OPERATING LEASE RIGHT–OF–USE ASSETS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Operating Lease Rightofuse Assets | |
| OPERATING LEASE RIGHT–OF–USE ASSETS | NOTE 8 – OPERATING LEASE RIGHT–OF–USE ASSETS
The Company has the rights to use certain parcels of land located in Shouguang, 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.
As of June 30, 2026, the total operating lease right-of-use assets was $5,570,840.
The total operating lease cost for the six-month periods ended June 30, 2026 and 2025 was $447,905 and $435,102, respectively.
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