v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:      
Net income $ 6,067,538 $ 10,024,075  
Adjustments to reconcile net income to net cash used in operating activities      
Depreciation of property, plant and equipment 229,552 142,739  
Allowance for obsolete inventories 196,995 40,053  
Written-off inventories (13,400) (204,220)  
Benefit for deferred income taxes (21,775) (136,389)  
Provision for allowance for expected credit losses 211,905 4,665 $ 196,075
Provision for warranty liabilities 3,096,219 4,004,614  
Provision for reinstatement cost 120,564 77,277  
Non-cash lease expense 103,134 (40,750)  
Change in fair value of derivative financial instruments (74,765) 753,243  
Change in operating assets and liabilities:      
Accounts receivables 987,723 (4,745,325)  
Inventories (700,246) (2,417,038)  
Deposit, prepayments, and other receivables (825,951) (2,044,057)  
Accounts payable (14,477,611) (17,304,187)  
Customer deposits (7,142) 383,291  
Accrued liabilities and other payables 632,510 2,112,765  
Warranty liabilities (3,354,072) (2,970,986)  
Income tax payable (437,313) 1,078,773  
Net cash used in operating activities (8,266,135) (11,241,457)  
Cash flows from investing activities:      
Purchase of property, plant and equipment (1,951,009) (557,755)  
Net cash used in investing activities (1,951,009) (557,755)  
Cash flows from financing activities:      
Proceeds from short-term borrowings 10,711,705 40,199,588  
Repayments of short-term borrowings (13,836,813) (32,073,255)  
Repayments to related parties (21,419,088)  
Advances from related parties 10,474,493 12,192,439  
Amounts due from related parties - Reorganization and scrapping 7,066,770  
Deferred offering cost (62,537)  
Dividend paid to shareholders of the Company (5,829,688)  
Net cash provided by financing activities 1,457,160 5,966,454  
Effect on exchange rate change on cash and cash equivalents, and restricted cash (299,544) 1,043,524  
Net change in cash and cash equivalents, and restricted cash (9,059,528) (4,789,234)  
BEGINNING OF PERIOD 27,276,091 24,860,621 24,860,621
END OF PERIOD 18,216,563 20,071,387 $ 27,276,091
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes 2,198,095 1,398,808  
Cash paid for interest 158,129 570,293  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Shares issued for common control acquisition 75,000,000  
Related parties balances under offsetting arrangement $ (6,287,024) $ 15,337,816