:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseRightOfUseAssetAmortization_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">- Amortization of right-of-use assets</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,124,602</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,045,602</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--FinanceLeaseInterestPaymentOnLiability_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">- Interest on lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">239,508</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,025</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseCost_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">875,201</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">877,809</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LeaseCost_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total lease cost</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,239,311</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,123,436</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 7014947 7433452 523847 491850 6491100 6941602 <p id="xdx_89A_eus-gaap--LeaseCostTableTextBlock_zsfkAbsCbWHk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt">The components of lease cost were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8BF_z64DYClu9Qgh" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Lease Cost</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49A_20250101__20251231_zQo0TyTE1q8f" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td> </td> <td colspan="3" id="xdx_490_20240101__20241231_zwtjxdewDoWj" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024 (Restated)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease cost:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseRightOfUseAssetAmortization_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">- Amortization of right-of-use assets</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,124,602</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,045,602</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--FinanceLeaseInterestPaymentOnLiability_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">- Interest on lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">239,508</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,025</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseCost_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">875,201</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">877,809</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LeaseCost_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total lease cost</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,239,311</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,123,436</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 3124602 3045602 239508 200025 875201 877809 4239311 4123436 <p id="xdx_891_ecustom--FinanceAndOperatingLeaseLiabilityMaturityTableTextBlock_zxeqGnbGxVz5" style="margin: 0">Maturities of lease liabilities were as follows:</p> <p style="margin: 0"><span id="xdx_8B8_zveTSZd2j28c" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Maturities of Lease Liabilities</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Finance Lease</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Operating Lease</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%">the next 12 months</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_909_eus-gaap--FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_c20251231_pp0p" title="Finance lease - the next 12 months">267,041</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_c20251231_pp0p" title="Operating lease - the next 12 months">833,565</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">the next 13 to 24 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearTwo_c20251231_pp0p" title="Finance lease - the next 13 to 24 months">267,041</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_c20251231_pp0p" title="Operating lease - the next 13 to 24 months">841,304</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">the next 25 to 36 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearThree_c20251231_pp0p" title="Finance lease - the next 25 to 36 months">5,060,315</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_c20251231_pp0p" title="Operating lease - the next 25 to 36 months">845,918</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">the next 37 to 48 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFour_c20251231_pp0p" title="Finance lease - the next 37 to 48 months">267,041</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_c20251231_pp0p" title="Operating lease - the next 37 to 48 months">854,178</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">the next 49 to 60 months</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFive_c20251231_pp0p" title="Finance lease - the next 49 to 60 months">267,041</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_c20251231_pp0p" title="Operating lease - the next 49 to 60 months">859,163</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_eus-gaap--FinanceLeaseLiabilityPaymentsDueAfterYearFive_c20251231_pp0p" title="Finance lease - thereafter"><span style="-sec-ix-hidden: xdx2ixbrl1253">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_909_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_c20251231_pp0p" title="Operating lease - thereafter">7,522,241</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--FinanceLeaseLiabilityPaymentsDue_c20251231_pp0p" title="Finance lease - Total">6,128,479</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_c20251231_pp0p" title="Operating lease - Total">11,756,369</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Amount representing interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_906_eus-gaap--FinanceLeaseLiabilityUndiscountedExcessAmount_iNI_pp0d_di_c20251231_z5J23VMvdkYf" title="Finance lease - Less: Amount representing interest">(723,933</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90C_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0d_di_c20251231_z40FYq4QKmr6" title="Operating lease - Less: Amount representing interest">(4,741,422</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Present value of net minimum lease payments</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pp0d_c20251231_zmXKDVpuOHrd" title="Financial lease - Present value of net minimum lease payments">5,404,546</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90B_eus-gaap--OperatingLeaseLiability_iI_pp0d_c20251231_zrQX1SnqHePe" title="Operating lease - Present value of net minimum lease payments">7,014,947</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 267041 833565 267041 841304 5060315 845918 267041 854178 267041 859163 7522241 6128479 11756369 723933 4741422 5404546 7014947 <p id="xdx_894_ecustom--ScheduleOfSupplementalInformationRelatedToLeasesTableTextBlock_zxv3RSyn8qa2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span style="font-size: 10pt"></span>A summary of supplemental information related to leases is listed as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 15.65pt; margin-bottom: 0pt; text-align: left"><span id="xdx_8B9_z97WLQnAWFw6" style="display: none">Lease Liabilities - Finance and Operating Lease - Schedule of Supplemental Information Related to Leases</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 16.45pt; text-align: justify"><span style="font-size: 10pt"></span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Weighted average remaining lease term:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Finance leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_90F_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20251231_zKQKwVtTCxsk" title="Finance leases">15.7</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_905_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20241231_zyXQe68iljDh" title="Finance leases">16.2</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20251231_zLwChh9I97Pe" title="Operating leases">19.6</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20241231_zDM1WdIQ6Z59" title="Operating leases">19.6</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Weighted average discount rate:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Finance leases</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zViCwBRk53jf" title="Finance leases">4.53</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span id="xdx_900_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_zZe1zCZelFe1" title="Finance leases">4.62</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zwExHMCUmrJ8" title="Operating leases">4.90</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_z8MisQT6xUj3" title="Operating leases">4.90</span></td><td style="text-align: left">%</td></tr> </table> P15Y8M12D P16Y2M12D P19Y7M6D P19Y7M6D 0.0453 0.0462 0.0490 0.0490 <p id="xdx_899_eus-gaap--ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_zbcHeBlvWobl" style="margin: 0"><span style="font-size: 10pt">Supplemental cash flow information related to leases was as follows:</span></p> <p style="margin: 0"><span style="font-size: 10pt"><span id="xdx_8B8_zPXbgUHTwPSi" style="display: none">Lease Liabilities - Finance and Operating Lease -  Schedule of Cash Flow, Supplemental</span></span></p> <p style="margin: 0"><span style="font-size: 10pt"></span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" id="xdx_49E_20250101__20251231_zvqerFhqKMC5" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2025</td><td> </td> <td colspan="3" id="xdx_494_20240101__20241231_zRrHtwTESqyg" style="border-bottom: Black 1pt solid; text-align: center">December 31, <br/>2024</td></tr> <tr id="xdx_400_ecustom--CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_iB_zRaRsxEfdp8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash paid for amounts included in measurement of lease liabilities :</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasePayments_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">-Operating cash flows from operating leases</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$ </td><td style="width: 11%; text-align: right">826,761</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$ </td><td style="width: 11%; text-align: right">894,351</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FinanceLeasePrincipalPayments_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">-Financing cash flows from finance leases</td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right">262,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right">31,866,665</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--NoncashInformationOnLeaseLiabilitiesArisingFromObtainingRouAssetsAbstract_iB_zM224gn4WSCb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-cash information on lease liabilities arising from obtaining right-of-use assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--FinanceLeasesExpense_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">-Finance leases</td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1301">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right">38,636,330</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseExpense_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">-Operating leases</td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1304">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1305">—</span></td><td style="text-align: left"> </td></tr> </table> 826761 894351 262778 31866665 38636330 <p id="xdx_80F_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_zW18nS223rH2" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">NOTE 16 –– <span id="xdx_827_z8yIZflLH4X">EQUITY</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Stock Issued For The Acquisition</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white">In June 2024, SHSI entered into crude salt field acquisition agreements with five sellers. On February 28, 2025 (“closing date”), the transactions as contemplated by the acquisition agreements were closed. On the closing date, the Company issued an aggregate of <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesOther_c20240401__20240630__srt--CounterpartyNameAxis__custom--ShouguangHengdeSaltIndustryCoLtdMember_z8YoilkZInod" title="Shares issued">2,059,694</span> (post reverse share split 205,969 shares) shares of its common stock to the sellers at an agreed price of $1.50 per share, pursuant to the acquisition agreements.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">Reverse Stock Split and Authorized Shares</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On October 27, 2025, the Company completed a <span id="xdx_907_eus-gaap--StockholdersEquityReverseStockSplit_c20251001__20251027_znlhZR4rPxFk" title="Reverse stock split">1-for-10</span> reverse stock split of the Company’s common stock, such that for each ten shares outstanding prior to the stock split there was one share outstanding after the reverse stock split. All shares of common stock referenced in this report have been adjusted to reflect the stock split figures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Restricted Shares</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">A restricted stock award (“RSA”) is an award of common stocks that is subject to certain restrictions during a specified period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Restricted stock awards are independent of option grants and are generally subject to forfeiture if employment terminates prior to the release of the restrictions. The grantee cannot transfer the shares before the restricted shares vest. Shares of nonvested restricted stock have the same voting rights as common stock, are entitled to receive dividends and other distributions thereon and are considered to be currently issued and outstanding. The Company expenses the cost of the restricted stock awards, which is determined to be the fair market value of the shares at the date of grant, straight-line over the period during which the restrictions lapse. For these purposes, the fair market value of the restricted stock is determined based on the closing price of the Company's common stock on the grant date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company granted an aggregate of <span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_c20250101__20251231__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2019Member_pd" title="Restricted shares, issued">295,000</span> (post reverse share split 29,500 shares) restricted shares of common stock in January 25, 2025 to a consultant, the Company's directors, officers, and an employee as compensation for services rendered in the year ended December 31, 2024. The restricted shares award was granted under the 2019 Omnibus Equity Incentive Plan (See Note 18) and vested immediately. The fair value of the award on the date of grant was $<span id="xdx_90C_ecustom--FairValueOnGrantDateOfRestrictedShares_c20240101__20241231__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2019Member_pp0p" title="Fair value of restricted shares issued on grant date">194,700</span> (post reverse share split 19,470 shares) which was expensed in full during the year ended December 31, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company granted in the aggregate, <span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_c20250301__20250321__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2019Member_zdcG35VRyeH7" title="Restricted shares, issued">265,000</span> (post reverse share split 26,500 shares) restricted shares of common stock on March 21, 2025 to a consultant, the company's directors, officers and an employee as compensation for services rendered. The restricted shares award were granted under the 2019 Omnibus Equity Incentive Plan and vested immediately. The fair value of the award on the date of grant was $<span id="xdx_90A_ecustom--FairValueOnGrantDateOfRestrictedShares_pp0d_c20250101__20251231__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2019Member_zOBjLSNcVTS4" title="Fair value of restricted shares issued on grant date">196,100</span> (post reverse share split 19,610 shares) which was expensed in full during the year ended December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company granted in the aggregate, <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_c20251101__20251121__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2025Member_zoSyu6sgUd5d" title="Restricted shares, issued">186,000</span> restricted shares of common stock on November 21, 2025 to a consultant, the company's directors, officers and an employee as compensation for services rendered. The restricted shares award were granted under the 2025 Omnibus Equity Incentive Plan and vested immediately. The fair value of the award on the date of grant was $<span id="xdx_904_ecustom--FairValueOnGrantDateOfRestrictedShares_pp0d_c20251101__20251121__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2025Member_zMiswpWx7Kc9" title="Fair value of restricted shares issued on grant date">734,700</span> which was expensed in full during the year ended December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Retained Earnings - Appropriated</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In accordance with the relevant PRC regulations and the PRC subsidiaries’ Articles of Association, the Company’s PRC subsidiaries are required to allocate its profit after tax to the following reserve:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><i>Statutory Reserve</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s PRC subsidiaries are required each year to transfer at least 10% of the profit after tax as reported under the PRC statutory financial statements to the Statutory Reserve until the balance reaches 50% of the registered share capital. This reserve can be used to make up any loss incurred or to increase share capital. Except for the reduction of losses incurred, any other application should not result in this reserve balance falling below 25% of the registered capital. <span id="xdx_907_ecustom--StatutoryCommonReserveFundDescription_c20250101__20251231_z1JS1oHtDGS7" title="Statutory common reserve fund, description">As of December 31, 2025, the Company’s statutory provident fund stood at </span>$26.67 million.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> 2059694 1-for-10 295000 194700 265000 196100 186000 734700 As of December 31, 2025, the Company’s statutory provident fund stood at <p id="xdx_807_eus-gaap--TreasuryStockTextBlock_zv7XCgrAYW84" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 17 – <span id="xdx_821_zIt88Z7apsk6">TREASURY STOCK</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">As of December 31, 2025 and December 31, 2024, the number of treasury stock of the Company was <span id="xdx_90C_eus-gaap--TreasuryStockCommonShares_c20251231_pd" title="Treasury stock, shares">28,583</span> and <span id="xdx_90D_eus-gaap--TreasuryStockCommonShares_c20241231_pd" title="Treasury stock, shares">28,583</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> 28583 28583 <p id="xdx_80E_eus-gaap--CompensationRelatedCostsGeneralTextBlock_zQp7Sr5CVMk2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">NOTE 18 – <span id="xdx_824_zi4CW2q8zP2j">STOCK-BASED COMPENSATION</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Pursuant to the Company’s 2025 Omnibus Equity Incentive Plan adopted and approved in 2025 (“2025 Plan”), awards under the 2025 Plan is limited in the aggregate to <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20191231__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2025Member_zQzR26ZilSX6" title="Awards, number of shares authorized">2,000,000</span> shares of our common stock, inclusive of the awards that were previously issued and outstanding under the Company’s 2019 Omnibus Equity Incentive Plan,, as amended (the “2019 Plan”). Upon adoption and approval of the 2025 Plan, the 2019 Plan was frozen, no new awards will be granted under the 2019 Plan, and outstanding awards under the 2019 Plan will continue to be governed by the terms and condition of the 2019 Plan and applicable award agreement. As of December 31, 2025, the number of shares of the Company’s common stock available for grant of stock options and issuance under the 2025 Plan is <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_c20251231__us-gaap--PlanNameAxis__custom--OmnibusEquityIncentivePlan2025Member_z8mjIyk1c2dl" title="Shares available for grant">14,000</span> shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model. The risk free rate is based on the yield-to-maturity in continuous compounding of the US Government Bonds with the time-to-maturity similar to the expected tenor of the option granted, volatility is based on the annualized historical stock price volatility of the Company, and the expected life is based on the historical option exercise pattern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">For the year ended December 31, 2025 and 2024, total compensation costs for options issued recorded in the consolidated statement of comprehensive income (loss) were nil. There were no related tax benefits as a full valuation allowance was recorded in the years ended December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p id="xdx_896_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zwWbOIMaD1qk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The following table summarizes all Company stock option transactions between January 1, 2025 and December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_8BB_ziZgPlNlbyqa" style="display: none">Stock-Based Compensation - Schedule of Stock Option Activity</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Number of Option and Warrants Outstanding and exercisable</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Weighted- Average Exercise price of Option and Warrants</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Range of Exercise Price per Common Stock</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, January 1, 2025</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250101__20251231_zstsQXmMv4z3" title="Number of option and warrants outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1345">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250101__20251231_zn4ciqiAd9Vj" title="Weighted-average exercise price of options and warrants"><span style="-sec-ix-hidden: xdx2ixbrl1347">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_905_ecustom--RangeOfExercisePricePerCommonShareBeginningBalance_c20250101__20251231_zAC7hV1vf6Y9" title="Range of exercise price per common share, beginning balance"><span style="-sec-ix-hidden: xdx2ixbrl1349">—</span></span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Exercised</td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20250101__20251231_zUQ3BhGK2NM7" title="Number of options and warrants, exercised"><span style="-sec-ix-hidden: xdx2ixbrl1351">—</span></span></td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20250101__20251231_pd" title="Weighted-average exercise price of option and warrants, exercised"><span style="-sec-ix-hidden: xdx2ixbrl1353">—</span></span></td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_ecustom--RangeOfExercisePricePerCommonShareExercised_c20250101__20251231_z4h0STWYd7L6" title="Range of exercise price per common share exercised"><span style="-sec-ix-hidden: xdx2ixbrl1355">—</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expired</td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_c20250101__20251231_pd" title="Number of options and warrants, expired"><span style="-sec-ix-hidden: xdx2ixbrl1357">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_c20250101__20251231_pd" title="Weighted-average exercise price of option and warrants, expired"><span style="-sec-ix-hidden: xdx2ixbrl1359">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_ecustom--RangeOfExercisePricePerCommonShareExpired_c20250101__20251231_z2CNZDy814sj" title="Range of exercise price per common share, expired"><span style="-sec-ix-hidden: xdx2ixbrl1361">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Balance, December 31, 2025</td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20251231_zUB3VJPZyeKc" title="Number of option and warrants outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1363">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250101__20251231_zM0Ul1WSdha3" title="Weighted-average exercise price of options and warrants"><span style="-sec-ix-hidden: xdx2ixbrl1365">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_902_ecustom--RangeOfExercisePricePerCommonShareEndingBalance_c20250101__20251231_zc4tsFXMehSg" title="Range of exercise price per common share"><span style="-sec-ix-hidden: xdx2ixbrl1367">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 260.5pt; text-align: center"></p> <p id="xdx_8A8_zgb8NcKHFEY4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_880_eus-gaap--ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_z2EmQb2knz0h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation - Schedule of Stock Options Outstanding and Exercisable (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td colspan="13" style="text-align: center; padding-bottom: 1pt">Stock and Warrants Options Exercisable and Outstanding</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Outstanding at December 31, 2025</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Range of Exercise Prices</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Exercisable and outstanding</td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20251231_pd" title="Outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1371">—</span></span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_c20251231_pd" title="Range of exercise prices, outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1373">—</span></span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">—</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">All options exercisable and outstanding at December 31, 2025 are fully vested. As of December 31, 2025, there was no unrecognized compensation cost related to outstanding stock options,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The aggregate intrinsic value of options outstanding and exercisable as of December 31, 2025 and 2024 was $<span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_c20251231_pp0p" title="Aggregate intrinsic value of options outstanding and exercisable">0</span> and $<span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_c20241231_pp0p" title="Aggregate intrinsic value of options outstanding and exercisable">0</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> 2000000 14000 <p id="xdx_896_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zwWbOIMaD1qk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The following table summarizes all Company stock option transactions between January 1, 2025 and December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_8BB_ziZgPlNlbyqa" style="display: none">Stock-Based Compensation - Schedule of Stock Option Activity</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Number of Option and Warrants Outstanding and exercisable</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Weighted- Average Exercise price of Option and Warrants</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Range of Exercise Price per Common Stock</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance, January 1, 2025</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250101__20251231_zstsQXmMv4z3" title="Number of option and warrants outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1345">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250101__20251231_zn4ciqiAd9Vj" title="Weighted-average exercise price of options and warrants"><span style="-sec-ix-hidden: xdx2ixbrl1347">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_905_ecustom--RangeOfExercisePricePerCommonShareBeginningBalance_c20250101__20251231_zAC7hV1vf6Y9" title="Range of exercise price per common share, beginning balance"><span style="-sec-ix-hidden: xdx2ixbrl1349">—</span></span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Exercised</td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20250101__20251231_zUQ3BhGK2NM7" title="Number of options and warrants, exercised"><span style="-sec-ix-hidden: xdx2ixbrl1351">—</span></span></td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20250101__20251231_pd" title="Weighted-average exercise price of option and warrants, exercised"><span style="-sec-ix-hidden: xdx2ixbrl1353">—</span></span></td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_ecustom--RangeOfExercisePricePerCommonShareExercised_c20250101__20251231_z4h0STWYd7L6" title="Range of exercise price per common share exercised"><span style="-sec-ix-hidden: xdx2ixbrl1355">—</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expired</td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_c20250101__20251231_pd" title="Number of options and warrants, expired"><span style="-sec-ix-hidden: xdx2ixbrl1357">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_c20250101__20251231_pd" title="Weighted-average exercise price of option and warrants, expired"><span style="-sec-ix-hidden: xdx2ixbrl1359">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_901_ecustom--RangeOfExercisePricePerCommonShareExpired_c20250101__20251231_z2CNZDy814sj" title="Range of exercise price per common share, expired"><span style="-sec-ix-hidden: xdx2ixbrl1361">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Balance, December 31, 2025</td><td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20251231_zUB3VJPZyeKc" title="Number of option and warrants outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1363">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250101__20251231_zM0Ul1WSdha3" title="Weighted-average exercise price of options and warrants"><span style="-sec-ix-hidden: xdx2ixbrl1365">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_902_ecustom--RangeOfExercisePricePerCommonShareEndingBalance_c20250101__20251231_zc4tsFXMehSg" title="Range of exercise price per common share"><span style="-sec-ix-hidden: xdx2ixbrl1367">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 260.5pt; text-align: center"></p> <table cellpadding="0" cellspacing="0" id="xdx_880_eus-gaap--ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_z2EmQb2knz0h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation - Schedule of Stock Options Outstanding and Exercisable (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td colspan="13" style="text-align: center; padding-bottom: 1pt">Stock and Warrants Options Exercisable and Outstanding</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Outstanding at December 31, 2025</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Range of Exercise Prices</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Exercisable and outstanding</td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_c20251231_pd" title="Outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1371">—</span></span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_c20251231_pd" title="Range of exercise prices, outstanding and exercisable"><span style="-sec-ix-hidden: xdx2ixbrl1373">—</span></span></td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">—</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> </table> 0 0 <p id="xdx_804_eus-gaap--AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_zB0oWrU4zwF5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">NOTE 19 – <span id="xdx_82D_zE7l3O6yxaI6">ACCRUED LIABILITIES</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_913_eus-gaap--SettledLitigationMember_z5QZRAxUQGd2" style="display: none">Settled Litigation</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On September 18, 2023, Shandong Shouguang Vegetable Industry Group Co., Ltd. and Shandong Shouguang Vegetable Seed Group Co., Ltd. entered into loan agreements with Shandong Deepin City Emergency Loan Fund Co., Ltd.. <span id="xdx_900_eus-gaap--LossContingencySettlementAgreementTerms_c20250901__20250930__us-gaap--LitigationStatusAxis__us-gaap--SettledLitigationMember__srt--LitigationCaseAxis__custom--ShandongShouguangVegetableIndustryGroupCoLtdAndShandongShouguangVegetableSeedGroupCoLtdMember_zZNAxoSrW7Hk" title="Settlement agreement">A total of nine companies and individuals providing guarantee to these loans, including SCHC and SYCI. As of July 2024, Shangdong Shouguang Vegetable Industry Group Co., Ltd. and Shandong Shouguang Vegetable Seed Group Co., Ltd. owed a principal of $2,104,050 and $1,402,700 to Shandong Deepin City Emergency Loan Fund Co., Ltd., respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_90F_eus-gaap--LossContingencyPartiesJointlyAndSeverallyLiableInLitigation_c20240101__20241231_zwn8odirscaj" title="Results of mediation">Mediated by the Local Arbitration Commission and documented in mediation documents No. 1358 and 1357, Shandong Shouguang Vegetable Industry Group Co., Ltd. and Shandong Shouguang Vegetable Seed Industry Group Co., Ltd. were to repay $2,104,050 and $1,402,700 to Shandong Deepin City Emergency Loan Fund Co., Ltd. before May 8, 2024, respectively. In addition, they were required to pay interests every ten days starting from January 1, 2024. SCHC and SYCI are jointly and severally liable for both the principal and interests.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Shandong Deepin City Emergency Loan Fund Co., Ltd. sought court action as Shandong Shouguang Vegetable Industry Group Co., Ltd. and Shandong Shouguang Vegetable Seed Industry Group Co., Ltd. were unable to pay principal before deadline or interests as scheduled. Pursuant to court orders (2024) Lu 07 Exec 640 and (2024) Lu 07 Exec 641, SCHC and SYCI, as guarantors, are required to repay the principal and interests. The Shandong Weifang Intermediate People's Court ruled to auction the land at Xiangjiang road, Yangkou town, Shouguang City and the attached properties on it, and the auction proceeds would be used to repay Shandong Deepin City Emergency Loan Fund Co., Ltd.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The court engaged a third-party valuer for evaluation of the land at Xiangjiang road, Yangkou town ,Shouguang city and its attached properties. The valuation report returned a fair value of $<span id="xdx_902_eus-gaap--InventoryRealEstateLandAndLandDevelopmentCosts_c20251231_pp0p" title="Land valuation">4,580,892</span>. The Company recognized an impairment loss of $<span id="xdx_905_eus-gaap--PropertyPlantAndEquipmentDisposals_pp0d_c20250101__20251231_zaRXFiXDsSii" title="Impairment of long-lived assets">29,782,912</span> accordingly.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The court imposed a forced auction of the land and its attached properties in July, 2025 however the auction was filed. A second auction was held on August 15, 2025. The land and its attached properties were sold at $<span id="xdx_901_eus-gaap--ProceedsFromSaleOfPropertyHeldForSale_c20250101__20251231_pp0p" title="Sale of land">2,556,733</span>. As the selling price was lower than the fair value, the Company recognized a loss on disposal of long-term assets of $<span id="xdx_909_eus-gaap--GainLossOnDispositionOfAssets_pp0d_c20250101__20251231_zH1qdApg2Ps7" title="Gain (Loss) on Disposition of Assets">2,008,853</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">As of December 31, 2025, as SCHC was liable for a sum of principal and interests of $<span id="xdx_90C_ecustom--PrincipalAndInterests_c20250101__20251231__srt--CounterpartyNameAxis__custom--SCHCIMember_zey784AY2dLg" title="Principal and interests">499,688</span>, net of auction proceeds, the Company recognized accrued liabilities of $<span id="xdx_900_ecustom--AccruedLiabilities_c20250101__20251231__srt--CounterpartyNameAxis__custom--SCHCIMember_z79PYQl33kba" title="Accrued liabilities">499,688</span> accordingly.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> A total of nine companies and individuals providing guarantee to these loans, including SCHC and SYCI. As of July 2024, Shangdong Shouguang Vegetable Industry Group Co., Ltd. and Shandong Shouguang Vegetable Seed Group Co., Ltd. owed a principal of $2,104,050 and $1,402,700 to Shandong Deepin City Emergency Loan Fund Co., Ltd., respectively. Mediated by the Local Arbitration Commission and documented in mediation documents No. 1358 and 1357, Shandong Shouguang Vegetable Industry Group Co., Ltd. and Shandong Shouguang Vegetable Seed Industry Group Co., Ltd. were to repay $2,104,050 and $1,402,700 to Shandong Deepin City Emergency Loan Fund Co., Ltd. before May 8, 2024, respectively. In addition, they were required to pay interests every ten days starting from January 1, 2024. SCHC and SYCI are jointly and severally liable for both the principal and interests. 4580892 29782912 2556733 2008853 499688 499688 <p id="xdx_809_eus-gaap--IncomeTaxDisclosureTextBlock_zTBrTz4xTjSb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 20 – <span id="xdx_823_zxDVEWzUcYB7">INCOME TAXES</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company utilizes the asset and liability method of accounting for income taxes in accordance with FASB ASC 740-10. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(a)</td><td>United States (“US”)</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Gulf Resources, Inc. may be subject to the United States of America Tax laws at a tax rate of <span id="xdx_901_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_c20250101__20251231__srt--StatementGeographicalAxis__country--US_pd" title="Tax rate">21%</span>. No provision for the US federal income taxes has been made as the Company had no US taxable income for the years ended December 31, 2025 and 2024, and management believes that its earnings are permanently invested in the PRC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(b)</td><td>British Virgin Islands (“BVI”)</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Upper Class Group Limited, a subsidiary of Gulf Resources, Inc., was incorporated in the BVI and, under the current laws of the BVI, it is not subject to tax on income or capital gain in the BVI. Upper Class Group Limited did not generate assessable profit for the years ended December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(c)</td><td>Hong Kong</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">HKJI, a subsidiary of Upper Class Group Limited, was incorporated in Hong Kong and is subject to Hong Kong taxation on its activities conducted in Hong Kong and income arising in or derived from Hong Kong. No provision for income tax has been made as it has no taxable income for the years ended December 31, 2025 and 2024. The applicable statutory tax rates for the years ended December 31, 2025 and 2024 are <span id="xdx_90D_eus-gaap--EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_c20250101__20251231__srt--StatementGeographicalAxis__country--HK_pd" title="Tax rate"><span id="xdx_90F_eus-gaap--EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_c20240101__20241231__srt--StatementGeographicalAxis__country--HK_pd" title="Tax rate">16.5%</span></span>. There is no dividend withholding tax in Hong Kong.