v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (2,783,188) $ (5,484,544)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization on capital lease 123,980 121,954
Depreciation and amortization 6,795,623 6,450,581
Amortization of operating lease right-of-use assets 447,905 435,102
Amortization of finance lease right-of-use assets 1,478,008 1,549,239
Stock-based compensation expense 196,100
Bad debt expense 60,086
Changes in assets and liabilities:    
Accounts receivable (12,017,123) (2,574,907)
Inventories (231,319) (197,631)
Prepayments and deposits 1,079,563 (2,331,871)
Other receivables (720) (11,447)
Accounts and other payable and accrued expenses 1,347,036 268,175
Taxes payable 235,556 182,919
Lease liabilities (777,234) (743,404)
Net cash used in operating activities (4,241,827) (2,139,734)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (1,699,835)
Repayments for loans to third parties 14,438,834
Interest-free loan repaid by related parties 10,155
Net cash provided by investing activities 12,749,154
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of finance leases obligation (272,297) (260,997)
Proceeds from sale of private placement units 556,191
Net cash provided by (used in) financing activities 283,894 (260,997)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 394,217 61,650
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,185,438 (2,339,081)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 3,793 10,075,162
CASH AND CASH EQUIVALENTS - END OF PERIOD 9,189,231 7,736,081
Cash paid during the six-month period ended June 30, for:    
Paid for taxes 998,245 811,828
Interest paid $ 200,730 $ 121,954