PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2025

Property, Plant, and Equipment [Abstract]

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

		June 30, 2025 (Restated)				December 31, 2024 (Restated)
At cost:
Mineral rights		$	2,694,068			$	2,682,882
Leasehold improvements			3,521,992				3,507,367
Plant and machinery			144,439,139				143,839,420
Furniture, fixtures and office equipment			1,441,073				1,435,090
Motor vehicles			124,733				124,215
Construction in process			10,197,986				10,155,642
Total			162,418,991				161,744,616
Less: Accumulated depreciation and amortization			(72,309,365	)			(65,569,186	)
Less: Impairment			(6,772,500	)			(6,744,380	)
Net book value		$	83,337,126			$	89,431,050

SCHEDULE OF ROLLFORWARD OF PROPERTY, PLANT AND EQUIPMENT

The rollforward of property, plant and equipment, net was as follows:

		December 31, 2024 (Restated)				Depreciation (a)				Foreign currency translation				June 30, 2025 (Restated)
At cost:
Mineral rights		$	2,682,882			$	-			$	11,186			$	2,694,068
Leasehold improvements			3,507,367				-				14,625				3,521,992
Plant and machinery			143,839,420				-				599,719				144,439,139
Furniture, fixtures and office equipment			1,435,090				-				5,983				1,441,073
Motor vehicles			124,215				-				518				124,733
Construction in process			10,155,642				-				42,344				10,197,986
Total			161,744,616				-				674,375				162,418,991
Less: Accumulated depreciation and amortization			(65,569,186	)			(6,444,107	)			(296,072	)			(72,309,365	)
Less: Impairment			(6,744,380	)			-				(28,120	)			(6,772,500	)
Net book value		$	89,431,050			$	(6,444,107	)		$	350,183			$	83,337,126

(a)

During the three and six months period ended June 30, 2025, depreciation and amortization expense totaled $3,217,980 and $6,444,107, respectively, which was recorded in direct labor and factory overheads incurred during plant shutdown, cost of revenue, and general & administrative expenses.