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(d)</td><td>PRC</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Enterprise income tax (“EIT”) for SCHC, SYCI, SHSI and DCHC in the PRC is charged at <span id="xdx_90F_eus-gaap--EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_c20250101__20251231__srt--StatementGeographicalAxis__country--CN_pd" title="Tax rate">25%</span> of the assessable profits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The operating subsidiaries SCHC is a wholly foreign-owned enterprises (“FIE”), SYCI, DCHC, and SHSI are incorporated in the PRC and are subject to PRC Local Income Tax Law. The PRC tax losses may be carried forward to be utilized against future taxable profit for ten years for High-tech enterprises and small and medium-sized enterprises of science and technology and for five years for other companies. Tax losses of the operating subsidiaries of the Company may be carried forward for five years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On February 22, 2008, the Ministry of Finance (“MOF”) and the State Administration of Taxation (“SAT”) jointly issued CaiShui [2008] Circular 1 (“Circular 1”). According to Article 4 of Circular 1, distributions of accumulated profits earned by a FIE prior to January 1, 2008 to foreign investor(s) in 2008 will be exempted from withholding tax (“WHT”) while distribution of the profit earned by an FIE after January 1, 2008 to its foreign investor(s) shall be subject to WHT at 5% effective tax rate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As of December 31, 2025 and 2024, the accumulated distributable earnings under the Generally Accepted Accounting Principles (“GAAP”) of PRC that are subject to WHT are $<span id="xdx_902_ecustom--AccumulatedDistributedEarningsSubjectToWithholdingTax_c20251231__srt--StatementGeographicalAxis__country--CN_pp0p" title="Accumulated distributable earnings subject to withholding tax">35,595,921</span> and $<span id="xdx_903_ecustom--AccumulatedDistributedEarningsSubjectToWithholdingTax_c20241231__srt--StatementGeographicalAxis__country--CN_pp0p" title="Accumulated distributable earnings subject to withholding tax">40,524,183</span>, respectively. Since the Company intends to reinvest its earnings to further expand its businesses in mainland China, its foreign invested enterprises do not intend to declare dividends to their immediate foreign holding companies in the foreseeable future. Accordingly, as of December 31, 2025 and December 31, 2024, the Company has not recorded any WHT on the cumulative amount of distributable retained earnings of its foreign invested enterprises that are subject to WHT in China. As of December 31, 2025 and December 31, 2024, the unrecognized WHT are $<span id="xdx_901_ecustom--UnrecognizedWithholdingTax_c20251231__srt--StatementGeographicalAxis__country--CN_pp0p" title="Unrecognized withholding tax">2,521,128</span> and $<span id="xdx_900_ecustom--UnrecognizedWithholdingTax_c20241231__srt--StatementGeographicalAxis__country--CN_pp0p" title="Unrecognized withholding tax">1,078,743</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s income tax returns are subject to the various tax authorities’ examination. The federal, state and local authorities of the United States may examine the Company’s income tax returns filed in the United States for three years from the date of filing. The Company’s US income tax returns since 2017 are currently subject to examination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Inland Revenue Department of Hong Kong (“IRD”) may examine the Company’s income tax returns filed in Hong Kong for seven years from date of filing. For the years 2012 through 2018, HKJI did not report any taxable income. It did not file any income tax returns during these years except for 2014 and 2018. For companies which do not have taxable income, IRD typically issues notification to companies requiring them to file income tax returns once in every four years. The tax returns for 2014 and 2018 are currently subject to examination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p id="xdx_894_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_z0Y80poDhnO2" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">The components of the provision for income tax benefit (expense) from continuing operations are:</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span id="xdx_8B1_zcTQ9nK6X5mi" style="display: none">Income Taxes - Schedule of Components of Income Tax Expense Benefit</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left; padding-bottom: 1pt">Current taxes – PRC</td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_90F_eus-gaap--CurrentIncomeTaxExpenseBenefit_iN_pp0d_di_c20250101__20251231_zuG7ZdDegmz6" title="Current taxes - PRC"><span style="-sec-ix-hidden: xdx2ixbrl1420">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_902_eus-gaap--CurrentIncomeTaxExpenseBenefit_iN_pp0d_di_c20240101__20241231_zsBKjCIb6fqe" title="Current taxes - PRC">(15,204</span></td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred taxes – PRC entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eus-gaap--DeferredOtherTaxExpenseBenefit_iN_pp0d_di_c20250101__20251231_zI9pPnS37Iog" title="Deferred taxes - PRC entities"><span style="-sec-ix-hidden: xdx2ixbrl1424">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eus-gaap--DeferredOtherTaxExpenseBenefit_iN_pp0d_di_c20240101__20241231_zDYEG5CQYs98" title="Deferred taxes - PRC entities">(1,632,978</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Income tax (expenses) benefits</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0d_di_c20250101__20251231_zNDFlMEMireg" title="Total Income tax (expenses) benefits"><span style="-sec-ix-hidden: xdx2ixbrl1428">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0d_di_c20240101__20241231_zBAptZypr8K1" title="Total Income tax (expenses) benefits">(1,648,182</span></td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td></tr> </table> <p id="xdx_8AF_zCqwwXrrjwo5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 16.35pt"> </p> <p id="xdx_89F_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z8bCwLmh2jn5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Significant components of the Company’s deferred tax assets and liabilities at December 31, 2025 and December 31, 2024 are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_8B4_z3wP7kuV33z8" style="display: none">Income Taxes - Schedule of Deferred Tax Assets and Liabilities</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20251231_z1Bb5PEZ3J66" style="border-bottom: Black 1pt solid; text-align: center">December 31,</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49F_20241231_z7f7ZOs0NxM3" style="border-bottom: Black 1pt solid; text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxLiabilities_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1434">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1435">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsNetAbstract_iB_z82oTVwBkiKa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther_i01I_pp0d_maDTAGznZg_zrhy9kZznHe7" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Exploration costs</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,771,262</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,731,920</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsOther_i01I_pp0d_maDTAGznZg_zSkbIvCnDXdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Allowance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78,013</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">729,731</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses_i01I_pp0d_maDTAGznZg_zh0ONTEP07I5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment of long-lived assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,966</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,686,095</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DeferredTaxAssetsPRCTaxLosses_i01I_pp0d_maDTAGznZg_zaKRJn1nLdO5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PRC tax losses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,485,619</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,125,871</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities_i01I_pp0d_maDTAGznZg_zbUvBxEPnra8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,922</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1453">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwardsDomestic_i01I_pp0d_maDTAGznZg_zrLJGBRT3bch" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">US federal net operating loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,965,991</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,661,464</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DeferredTaxAssetsGross_i01TI_pp0d_mtDTAGznZg_maDTALNzVk0_zIZoiMsEvSXe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,497,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,935,081</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsValuationAllowance_i01NI_pp0d_di_msDTALNzVk0_zz36OhRv3kkk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(11,497,773</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(14,935,081</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--DeferredTaxAssetsLiabilitiesNet_i01I_pp0d_mtDTALNzVk0_zjXQeajgjqfh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net deferred tax asset</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1464">—</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1465">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p id="xdx_8A8_z6jXebmWuF4e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Deferred tax assets consist of future reversals of existing taxable temporary differences and adequate future taxable income, exclusive of reversing deductible temporary differences. As of December 31, 2025 and 2024, valuation allowances were mainly provided against deferred tax assets caused by exploration costs, impairment of long-lived assets, allowance and net operating loss where it was determined it was more likely than not that the benefits of the deferred tax assets will not be realized due to their continuous losses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The decrease in valuation allowance for the year ended December 31, 2025 is $<span id="xdx_90B_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_c20250101__20251231_pp0p" title="Increase/(decrease) in valuation allowance">3,437,308</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The increase in valuation allowance for the year ended December 31, 2024 is $<span id="xdx_905_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_c20240101__20241231_pp0p" title="Increase/(decrease) in valuation allowance">1,401,232</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">There were no unrecognized tax benefits and accrual for uncertain tax positions as of December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">There were no amounts accrued for penalties and interest for the years ended December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">There were no change in unrecognized tax benefits during the years ended December 31, 2025 and 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"></p> 0.21 0.165 0.165 0.25 35595921 40524183 2521128 1078743 <p id="xdx_894_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_z0Y80poDhnO2" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">The components of the provision for income tax benefit (expense) from continuing operations are:</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span id="xdx_8B1_zcTQ9nK6X5mi" style="display: none">Income Taxes - Schedule of Components of Income Tax Expense Benefit</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left; padding-bottom: 1pt">Current taxes – PRC</td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_90F_eus-gaap--CurrentIncomeTaxExpenseBenefit_iN_pp0d_di_c20250101__20251231_zuG7ZdDegmz6" title="Current taxes - PRC"><span style="-sec-ix-hidden: xdx2ixbrl1420">—</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right"><span id="xdx_902_eus-gaap--CurrentIncomeTaxExpenseBenefit_iN_pp0d_di_c20240101__20241231_zsBKjCIb6fqe" title="Current taxes - PRC">(15,204</span></td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred taxes – PRC entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eus-gaap--DeferredOtherTaxExpenseBenefit_iN_pp0d_di_c20250101__20251231_zI9pPnS37Iog" title="Deferred taxes - PRC entities"><span style="-sec-ix-hidden: xdx2ixbrl1424">—</span></span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eus-gaap--DeferredOtherTaxExpenseBenefit_iN_pp0d_di_c20240101__20241231_zDYEG5CQYs98" title="Deferred taxes - PRC entities">(1,632,978</span></td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Income tax (expenses) benefits</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0d_di_c20250101__20251231_zNDFlMEMireg" title="Total Income tax (expenses) benefits"><span style="-sec-ix-hidden: xdx2ixbrl1428">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90A_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0d_di_c20240101__20241231_zBAptZypr8K1" title="Total Income tax (expenses) benefits">(1,648,182</span></td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td></tr> </table> 15204 1632978 1648182 <p id="xdx_89F_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z8bCwLmh2jn5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">Significant components of the Company’s deferred tax assets and liabilities at December 31, 2025 and December 31, 2024 are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_8B4_z3wP7kuV33z8" style="display: none">Income Taxes - Schedule of Deferred Tax Assets and Liabilities</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20251231_z1Bb5PEZ3J66" style="border-bottom: Black 1pt solid; text-align: center">December 31,</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49F_20241231_z7f7ZOs0NxM3" style="border-bottom: Black 1pt solid; text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxLiabilities_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1434">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1435">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsNetAbstract_iB_z82oTVwBkiKa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther_i01I_pp0d_maDTAGznZg_zrhy9kZznHe7" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Exploration costs</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,771,262</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,731,920</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsOther_i01I_pp0d_maDTAGznZg_zSkbIvCnDXdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Allowance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78,013</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">729,731</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses_i01I_pp0d_maDTAGznZg_zh0ONTEP07I5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment of long-lived assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,966</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,686,095</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DeferredTaxAssetsPRCTaxLosses_i01I_pp0d_maDTAGznZg_zaKRJn1nLdO5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PRC tax losses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,485,619</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,125,871</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities_i01I_pp0d_maDTAGznZg_zbUvBxEPnra8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,922</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1453">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwardsDomestic_i01I_pp0d_maDTAGznZg_zrLJGBRT3bch" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">US federal net operating loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,965,991</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,661,464</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DeferredTaxAssetsGross_i01TI_pp0d_mtDTAGznZg_maDTALNzVk0_zIZoiMsEvSXe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,497,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,935,081</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsValuationAllowance_i01NI_pp0d_di_msDTALNzVk0_zz36OhRv3kkk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(11,497,773</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(14,935,081</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--DeferredTaxAssetsLiabilitiesNet_i01I_pp0d_mtDTALNzVk0_zjXQeajgjqfh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net deferred tax asset</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1464">—</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1465">—</span></span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 1771262 1731920 78013 729731 71966 1686095 7485619 9125871 124922 1965991 1661464 11497773 14935081 11497773 14935081 3437308 1401232 <p id="xdx_80E_eus-gaap--SegmentReportingDisclosureTextBlock_zbwT5Ys0TFT4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 21 – <span id="xdx_82F_zO2QfkLgm4ek">BUSINESS SEGMENTS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">ASC 280, Disclosures about Segments, of an Enterprise and Related Information, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise engaging in business activities from which they may earn revenues and incurred expenses, and about which separate financial information is available that is evaluated regularly by the chief operating decision-marker, or decision-making group( the “CODM”), in deciding how to allocate resources and assessing performance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company’s Chief Executive Officer (Mr. Xiaobin Liu) is determined as the CODM of the Company, Mr Liu measures the performance of each segment based on metrics of revenue and profit before taxes from operations and uses these results to evaluate the performance of, and to allocate resources to each of the segments. The Company has organized operations into four different business segments: (1) bromine, (2) crude salt, (3) chemical products, (4) natural gas.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As of December 31, 2025 and December 31, 2024, the detailed income statements of each of our divisions are presented below<span style="font-family: Times New Roman, Times, Serif">:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_zxyfPvw8sbm1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Business Segments - Schedule of Segment Reporting by Segment (Details)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Year Ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>December 31, 2025 <span id="xdx_912_eus-gaap--OperatingSegmentsMember_zfhGGkpjhVv3" style="display: none">Operating Segment</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td><td> </td> <td colspan="3" id="xdx_498_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zZASZRAp9Vwf" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Bromine*</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.95pt"></p></td><td> </td> <td colspan="3" id="xdx_49C_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zDuN7NZwuVUh" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Crude</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Salt*</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5pt"></p></td><td> </td> <td colspan="3" id="xdx_49B_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zzaDXSeEYBw2" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.55pt"><b>Chemical Products</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.55pt"></p></td><td> </td> <td colspan="3" id="xdx_49B_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zBi9wGPHph1j" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.05pt 0pt 16.85pt; text-indent: -8.15pt"><b>Natural Gas</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td><td> </td> <td colspan="3" id="xdx_499_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_zwO0VHFYHAB" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 19.85pt; text-indent: -7.25pt"><b>Segment Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.8pt"></p></td><td> </td> <td colspan="3" id="xdx_495_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_zKIrs8CThJd5" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_913_eus-gaap--CorporateNonSegmentMember_z9O7KEawHuE1" style="display: none">Corporate</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5pt"><b>Corporate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5pt"></p></td><td> </td> <td colspan="3" id="xdx_492_20250101__20251231_zo6uY8XXOYZ4" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.55pt"></p></td></tr> <tr id="xdx_401_eus-gaap--Revenues_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 23%; text-align: left">Net revenue <br/>(external customers)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">23,000,303</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">2,418,032</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1480">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1481">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">25,418,335</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1483">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">25,418,335</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--NetRevenueIntersegment_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net revenue <br/>(intersegment)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1486">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1487">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1488">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1489">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1490">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1491">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1492">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingIncomeLoss_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations before <br/>income tax expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,658,726</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(908,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,393,175</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(157,913</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,118,494</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,450,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,568,624</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1502">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1503">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1504">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1505">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1506">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1507">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1508">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_zOWE09MdNSg3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations after <br/>income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,658,726</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(908,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,393,175</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(157,913</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,118,494</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,450,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,568,624</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zMH9XTGszsNh" style="text-align: right" title="Total assets">83,080,154</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zfhQQWbSVXR7" style="text-align: right" title="Total assets">50,107,530</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_z3B7IoSzNTLk" style="text-align: right" title="Total assets"><span style="-sec-ix-hidden: xdx2ixbrl1522">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zWwOvEHthCpc" style="text-align: right" title="Total assets">543,530</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_z7mJc0Otkdvh" style="text-align: right" title="Total assets">133,731,214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_zlxokxz2savl" style="text-align: right" title="Total assets">596</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--Assets_iI_c20251231_z31aeMrONqk9" style="text-align: right" title="Total assets">133,731,810</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DepreciationAndAmortization_zSY5Ezn5LWpc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and <br/>amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,146,992</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,710,846</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">275,517</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">128,263</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,261,618</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1537">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,261,618</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--SegmentExpenditureAdditionToLongLivedAssets_zsBuXeKwPTP" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Capital expenditures</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214,761</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,129,878</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1542">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1543">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,344,639</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1545">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,344,639</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Year Ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>December 31, 2024</b></p></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zVeYcIGhDwS2" style="border-bottom: Black 1pt solid; font-weight: bold">Bromine*</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_497_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zeH2zLk2K8Nb" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Crude</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Salt*</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49B_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zhv22MQodA0i" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Chemical</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Products</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49D_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zFUHEaxI4Ww" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Natural</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Gas</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_491_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_zNTjEFuI0wd2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Segment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Total</b></p></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49E_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_znjxOwoPKBS9" style="border-bottom: Black 1pt solid; font-weight: bold">Corporate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49B_20240101__20241231_zmlGp5ao6bH" style="border-bottom: Black 1pt solid; font-weight: bold">Total</td></tr> <tr id="xdx_40A_eus-gaap--Revenues_z8lfALg1U8E4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 23%; text-align: left">Net revenue <br/>(external customers)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">5,549,815</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">2,049,988</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1550">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">61,207</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1553">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--NetRevenueIntersegment_zClXHorkRwp7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net revenue <br/>(intersegment)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1556">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1557">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1558">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1559">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1560">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1561">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1562">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingIncomeLoss_zLgZhC5zowa7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations before <br/>income tax expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17,455,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(668,110</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,185,472</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(195,364</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.5pt 0pt 0; text-align: right">(21,504,076)</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(744,493</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,248,569</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0d_di_zBeUBD5ANfg5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,632,978</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,204</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1574">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1575">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,648,182</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1577">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,648,182</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_zNqXTjSHqY9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations after <br/>income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,088,108</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(683,314</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,185,472</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(195,364</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(23,152,258</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(744,493</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(23,896,751</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zayW8bIGd1s3" style="text-align: right" title="Total assets">72,922,299</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zkX5tXZELPi1" style="text-align: right" title="Total assets">45,581,718</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zIE2SByeAvA1" style="text-align: right" title="Total assets">45,864,635</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zyEirueNJUcl" style="text-align: right" title="Total assets">1,698,575</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_zbcLVfe0bsBj" style="text-align: right" title="Total assets">166,067,227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_zl2gEgDpiRad" style="text-align: right" title="Total assets">1,755,061</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--Assets_iI_c20241231_zBBZmsA5PzVg" style="text-align: right" title="Total assets">167,822,288</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DepreciationAndAmortization_z1fZWmpKj7Fa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and <br/>amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,798,768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,659,865</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">272,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">134,080</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,865,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1607">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,865,429</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--SegmentExpenditureAdditionToLongLivedAssets_zt6waXKHrP07" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Capital expenditures</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28,923,642</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,602,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1612">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1613">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,526,213</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1615">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,526,213</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AE_zYSF3ycmHTY2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">* Certain common production overheads, operating and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and crude salt segments in SCHC were split by reference to the average selling price and production volume of the respective segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0; text-align: center">  </p> <table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--ScheduleOfSegmentCostTableTextBlock_zzGFhGAe0IBi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Business Segments - Schedule of Segment Reconciliations (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250101__20251231_zJ5R32stZFn8" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20240101__20241231_zUa3Y5VZTw7c" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Reconciliations</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_406_ecustom--SegmentOperatingIncomeLoss_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Total segment operating loss</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(7,118,494</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(21,504,076</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_402_ecustom--SegmentCorporateCosts_iN_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Corporate costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,450,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(744,493</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--UnrealizedGainLossOnTranslationOfInterCompanyBalances_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Unrealized gain (loss) on translation of intercompany balance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1626">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1627">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingIncomeLoss_zyoe7Unai9Rh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss from operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,568,624</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,248,569</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NetInvestmentIncome_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest income, net of expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">54,761</td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62,113</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NonoperatingIncomeExpense_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other expense, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,003,497</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1636">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--EnvironmentalCostsRecognizedCapitalizedInPeriod_iN_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain on disposal of subsidiary</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">674,776</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1639">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--GainLossOnDispositionOfAssets_iN_di_zSGyW98VZufh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 10pt">Loss on disposal of long-lived assets</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,008,853</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,169,008</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--ImpairmentOfLongLivedAssetsToBeDisposedOf_iN_di_zrv4HZePFDK4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font-size: 10pt">Impairment of long-lived assets</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(30,068,794</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,772,500</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss before taxes</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">(43,920,231</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">(58,252,190</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_89C_eus-gaap--ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock_zMS4ObEaPb09" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">The following table shows the major customers (10% or more) for the year ended December 31, 2025:</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span id="xdx_8B3_zSzkOv9GG1i3" style="display: none">Business Segments - Schedule of Revenue by Major Customers</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="3" style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center; padding-bottom: 1pt"> </td> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Bromine </b></p></td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; font-weight: bold; text-align: center">Crude Salt</td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; font-weight: bold; text-align: center">Chemical Products</td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; font-weight: bold; text-align: center">Total Revenue</td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; text-align: center; font-weight: bold"><p style="text-align: center; margin-top: 0; margin-bottom: 0">Percentage of Total</p> <p style="text-align: center; margin-top: 0; margin-bottom: 0">Revenue</p></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Number</b></span></td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: center"> </td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 34%; font-weight: bold; text-align: center; padding-bottom: 1pt">Customer</td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right"><span style="font-size: 10pt"><b>(%)</b></span></td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">1</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="text-align: left; padding-left: 0pt">Shandong Morui Chemical Company Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zUVqQvsW2ODl" style="padding-left: 0pt; text-align: right" title="Revenues">3,331</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_985_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zbTf8BlpL8I6" style="padding-left: 0pt; text-align: right" title="Revenues">853</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_905_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z7aSvvIFP8T4" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1656">—</span></span></span></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zH6XR2PLM7Bb" style="padding-left: 0pt; text-align: right" title="Revenues">4,184</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zEh3fOVxP5Z1" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">16.5</td><td style="padding-left: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">2</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="text-align: left; padding-left: 0pt">Shandong Brother Technology Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_z3xMOw3fThpj" style="padding-left: 0pt; text-align: right" title="Revenues">3,219</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_z2sx5YzhUxj7" style="padding-left: 0pt; text-align: right" title="Revenues">955</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zxd9USfUIjjg" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1666">—</span></span></span></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_981_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zxDZ6achvIuk" style="padding-left: 0pt; text-align: right" title="Revenues">4,174</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zLKvASkb1fl7" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">16.4</td><td style="padding-left: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">3</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">Shandong Shouguang Shenrunfa Marine Chemical Company Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_zB5b29rNVUu4" style="padding-left: 0pt; text-align: right" title="Revenues">3,422</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_d0_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_z59XP0ZOu3Zj" style="padding-left: 0pt; text-align: right" title="Revenues">—</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: right"> <span id="xdx_907_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_zjBstrkRwpxd" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1676">—</span></span></p></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_985_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_z3entib4c7Fj" style="padding-left: 0pt; text-align: right" title="Revenues">3,422</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zr6HPvYx4RO" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">13.5</td><td style="padding-left: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">4</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="text-align: left; padding-left: 0pt">Shouguang Weidong Chemical Company Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_ziVaQpIWRgj3" style="padding-left: 0pt; text-align: right" title="Revenues">2,717</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_z0BEXwyqrLN6" style="padding-left: 