v3.26.3
SCHEDULE OF CONSOLIDATED STATEMENT OF CASH FLOWS (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (43,920,231) $ (59,900,372)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization on capital lease   200,025
Depreciation and amortization 13,137,016 15,819,827
Deferred tax asset 1,632,978
Stock-based compensation expense 930,800 194,700
Bad debt expense   1,669,002
Impairment of inventory 293,586 989,035
Impairment of property plant and equipment   6,772,500
Amortization of operating lease right-of-use asset 875,201 877,809
Amortization of finance lease right-of-use asset 3,124,602 3,045,602
Loss on disposal of property, plant and equipment   29,169,008
Changes in assets and liabilities    
Accounts receivable (2,635,370) 4,264,140
Inventories (530,033) (733,302)
Prepayment and deposits 1,042,593 248,817
Advance from customers   (42,471)
Other receivables 93,518 (87,515)
Accounts and Other payable and accrued expenses 460,716 (2,191,652)
Taxes payable 302,423 (357,954)
Lease liabilities (826,761) (894,351)
Net cash provided by operating activities 7,802,497 675,826
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (8,848,156) (28,923,642)
Interest-free loan lent to related parties (25,275)
Net cash used in investing activities (22,571,837) (28,948,917)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of finance leases obligation (262,778) (31,866,665)
Proceeds from interest-free loan from a related party 14,854
Net cash used in financing activities 4,844,391 (31,851,811)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (146,420) (2,023,830)
NET DECREASE IN CASH AND CASH EQUIVALENTS (10,071,369) (62,148,732)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 10,075,162 72,223,894
CASH AND CASH EQUIVALENTS - END OF YEAR 3,793 10,075,162
Cash paid during the year for:    
Paid for taxes 2,343,895 1,520,292
Interest on finance lease obligation 466,720 200,025
Previously Reported [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss   (58,935,452)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization on capital lease   91,901
Depreciation and amortization   18,007,875
Deferred tax asset   1,632,978
Stock-based compensation expense   194,700
Bad debt expense   1,669,002
Impairment of inventory   989,035
Impairment of property plant and equipment   6,772,500
Amortization of operating lease right-of-use asset   877,809
Amortization of finance lease right-of-use asset  
Loss on disposal of property, plant and equipment   29,169,008
Changes in assets and liabilities    
Accounts receivable   4,264,140
Inventories   (733,302)
Prepayment and deposits   248,817
Advance from customers   (42,471)
Other receivables   (87,515)
Accounts and Other payable and accrued expenses   (2,191,652)
Taxes payable   (357,954)
Lease liabilities   (894,351)
Net cash provided by operating activities   675,068
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment   (60,526,213)
Interest-free loan lent to related parties   (25,275)
Net cash used in investing activities   (60,551,488)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of finance leases obligation   (264,094)
Proceeds from interest-free loan from a related party   14,854
Net cash used in financing activities   (249,240)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS   (2,023,072)
NET DECREASE IN CASH AND CASH EQUIVALENTS   (62,148,732)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 10,075,162 72,223,894
CASH AND CASH EQUIVALENTS - END OF YEAR   10,075,162
Cash paid during the year for:    
Paid for taxes   1,520,292
Interest on finance lease obligation   91,901
Revision of Prior Period, Reclassification, Adjustment [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss [1]   (964,920)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization on capital lease [2]   108,124
Depreciation and amortization [2]   (2,188,048)
Deferred tax asset  
Stock-based compensation expense  
Bad debt expense  
Impairment of inventory  
Impairment of property plant and equipment  
Amortization of operating lease right-of-use asset  
Amortization of finance lease right-of-use asset [2]   3,045,602
Loss on disposal of property, plant and equipment  
Changes in assets and liabilities    
Accounts receivable  
Inventories  
Prepayment and deposits  
Advance from customers  
Other receivables  
Accounts and Other payable and accrued expenses  
Taxes payable  
Lease liabilities  
Net cash provided by operating activities   758
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment [3]   31,602,571
Interest-free loan lent to related parties  
Net cash used in investing activities [3]   31,602,571
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of finance leases obligation [3]   (31,602,571)
Proceeds from interest-free loan from a related party  
Net cash used in financing activities [3]   (31,602,571)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS [4]   (758)
NET DECREASE IN CASH AND CASH EQUIVALENTS  
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS - END OF YEAR  
Cash paid during the year for:    
Paid for taxes  
Interest on finance lease obligation   $ 108,124
[1] 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.
[2] 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.
[3] Fixed assets without property ownership certificates have been reclassified as finance lease right-of use assets, resulting in an amount of $31,602,571.
[4] The change in the accumulated other comprehensive loss represents the foreign currency translation differences in the financial statements.