v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash used in operating activities $ (938,861) $ (1,343,391)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of Time deposit (10,190,407)
Purchase of property, plant and equipment (763) (29,568)
Net cash used in investing activities (763) (10,219,975)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from bank borrowings 3,902,331
Repayments of bank borrowings (3,905,110)
Repayments of Long-term bank borrowings (14,364) (4,330)
Proceeds from borrowings from related parties 1,156,342 1,036,584
Repayment of borrowings from related parties (67,796) (2,758)
Repayment of borrowings from third parties (8,207) (11,660)
Proceeds from financing sale and leaseback 277,023
Repayments of financing sale and leaseback (177,780) (475,858)
Proceeds from issuance of ordinary shares for private placement 10,000,000
Net cash provided by financing activities 888,195 10,816,222
Effect of exchange rate changes 40,793 242,256
Net change in cash and cash equivalents (10,636) (504,888)
Cash and cash equivalents, and restricted cash, beginning of the period 48,888 593,730
Cash and cash equivalents, end of the period 38,252 88,842
Supplemental disclosures of cash flow information:    
Interest expense paid 120,931 269,855
Supplemental disclosures of non-cash activities:    
Reclassification of long-term and short-term borrowings 458,978
Real estate properties reclassified to property, plant and equipment (163,444) (919,171)
Real estate properties reclassified to intangible assets (24,713) (122,945)
Ordinary Shares Issued from Debt-to-Equity Conversion 1,660,000
Preferred Shares Issued from Debt-to-Equity Conversion 823,100
Proceeds from maturity of time deposits 10,493,772
Repurchase of common stock (7,019,740)
Repurchase of Pre-Delivery Shares of Covertible Note (180)  
Loan to a third party (3,309,881)
Repayment of the Convertible Note by a related party $ 651,716