0pt; text-align: right" title="Revenues">609</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_903_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zxB9MdJiCUqf"><span style="-sec-ix-hidden: xdx2ixbrl1685">—</span></span></span></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_98B_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zIiNB36PUZz2" style="padding-left: 0pt; text-align: right" title="Revenues">3,326</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_982_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zrDk34sVnsKl" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">13.1</td><td style="padding-left: 0pt; text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">The following table shows the major customers (10% or more) for the year ended December 31, 2024:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 16.65pt 0pt 0; text-align: right"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="5" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Bromine</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Crude Salt</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Chemical</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Products</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Revenue</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Percentage of Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Revenue</b></p></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Number</b></span></td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; width: 34%; font-weight: bold; padding-bottom: 1pt; padding-left: 0pt">Customer</td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right"><span style="font-size: 10pt"><b>(%)</b></span></td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td style="text-align: center">1</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 0pt">Shandong Morui Chemical Company Limited</td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z1mSPNjKr7bg" style="text-align: right" title="Revenues">677</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zbMoBPz9KHAj" style="text-align: right" title="Revenues">770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_909_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z1YytKGwrrk"><span style="-sec-ix-hidden: xdx2ixbrl1694">—</span></span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td id="xdx_980_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z5mwxdq7UNNe" style="text-align: right" title="Revenues">1,447</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zKMQbq4WmJrg" style="text-align: right" title="Percentage of total revenues">18.9</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: center">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 0pt">Shandong Brother Technology Limited</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zwe2lxqXGmth" style="text-align: right" title="Revenues">646</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_z75nu1GZkVrb" style="text-align: right" title="Revenues">702</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_908_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_ztM0oqFN4Qn8" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1704">—</span></span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td id="xdx_981_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zVhIqFi64VU1" style="text-align: right" title="Revenues">1,348</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zOTnSIm8l54i" style="text-align: right" title="Percentage of total revenues">17.6</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td style="text-align: center">3</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 0pt">Shouguang Weidong Chemical Company Limited</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zBZ9QjDLyU5d" style="text-align: right" title="Revenues">646</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zwu5tUo171sc" style="text-align: right" title="Revenues">578</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_909_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_z60mCo510eq5"><span style="-sec-ix-hidden: xdx2ixbrl1713">—</span></span></span><span style="font-size: 10pt"></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td id="xdx_981_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_z1HbUsYMNfN9" style="text-align: right" title="Revenues">1,224</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_ziD1wYpftAKf" style="text-align: right" title="Percentage of total revenues">16.0</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8AC_zWwrEIRKtcqk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_zxyfPvw8sbm1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Business Segments - Schedule of Segment Reporting by Segment (Details)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Year Ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>December 31, 2025 <span id="xdx_912_eus-gaap--OperatingSegmentsMember_zfhGGkpjhVv3" style="display: none">Operating Segment</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td><td> </td> <td colspan="3" id="xdx_498_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zZASZRAp9Vwf" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Bromine*</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.95pt"></p></td><td> </td> <td colspan="3" id="xdx_49C_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zDuN7NZwuVUh" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Crude</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Salt*</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5pt"></p></td><td> </td> <td colspan="3" id="xdx_49B_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zzaDXSeEYBw2" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.55pt"><b>Chemical Products</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.55pt"></p></td><td> </td> <td colspan="3" id="xdx_49B_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zBi9wGPHph1j" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.05pt 0pt 16.85pt; text-indent: -8.15pt"><b>Natural Gas</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td><td> </td> <td colspan="3" id="xdx_499_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_zwO0VHFYHAB" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 19.85pt; text-indent: -7.25pt"><b>Segment Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.8pt"></p></td><td> </td> <td colspan="3" id="xdx_495_20250101__20251231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_zKIrs8CThJd5" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_913_eus-gaap--CorporateNonSegmentMember_z9O7KEawHuE1" style="display: none">Corporate</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5pt"><b>Corporate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5pt"></p></td><td> </td> <td colspan="3" id="xdx_492_20250101__20251231_zo6uY8XXOYZ4" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.55pt"></p></td></tr> <tr id="xdx_401_eus-gaap--Revenues_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 23%; text-align: left">Net revenue <br/>(external customers)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">23,000,303</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">2,418,032</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1480">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1481">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">25,418,335</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1483">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">25,418,335</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--NetRevenueIntersegment_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net revenue <br/>(intersegment)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1486">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1487">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1488">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1489">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1490">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1491">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1492">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingIncomeLoss_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations before <br/>income tax expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,658,726</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(908,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,393,175</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(157,913</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,118,494</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,450,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,568,624</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1502">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1503">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1504">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1505">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1506">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1507">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1508">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_zOWE09MdNSg3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations after <br/>income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,658,726</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(908,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,393,175</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(157,913</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,118,494</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,450,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,568,624</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zMH9XTGszsNh" style="text-align: right" title="Total assets">83,080,154</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zfhQQWbSVXR7" style="text-align: right" title="Total assets">50,107,530</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_z3B7IoSzNTLk" style="text-align: right" title="Total assets"><span style="-sec-ix-hidden: xdx2ixbrl1522">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zWwOvEHthCpc" style="text-align: right" title="Total assets">543,530</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_z7mJc0Otkdvh" style="text-align: right" title="Total assets">133,731,214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--Assets_iI_c20251231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_zlxokxz2savl" style="text-align: right" title="Total assets">596</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--Assets_iI_c20251231_z31aeMrONqk9" style="text-align: right" title="Total assets">133,731,810</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DepreciationAndAmortization_zSY5Ezn5LWpc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and <br/>amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,146,992</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,710,846</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">275,517</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">128,263</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,261,618</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1537">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,261,618</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--SegmentExpenditureAdditionToLongLivedAssets_zsBuXeKwPTP" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Capital expenditures</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214,761</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,129,878</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1542">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1543">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,344,639</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1545">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,344,639</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Year Ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>December 31, 2024</b></p></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_494_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zVeYcIGhDwS2" style="border-bottom: Black 1pt solid; font-weight: bold">Bromine*</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_497_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zeH2zLk2K8Nb" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Crude</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Salt*</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49B_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zhv22MQodA0i" style="border-bottom: Black 1pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Chemical</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>Products</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49D_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zFUHEaxI4Ww" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Natural</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Gas</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_491_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_zNTjEFuI0wd2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Segment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><b>Total</b></p></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49E_20240101__20241231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_znjxOwoPKBS9" style="border-bottom: Black 1pt solid; font-weight: bold">Corporate</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49B_20240101__20241231_zmlGp5ao6bH" style="border-bottom: Black 1pt solid; font-weight: bold">Total</td></tr> <tr id="xdx_40A_eus-gaap--Revenues_z8lfALg1U8E4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 23%; text-align: left">Net revenue <br/>(external customers)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">5,549,815</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">2,049,988</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1550">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">61,207</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1553">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--NetRevenueIntersegment_zClXHorkRwp7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net revenue <br/>(intersegment)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1556">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1557">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1558">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1559">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1560">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1561">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1562">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingIncomeLoss_zLgZhC5zowa7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations before <br/>income tax expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17,455,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(668,110</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,185,472</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(195,364</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.5pt 0pt 0; text-align: right">(21,504,076)</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(744,493</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,248,569</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--IncomeTaxExpenseBenefit_iN_pp0d_di_zBeUBD5ANfg5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,632,978</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,204</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1574">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1575">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,648,182</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1577">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,648,182</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_zNqXTjSHqY9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss from operations after <br/>income tax (expense) benefit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,088,108</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(683,314</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,185,472</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(195,364</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(23,152,258</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(744,493</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(23,896,751</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember_zayW8bIGd1s3" style="text-align: right" title="Total assets">72,922,299</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember_zkX5tXZELPi1" style="text-align: right" title="Total assets">45,581,718</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember_zIE2SByeAvA1" style="text-align: right" title="Total assets">45,864,635</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--NaturalGasMember_zyEirueNJUcl" style="text-align: right" title="Total assets">1,698,575</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember_zbcLVfe0bsBj" style="text-align: right" title="Total assets">166,067,227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--Assets_iI_c20241231__srt--ConsolidationItemsAxis__us-gaap--CorporateNonSegmentMember_zl2gEgDpiRad" style="text-align: right" title="Total assets">1,755,061</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--Assets_iI_c20241231_zBBZmsA5PzVg" style="text-align: right" title="Total assets">167,822,288</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DepreciationAndAmortization_z1fZWmpKj7Fa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and <br/>amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,798,768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,659,865</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">272,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">134,080</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,865,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1607">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,865,429</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--SegmentExpenditureAdditionToLongLivedAssets_zt6waXKHrP07" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Capital expenditures</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28,923,642</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,602,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1612">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1613">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,526,213</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1615">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,526,213</td><td style="text-align: left"> </td></tr> </table> 23000303 2418032 25418335 25418335 -4658726 -908680 -1393175 -157913 -7118494 -1450130 -8568624 -4658726 -908680 -1393175 -157913 -7118494 -1450130 -8568624 83080154 50107530 543530 133731214 596 133731810 13146992 2710846 275517 128263 16261618 16261618 214761 9129878 9344639 9344639 5549815 2049988 61207 7661010 7661010 -17455130 -668110 -3185472 -195364 -21504076 -744493 -22248569 1632978 15204 1648182 1648182 -19088108 -683314 -3185472 -195364 -23152258 -744493 -23896751 72922299 45581718 45864635 1698575 166067227 1755061 167822288 16798768 1659865 272716 134080 18865429 18865429 28923642 31602571 60526213 60526213 <table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--ScheduleOfSegmentCostTableTextBlock_zzGFhGAe0IBi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Business Segments - Schedule of Segment Reconciliations (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250101__20251231_zJ5R32stZFn8" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20240101__20241231_zUa3Y5VZTw7c" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Reconciliations</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_406_ecustom--SegmentOperatingIncomeLoss_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Total segment operating loss</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(7,118,494</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(21,504,076</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_402_ecustom--SegmentCorporateCosts_iN_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Corporate costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,450,130</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(744,493</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--UnrealizedGainLossOnTranslationOfInterCompanyBalances_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Unrealized gain (loss) on translation of intercompany balance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1626">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1627">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingIncomeLoss_zyoe7Unai9Rh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss from operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,568,624</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,248,569</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NetInvestmentIncome_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest income, net of expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">54,761</td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62,113</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NonoperatingIncomeExpense_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other expense, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,003,497</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1636">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--EnvironmentalCostsRecognizedCapitalizedInPeriod_iN_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain on disposal of subsidiary</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">674,776</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1639">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--GainLossOnDispositionOfAssets_iN_di_zSGyW98VZufh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 10pt">Loss on disposal of long-lived assets</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,008,853</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,169,008</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--ImpairmentOfLongLivedAssetsToBeDisposedOf_iN_di_zrv4HZePFDK4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font-size: 10pt">Impairment of long-lived assets</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(30,068,794</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,772,500</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_i_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss before taxes</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">(43,920,231</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$ </td><td style="border-bottom: Black 2.5pt double; text-align: right">(58,252,190</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td></tr> </table> -7118494 -21504076 -1450130 -744493 -8568624 -22248569 54761 -62113 -4003497 674776 2008853 29169008 30068794 6772500 -43920231 -58252190 <p id="xdx_89C_eus-gaap--ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock_zMS4ObEaPb09" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">The following table shows the major customers (10% or more) for the year ended December 31, 2025:</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span id="xdx_8B3_zSzkOv9GG1i3" style="display: none">Business Segments - Schedule of Revenue by Major Customers</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="3" style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center; padding-bottom: 1pt"> </td> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Bromine </b></p></td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; font-weight: bold; text-align: center">Crude Salt</td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; font-weight: bold; text-align: center">Chemical Products</td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; font-weight: bold; text-align: center">Total Revenue</td><td style="padding-left: 0pt; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="padding-left: 0pt; text-align: center; font-weight: bold"><p style="text-align: center; margin-top: 0; margin-bottom: 0">Percentage of Total</p> <p style="text-align: center; margin-top: 0; margin-bottom: 0">Revenue</p></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Number</b></span></td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: center"> </td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 34%; font-weight: bold; text-align: center; padding-bottom: 1pt">Customer</td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"></td><td style="padding-left: 0pt; width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 8%; font-weight: bold; text-align: right"><span style="font-size: 10pt"><b>(%)</b></span></td><td style="border-bottom: Black 1pt solid; padding-left: 0pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">1</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="text-align: left; padding-left: 0pt">Shandong Morui Chemical Company Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zUVqQvsW2ODl" style="padding-left: 0pt; text-align: right" title="Revenues">3,331</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_985_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zbTf8BlpL8I6" style="padding-left: 0pt; text-align: right" title="Revenues">853</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_905_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z7aSvvIFP8T4" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1656">—</span></span></span></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zH6XR2PLM7Bb" style="padding-left: 0pt; text-align: right" title="Revenues">4,184</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zEh3fOVxP5Z1" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">16.5</td><td style="padding-left: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">2</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="text-align: left; padding-left: 0pt">Shandong Brother Technology Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_z3xMOw3fThpj" style="padding-left: 0pt; text-align: right" title="Revenues">3,219</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_z2sx5YzhUxj7" style="padding-left: 0pt; text-align: right" title="Revenues">955</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zxd9USfUIjjg" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1666">—</span></span></span></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_981_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zxDZ6achvIuk" style="padding-left: 0pt; text-align: right" title="Revenues">4,174</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zLKvASkb1fl7" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">16.4</td><td style="padding-left: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">3</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">Shandong Shouguang Shenrunfa Marine Chemical Company Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98E_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_zB5b29rNVUu4" style="padding-left: 0pt; text-align: right" title="Revenues">3,422</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_d0_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_z59XP0ZOu3Zj" style="padding-left: 0pt; text-align: right" title="Revenues">—</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 0; text-align: right"> <span id="xdx_907_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_zjBstrkRwpxd" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1676">—</span></span></p></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_985_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember_z3entib4c7Fj" style="padding-left: 0pt; text-align: right" title="Revenues">3,422</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_984_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShandongShouguangShenrunfaMarineChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zr6HPvYx4RO" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">13.5</td><td style="padding-left: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt; text-align: center">4</td><td style="padding-left: 0pt; text-align: center"> </td><td style="padding-left: 0pt"> </td> <td style="text-align: left; padding-left: 0pt">Shouguang Weidong Chemical Company Limited</td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_ziVaQpIWRgj3" style="padding-left: 0pt; text-align: right" title="Revenues">2,717</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_z0BEXwyqrLN6" style="padding-left: 0pt; text-align: right" title="Revenues">609</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td style="padding-left: 0pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_903_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zxB9MdJiCUqf"><span style="-sec-ix-hidden: xdx2ixbrl1685">—</span></span></span></td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left">$ </td><td id="xdx_98B_eus-gaap--Revenues_pn3n3_c20250101__20251231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zIiNB36PUZz2" style="padding-left: 0pt; text-align: right" title="Revenues">3,326</td><td style="padding-left: 0pt; text-align: left"> </td><td style="padding-left: 0pt"> </td> <td style="padding-left: 0pt; text-align: left"> </td><td id="xdx_982_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zrDk34sVnsKl" style="padding-left: 0pt; text-align: right" title="Percentage of total revenues">13.1</td><td style="padding-left: 0pt; text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">The following table shows the major customers (10% or more) for the year ended December 31, 2024:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 16.65pt 0pt 0; text-align: right"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="5" style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Bromine</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Crude Salt</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Chemical</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Products</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Revenue</b></p></td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Percentage of Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Revenue</b></p></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: center"><span style="font-size: 10pt"><b>Number</b></span></td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; width: 34%; font-weight: bold; padding-bottom: 1pt; padding-left: 0pt">Customer</td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right">(000’s)</td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="width: 1%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 8%; font-weight: bold; text-align: right"><span style="font-size: 10pt"><b>(%)</b></span></td><td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td style="text-align: center">1</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 0pt">Shandong Morui Chemical Company Limited</td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z1mSPNjKr7bg" style="text-align: right" title="Revenues">677</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_zbMoBPz9KHAj" style="text-align: right" title="Revenues">770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_909_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z1YytKGwrrk"><span style="-sec-ix-hidden: xdx2ixbrl1694">—</span></span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td id="xdx_980_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember_z5mwxdq7UNNe" style="text-align: right" title="Revenues">1,447</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--ShandongMoruiChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zKMQbq4WmJrg" style="text-align: right" title="Percentage of total revenues">18.9</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: center">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 0pt">Shandong Brother Technology Limited</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zwe2lxqXGmth" style="text-align: right" title="Revenues">646</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_z75nu1GZkVrb" style="text-align: right" title="Revenues">702</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_908_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_ztM0oqFN4Qn8" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl1704">—</span></span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td id="xdx_981_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember_zVhIqFi64VU1" style="text-align: right" title="Revenues">1,348</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--ShandongBrotherTechnologyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zOTnSIm8l54i" style="text-align: right" title="Percentage of total revenues">17.6</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td style="text-align: center">3</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 0pt">Shouguang Weidong Chemical Company Limited</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--BromineMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zBZ9QjDLyU5d" style="text-align: right" title="Revenues">646</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--CrudeSaltMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_zwu5tUo171sc" style="text-align: right" title="Revenues">578</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td style="text-align: right"><span style="font-size: 10pt"> <span id="xdx_909_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--ChemicalProductsMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_z60mCo510eq5"><span style="-sec-ix-hidden: xdx2ixbrl1713">—</span></span></span><span style="font-size: 10pt"></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$ </td><td id="xdx_981_eus-gaap--Revenues_pn3n3_c20240101__20241231__us-gaap--StatementBusinessSegmentsAxis__custom--TotalRevenueMember__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember_z1HbUsYMNfN9" style="text-align: right" title="Revenues">1,224</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--ShouguangWeidongChemicalCompanyLimitedMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_ziD1wYpftAKf" style="text-align: right" title="Percentage of total revenues">16.0</td><td style="text-align: left">%</td></tr> </table> 3331000 853000 4184000 0.165 3219000 955000 4174000 0.164 3422000 0 3422000 0.135 2717000 609000 3326000 0.131 677000 770000 1447000 0.189 646000 702000 1348000 0.176 646000 578000 1224000 0.160 <p id="xdx_80D_eus-gaap--ConcentrationRiskDisclosureTextBlock_zB2oOH5NyTid" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 22 – <span id="xdx_826_zz2HKjbnsD57">CUSTOMER CONCENTRATION</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_911_eus-gaap--SalesRevenueNetMember_z80sIY3ZSJIk" style="display: none">Revenue</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_914_eus-gaap--CustomerConcentrationRiskMember_zNviUjsJdEH4" style="display: none">Customer Concentration</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_91D_eus-gaap--ProductMember_zYinat5zpORh" style="display: none">Product</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company sells a substantial portion of its products to a limited number of customers. During the year ended December 31, 2025, the Company sold <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_c20250101__20251231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--ProductOrServiceAxis__us-gaap--ProductMember_pd" title="Percent of products sold to top five customers">67.6%</span> of its products to its top five customers. As of December 31, 2025, amounts due from these customers were $<span id="xdx_903_ecustom--AmountsDueFromMajorCustomers_c20251231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--ProductOrServiceAxis__us-gaap--ProductMember_pp0p" title="Amounts due from major customers">2,347,943</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company sells a substantial portion of its products to a limited number of customers. During the year ended December 31, 2024, the Company sold <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_c20240101__20241231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--ProductOrServiceAxis__us-gaap--ProductMember_pd" title="Percent of products sold to top five customers">66.05%</span> of its products to its top five customers. As of December 31, 2024, amounts due from these customers were $<span id="xdx_902_ecustom--AmountsDueFromMajorCustomers_c20241231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--ProductOrServiceAxis__us-gaap--ProductMember_pp0p" title="Amounts due from major customers">594</span>,234.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> 0.676 2347943 0.6605 594 <p id="xdx_80C_ecustom--MajorSuppliersDisclosureTextblock_zZeH6jy1Uo54" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 23 – <span id="xdx_828_zz1pJDg8TXu2">MAJOR SUPPLIERS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_910_eus-gaap--ProductConcentrationRiskMember_zt5TrXZ0BmRi" style="display: none">Product Concentration</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_918_eus-gaap--CostOfGoodsProductLineMember_zN7zJDdoAwdf" style="display: none">Cost of Goods</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">During the year ended December 31, 2025, the Company purchased <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_c20250101__20251231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--CostOfGoodsProductLineMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--ProductConcentrationRiskMember_pd" title="Percent of materials purchased">100%</span> of its raw materials from its top four suppliers. As of December 31, 2025, amounts due to those suppliers were $<span id="xdx_909_ecustom--AmountDueToMajorSuppliers_c20251231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--ConcentrationOfProductsBoughtMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--ProductConcentrationRiskMember_pp0p" title="Amount due to major suppliers">146,148</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">During the year ended December 31, 2024, the Company purchased <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_c20240101__20241231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--CostOfGoodsProductLineMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--ProductConcentrationRiskMember_pd">100%</span> of its raw materials from its top four suppliers. As of December 31, 2024, amounts due to those suppliers were $<span id="xdx_908_ecustom--AmountDueToMajorSuppliers_c20241231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--ConcentrationOfProductsBoughtMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--ProductConcentrationRiskMember_pp0p">30,003</span>.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 16.35pt; text-align: justify"></p> 1 146148 1 30003 <p id="xdx_803_eus-gaap--LossContingencyDisclosures_zIiQmIXOgrQ3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 24 – <span id="xdx_826_zK4L4OsKrOCj">LOSS CONTINGENCIES</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_901_eus-gaap--LossContingencySettlementAgreementTerms_c20180801__20180831__us-gaap--LitigationStatusAxis__us-gaap--SettledLitigationMember_zGY5SVFLw1q1" title="Settlement agreement">On or about August 3, 2018, written decisions of administration penalty captioned Shou Guo Tu Zi Fa Gao Zi [2018] No. 291, Shou Guo Tu Zi Fa Gao Zi [2018] No. 292, Shou Guo Tu Zi Fa Gao Zi [2018] No. 293, Shou Guo Tu Zi Fa Gao Zi [2018] No. 294, Shou Guo Tu Zi Fa Gao Zi [2018] No. 295 and Shou Guo Tu Zi Fa Gao Zi [2018] No. 296 (together, the “Written Decisions”) were served on Shouguang City Haoyuan Chemical Company Limited (“SCHC”) by Shouguang City Natural Resources and Planning Bureau (the “Bureau”), naming SCHC as respondent respectively thereof. The Decisions challenged the land use of Factory nos. 2, 9, 7, 4, 8 and 10, respectively, and alleged, among other things, that SCHC had illegally occupied and used the land in the total area of approximately 52,674 square meter, on which Factory nos. 2, 9, 7, 4, 8 and 10 were built, respectively. The Written Decisions ordered SCHC, among other things, to return the land subject to the Written Decisions to its respective legal owner, restore the land to its original state, and demolish or confiscate all the buildings and facilities thereon and pay monetary penalty of approximately RMB 1.3 million ($184,000) in the aggregate. Each of the Written Decisions shall be executed within 15 days upon serving on SCHC. Additional interest penalty shall be imposed at a daily rate of 3% in the event that SCHC does not make the monetary penalty payment in a timely manner. Subsequently, the Bureau filed enforcement actions to the People’s Court of Shouguang City, Shandong Province (the “Court”), naming SCHC as enforcement respondent and alleged, among other things, that SCHC failed to perform its obligations under each of the Written Decisions within the specified timeframe. The enforcement proceedings sought court orders to enforce the Written Decisions. On May 5, 2019, written decisions of administrative ruling captioned (2019) Lu 0783 Xing Shen No. 384, (2019) Lu 0783 Xing Shen No. 385, (2019) Lu 0783 Xing Shen No. 389, (2019) Lu 0783 Xing Shen No. 390, (2019) Lu 0783 Xing Shen No. 393, and (2019) Lu 0783 Xing Shen No. 394, respectively (together, the “Court Rulings”) were made by the Court in favor of the Bureau. The Court orders, among other relief, to enforce each of the Written Decisions, to return each subject land to its legal owners and demolish or confiscate the buildings and facilities thereon and restore the land to its original state within 10 days from the service of the Court Rulings on SCHC. The Court Rulings became enforceable immediately upon service on SCHC on May 5, 2019.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In the last twenty years, to the Company’s knowledge, there were no government regulations requiring bromine manufacturers to obtain land use and planning approval document. As such, the Company believes most of the bromine manufacturers in Shouguang City do not have land use and planning approval documents and lease their land parcels from the village associations. They are facing the same issues in connection with land use and planning as the Company. To the Company’s knowledge, the local government has submitted its plan to solve the issues to higher authority and are waiting for approval from the higher authority.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company is in the process of resolving the issues in connection with SCHC’s land use and planning diligently. The Company has been in discussions closely with the local government authorities with the help from Shouguang City Bromine Association to seek reliefs and, based on verbal confirmation by local government authorities, believes the administrative penalties imposed by the Bureau according to the Written Decisions are being re-assessed by local government authorities and may be revoked. Pursuant to a Written Application dated October 28, 2019 addressed to the Court by the Bureau, the Bureau withdrew its application for the enforcement proceedings regarding the administrative penalty imposed on Factory No. 7, Factory No. 8 and Factory No.10. Pursuant to a written decisions of administrative ruling captioned (2019) Lu 0783 Xing Shen No. 389 Zhi Yi, dated November 25, 2020, the Court orders to terminate the enforcement of the case captioned (2019) Lu 0783 Xing Shen No. 389. Production of Factory No. 7 was allowed to resume in April 2019. The Company received a notification from the Shouguang City Government in February 2019 informing the Company that Factory No. 1, No.4, No. 7 and No. 9 have passed inspection and were approved to resume operation</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In addition, on August 28, 2019, the People’s Government of Shandong Province, issued a regulation titled “Investment Project Management Requirements of Chemical Companies in Shandong Province” permitting the construction of facilities on existing sites or infrastructure of bromine manufacturing and other chemical industry-related types of projects (clause 11 of section 3). The Company believes that the goal of the government is to standardize and regulate the industry and not to demolish the facilities or penalize the manufacturers. As of the date of this report, the Company has not been notified by the local government that it will take any measure to enforce the administrative penalties. Based on information known to date, the Company believes that it is remote that the Written Decisions or Court Rulings will be enforced within the expected timeframe and a material penalty or costs and expenses against the Company will result. However, there can be no assurance that there will not be any further enforcement action, the occurrence of which may result in further liabilities, penalties and operational disruption.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In view of the above facts and circumstances, the Company believes that it is not necessary to accrue for any estimated losses or impairment as of December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> On or about August 3, 2018, written decisions of administration penalty captioned Shou Guo Tu Zi Fa Gao Zi [2018] No. 291, Shou Guo Tu Zi Fa Gao Zi [2018] No. 292, Shou Guo Tu Zi Fa Gao Zi [2018] No. 293, Shou Guo Tu Zi Fa Gao Zi [2018] No. 294, Shou Guo Tu Zi Fa Gao Zi [2018] No. 295 and Shou Guo Tu Zi Fa Gao Zi [2018] No. 296 (together, the “Written Decisions”) were served on Shouguang City Haoyuan Chemical Company Limited (“SCHC”) by Shouguang City Natural Resources and Planning Bureau (the “Bureau”), naming SCHC as respondent respectively thereof. The Decisions challenged the land use of Factory nos. 2, 9, 7, 4, 8 and 10, respectively, and alleged, among other things, that SCHC had illegally occupied and used the land in the total area of approximately 52,674 square meter, on which Factory nos. 2, 9, 7, 4, 8 and 10 were built, respectively. The Written Decisions ordered SCHC, among other things, to return the land subject to the Written Decisions to its respective legal owner, restore the land to its original state, and demolish or confiscate all the buildings and facilities thereon and pay monetary penalty of approximately RMB 1.3 million ($184,000) in the aggregate. Each of the Written Decisions shall be executed within 15 days upon serving on SCHC. Additional interest penalty shall be imposed at a daily rate of 3% in the event that SCHC does not make the monetary penalty payment in a timely manner. Subsequently, the Bureau filed enforcement actions to the People’s Court of Shouguang City, Shandong Province (the “Court”), naming SCHC as enforcement respondent and alleged, among other things, that SCHC failed to perform its obligations under each of the Written Decisions within the specified timeframe. The enforcement proceedings sought court orders to enforce the Written Decisions. On May 5, 2019, written decisions of administrative ruling captioned (2019) Lu 0783 Xing Shen No. 384, (2019) Lu 0783 Xing Shen No. 385, (2019) Lu 0783 Xing Shen No. 389, (2019) Lu 0783 Xing Shen No. 390, (2019) Lu 0783 Xing Shen No. 393, and (2019) Lu 0783 Xing Shen No. 394, respectively (together, the “Court Rulings”) were made by the Court in favor of the Bureau. The Court orders, among other relief, to enforce each of the Written Decisions, to return each subject land to its legal owners and demolish or confiscate the buildings and facilities thereon and restore the land to its original state within 10 days from the service of the Court Rulings on SCHC. The Court Rulings became enforceable immediately upon service on SCHC on May 5, 2019. <p id="xdx_801_eus-gaap--SubsequentEventsTextBlock_zGn4p7xsOKW6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">NOTE 25 - <span id="xdx_82B_zT5DgrSDD1ka">SUBSEQUENT EVENT</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span id="xdx_918_esrt--ParentCompanyMember_z3yf7rS6Uzl8" style="display: none">Parent company</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Pursuant to the notification from the government of Shouguang City, all bromine facilities in Shouguang City were temporarily closed from December 26, 2025 until February 24, 2026. In compliance with the notification, the Company ceased production at its bromine facilities during this period and resumed preparation operations at the bromine and crude salt factories as scheduled in February 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On January 9, 2026, the Company filed a registration statement on Form S-8 (the “Registration Statement”) is filed by the Registrant for the purpose of registering (i) 103,378 common stocks of the Company, par value 0.0005 per share (the “Common Stocks”) issued under the Company’s 2019 Stock Incentive Plan (the “2019 Plan”), after giving effect of the 10-to-1 reserve stock split as previously announced on Form 8-K filed with SEC on October 22, 2025 and (ii) 200,000 Common Stocks issuable pursuant to the Company’s 2025 Stock incentive plan (the “2025 Plan”). Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers an indeterminate number of additional shares which may be offered and issued to prevent dilution from share splits, share dividends or similar transactions as provided in the Plan. Any common stocks covered by an award granted under the Plan (or portion of an award) that terminates, expires, lapses or repurchased for any reason will be deemed not to have been issued for purposes of determining the maximum aggregate number of common stocks that may be issued under the Plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On January 26, 2026, March 5, 2026, March 19, 2026 and March 28, 2026, respectively, the Company entered into equity financing agreements (individually the “Private Placement Agreement”; collectively the “Private Placement Agreements”), with four individual investors (individually the “Private Placement Purchaser”; collectively “Private Placement Purchasers”), pursuant to which the Company agreed to issue new shares of common stock to such investors that in aggregate accounted for approximately 18% of the total shares issued and outstanding of the Company as of December 31, 2025. The purchase price per share under the Private Placement Agreement dated January 26, 2026, was set at 90% of the average closing price of the Company’s common stock for the five trading days prior to the date of such agreement, while the purchase prices under the Private Placement Agreements executed in March 2026 were set at 85% of, or 15% off, the closing price of the Company’s common stock on the trading day immediately preceding the respective agreement dates, as quoted on the Nasdaq Stock Market.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">On June 25, 2026, Company received a written notice from Nasdaq (the “Extension Letter”) stating that it had accepted the Company’s plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). Nasdaq granted the Company a plan period to regain compliance with the Rule. Unless otherwise defined herein, capitalized terms used in this current report on Form 8-K have the meanings given to them in the Previous Announcements (as defined below). (I) As previously reported in the current report on Forms 8-K (the “Previous Announcements”) filed on April 27, 2026 and May 29, 2026 with the Securities Exchange Commission by the Company, the Company announced that it received delinquency notifications from Nasdaq on April 23, 2026 and May 26, 2026 (the “Deficiency Letters”), due to the Company’s non-compliance with the Rule as a result of the Company’s failure to timely file its annual report on Form 10-K (the “Form 10-K”) for the period ended December 31, 2025 and its quarterly report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q” and together with the “Form 10-K”, the “Delinquent Reports”), respectively. As of the date of this Form 8-K, the Company remains delinquent in filing its Delinquent Reports. (II) The Company submitted a plan to the Nasdaq Listing Qualification (the “Staff”) to regain compliance (the “Compliance Plan”) with the Nasdaq Requirements on June 17, 2026. Under the Extension Letter, the Company is required to file its delinquent Form 10-K and Form 10-Q by the applicable extended deadline to evidence compliance with the relevant Nasdaq requirements.The Extension Letter further provides that if the Company fails to evidence compliance upon filing the Delinquent Reports, Staff will notify the Company that its securities will be subject to delisting. (III)The previously received Deficiency Letters and the Extension Letter have no immediate effect on the listing or trading of the Company’s common stock on Nasdaq, subject to the Company’s continued compliance with the other applicable listing requirements. (IV)The Company is committed to taking the actions set forth in the plan and intends to use all reasonable efforts to regain compliance with the initiatives and conditions set forth in the Compliance Plan within the plan period. However, there is no assurance that the Company will be successful in regaining compliance with the Nasdaq Requirements within the planned period. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify"> </p> <p id="xdx_808_ecustom--RestatementTextBlock_zVdCYUpCI5kf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOTE 26 –<span id="xdx_82C_zzxlevY8WaB">RESTATEMENT</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_91C_esrt--ScenarioPreviouslyReportedMember_zYFRZIlCtpi9" style="display: none">As Previously Reported</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_916_esrt--RestatementAdjustmentMember_z21DTo1Dnsuh" style="display: none">Restatement</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">The Company restates its previously released audited consolidated financial statements for the year ending 2024, and incorporate them into the 2024 Annual Report "10-K Form Report" (the "Restatement"). This restatement is due to the discovery of errors related to the reclassification of buildings without property ownership certificates in fixed assets. The impacts for the periods prior to 2024 have been accumulated and presented as an initial balance adjustment item for the retained earnings as of December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0; text-align: justify">As the Company does not have property ownership certificates, the acquisition of the 20-year usage rights for this land, buildings, and salt pan conforms to the definition of a lease as stated in ASC 842. The Company revised the financial statements and accounted for these usage rights as leases in accordance with the provisions of ASC 842.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_894_ecustom--ScheduleOfBalanceSheetTableTextBlock_z7uR9IexCF2b" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The effects of the restatement on the consolidated balance sheet as of December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B9_zntVauulLsje" style="display: none">Restatement - Schedule of Condensed Balance Sheet</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zrmWqGXqDWSf" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zfabv0E4Ac8a" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20241231_z59qb21ZgYV2" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--AssetsCurrentAbstract_iB_zL6K46zkPcQ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--Cash_i01I_z5LxteglcNge" style="vertical-align: bottom; background-color: White"> <td style="width: 49%">Cash</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">10,075,162</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1763">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">10,075,162</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AccountsReceivableNetCurrent_i01I_zphyiitzNct5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accounts receivable, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">564,523</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1767">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">564,523</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--InventoryNet_i01I_zuIkfbigi8qc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventories, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">315,371</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1771">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">315,371</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_i01I_zqxD5WjiqPVa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Prepayments and deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,376,656</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1775">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,376,656</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AmountDueFromRelatedParties_i01I_zloWDd1DLQD4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amount due from related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1779">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,040</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AccountsAndOtherReceivablesNetCurrent_iI_zj5RlXC9PXWh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other receivables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,074</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1783">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AssetsCurrent_i01I_zwBpnDk3Cs63" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,450,826</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1787">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,450,826</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AssetsNoncurrentAbstract_iB_zlgERxyZ8S83" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-Current Assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentNet_iI_ze5zP6AkjESe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Property, plant and equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">136,143,177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(46,712,127</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">89,431,050</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--FinanceLeaseRightOfUseAsset_iI_znBnifRMaeI" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">76,868</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,078,420</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,155,288</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zFGyixrMWQEc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating lease right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,169,855</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1803">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,169,855</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--PrepaidExpenseOtherNoncurrent_iI_zJXzErePrWce" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Prepaid land leases, net of current portion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,615,269</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1807">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,615,269</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredTaxAssetsNet_i01I_zSnRqjV79OVf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax assets, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1810">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1811">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1812">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsNoncurrent_i01I_zyj4qTJ9m6V3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">152,005,169</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,633,707</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">150,371,462</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--Assets_i01I_z5fiOJfMTIal" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">169,455,995</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,633,707</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">167,822,288</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zS5FKkFNQkQa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Liabilities and Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LiabilitiesCurrentAbstract_i01B_zNB4P2w4wze3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iI_zh0aafj51PZ7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts payable and accrued expenses</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">14,323,458</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,878,181</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">6,445,277</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--TaxesPayableCurrent_iI_zqOOw8UcXhee" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes payable-current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">113,999</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1835">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">113,999</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AmountDueToRelatedParty_iI_zwgEnhEV3id4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amount due to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,584,808</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1839">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,584,808</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--FinanceLeaseLiabilityCurrent_iI_zIwOl7WueFsa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease liability, current portion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">217,743</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,124,550</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,342,293</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiabilityCurrent_iI_zbDYdvCq8NF7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease liabilities, current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">491,850</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1847">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">491,850</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LiabilitiesCurrent_i02I_zDeeNw9Zbduk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,731,858</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(4,753,631</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,978,227</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesNoncurrentAbstract_iB_zkP2PrCEtN8j" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-Current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--FinanceLeaseLiabilityNoncurrent_iI_z0lOzG9vXm6j" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease liability, net of current portion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,075,865</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,014,019</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,089,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_zqQbkubzA5K6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease liabilities, net of current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,941,602</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1863">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,941,602</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LiabilitiesNoncurrent_iI_zGPanHijncB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">8,017,467</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,014,019</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,031,486</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--Liabilities_i02I_zxSMGVlyYrxc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,749,325</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(739,612</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,009,713</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--CommitmentsAndContingencies_iI_zfSGYRcrO6tg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Commitment and Contingencies</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1874">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1875">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1876">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--StockholdersEquityAbstract_iB_zWYGe0uJcT8e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PreferredStockValue_i02I_zfsOrbFJP7pb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1882">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1883">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1884">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CommonStockValue_i02I_zOu3QbZX9Vo8" style="vertical-align: bottom; background-color: White"> <td>COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 1,120,145 shares issued; and 1,091,562 shares outstanding as of December 31, 2024, and 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,063</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">560</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--TreasuryStockValue_iNI_di_za1FItzPgXlc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Treasury stock; 28,583 shares as of December 31, 2024 at cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1891">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--AdditionalPaidInCapital_i02I_zEQWjSIILz6l" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional paid-in capital</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,688,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,063</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,712,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherAdditionalCapital_i02I_z6ULF4KeoI0f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share to be issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1899">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--RetainedEarningsUnappropriated_i02I_zMBMJbKb90vc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Retained earnings unappropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,358,804</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(d)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,393,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RetainedEarningsAppropriated_i02I_zn11DXaJrA8a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Retained earnings appropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1907">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_i02I_zaB6aufHGmUi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accumulated other comprehensive loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,854,143</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(e)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,783,318</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--StockholdersEquity_iI_pp0d_zB10FB6htKPb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Stockholders’ Equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">143,706,670</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,095</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,812,575</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LiabilitiesAndStockholdersEquity_iI_pp0d_zmLRbiZBzbz9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Liabilities and Stockholders’ Equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">169,455,995</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,633,707</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">167,822,288</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The following descriptions of the restatement adjustments to the balance sheet excludes a description of adjustments previously identified and concluded as immaterial that were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) The change in common stock and additional paid-in capital is due to the company's 1-for-10 reverse stock split on October 27, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b) As of December 31, 2024, in the fixed assets, the original value of the buildings subject to reclassification amounted to $68,476,868, The Company reclassified them based on their acquisition methods. The self-built portion was reclassified as "leasehold improvements" in the property, plant and equipment, with an original value of $3,507,367. The leased portion was reclassified as finance lease right-of use assets, with an original value of $64,189,590, accumulated amortization of $19,111,170, and a net value of $45,078,420.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif">(c) </span>The amount of $7,878,181 in accounts payable and accrued expenses was reclassified as finance lease liability relating to the salt pans. The finance lease liabilities including the current portion of $3,124,550 and the non-current portion of $4,014,019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(d) Regarding the decrease in retained earnings unappropriated, the main reason was that general and administrative expenses increased by $964,920. The increase in general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(e) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> <p id="xdx_8A9_zOfCqvkDmQY3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_895_eus-gaap--ScheduleOfComprehensiveIncomeLossTableTextBlock_zujKOrL75WX7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16pt 0pt 0">The effects of the restatement on the consolidated statement of operations income (loss) for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16pt 0pt 0"><span id="xdx_8BB_zcey8q3gnDDl" style="display: none">Restatement - Schedule of statement of operations income (loss)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zZb2yPKTFuBl" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zPCQeCxAwHEe" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240101__20241231_zqDkDzxDUuic" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Restatement</b></p></td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Note</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>As Restated</b></p></td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--Revenues_zUyX3AtIEaJj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">NET REVENUE</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1925">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpensesAbstract_iB_zZmQ9EbWwDj3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">OPERATING COSTS AND EXPENSE</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--RevenueExpense_iN_di_zKrXLQFKGyOh" style="vertical-align: bottom; background-color: White"> <td>Cost of revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,746,741</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1933">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,746,741</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--SellingAndMarketingExpense_iN_di_zUY6lp27mqZk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Sales and marketing expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(46,264</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1937">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(46,264</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--DirectLaborAndFactoryOverheadsIncurredDuringPlanShutdown_iN_di_zL6V7Ao3wNaf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Direct labor and factory overheads incurred during plant shutdown</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,880,643</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1941">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,880,643</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--GeneralAndAdministrativeExpense_iN_di_zsJEoRK3MjC9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">General and administrative expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,271,011</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(964,920</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(a)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,235,931</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--OperatingExpenses_iN_di_z99x9WduqdW3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">TOTAL OPERATING COSTS AND EXPENSE</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,944,659</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,909,579</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingIncomeLoss_zqplPbegSkV5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">LOSS FROM OPERATIONS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(21,283,649</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,248,569</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_ztxrw5ewSNyl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">OTHER INCOME (EXPENSE)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--InterestExpense_i01N_di_zJaPQqNbD5u9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(91,901</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1961">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(91,901</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InvestmentIncomeInterest_zjaHEWpCodxb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,258</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1965">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,258</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OtherNonoperatingIncomeExpense_zJHC8mU6jju2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other expenses, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(50,470</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1969">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(50,470</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainLossOnDispositionOfAssets1_z5yElcBDzafl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss on disposal of property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,169,008</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1973">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,169,008</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_iN_di_zKXrkBFB8vZk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Impairment of property, plant and equipment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,772,500</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1977">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,772,500</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_i01_zNMSckFmeQfl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">LOSS BEFORE INCOME TAXES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(57,287,270</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(58,252,190</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zMe47hLn1Zq8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">INCOME TAX EXPENSE</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,648,182</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1985">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,648,182</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_i01_zrafKLRhza4i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(58,935,452</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(964,920</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,900,372</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--ComprehensiveIncomeNetOfTaxAbstract_iB_zM4DU8xtxla4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">COMPREHENSIVE LOSS:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--NetIncomeLoss_i01_zH8FA2ifCqCc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">NET LOSS</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_iB_zN0HHNeUhOD1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">OTHER COMPREHENSIVE (LOSS) INCOME</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_zenZV89HSKwg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">- Foreign currency translation adjustments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,800,874</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(b)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,730,049</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--ComprehensiveIncomeNetOfTax_z9RVndX7cO02" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">TOTAL COMPREHENSIVE LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(61,736,326</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(894,095</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(62,630,421</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">BASIC AND DILUTED LOSS PER SHARE</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_908_eus-gaap--EarningsPerShareBasic_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zKh4RrMQpT0k" title="BASIC LOSS PER SHARE"><span id="xdx_902_eus-gaap--EarningsPerShareDiluted_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z2T9M5oRdqAg" title="DILUTED LOSS PER SHARE">(5.49</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--EarningsPerShareBasic_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zZYEBykNN0u9" title="BASIC LOSS PER SHARE"><span id="xdx_90D_eus-gaap--EarningsPerShareDiluted_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zsLXj1zgPL0a" title="DILUTED LOSS PER SHARE">(49.39</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_907_eus-gaap--EarningsPerShareBasic_c20240101__20241231_zK2bxxpXFrPd" title="BASIC LOSS PER SHARE"><span id="xdx_90C_eus-gaap--EarningsPerShareDiluted_c20240101__20241231_zw3uVH7PwAvc" title="DILUTED LOSS PER SHARE">(54.88</span></span></td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WeightedAverageNumberOfSharesIssuedBasic_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z4GyyLpo6LFd" title="BASIC WEIGHTED AVERAGE NUMBER OF SHARES"><span id="xdx_906_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zl8LvPux1epa" title="DILUTED WEIGHTED AVERAGE NUMBER OF SHARES">10,726,924</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--WeightedAverageNumberOfSharesIssuedBasic_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zfX3yT4P4yZc"><span id="xdx_900_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_z2BJK2n56oG">(9,635,362</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WeightedAverageNumberOfSharesIssuedBasic_c20240101__20241231_zZE1Q2b0aLkl"><span id="xdx_900_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20240101__20241231_zapc9MXWbqSg">1,091,562</span></span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The following descriptions of the restatement adjustments to the statement of operations exclude a description of adjustments previously identified and concluded as immaterial they were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.1pt 0pt 0">(a) The increase of $964,920 in general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 36.45pt 0pt 0">(b) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) The change in basic and diluted loss per share is due to the company's 1-for-10 reverse stock split on October 27, 2025.</p> <p id="xdx_8A0_zbupoFxZiYGb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p id="xdx_891_eus-gaap--ScheduleOfStockholdersEquityTableTextBlock_zIPCw54MBRP4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The effects of the restatement on the consolidated statement of stockholders' deficit for the year ended December 31, 2024 are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BD_zvS2GED42J9i" style="display: none">Restatement - Schedule of consolidated statement of stockholders’ deficit</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt"> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BA_us-gaap--StatementEquityComponentsAxis_us-gaap--CommonStockMember_zd1VsSQ2V9Fh" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BC_us-gaap--StatementEquityComponentsAxis_us-gaap--TreasuryStockCommonMember_zf08tY1FW5Gj" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B3_us-gaap--StatementEquityComponentsAxis_custom--ShareToBeIssuedMember_zYGFnladdu1j" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B0_us-gaap--StatementEquityComponentsAxis_us-gaap--AdditionalPaidInCapitalMember_zYP385vTTnX2" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B2_us-gaap--StatementEquityComponentsAxis_us-gaap--RetainedEarningsUnappropriatedMember_zSdMRfDcI0zd" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BE_us-gaap--StatementEquityComponentsAxis_custom--AppropriatedRetainedEarningsMember_zSRjpD9s0lh8" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BC_us-gaap--StatementEquityComponentsAxis_us-gaap--AccumulatedOtherComprehensiveIncomeMember_zuM5KAFRer1" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B4_zNbkwZgeuzO3" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="17" style="border-bottom: Black 1pt solid; text-align: center">Common stock</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Accumulated</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Number</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Number</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Number</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Additional</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Retained</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Retained</td><td> </td><td> </td> <td colspan="2" style="text-align: center">other</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: center">Restatement</td><td> </td> <td colspan="2" style="text-align: center">of shares</td><td> </td><td> </td> <td colspan="2" style="text-align: center">of shares</td><td> </td><td> </td> <td colspan="2" style="text-align: center">of treasury</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Treasury</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Share to be</td><td> </td><td> </td> <td colspan="2" style="text-align: center">paid-in</td><td> </td><td> </td> <td colspan="2" style="text-align: center">earnings</td><td> </td><td> </td> <td colspan="2" style="text-align: center">earnings</td><td> </td><td> </td> <td colspan="2" style="text-align: center">comprehensive</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Reference</td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">issued</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Outstanding</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">stock</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Amount</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">stock</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">issued</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">capital</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">unappropriated</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">appropriated</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Income(loss)</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">YEAR ENDED DECEMBER 31, 2024 <br/> (As Previously Reported)</td><td> </td> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr id="xdx_438_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_eus-gaap--StockholdersEquity_iS_zYxf8FOloRk6" style="vertical-align: bottom; background-color: White"> <td style="width: 18%; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT JANUARY 1, 2024</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="width: 4%; padding-bottom: 2.5pt"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--SharesIssued_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zZqAt4YY6t1e" style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">11,012,754</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zIfljOSPSkq1" style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">10,726,924</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zozO3NniKGpk" style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">285,830</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">24,623</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">(1,372,673</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2037">—</span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">101,688,262</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">96,294,256</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">26,667,097</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">(18,053,269</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">205,248,296</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_hsrt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zAkr7Ft42o87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Restricted shares to be issued for service</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2047">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2048">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2050">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2051">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2052">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2053">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_hsrt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zvNMERRFRpj3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Currency translation adjustment</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2056">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2057">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2058">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2059">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2060">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2061">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,800,874</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,800,874</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLoss_hsrt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zYsB8d3Cvv48" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">Net loss for year ended December 31, 2024</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2065">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2066">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2067">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2068">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2070">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2071">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td></tr> <tr id="xdx_433_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_eus-gaap--StockholdersEquity_iE_zq5p7pUx81vl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT DECEMBER 31, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zPPapbVDk2A3" style="border-bottom: Black 2.5pt double; text-align: right">11,012,754</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_987_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zvT6YcurU201" style="border-bottom: Black 2.5pt double; text-align: right">10,726,924</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zthD72O15Vlk" style="border-bottom: Black 2.5pt double; text-align: right">285,830</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24,623</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,372,673</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">194,700</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">101,688,262</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">37,358,804</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">26,667,097</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(20,854,143</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">143,706,670</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">YEAR ENDED DECEMBER 31, 2024 <br/> (Restatement Impact)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_eus-gaap--StockholdersEquity_iS_z8lvTA6fYRNi" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT JANUARY 1, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">(a)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z46Xb4xbp259" style="border-bottom: Black 2.5pt double; text-align: right">(9,892,609</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zWGj5AYTUJ63" style="border-bottom: Black 2.5pt double; text-align: right">(9,635,362</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zd27QSbLxQh3" style="border-bottom: Black 2.5pt double; text-align: right">(257,247</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(24,063</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2087">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2088">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24,063</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2090">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2091">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2092">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2093">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_hsrt--RestatementAxis__srt--RestatementAdjustmentMember_zL36Q1PVmr5e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Restricted shares to be issued for service</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_hsrt--RestatementAxis__srt--RestatementAdjustmentMember_z46UwSnoin5f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Currency translation adjustment</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2107">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2108">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2109">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2110">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2112">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">70,825</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">70,825</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetIncomeLoss_hsrt--RestatementAxis__srt--RestatementAdjustmentMember_zou3eKxGExyk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">Net loss for year ended December 31, 2024</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2116">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2117">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2118">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2119">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2121">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2122">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_eus-gaap--StockholdersEquity_iE_zL4Wjdx1PcId" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT DECEMBER 31, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">(a)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zPR0Zi1jH822" style="border-bottom: Black 2.5pt double; text-align: right">(9,892,609</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zFXuK294YqR7" style="border-bottom: Black 2.5pt double; text-align: right">(9,635,362</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_982_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z3TPjxrI0757" style="border-bottom: Black 2.5pt double; text-align: right">(257,247</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(24,063</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2126">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2127">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24,063</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(964,920</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2130">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">70,825</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(894,095</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">YEAR ENDED DECEMBER 31, 2024 <br/> (As Restated)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20230101__20231231_eus-gaap--StockholdersEquity_iS_zUVOiXseWxq4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT JANUARY 1, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--SharesIssued_iS_c20230101__20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zXIUSwVpLQ7a" style="border-bottom: Black 2.5pt double; text-align: right">1,120,145</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_986_eus-gaap--SharesOutstanding_iS_c20230101__20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zvwDkaFUYCQ5" style="border-bottom: Black 2.5pt double; text-align: right">1,091,562</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--SharesOutstanding_iS_c20230101__20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember_zghw8E22w4sd" style="border-bottom: Black 2.5pt double; text-align: right">28,583</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">560</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,372,673</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2139">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">101,712,325</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">96,294,256</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">26,667,097</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(18,053,269</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">205,248,296</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_zs9YV2SC9Ah1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Restricted shares to be issued for service</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2149">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2150">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2152">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2153">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2154">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2155">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_zrRuTL8oDiV3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Currency translation adjustment</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2158">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2159">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2160">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2161">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2162">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2163">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,730,049</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,730,049</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--NetIncomeLoss_zPwJeBFsHmC6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">Net loss for year ended December 31, 2024</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2167">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2168">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2169">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2170">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2172">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2173">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_436_c20240101__20241231_eus-gaap--StockholdersEquity_iE_zOCJVpflWn6e" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT DECEMBER 31, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_982_eus-gaap--SharesIssued_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_ziasyhZzlWY5" style="border-bottom: Black 2.5pt double; text-align: right">1,120,145</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zEnHg9MJdWnc" style="border-bottom: Black 2.5pt double; text-align: right">1,091,562</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember_zygCbXrXtqrk" style="border-bottom: Black 2.5pt double; text-align: right">28,583</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">560</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,372,673</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">194,700</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">101,712,325</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">36,393,884</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">26,667,097</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(20,783,318</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">142,812,575</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The following descriptions of the restatement adjustments to the consolidated statement of stockholders' deficit excludes a description of adjustments previously identified and concluded as immaterial the were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 40.45pt 0pt 0">(a) The change in common stock and additional paid-in capital is due to the company's 1-for-10 reverse stock split on October 27, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(b) Regarding the decrease in retained earnings unappropriated, the main reason was that general and administrative expenses increased by $964,920. The increase of general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(c) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> <p id="xdx_8A5_z1SVbqvx110c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_89E_ecustom--ScheduleOfCashFlowStatementTableTextBlock_zJgdoCIyBRl2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The effects of the restatement on the consolidated statement of cash flows for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B3_zSwOyOBkTed3" style="display: none">Restatement - Schedule of  consolidated statement of cash flows</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zqMMmcyqTej" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zA56wszn2Ed7" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20240101__20241231_zukOFOougkhe" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11.55pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11.55pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zyxe6GkPJvel" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--NetIncomeLoss_i01_zLonjOCu6Om9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net loss</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_iB_zEUFgM97yFBh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Adjustments to reconcile net income to net cash provided by (used in) operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AmortizationOnCapitalLease_z58DP1LPuSAe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amortization on capital lease</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">91,901</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,124</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,025</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--DepreciationDepletionAndAmortization_zLIb4X5nnnW1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,007,875</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,188,048</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,819,827</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredIncomeTaxesAndTaxCredits_zb17OPyvZPih" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deferred tax asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,632,978</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2211">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,632,978</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShareBasedCompensation_z2Tn1wntz9sg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock-based compensation expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2215">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--WriteOffOfDeferredDebtIssuanceCost_z4k8rHRvsr87" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Bad debt expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,669,002</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2219">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,669,002</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--ProductionRelatedImpairmentsOrCharges_z7rQRRFhZSd9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Impairment of inventory</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">989,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2223">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">989,035</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--NonoperatingGainsLosses_iN_pp0p0_di_zq7Vwapi6gfi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment of property plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,772,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2227">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,772,500</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--AmortizationOfOperatingLeaseRightofuseAsset_zKzJOLs1KuQe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amortization of operating lease right-of-use asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">877,809</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2231">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">877,809</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseRightOfUseAssetAmortization_z52X4mWgEgL9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amortization of finance lease right-of-use asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2234">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,045,602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,045,602</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--GainLossOnDispositionOfAssets1_iN_di_zFXBer3vZVQ9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on disposal of property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,169,008</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2239">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,169,008</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_iB_zChnXDiQu1Zj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Changes in assets and liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncreaseDecreaseInAccountsReceivable_iN_di_zlFe6aLyLdX8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,264,140</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2247">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,264,140</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IncreaseDecreaseInInventories_iN_di_zDS4ZM2BVH85" style="vertical-align: bottom; background-color: White"> <td>Inventories</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(733,302</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2251">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(733,302</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_iN_di_z8HAfr8OlwMi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Prepayment and deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">248,817</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2255">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">248,817</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncreaseDecreaseInCustomerAdvances_zBAr5Mfbiyoh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Advance from customers</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42,471</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2259">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42,471</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncreaseDecreaseInOtherReceivables_iN_di_zdp2rmaqBbea" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(87,515</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2263">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(87,515</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_zChmChWQuoPe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts and Other payable and accrued expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,191,652</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2267">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,191,652</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--IncreaseDecreaseInAccruedTaxesPayable_z8xJNeqjF3Yc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(357,954</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2271">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(357,954</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--IncreaseDecreaseInOperatingLeaseLiability_zxi5ERfy0lF6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,351</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2275">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,351</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--NetCashProvidedByUsedInOperatingActivities_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash provided by operating activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">675,068</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">758</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">675,826</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--NetCashProvidedByUsedInInvestingActivitiesAbstract_iB_z7V18KrykHT2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">CASH FLOWS FROM INVESTING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_iN_di_zYeRdnCJng4k" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Purchase of property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,526,213</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,602,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,923,642</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--PaymentsToFundLongtermLoansToRelatedParties_iN_di_zDSwPQ9DMeRc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Interest-free loan lent to related parties</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(25,275</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2291">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(25,275</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--NetCashProvidedByUsedInInvestingActivities_zAkuKm6646y7" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash used in investing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(60,551,488</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">31,602,571</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(c)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,948,917</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_iB_z6TtyYW4lOmh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--FinanceLeasePrincipalPayments_iN_di_zTrrQz5YCMug" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Repayment of finance leases obligation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(264,094</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(31,602,571</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(31,866,665</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--ProceedsFromRepaymentsOfRelatedPartyDebt_zTdhzuZdPa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Proceeds from interest-free loan from a related party</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,854</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2307">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,854</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zDi4LBImHT76" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash used in financing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(249,240</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31,602,571</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(c)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31,851,811</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_zIcKC8a9Pkr4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,023,072</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(758</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(d)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,023,830</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_z5ANgrPIsgR6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">NET DECREASE IN CASH AND CASH EQUIVALENTS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62,148,732</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2319">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62,148,732</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01S_zPvpRTyQ6WDf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">72,223,894</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2323">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">72,223,894</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01E_zl6vuE1BOJv3" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">CASH AND CASH EQUIVALENTS - END OF YEAR</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">10,075,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2327">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">10,075,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">As Previously</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--SupplementalCashFlowInformationAbstract_iB_zaWu6Gk9yTug" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--IncomeTaxesPaidNetAbstract_iB_zIcXIukqp6Ld" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Cash paid during the year for:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeTaxesPaid_zTbD8P12K6Xe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Paid for taxes</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,520,292</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2339">—</span></td><td style="text-align: left"> </td><td> </td> <td> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,520,292</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--InterestPaidNet_zPilgkoqrdW" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest on finance lease obligation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">91,901</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,124</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">200,025</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The following descriptions of the restatement adjustments to the statement of cash flows excludes a description of adjustments previously identified and concluded as immaterial that were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.15pt 0pt 0">(a) This restatement is due to the reclassification of buildings without property ownership certificates in fixed assets. The Company reclassified them based on their acquisition methods. The self-built portion was reclassified as "leasehold improvements" in the property, plant and equipment. The leased portion was reclassified as finance lease right-of-use assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.45pt 0pt 0">(b) Regarding the increase in net loss, the main reason was that general and administrative expenses increased by $964,920. The increase in general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 44.4pt 0pt 0">(c) Fixed assets without property ownership certificates have been reclassified as finance lease right-of use assets, resulting in an amount of $31,602,571.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0">(d) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> <p id="xdx_8AA_zzLKZGVI3xZe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_897_ecustom--ScheduleOfBalanceSheetsTableTextBlock_zNeQ73PM6jul" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The effects of the restatement on the parent company only balance sheet as of December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B0_zCp4QMttXnG6"><b style="display: none">Restatement - Schedule of Condensed Balance Sheet</b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zKoGG7rwzCU9" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zLrR8CA55zBa" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zH6kjxXC1iV9" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>As Previously </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsCurrentAbstract_iB_zYLCJaPe6WU8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">Current Assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_zWgH0sHnZ52k" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Prepayments and deposits</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2352">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2353">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2354">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AssetsCurrent_iI_zF6kNRVl6E2d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Current Assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2356">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2357">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2358">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--AssetsNoncurrentAbstract_iB_z8gC2VMQNcv9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-Current Assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--InterestsInSubsidiaries_i01I_ztsI8NLVEmfb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interests in subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">83,755,560</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(894,095</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)(d)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">82,861,465</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--AmountsDueFromGroupCompanies_i01I_zmf2NRMEZBQh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due from group companies</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,821,271</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,878,181</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61,943,090</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredIncomeTaxAssetsNet_iI_z3sP3M6n1TG9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax assets, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2372">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2373">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2374">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--AssetsNoncurrent_iI_zveluDVlwhvb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">153,576,831</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(8,772,276</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">144,804,555</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--Assets_iI_zl6hPZmKVsqk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">153,576,831</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(8,772,276</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Liabilities and Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesCurrentAbstract_iB_zguRyOVdqH26" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iI_zntmts94W1q2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables and accrued expenses</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">8,265,349</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,878,181</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">387,168</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--AmountsDueToRelatedParty_i02I_zXp9f0varx61" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2397">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--AmountsDueToGroupCompanies_i02I_zF6V3cffQ09g" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Amounts due to group companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,702</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2401">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,702</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesCurrent_iI_zidFPMcBWYxh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Current Liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,870,161</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,878,181</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,991,980</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Liabilities_iI_zRun0KFm6hkf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"></td><td style="border-bottom: Black 1pt solid; text-align: right">9,870,161</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,878,181</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"></td><td style="border-bottom: Black 1pt solid; text-align: right">1,991,980</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--StockholdersEquityAbstract_iB_zaFEcwhFAYOl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PreferredStockValue_iI_z75L1UEJeWq2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding</td><td> </td> <td style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2416">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2417">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2418">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CommonStockValue_iI_zi0Glbhd4Qn4" style="vertical-align: bottom; background-color: White"> <td>COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 1,120,145 shares issued; and 1,091,562 shares outstanding as of December 31, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,063</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">560</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--TreasuryStockValue_i02I_z0OoUNLqGZAi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Treasury stock; 28,583 shares as of December 31, 2024 and December 31, 2023 at cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2425">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--AdditionalPaidInCapital_iI_z2wyrXJAryDc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional paid-in capital</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,688,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,063</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,712,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--OtherAdditionalCapital_iI_z8PVUP5IgXl6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share to be issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2433">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RetainedEarningsUnappropriated_iI_zoqcSTPex4Ue" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Retained earnings unappropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,358,804</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,393,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--RetainedEarningsAppropriated_iI_zRLEQJ2kQIEh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Retained earnings appropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2441">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_iI_zS6C47uMXrid" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accumulated other comprehensive loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,854,143</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(d)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,783,318</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--StockholdersEquity_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Stockholders’ Equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">143,706,670</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,095</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,812,575</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LiabilitiesAndStockholdersEquity_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Liabilities and Stockholders’ Equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">153,576,831</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(8,772,276</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AC_z9Ph2f84jnA5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 44.6pt 0pt 0">(a) The amount of $7,878,181 in accounts payable and accrued expenses was reclassified as finance lease liability relating to salt pans. The finance lease liabilities including the current portion of $3,124,550 and the non-current portion of $4,014,019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 39.9pt 0pt 0">(b) The change in common stock and additional paid-in capital is due to the company's 1-for-10 reverse stock split on October 27, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 42.65pt 0pt 0">(c) Regarding the decrease in retained earnings unappropriated, the main reason was that general and administrative expenses increased by $964,920. The increase of general and administrative expenses was due to the reclassification of finance lease right- of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 36.45pt 0pt 0">(d) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 36.45pt 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 36.45pt 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 36.45pt 0pt 0"> </p> <p id="xdx_898_ecustom--ScheduleOfComprehensiveIncomesLossTableTextBlock_z7H8O6BMfzL8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The effects of the restatement on the parent company only statement of comprehensive income (loss) for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B0_zh58x3cMzAki" style="display: none">Restatement - Schedule of statement of operations income (loss)</span><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zJ9Shtz487Rk" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_ztNH2dPUQpZ4" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zv2A9djWYXB8" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.9pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23.8pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingExpensesAbstract_iB_zmQCxnU7T4Qe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">OPERATING EXPENSES</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--GeneralAndAdministrativeExpense_iN_di_z9xwUXCz9NFj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General and administrative expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2463">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--CostsAndExpenses_i01_zbHFa3iO4IR7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OPERATING EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2467">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_zPV28Dxt0qd4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">OTHER EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--InterestExpense_iN_di_zeV57FzhPjI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2474">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2475">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2476">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NonoperatingIncomeExpense_i01_zNqgMzIg2R9f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OTHER EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2478">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2479">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2480">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--OperatingExpenses_i01_zl0EMViDai0f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">TOTAL EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(742,480</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2483">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(742,480</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--IncomeLossFromSubsidiariesNetOfTax_i01_zUaMD2mLb4V8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in net loss of subsidiaries</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(58,192,972</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(964,920</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(a)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(59,157,892</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_zsbRZWAfH6d2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">LOSS BEFORE INCOME TAXES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(58,935,452</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(964,920</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(a)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(59,900,372</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--IncomeTaxesPaidNet_i01_zsC2Cshbq6ua" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">INCOME TAXES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2494">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2495">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2496">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--NetIncomeLoss_zq6mfpF26fr8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(58,935,452</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(964,920</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,900,372</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p id="xdx_8AA_zxY3W2BQ7JEh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.75pt 0pt 0">(a) The increase of $964,920 in equity in net loss of subsidiaries relating to general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_895_ecustom--ScheduleOfCashFlowsStatementTableTextBlock_zKRxkQLB1Tl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.75pt 0pt 0">The effects of the restatement on the parent company only statement of cash flows for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BE_zh4JE0BaPaJi" style="display: none">Restatement - Schedule of  consolidated statement of cash flows</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z06NnKgMTdei" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zmO3YeSoTRfe" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zAYqZ0UIhEBe" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zmnKdHVTJdHb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--NetIncomeLoss_ziNxBl3wj8K6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net Loss</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_iB_zlzZJbyQSLnf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Adjustments to reconcile net loss to net cash provided by (used in) operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeLossFromEquityMethodInvestments_i01_zMJjMZIL2Wo9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity loss in unconsolidated subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">58,192,972</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">964,920</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59,157,892</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ShareBasedCompensation_z8ZOz9HQujQl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock-based compensation expense-options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2520">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2521">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2522">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IssuanceOfStockAndWarrantsForServicesOrClaims_i01_zyze2iWT6UJ6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Shares issued from treasury stock for services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2524">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2525">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2526">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_iB_znhtJthsRx52" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Changes in assets and liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_zjb5k5v2Vhu2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other payables and accrued expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2533">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,825</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zZQ7rkdowXld" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Net cash used in operating activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(345,655</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2537">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(345,655</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_iB_zpFIfuKGe0ke" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--ProceedsFromRelatedPartyDebt_i01_zjxO9llRh35" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Advances from group companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2545">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zpr1kOF6iIHl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net cash provided by financing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2549">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_zhsNMOIJtqx6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">NET INCREASE IN CASH AND CASH EQUIVALENTS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2552">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2553">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2554">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iS_z8RbfdrwGXai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2556">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2557">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2558">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iE_zXm8aZvOoKdg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">CASH AND CASH EQUIVALENTS - END OF YEAR</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2560">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2561">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2562">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AE_zHTaeFmrNvH7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 39.2pt 0pt 0">(a) The increase of $964,920 in general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></p> <p id="xdx_894_ecustom--ScheduleOfBalanceSheetTableTextBlock_z7uR9IexCF2b" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The effects of the restatement on the consolidated balance sheet as of December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B9_zntVauulLsje" style="display: none">Restatement - Schedule of Condensed Balance Sheet</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zrmWqGXqDWSf" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zfabv0E4Ac8a" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20241231_z59qb21ZgYV2" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--AssetsCurrentAbstract_iB_zL6K46zkPcQ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--Cash_i01I_z5LxteglcNge" style="vertical-align: bottom; background-color: White"> <td style="width: 49%">Cash</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">10,075,162</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1763">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">10,075,162</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AccountsReceivableNetCurrent_i01I_zphyiitzNct5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accounts receivable, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">564,523</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1767">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">564,523</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--InventoryNet_i01I_zuIkfbigi8qc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventories, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">315,371</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1771">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">315,371</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_i01I_zqxD5WjiqPVa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Prepayments and deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,376,656</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1775">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,376,656</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AmountDueFromRelatedParties_i01I_zloWDd1DLQD4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amount due from related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1779">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,040</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AccountsAndOtherReceivablesNetCurrent_iI_zj5RlXC9PXWh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other receivables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,074</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1783">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AssetsCurrent_i01I_zwBpnDk3Cs63" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,450,826</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1787">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,450,826</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AssetsNoncurrentAbstract_iB_zlgERxyZ8S83" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-Current Assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentNet_iI_ze5zP6AkjESe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Property, plant and equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">136,143,177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(46,712,127</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">89,431,050</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--FinanceLeaseRightOfUseAsset_iI_znBnifRMaeI" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">76,868</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,078,420</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,155,288</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zFGyixrMWQEc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating lease right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,169,855</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1803">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,169,855</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--PrepaidExpenseOtherNoncurrent_iI_zJXzErePrWce" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Prepaid land leases, net of current portion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,615,269</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1807">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,615,269</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredTaxAssetsNet_i01I_zSnRqjV79OVf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax assets, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1810">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1811">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1812">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsNoncurrent_i01I_zyj4qTJ9m6V3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">152,005,169</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,633,707</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">150,371,462</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--Assets_i01I_z5fiOJfMTIal" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">169,455,995</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,633,707</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">167,822,288</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zS5FKkFNQkQa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Liabilities and Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LiabilitiesCurrentAbstract_i01B_zNB4P2w4wze3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iI_zh0aafj51PZ7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts payable and accrued expenses</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">14,323,458</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,878,181</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">6,445,277</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--TaxesPayableCurrent_iI_zqOOw8UcXhee" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes payable-current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">113,999</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1835">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">113,999</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AmountDueToRelatedParty_iI_zwgEnhEV3id4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amount due to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,584,808</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1839">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,584,808</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--FinanceLeaseLiabilityCurrent_iI_zIwOl7WueFsa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease liability, current portion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">217,743</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,124,550</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,342,293</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiabilityCurrent_iI_zbDYdvCq8NF7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease liabilities, current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">491,850</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1847">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">491,850</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LiabilitiesCurrent_i02I_zDeeNw9Zbduk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,731,858</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(4,753,631</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,978,227</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesNoncurrentAbstract_iB_zkP2PrCEtN8j" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-Current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--FinanceLeaseLiabilityNoncurrent_iI_z0lOzG9vXm6j" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance lease liability, net of current portion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,075,865</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,014,019</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,089,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_zqQbkubzA5K6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease liabilities, net of current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,941,602</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1863">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,941,602</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LiabilitiesNoncurrent_iI_zGPanHijncB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">8,017,467</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,014,019</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,031,486</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--Liabilities_i02I_zxSMGVlyYrxc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,749,325</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(739,612</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,009,713</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--CommitmentsAndContingencies_iI_zfSGYRcrO6tg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Commitment and Contingencies</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1874">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1875">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1876">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--StockholdersEquityAbstract_iB_zWYGe0uJcT8e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PreferredStockValue_i02I_zfsOrbFJP7pb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1882">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1883">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1884">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CommonStockValue_i02I_zOu3QbZX9Vo8" style="vertical-align: bottom; background-color: White"> <td>COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 1,120,145 shares issued; and 1,091,562 shares outstanding as of December 31, 2024, and 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,063</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">560</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--TreasuryStockValue_iNI_di_za1FItzPgXlc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Treasury stock; 28,583 shares as of December 31, 2024 at cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1891">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--AdditionalPaidInCapital_i02I_zEQWjSIILz6l" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional paid-in capital</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,688,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,063</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,712,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherAdditionalCapital_i02I_z6ULF4KeoI0f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share to be issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1899">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--RetainedEarningsUnappropriated_i02I_zMBMJbKb90vc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Retained earnings unappropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,358,804</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(d)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,393,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RetainedEarningsAppropriated_i02I_zn11DXaJrA8a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Retained earnings appropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1907">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_i02I_zaB6aufHGmUi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accumulated other comprehensive loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,854,143</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(e)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,783,318</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--StockholdersEquity_iI_pp0d_zB10FB6htKPb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Stockholders’ Equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">143,706,670</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,095</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,812,575</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LiabilitiesAndStockholdersEquity_iI_pp0d_zmLRbiZBzbz9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Liabilities and Stockholders’ Equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">169,455,995</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,633,707</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left">$</td><td style="padding-bottom: 2.5pt; text-align: right">167,822,288</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The following descriptions of the restatement adjustments to the balance sheet excludes a description of adjustments previously identified and concluded as immaterial that were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) The change in common stock and additional paid-in capital is due to the company's 1-for-10 reverse stock split on October 27, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b) As of December 31, 2024, in the fixed assets, the original value of the buildings subject to reclassification amounted to $68,476,868, The Company reclassified them based on their acquisition methods. The self-built portion was reclassified as "leasehold improvements" in the property, plant and equipment, with an original value of $3,507,367. The leased portion was reclassified as finance lease right-of use assets, with an original value of $64,189,590, accumulated amortization of $19,111,170, and a net value of $45,078,420.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif">(c) </span>The amount of $7,878,181 in accounts payable and accrued expenses was reclassified as finance lease liability relating to the salt pans. The finance lease liabilities including the current portion of $3,124,550 and the non-current portion of $4,014,019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(d) Regarding the decrease in retained earnings unappropriated, the main reason was that general and administrative expenses increased by $964,920. The increase in general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(e) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> 10075162 10075162 564523 564523 315371 315371 6376656 6376656 25040 25040 94074 94074 17450826 17450826 136143177 -46712127 89431050 76868 45078420 45155288 6169855 6169855 9615269 9615269 152005169 -1633707 150371462 169455995 -1633707 167822288 14323458 -7878181 6445277 113999 113999 2584808 2584808 217743 3124550 3342293 491850 491850 17731858 -4753631 12978227 1075865 4014019 5089884 6941602 6941602 8017467 4014019 12031486 25749325 -739612 25009713 24623 -24063 560 1372673 1372673 101688262 24063 101712325 194700 194700 37358804 -964920 36393884 26667097 26667097 -20854143 70825 -20783318 143706670 -894095 142812575 169455995 -1633707 167822288 <p id="xdx_895_eus-gaap--ScheduleOfComprehensiveIncomeLossTableTextBlock_zujKOrL75WX7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16pt 0pt 0">The effects of the restatement on the consolidated statement of operations income (loss) for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16pt 0pt 0"><span id="xdx_8BB_zcey8q3gnDDl" style="display: none">Restatement - Schedule of statement of operations income (loss)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zZb2yPKTFuBl" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zPCQeCxAwHEe" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240101__20241231_zqDkDzxDUuic" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Restatement</b></p></td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Note</b></p></td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>As Restated</b></p></td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--Revenues_zUyX3AtIEaJj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">NET REVENUE</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1925">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">7,661,010</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingExpensesAbstract_iB_zZmQ9EbWwDj3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">OPERATING COSTS AND EXPENSE</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--RevenueExpense_iN_di_zKrXLQFKGyOh" style="vertical-align: bottom; background-color: White"> <td>Cost of revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,746,741</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1933">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,746,741</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--SellingAndMarketingExpense_iN_di_zUY6lp27mqZk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Sales and marketing expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(46,264</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1937">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(46,264</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--DirectLaborAndFactoryOverheadsIncurredDuringPlanShutdown_iN_di_zL6V7Ao3wNaf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Direct labor and factory overheads incurred during plant shutdown</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,880,643</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1941">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,880,643</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--GeneralAndAdministrativeExpense_iN_di_zsJEoRK3MjC9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">General and administrative expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,271,011</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(964,920</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(a)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,235,931</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--OperatingExpenses_iN_di_z99x9WduqdW3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">TOTAL OPERATING COSTS AND EXPENSE</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,944,659</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,909,579</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingIncomeLoss_zqplPbegSkV5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">LOSS FROM OPERATIONS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(21,283,649</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,248,569</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_ztxrw5ewSNyl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">OTHER INCOME (EXPENSE)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--InterestExpense_i01N_di_zJaPQqNbD5u9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(91,901</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1961">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(91,901</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InvestmentIncomeInterest_zjaHEWpCodxb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,258</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1965">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,258</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OtherNonoperatingIncomeExpense_zJHC8mU6jju2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other expenses, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(50,470</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1969">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(50,470</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainLossOnDispositionOfAssets1_z5yElcBDzafl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss on disposal of property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,169,008</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1973">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29,169,008</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_iN_di_zKXrkBFB8vZk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Impairment of property, plant and equipment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,772,500</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1977">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,772,500</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_i01_zNMSckFmeQfl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">LOSS BEFORE INCOME TAXES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(57,287,270</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(58,252,190</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxExpenseBenefit_iN_di_zMe47hLn1Zq8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">INCOME TAX EXPENSE</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,648,182</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1985">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,648,182</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_i01_zrafKLRhza4i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(58,935,452</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(964,920</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,900,372</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--ComprehensiveIncomeNetOfTaxAbstract_iB_zM4DU8xtxla4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">COMPREHENSIVE LOSS:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--NetIncomeLoss_i01_zH8FA2ifCqCc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">NET LOSS</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_iB_zN0HHNeUhOD1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">OTHER COMPREHENSIVE (LOSS) INCOME</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_zenZV89HSKwg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">- Foreign currency translation adjustments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,800,874</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(b)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,730,049</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--ComprehensiveIncomeNetOfTax_z9RVndX7cO02" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">TOTAL COMPREHENSIVE LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(61,736,326</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(894,095</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(62,630,421</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">BASIC AND DILUTED LOSS PER SHARE</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_908_eus-gaap--EarningsPerShareBasic_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zKh4RrMQpT0k" title="BASIC LOSS PER SHARE"><span id="xdx_902_eus-gaap--EarningsPerShareDiluted_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z2T9M5oRdqAg" title="DILUTED LOSS PER SHARE">(5.49</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--EarningsPerShareBasic_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zZYEBykNN0u9" title="BASIC LOSS PER SHARE"><span id="xdx_90D_eus-gaap--EarningsPerShareDiluted_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zsLXj1zgPL0a" title="DILUTED LOSS PER SHARE">(49.39</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_907_eus-gaap--EarningsPerShareBasic_c20240101__20241231_zK2bxxpXFrPd" title="BASIC LOSS PER SHARE"><span id="xdx_90C_eus-gaap--EarningsPerShareDiluted_c20240101__20241231_zw3uVH7PwAvc" title="DILUTED LOSS PER SHARE">(54.88</span></span></td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WeightedAverageNumberOfSharesIssuedBasic_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z4GyyLpo6LFd" title="BASIC WEIGHTED AVERAGE NUMBER OF SHARES"><span id="xdx_906_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zl8LvPux1epa" title="DILUTED WEIGHTED AVERAGE NUMBER OF SHARES">10,726,924</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--WeightedAverageNumberOfSharesIssuedBasic_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zfX3yT4P4yZc"><span id="xdx_900_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_z2BJK2n56oG">(9,635,362</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WeightedAverageNumberOfSharesIssuedBasic_c20240101__20241231_zZE1Q2b0aLkl"><span id="xdx_900_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20240101__20241231_zapc9MXWbqSg">1,091,562</span></span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The following descriptions of the restatement adjustments to the statement of operations exclude a description of adjustments previously identified and concluded as immaterial they were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.1pt 0pt 0">(a) The increase of $964,920 in general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 36.45pt 0pt 0">(b) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) The change in basic and diluted loss per share is due to the company's 1-for-10 reverse stock split on October 27, 2025.</p> 7661010 7661010 14746741 14746741 46264 46264 8880643 8880643 5271011 964920 6235931 28944659 964920 29909579 -21283649 -964920 -22248569 91901 91901 80258 80258 -50470 -50470 -29169008 -29169008 6772500 6772500 -57287270 -964920 -58252190 1648182 1648182 -58935452 -964920 -59900372 -58935452 -964920 -59900372 -2800874 70825 -2730049 -61736326 -894095 -62630421 -5.49 -5.49 -49.39 -49.39 -54.88 -54.88 10726924 10726924 -9635362 -9635362 1091562 1091562 <p id="xdx_891_eus-gaap--ScheduleOfStockholdersEquityTableTextBlock_zIPCw54MBRP4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The effects of the restatement on the consolidated statement of stockholders' deficit for the year ended December 31, 2024 are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BD_zvS2GED42J9i" style="display: none">Restatement - Schedule of consolidated statement of stockholders’ deficit</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt"> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BA_us-gaap--StatementEquityComponentsAxis_us-gaap--CommonStockMember_zd1VsSQ2V9Fh" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BC_us-gaap--StatementEquityComponentsAxis_us-gaap--TreasuryStockCommonMember_zf08tY1FW5Gj" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B3_us-gaap--StatementEquityComponentsAxis_custom--ShareToBeIssuedMember_zYGFnladdu1j" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B0_us-gaap--StatementEquityComponentsAxis_us-gaap--AdditionalPaidInCapitalMember_zYP385vTTnX2" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B2_us-gaap--StatementEquityComponentsAxis_us-gaap--RetainedEarningsUnappropriatedMember_zSdMRfDcI0zd" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BE_us-gaap--StatementEquityComponentsAxis_custom--AppropriatedRetainedEarningsMember_zSRjpD9s0lh8" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BC_us-gaap--StatementEquityComponentsAxis_us-gaap--AccumulatedOtherComprehensiveIncomeMember_zuM5KAFRer1" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4B4_zNbkwZgeuzO3" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="17" style="border-bottom: Black 1pt solid; text-align: center">Common stock</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Accumulated</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Number</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Number</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Number</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Additional</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Retained</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Retained</td><td> </td><td> </td> <td colspan="2" style="text-align: center">other</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: center">Restatement</td><td> </td> <td colspan="2" style="text-align: center">of shares</td><td> </td><td> </td> <td colspan="2" style="text-align: center">of shares</td><td> </td><td> </td> <td colspan="2" style="text-align: center">of treasury</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Treasury</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Share to be</td><td> </td><td> </td> <td colspan="2" style="text-align: center">paid-in</td><td> </td><td> </td> <td colspan="2" style="text-align: center">earnings</td><td> </td><td> </td> <td colspan="2" style="text-align: center">earnings</td><td> </td><td> </td> <td colspan="2" style="text-align: center">comprehensive</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Reference</td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">issued</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Outstanding</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">stock</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Amount</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">stock</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">issued</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">capital</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">unappropriated</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">appropriated</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Income(loss)</td><td style="padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">YEAR ENDED DECEMBER 31, 2024 <br/> (As Previously Reported)</td><td> </td> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr id="xdx_438_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_eus-gaap--StockholdersEquity_iS_zYxf8FOloRk6" style="vertical-align: bottom; background-color: White"> <td style="width: 18%; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT JANUARY 1, 2024</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="width: 4%; padding-bottom: 2.5pt"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--SharesIssued_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zZqAt4YY6t1e" style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">11,012,754</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zIfljOSPSkq1" style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">10,726,924</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zozO3NniKGpk" style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">285,830</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">24,623</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">(1,372,673</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2037">—</span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">101,688,262</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">96,294,256</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">26,667,097</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">(18,053,269</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 4%; text-align: right">205,248,296</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_hsrt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zAkr7Ft42o87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Restricted shares to be issued for service</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2047">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2048">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2050">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2051">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2052">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2053">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_hsrt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zvNMERRFRpj3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Currency translation adjustment</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2056">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2057">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2058">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2059">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2060">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2061">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,800,874</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,800,874</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLoss_hsrt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zYsB8d3Cvv48" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">Net loss for year ended December 31, 2024</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2065">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2066">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2067">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2068">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2070">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2071">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td></tr> <tr id="xdx_433_c20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_eus-gaap--StockholdersEquity_iE_zq5p7pUx81vl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT DECEMBER 31, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zPPapbVDk2A3" style="border-bottom: Black 2.5pt double; text-align: right">11,012,754</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_987_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zvT6YcurU201" style="border-bottom: Black 2.5pt double; text-align: right">10,726,924</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zthD72O15Vlk" style="border-bottom: Black 2.5pt double; text-align: right">285,830</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24,623</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,372,673</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">194,700</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">101,688,262</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">37,358,804</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">26,667,097</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(20,854,143</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">143,706,670</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">YEAR ENDED DECEMBER 31, 2024 <br/> (Restatement Impact)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_eus-gaap--StockholdersEquity_iS_z8lvTA6fYRNi" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT JANUARY 1, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">(a)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z46Xb4xbp259" style="border-bottom: Black 2.5pt double; text-align: right">(9,892,609</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zWGj5AYTUJ63" style="border-bottom: Black 2.5pt double; text-align: right">(9,635,362</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--SharesOutstanding_iS_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zd27QSbLxQh3" style="border-bottom: Black 2.5pt double; text-align: right">(257,247</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(24,063</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2087">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2088">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24,063</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2090">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2091">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2092">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2093">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_hsrt--RestatementAxis__srt--RestatementAdjustmentMember_zL36Q1PVmr5e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Restricted shares to be issued for service</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_hsrt--RestatementAxis__srt--RestatementAdjustmentMember_z46UwSnoin5f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Currency translation adjustment</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2107">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2108">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2109">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2110">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2112">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">70,825</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">70,825</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetIncomeLoss_hsrt--RestatementAxis__srt--RestatementAdjustmentMember_zou3eKxGExyk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">Net loss for year ended December 31, 2024</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2116">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2117">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2118">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2119">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2121">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2122">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_eus-gaap--StockholdersEquity_iE_zL4Wjdx1PcId" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT DECEMBER 31, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt">(a)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharesIssued_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zPR0Zi1jH822" style="border-bottom: Black 2.5pt double; text-align: right">(9,892,609</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zFXuK294YqR7" style="border-bottom: Black 2.5pt double; text-align: right">(9,635,362</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_982_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z3TPjxrI0757" style="border-bottom: Black 2.5pt double; text-align: right">(257,247</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(24,063</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2126">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2127">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24,063</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(964,920</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2130">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">70,825</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(894,095</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">YEAR ENDED DECEMBER 31, 2024 <br/> (As Restated)</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20230101__20231231_eus-gaap--StockholdersEquity_iS_zUVOiXseWxq4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT JANUARY 1, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--SharesIssued_iS_c20230101__20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zXIUSwVpLQ7a" style="border-bottom: Black 2.5pt double; text-align: right">1,120,145</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_986_eus-gaap--SharesOutstanding_iS_c20230101__20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zvwDkaFUYCQ5" style="border-bottom: Black 2.5pt double; text-align: right">1,091,562</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--SharesOutstanding_iS_c20230101__20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember_zghw8E22w4sd" style="border-bottom: Black 2.5pt double; text-align: right">28,583</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">560</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,372,673</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2139">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">101,712,325</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">96,294,256</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">26,667,097</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(18,053,269</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">205,248,296</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_zs9YV2SC9Ah1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Restricted shares to be issued for service</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2149">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2150">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2152">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2153">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2154">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2155">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_zrRuTL8oDiV3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Currency translation adjustment</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2158">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2159">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2160">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2161">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2162">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2163">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,730,049</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,730,049</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--NetIncomeLoss_zPwJeBFsHmC6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt">Net loss for year ended December 31, 2024</td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2167">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2168">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2169">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2170">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2172">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2173">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_436_c20240101__20241231_eus-gaap--StockholdersEquity_iE_zOCJVpflWn6e" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">BALANCE AT DECEMBER 31, 2024</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_982_eus-gaap--SharesIssued_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_ziasyhZzlWY5" style="border-bottom: Black 2.5pt double; text-align: right">1,120,145</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zEnHg9MJdWnc" style="border-bottom: Black 2.5pt double; text-align: right">1,091,562</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--SharesOutstanding_iE_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--TreasuryStockCommonMember_zygCbXrXtqrk" style="border-bottom: Black 2.5pt double; text-align: right">28,583</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">560</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,372,673</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">194,700</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">101,712,325</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">36,393,884</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">26,667,097</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(20,783,318</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">142,812,575</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The following descriptions of the restatement adjustments to the consolidated statement of stockholders' deficit excludes a description of adjustments previously identified and concluded as immaterial the were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 40.45pt 0pt 0">(a) The change in common stock and additional paid-in capital is due to the company's 1-for-10 reverse stock split on October 27, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(b) Regarding the decrease in retained earnings unappropriated, the main reason was that general and administrative expenses increased by $964,920. The increase of general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0; text-align: justify">(c) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> 11012754 10726924 285830 24623 -1372673 101688262 96294256 26667097 -18053269 205248296 194700 194700 -2800874 -2800874 -58935452 -58935452 11012754 10726924 285830 24623 -1372673 194700 101688262 37358804 26667097 -20854143 143706670 -9892609 -9635362 -257247 -24063 24063 70825 70825 -964920 -964920 -9892609 -9635362 -257247 -24063 24063 -964920 70825 -894095 1120145 1091562 28583 560 -1372673 101712325 96294256 26667097 -18053269 205248296 194700 194700 -2730049 -2730049 -59900372 -59900372 1120145 1091562 28583 560 -1372673 194700 101712325 36393884 26667097 -20783318 142812575 <p id="xdx_89E_ecustom--ScheduleOfCashFlowStatementTableTextBlock_zJgdoCIyBRl2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The effects of the restatement on the consolidated statement of cash flows for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B3_zSwOyOBkTed3" style="display: none">Restatement - Schedule of  consolidated statement of cash flows</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zqMMmcyqTej" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember_zA56wszn2Ed7" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20240101__20241231_zukOFOougkhe" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11.55pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11.55pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zyxe6GkPJvel" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--NetIncomeLoss_i01_zLonjOCu6Om9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net loss</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_iB_zEUFgM97yFBh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Adjustments to reconcile net income to net cash provided by (used in) operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AmortizationOnCapitalLease_z58DP1LPuSAe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amortization on capital lease</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">91,901</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,124</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,025</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--DepreciationDepletionAndAmortization_zLIb4X5nnnW1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,007,875</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,188,048</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,819,827</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredIncomeTaxesAndTaxCredits_zb17OPyvZPih" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deferred tax asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,632,978</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2211">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,632,978</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShareBasedCompensation_z2Tn1wntz9sg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock-based compensation expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2215">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--WriteOffOfDeferredDebtIssuanceCost_z4k8rHRvsr87" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Bad debt expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,669,002</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2219">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,669,002</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--ProductionRelatedImpairmentsOrCharges_z7rQRRFhZSd9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Impairment of inventory</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">989,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2223">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">989,035</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--NonoperatingGainsLosses_iN_pp0p0_di_zq7Vwapi6gfi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment of property plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,772,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2227">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,772,500</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--AmortizationOfOperatingLeaseRightofuseAsset_zKzJOLs1KuQe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amortization of operating lease right-of-use asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">877,809</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2231">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">877,809</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseRightOfUseAssetAmortization_z52X4mWgEgL9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amortization of finance lease right-of-use asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2234">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,045,602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,045,602</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--GainLossOnDispositionOfAssets1_iN_di_zFXBer3vZVQ9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on disposal of property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,169,008</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2239">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,169,008</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_iB_zChnXDiQu1Zj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Changes in assets and liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncreaseDecreaseInAccountsReceivable_iN_di_zlFe6aLyLdX8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,264,140</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2247">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,264,140</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IncreaseDecreaseInInventories_iN_di_zDS4ZM2BVH85" style="vertical-align: bottom; background-color: White"> <td>Inventories</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(733,302</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2251">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(733,302</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_iN_di_z8HAfr8OlwMi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Prepayment and deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">248,817</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2255">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">248,817</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncreaseDecreaseInCustomerAdvances_zBAr5Mfbiyoh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Advance from customers</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42,471</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2259">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42,471</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncreaseDecreaseInOtherReceivables_iN_di_zdp2rmaqBbea" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(87,515</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2263">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(87,515</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_zChmChWQuoPe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts and Other payable and accrued expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,191,652</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2267">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,191,652</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--IncreaseDecreaseInAccruedTaxesPayable_z8xJNeqjF3Yc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(357,954</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2271">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(357,954</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--IncreaseDecreaseInOperatingLeaseLiability_zxi5ERfy0lF6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,351</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2275">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,351</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--NetCashProvidedByUsedInOperatingActivities_i_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash provided by operating activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">675,068</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">758</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">675,826</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--NetCashProvidedByUsedInInvestingActivitiesAbstract_iB_z7V18KrykHT2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">CASH FLOWS FROM INVESTING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_iN_di_zYeRdnCJng4k" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Purchase of property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,526,213</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,602,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,923,642</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--PaymentsToFundLongtermLoansToRelatedParties_iN_di_zDSwPQ9DMeRc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Interest-free loan lent to related parties</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(25,275</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2291">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(25,275</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--NetCashProvidedByUsedInInvestingActivities_zAkuKm6646y7" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash used in investing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(60,551,488</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">31,602,571</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(c)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,948,917</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_iB_z6TtyYW4lOmh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--FinanceLeasePrincipalPayments_iN_di_zTrrQz5YCMug" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Repayment of finance leases obligation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(264,094</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(31,602,571</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(31,866,665</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--ProceedsFromRepaymentsOfRelatedPartyDebt_zTdhzuZdPa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Proceeds from interest-free loan from a related party</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,854</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2307">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,854</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zDi4LBImHT76" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash used in financing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(249,240</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31,602,571</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(c)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31,851,811</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_zIcKC8a9Pkr4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,023,072</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(758</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(d)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,023,830</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_z5ANgrPIsgR6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">NET DECREASE IN CASH AND CASH EQUIVALENTS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62,148,732</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2319">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62,148,732</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01S_zPvpRTyQ6WDf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">72,223,894</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2323">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">72,223,894</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01E_zl6vuE1BOJv3" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">CASH AND CASH EQUIVALENTS - END OF YEAR</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">10,075,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2327">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">10,075,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">As Previously</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--SupplementalCashFlowInformationAbstract_iB_zaWu6Gk9yTug" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--IncomeTaxesPaidNetAbstract_iB_zIcXIukqp6Ld" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Cash paid during the year for:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeTaxesPaid_zTbD8P12K6Xe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Paid for taxes</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,520,292</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2339">—</span></td><td style="text-align: left"> </td><td> </td> <td> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,520,292</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--InterestPaidNet_zPilgkoqrdW" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest on finance lease obligation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">91,901</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,124</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">200,025</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The following descriptions of the restatement adjustments to the statement of cash flows excludes a description of adjustments previously identified and concluded as immaterial that were also corrected as part of the restatement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.15pt 0pt 0">(a) This restatement is due to the reclassification of buildings without property ownership certificates in fixed assets. The Company reclassified them based on their acquisition methods. The self-built portion was reclassified as "leasehold improvements" in the property, plant and equipment. The leased portion was reclassified as finance lease right-of-use assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.45pt 0pt 0">(b) Regarding the increase in net loss, the main reason was that general and administrative expenses increased by $964,920. The increase in general and administrative expenses was due to the reclassification of finance lease right-of-use asset. Previously, depreciation was calculated after deducting 5% residual value from the fixed assets, but now there is no residual value for amortization of finance lease right-of-use asset calculation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 44.4pt 0pt 0">(c) Fixed assets without property ownership certificates have been reclassified as finance lease right-of use assets, resulting in an amount of $31,602,571.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.65pt 0pt 0">(d) The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.</p> -58935452 -964920 -59900372 91901 108124 200025 18007875 -2188048 15819827 1632978 1632978 194700 194700 1669002 1669002 989035 989035 -6772500 -6772500 877809 877809 3045602 3045602 -29169008 -29169008 -4264140 -4264140 733302 733302 -248817 -248817 -42471 -42471 87515 87515 -2191652 -2191652 -357954 -357954 -894351 -894351 675068 758 675826 60526213 -31602571 28923642 25275 25275 -60551488 31602571 -28948917 264094 31602571 31866665 14854 14854 -249240 -31602571 -31851811 -2023072 -758 -2023830 -62148732 -62148732 72223894 72223894 10075162 10075162 1520292 1520292 91901 108124 200025 <p id="xdx_897_ecustom--ScheduleOfBalanceSheetsTableTextBlock_zNeQ73PM6jul" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The effects of the restatement on the parent company only balance sheet as of December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B0_zCp4QMttXnG6"><b style="display: none">Restatement - Schedule of Condensed Balance Sheet</b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zKoGG7rwzCU9" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zLrR8CA55zBa" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zH6kjxXC1iV9" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>As Previously </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsCurrentAbstract_iB_zYLCJaPe6WU8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">Current Assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_zWgH0sHnZ52k" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Prepayments and deposits</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2352">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2353">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2354">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AssetsCurrent_iI_zF6kNRVl6E2d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Current Assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2356">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2357">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2358">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--AssetsNoncurrentAbstract_iB_z8gC2VMQNcv9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-Current Assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--InterestsInSubsidiaries_i01I_ztsI8NLVEmfb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interests in subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">83,755,560</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(894,095</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)(d)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">82,861,465</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--AmountsDueFromGroupCompanies_i01I_zmf2NRMEZBQh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due from group companies</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,821,271</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,878,181</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61,943,090</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredIncomeTaxAssetsNet_iI_z3sP3M6n1TG9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax assets, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2372">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2373">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2374">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--AssetsNoncurrent_iI_zveluDVlwhvb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">153,576,831</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(8,772,276</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">144,804,555</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--Assets_iI_zl6hPZmKVsqk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">153,576,831</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(8,772,276</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Liabilities and Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesCurrentAbstract_iB_zguRyOVdqH26" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_iI_zntmts94W1q2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables and accrued expenses</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">8,265,349</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,878,181</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">387,168</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--AmountsDueToRelatedParty_i02I_zXp9f0varx61" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2397">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--AmountsDueToGroupCompanies_i02I_zF6V3cffQ09g" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Amounts due to group companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,702</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2401">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,702</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesCurrent_iI_zidFPMcBWYxh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Current Liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,870,161</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,878,181</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,991,980</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Liabilities_iI_zRun0KFm6hkf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"></td><td style="border-bottom: Black 1pt solid; text-align: right">9,870,161</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,878,181</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"></td><td style="border-bottom: Black 1pt solid; text-align: right">1,991,980</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--StockholdersEquityAbstract_iB_zaFEcwhFAYOl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Stockholders’ Equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PreferredStockValue_iI_z75L1UEJeWq2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding</td><td> </td> <td style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2416">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2417">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2418">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CommonStockValue_iI_zi0Glbhd4Qn4" style="vertical-align: bottom; background-color: White"> <td>COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 1,120,145 shares issued; and 1,091,562 shares outstanding as of December 31, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,063</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">560</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--TreasuryStockValue_i02I_z0OoUNLqGZAi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Treasury stock; 28,583 shares as of December 31, 2024 and December 31, 2023 at cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2425">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--AdditionalPaidInCapital_iI_z2wyrXJAryDc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional paid-in capital</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,688,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,063</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(b)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,712,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--OtherAdditionalCapital_iI_z8PVUP5IgXl6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share to be issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2433">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RetainedEarningsUnappropriated_iI_zoqcSTPex4Ue" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Retained earnings unappropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,358,804</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(c)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,393,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--RetainedEarningsAppropriated_iI_zRLEQJ2kQIEh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Retained earnings appropriated</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2441">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_iI_zS6C47uMXrid" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accumulated other comprehensive loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,854,143</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(d)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,783,318</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--StockholdersEquity_iI_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Stockholders’ Equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">143,706,670</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(894,095</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,812,575</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LiabilitiesAndStockholdersEquity_iI_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Liabilities and Stockholders’ Equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">153,576,831</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(8,772,276</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 83755560 -894095 82861465 69821271 -7878181 61943090 153576831 -8772276 144804555 153576831 -8772276 144804555 8265349 -7878181 387168 1462110 1462110 142702 142702 9870161 -7878181 1991980 9870161 -7878181 1991980 24623 -24063 560 -1372673 -1372673 101688262 24063 101712325 194700 194700 37358804 -964920 36393884 26667097 26667097 -20854143 70825 -20783318 143706670 -894095 142812575 153576831 -8772276 144804555 <p id="xdx_898_ecustom--ScheduleOfComprehensiveIncomesLossTableTextBlock_z7H8O6BMfzL8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0">The effects of the restatement on the parent company only statement of comprehensive income (loss) for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8B0_zh58x3cMzAki" style="display: none">Restatement - Schedule of statement of operations income (loss)</span><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zJ9Shtz487Rk" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20240101__20241231__srt--RestatementAxis__srt--RestatementAdjustmentMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_ztNH2dPUQpZ4" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zv2A9djWYXB8" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.9pt 0pt 0; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23.8pt 0pt 0; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingExpensesAbstract_iB_zmQCxnU7T4Qe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">OPERATING EXPENSES</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--GeneralAndAdministrativeExpense_iN_di_z9xwUXCz9NFj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General and administrative expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2463">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--CostsAndExpenses_i01_zbHFa3iO4IR7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OPERATING EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2467">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_zPV28Dxt0qd4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">OTHER EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--InterestExpense_iN_di_zeV57FzhPjI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2474">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2475">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2476">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NonoperatingIncomeExpense_i01_zNqgMzIg2R9f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OTHER EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2478">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2479">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2480">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--OperatingExpenses_i01_zl0EMViDai0f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">TOTAL EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(742,480</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2483">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(742,480</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--IncomeLossFromSubsidiariesNetOfTax_i01_zUaMD2mLb4V8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in net loss of subsidiaries</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(58,192,972</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(964,920</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(a)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(59,157,892</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_zsbRZWAfH6d2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">LOSS BEFORE INCOME TAXES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(58,935,452</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(964,920</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt">(a)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(59,900,372</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--IncomeTaxesPaidNet_i01_zsC2Cshbq6ua" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">INCOME TAXES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2494">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2495">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2496">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--NetIncomeLoss_zq6mfpF26fr8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(58,935,452</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">(964,920</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,900,372</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> 742480 742480 -742480 -742480 -742480 -742480 -58192972 -964920 -59157892 -58935452 -964920 -59900372 -58935452 -964920 -59900372 <p id="xdx_895_ecustom--ScheduleOfCashFlowsStatementTableTextBlock_zKRxkQLB1Tl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.75pt 0pt 0">The effects of the restatement on the parent company only statement of cash flows for the year ended December 31, 2024, are summarized in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_8BE_zh4JE0BaPaJi" style="display: none">Restatement - Schedule of  consolidated statement of cash flows</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20240101__20241231__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z06NnKgMTdei" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zmO3YeSoTRfe" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zAYqZ0UIhEBe" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>As Previously</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Reported</b></p></td><td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restatement</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Note</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As Restated</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zmnKdHVTJdHb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 49%; text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 5%; text-align: center"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--NetIncomeLoss_ziNxBl3wj8K6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net Loss</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(58,935,452</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(964,920</td><td style="text-align: left">)</td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_iB_zlzZJbyQSLnf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Adjustments to reconcile net loss to net cash provided by (used in) operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeLossFromEquityMethodInvestments_i01_zMJjMZIL2Wo9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity loss in unconsolidated subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">58,192,972</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">964,920</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">(a)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59,157,892</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ShareBasedCompensation_z8ZOz9HQujQl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stock-based compensation expense-options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2520">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2521">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2522">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IssuanceOfStockAndWarrantsForServicesOrClaims_i01_zyze2iWT6UJ6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Shares issued from treasury stock for services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2524">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2525">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2526">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_iB_znhtJthsRx52" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Changes in assets and liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_zjb5k5v2Vhu2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other payables and accrued expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,825</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2533">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,825</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zZQ7rkdowXld" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Net cash used in operating activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(345,655</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2537">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(345,655</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_iB_zpFIfuKGe0ke" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--ProceedsFromRelatedPartyDebt_i01_zjxO9llRh35" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Advances from group companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2545">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zpr1kOF6iIHl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net cash provided by financing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2549">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_zhsNMOIJtqx6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">NET INCREASE IN CASH AND CASH EQUIVALENTS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2552">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2553">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2554">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iS_z8RbfdrwGXai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2556">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2557">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2558">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iE_zXm8aZvOoKdg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">CASH AND CASH EQUIVALENTS - END OF YEAR</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2560">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2561">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2562">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> -58935452 -964920 -59900372 58192972 964920 59157892 396825 396825 -345655 -345655 345655 345655 345655 345655 <p id="xdx_804_eus-gaap--CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_z1IPaOk6abgi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt">SCHEDULE I – PARENT ONLY FINANCIAL INFORMATION</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt">The following presents condensed parent company only financial information of Gulf Resources, Inc.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="text-decoration: underline">Condensed Balance Sheets</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" id="xdx_883_esrt--ScheduleOfCondensedBalanceSheetTableTextBlock_zDIk02MqLTZ5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule I - Parent Only Financial Information - Condensed Balance Sheets (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td id="xdx_49A_20251231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zrDVEzIkmbAi" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49F_20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zKTfK0DgvIMh" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td></td><td style="padding-bottom: 1pt"> </td> <td colspan="8" style="border-bottom: Black 1pt solid; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="4" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_405_ecustom--PrepaymentsAndDeposits_i01I_z2ydionNrR89" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Prepayments and deposits</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid">$</td> <td style="border-bottom: Black 1pt solid"></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2576">—</span></td> <td style="border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2577">—</span></td> <td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_407_eus-gaap--AssetsCurrent_i01I_zk3c1SDFtccb" style="vertical-align: bottom; background-color: White"> <td>Total Current Assets</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2579">—</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2580">—</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsNoncurrentAbstract_iB_zoX5wtrXiv16" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-Current Assets</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--InterestsInSubsidiaries_i01I_zQhBcukk6Ovj" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Interests in subsidiaries</td><td style="width: 3%"> </td> <td colspan="2" style="text-align: left"> </td><td style="width: 11%; text-align: right">48,950,428</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">82,861,465</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--AmountsDueFromGroupCompanies_i01I_zBWFrUUZEepb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due from group companies</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">64,632,281</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61,943,090</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--DeferredTaxAssetsNet_i01I_zAC7M70Xw4te" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax assets, net</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2591">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2592">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AssetsNoncurrent_i01I_z14tXfpPI23" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current assets</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">113,582,709</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">144,804,555</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--Assets_i01I_z75LO1Sz3xk6" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td colspan="2" style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">113,582,709</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zocixgVKZaP3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Liabilities and Stockholders’ Equity</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LiabilitiesCurrentAbstract_i01B_z2VuSyHohTif" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Liabilities</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_i02I_zfgmied0G3I1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables and accrued expenses</td><td> </td> <td colspan="2" style="text-align: left">$</td><td style="text-align: right">642,677</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">387,168</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--AmountsDueToRelatedParty_i02I_zqIiGhwZTfyi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due to related parties</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--AmountsDueToGroupCompanies_i02I_zwGGOyXKID26" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Amounts due to group companies</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2612">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,702</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LiabilitiesCurrent_i02I_zYFlq64drBJ4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total Current Liabilities</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">2,104,787</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,991,980</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--Liabilities_i02I_zTRxrVjrhh29" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-align: left">Total Liabilities</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,104,787</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,991,980</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--StockholdersEquityAbstract_i01B_z7Ts3knKyl87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stockholders’ Equity</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PreferredStockValue_i02I_zVm2LtuxTcud" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding</td><td> </td> <td colspan="2" style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2624">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2625">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--CommonStockValue_i02I_zYduka5AUzNg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 1,568,114 and 1,120,145 shares issued; and 1,539,531 and 1,091,562 shares outstanding as of December 31, 2025 and December 31, 2024</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">784</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">560</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--TreasuryStockValue_i02I_z2yGEgWqdVdi" style="vertical-align: bottom; background-color: White"> <td>Treasury stock; 28,583 shares as of December 31, 2025 and December 31, 2024 at cost</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--AdditionalPaidInCapital_i02I_zyxoxVeyfUKf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Additional paid-in capital</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">105,927,142</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,712,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherAdditionalCapital_i02I_zkGGfzB6gTv1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Share to be issued</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2636">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--RetainedEarningsUnappropriated_i02I_zH1TEcLQMov3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Retained earnings unappropriated</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">(7,526,347</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,393,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RetainedEarningsAppropriated_i02I_zLi7a4UWuRUj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Retained earnings appropriated</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_i02I_zN128ws5PTH4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Currency translation adjustment</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,218,081</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,783,318</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--StockholdersEquity_i02I_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Stockholders’ Equity</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">111,477,922</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,812,575</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LiabilitiesAndStockholdersEquity_i02I_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Liabilities and Stockholders’ Equity</td><td style="padding-bottom: 2.5pt"> </td> <td colspan="2" style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">113,582,709</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.6pt 0pt 0; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span style="text-decoration: underline">Condensed Statements of Loss</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.5pt 0pt 0; text-align: right"> </p> <table cellpadding="0" cellspacing="0" id="xdx_88A_esrt--CondensedStatementOfComprehensiveIncomeTableTextBlock_zPOwHX4qAGRa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule I - Parent Only Financial Information - Condensed Statements of Comprehensive Loss (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250101__20251231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zowNoXJk8X24" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z3QMEWixFsQ6" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_403_eus-gaap--OperatingExpensesAbstract_iB_zhP2O1ALpHt" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">OPERATING EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--GeneralAndAdministrativeExpense_i01N_di_zrLbbwrkVDAb" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left; padding-bottom: 1pt; padding-left: 9.75pt">General and administrative expenses</td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,443,957</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">) </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(742,480</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--CostsAndExpenses_i01_zuKo9UJ3ANHc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OPERATING EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,443,957</td><td style="border-bottom: Black 1pt solid; text-align: left">) </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_z2B1S310Vuvg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">OTHER EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--InterestExpense_i01N_di_zV9fsfjpw2Tk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 9.75pt">Interest expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2669">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2670">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--NonoperatingIncomeExpense_i01_z9cX11KXWv05" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OTHER EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2672">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2673">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingExpenses_i01_zhJTEOK9CdQf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">TOTAL EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,443,957</td><td style="text-align: left">) </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(742,480</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--IncomeLossFromSubsidiariesNetOfTax_i01_z6qS8tsbNbz8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in net loss of subsidiaries</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(42,476,274</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(59,157,892</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_i01_zEkP6ms0RFFk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">LOSS BEFORE INCOME TAXES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(43,920,231</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--IncomeTaxesPaidNet_i01_z2CtAfshntTf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">INCOME TAXES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2684">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2685">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLoss_i01_zq9bAGHdfg8f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(43,920,231</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,900,372</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td></tr> </table> <p style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">Condensed Statements of Cash Flows</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_88C_esrt--ScheduleOfCondensedCashFlowStatementTableTextBlock_zjFqolxB44i5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule I - Parent Only Financial Information - Condensed Statements of Cash Flows (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 17.5pt"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250101__20251231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zcl0sO6VoRn6" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zpRghXtlXYs9" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_407_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zs0u0FVQ6ac6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--NetIncomeLoss_i01_ztSLp3D1mZMb" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Net Loss</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(43,920,231</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(59,900,372</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_i01B_zf562IgmpvNc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Adjustments to reconcile net loss to net cash provided by (used in) operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeLossFromEquityMethodInvestments_i01_zSmRJG5fDZrk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 17.5pt">Equity loss in unconsolidated subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,476,274</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59,157,892</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--ShareBasedCompensation_i01_zrwL5XwfHAw4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 17.5pt">Stock-based compensation expense-options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2704">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2705">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IssuanceOfStockAndWarrantsForServicesOrClaims_i01_zEL3SYKuBRNl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 17.5pt">Shares issued from treasury stock for services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2707">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2708">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_i01B_zHNljlhO3Cql" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Changes in assets and liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_i02_z0DrhLfbghFh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other payables and accrued expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">255,509</td><td style="border-bottom: Black 1pt solid; text-align: left"></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,825</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInOperatingActivities_i02_zMoZqdqBFXh2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Net cash used in operating activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,188,448</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(345,655</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_iB_zEVYfTfRkJjl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--ProceedsFromRelatedPartyDebt_i01_zmcRCOc44f2b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Advances from group companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,188,448</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInFinancingActivities_i01_zI62GTAXGRO2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net cash provided by financing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,188,448</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_i01_zIXY65qCmQt5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">NET INCREASE IN CASH AND CASH EQUIVALENTS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2728">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2729">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01S_zh8y2MpMJnG6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2731">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2732">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01E_zIfHW946h0U5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">CASH AND CASH EQUIVALENTS - END OF YEAR</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2734">—</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2735">—</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(i)</td><td><span style="text-decoration: underline">Basis of presentation</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">In the condensed parent-company-only financial statements, the Company’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition. The Company’s share of net loss of its subsidiaries is included in condensed statements of comprehensive loss using the equity method. These condensed parent- company-only financial statements should be read in connection with the consolidated financial statements and notes thereto.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">As of December 31, 2025, the Company itself has no purchase commitment, capital commitment and operating lease commitment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 5%">(ii)</td><td><span style="text-decoration: underline">Restricted Net Assets</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Schedule I of Rule 5-04 of Regulation S-X requires the condensed financial information of registrant shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. For purposes of the above test, restricted net assets of consolidated subsidiaries shall mean that amount of the registrant’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party (i.e., lender, regulatory agency, foreign government, etc.).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of the subsidiaries of Gulf Resources, Inc. exceed 25% of the consolidated net assets of Gulf Resources, Inc. The ability of the Company’s Chinese operating subsidiaries to pay dividends may be restricted due to the foreign exchange control policies and availability of cash balances of the Chinese operating subsidiaries. Because a significant portion of the Company’s operations and revenues are conducted and generated in China, a significant portion of the revenues being earned and currency received are denominated in RMB. RMB is subject to the exchange control regulation in China, and, as a result, the Company may be unable to distribute any dividends outside of China due to PRC exchange control regulations that restrict the Company’s ability to convert RMB into US Dollars.</p> <table cellpadding="0" cellspacing="0" id="xdx_883_esrt--ScheduleOfCondensedBalanceSheetTableTextBlock_zDIk02MqLTZ5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule I - Parent Only Financial Information - Condensed Balance Sheets (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td id="xdx_49A_20251231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zrDVEzIkmbAi" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49F_20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zKTfK0DgvIMh" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td></td><td style="padding-bottom: 1pt"> </td> <td colspan="8" style="border-bottom: Black 1pt solid; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="4" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_405_ecustom--PrepaymentsAndDeposits_i01I_z2ydionNrR89" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Prepayments and deposits</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid">$</td> <td style="border-bottom: Black 1pt solid"></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2576">—</span></td> <td style="border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid">$</td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2577">—</span></td> <td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_407_eus-gaap--AssetsCurrent_i01I_zk3c1SDFtccb" style="vertical-align: bottom; background-color: White"> <td>Total Current Assets</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2579">—</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2580">—</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsNoncurrentAbstract_iB_zoX5wtrXiv16" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-Current Assets</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--InterestsInSubsidiaries_i01I_zQhBcukk6Ovj" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Interests in subsidiaries</td><td style="width: 3%"> </td> <td colspan="2" style="text-align: left"> </td><td style="width: 11%; text-align: right">48,950,428</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">82,861,465</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--AmountsDueFromGroupCompanies_i01I_zBWFrUUZEepb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due from group companies</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">64,632,281</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61,943,090</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--DeferredTaxAssetsNet_i01I_zAC7M70Xw4te" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax assets, net</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2591">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2592">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AssetsNoncurrent_i01I_z14tXfpPI23" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total non-current assets</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">113,582,709</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">144,804,555</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--Assets_i01I_z75LO1Sz3xk6" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td colspan="2" style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">113,582,709</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zocixgVKZaP3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Liabilities and Stockholders’ Equity</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LiabilitiesCurrentAbstract_i01B_z2VuSyHohTif" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current Liabilities</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrent_i02I_zfgmied0G3I1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables and accrued expenses</td><td> </td> <td colspan="2" style="text-align: left">$</td><td style="text-align: right">642,677</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">387,168</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--AmountsDueToRelatedParty_i02I_zqIiGhwZTfyi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts due to related parties</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,462,110</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--AmountsDueToGroupCompanies_i02I_zwGGOyXKID26" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Amounts due to group companies</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2612">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,702</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LiabilitiesCurrent_i02I_zYFlq64drBJ4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total Current Liabilities</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">2,104,787</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,991,980</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--Liabilities_i02I_zTRxrVjrhh29" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-align: left">Total Liabilities</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,104,787</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,991,980</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--StockholdersEquityAbstract_i01B_z7Ts3knKyl87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Stockholders’ Equity</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PreferredStockValue_i02I_zVm2LtuxTcud" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding</td><td> </td> <td colspan="2" style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2624">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"></td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2625">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--CommonStockValue_i02I_zYduka5AUzNg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 1,568,114 and 1,120,145 shares issued; and 1,539,531 and 1,091,562 shares outstanding as of December 31, 2025 and December 31, 2024</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">784</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">560</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--TreasuryStockValue_i02I_z2yGEgWqdVdi" style="vertical-align: bottom; background-color: White"> <td>Treasury stock; 28,583 shares as of December 31, 2025 and December 31, 2024 at cost</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,372,673</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--AdditionalPaidInCapital_i02I_zyxoxVeyfUKf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Additional paid-in capital</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">105,927,142</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">101,712,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherAdditionalCapital_i02I_zkGGfzB6gTv1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Share to be issued</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2636">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,700</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--RetainedEarningsUnappropriated_i02I_zH1TEcLQMov3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Retained earnings unappropriated</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">(7,526,347</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,393,884</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RetainedEarningsAppropriated_i02I_zLi7a4UWuRUj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Retained earnings appropriated</td><td> </td> <td colspan="2" style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,667,097</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_i02I_zN128ws5PTH4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Currency translation adjustment</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,218,081</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,783,318</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--StockholdersEquity_i02I_pp0p" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Stockholders’ Equity</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">111,477,922</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,812,575</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LiabilitiesAndStockholdersEquity_i02I_pp0p" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Liabilities and Stockholders’ Equity</td><td style="padding-bottom: 2.5pt"> </td> <td colspan="2" style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">113,582,709</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">144,804,555</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 48950428 82861465 64632281 61943090 113582709 144804555 113582709 144804555 642677 387168 1462110 1462110 142702 2104787 1991980 2104787 1991980 784 560 -1372673 -1372673 105927142 101712325 194700 -7526347 36393884 26667097 26667097 -12218081 -20783318 111477922 142812575 113582709 144804555 <table cellpadding="0" cellspacing="0" id="xdx_88A_esrt--CondensedStatementOfComprehensiveIncomeTableTextBlock_zPOwHX4qAGRa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule I - Parent Only Financial Information - Condensed Statements of Comprehensive Loss (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250101__20251231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zowNoXJk8X24" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z3QMEWixFsQ6" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_403_eus-gaap--OperatingExpensesAbstract_iB_zhP2O1ALpHt" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">OPERATING EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--GeneralAndAdministrativeExpense_i01N_di_zrLbbwrkVDAb" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left; padding-bottom: 1pt; padding-left: 9.75pt">General and administrative expenses</td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,443,957</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">) </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(742,480</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--CostsAndExpenses_i01_zuKo9UJ3ANHc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OPERATING EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,443,957</td><td style="border-bottom: Black 1pt solid; text-align: left">) </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(742,480</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_z2B1S310Vuvg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">OTHER EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--InterestExpense_i01N_di_zV9fsfjpw2Tk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 9.75pt">Interest expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2669">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2670">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--NonoperatingIncomeExpense_i01_z9cX11KXWv05" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">TOTAL OTHER EXPENSES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2672">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2673">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingExpenses_i01_zhJTEOK9CdQf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">TOTAL EXPENSES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,443,957</td><td style="text-align: left">) </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(742,480</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--IncomeLossFromSubsidiariesNetOfTax_i01_z6qS8tsbNbz8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Equity in net loss of subsidiaries</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(42,476,274</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(59,157,892</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_i01_zEkP6ms0RFFk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">LOSS BEFORE INCOME TAXES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(43,920,231</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(59,900,372</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--IncomeTaxesPaidNet_i01_z2CtAfshntTf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">INCOME TAXES</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2684">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2685">—</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLoss_i01_zq9bAGHdfg8f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">NET LOSS</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(43,920,231</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,900,372</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td></tr> </table> 1443957 742480 -1443957 -742480 -1443957 -742480 -42476274 -59157892 -43920231 -59900372 -43920231 -59900372 <table cellpadding="0" cellspacing="0" id="xdx_88C_esrt--ScheduleOfCondensedCashFlowStatementTableTextBlock_zjFqolxB44i5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule I - Parent Only Financial Information - Condensed Statements of Cash Flows (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 17.5pt"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20250101__20251231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zcl0sO6VoRn6" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20240101__20241231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zpRghXtlXYs9" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2025</td><td> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2024 (Restated)</td></tr> <tr id="xdx_407_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zs0u0FVQ6ac6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--NetIncomeLoss_i01_ztSLp3D1mZMb" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Net Loss</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(43,920,231</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">(59,900,372</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_i01B_zf562IgmpvNc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Adjustments to reconcile net loss to net cash provided by (used in) operating activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeLossFromEquityMethodInvestments_i01_zSmRJG5fDZrk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 17.5pt">Equity loss in unconsolidated subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,476,274</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59,157,892</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--ShareBasedCompensation_i01_zrwL5XwfHAw4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 17.5pt">Stock-based compensation expense-options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2704">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2705">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IssuanceOfStockAndWarrantsForServicesOrClaims_i01_zEL3SYKuBRNl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 17.5pt">Shares issued from treasury stock for services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2707">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2708">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_i01B_zHNljlhO3Cql" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Changes in assets and liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_i02_z0DrhLfbghFh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other payables and accrued expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">255,509</td><td style="border-bottom: Black 1pt solid; text-align: left"></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">396,825</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInOperatingActivities_i02_zMoZqdqBFXh2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Net cash used in operating activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,188,448</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(345,655</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_iB_zEVYfTfRkJjl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--ProceedsFromRelatedPartyDebt_i01_zmcRCOc44f2b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Advances from group companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,188,448</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInFinancingActivities_i01_zI62GTAXGRO2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net cash provided by financing activities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,188,448</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">345,655</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_i01_zIXY65qCmQt5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">NET INCREASE IN CASH AND CASH EQUIVALENTS</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2728">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2729">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01S_zh8y2MpMJnG6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2731">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2732">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01E_zIfHW946h0U5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">CASH AND CASH EQUIVALENTS - END OF YEAR</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2734">—</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2735">—</span></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> -43920231 -59900372 42476274 59157892 255509 396825 -1188448 -345655 1188448 345655 1188448 345655 false false false false true The shares and per share data are presented on a retroactive basis to reflect the stock split. The shares and per share data are presented on a retroactive basis to reflect the stock split. The shares and per share data are presented on a retroactive basis to reflect the stock split. During the year ended December 31, 2025, the Company entered into five borrowing arrangements with a third party for an aggregate principal amount of $14,160,101, bearing interest at 9% per annum. Certain borrowings were guaranteed by individuals or entities or secured by certain assets. As of December 31, 2025, the aggregate accrued and unpaid interest related to these borrowings was $195,182. There was $2,416,086 receivable from the sale of the Company’s subsidiary, SYCI, which is due in 2026 from Shandong Rongyuan Pharmaceutical Co., Ltd. Accrued expense-others mainly included accrued professional fees and accrued interest payable that is disputed by the Company in connection with its borrowing from Shouguang Industrial and Commercial Bank Co., Ltd.