Investments in Unconsolidated Companies (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Investments in Unconsolidated Companies |
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| Schedule of non-controlling investments in solar project companies |
Investee | | Investment Balance at December 31, 2025 | | | Share of Investee’s Net Income (Loss) | | | Effect of Exchange Rate | | | Investment Balance at June 30, 2026 | | Yilong #2 | | $ | 4,612,189 | | | $ | (239,436 | ) | | $ | 135,260 | | | $ | 4,508,013 | | Xingren | | | 2,201,835 | | | | 16,587 | | | | 65,990 | | | | 2,284,412 | | Ancha | | | 3,900,787 | | | | (58,898 | ) | | | 115,950 | | | | 3,957,839 | | Total | | $ | 10,714,811 | | | $ | (281,747 | ) | | $ | 317,200 | | | $ | 10,750,264 | |
Investee | | Investment Balance at December 31, 2024 | | | Share of Investee’s Net Income (Loss) | | | Effect of Exchange Rate | | | Investment Balance at June 30, 2025 | | Yilong #2 | | $ | 4,345,909 | | | $ | 53,167 | | | $ | 79,866 | | | $ | 4,478,942 | | Xingren | | | 2,070,551 | | | | 28,094 | | | | 38,084 | | | | 2,136,729 | | Ancha | | | 3,604,428 | | | | 48,485 | | | | 66,292 | | | | 3,719,205 | | Total | | $ | 10,020,888 | | | $ | 129,746 | | | $ | 184,242 | | | $ | 10,334,876 | |
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| Schedule of combined financial statements of non controlling investments |
| | June 30, 2026 | | | December 31, 2025 | | | | | | | | | Current assets | | $ | 20,451,897 | | | $ | 18,213,527 | | Non-current assets | | | 70,113,421 | | | | 73,173,887 | | Total assets | | $ | 90,565,318 | | | $ | 91,387,414 | | | | | | | | | | | Current liabilities | | $ | 3,186,776 | | | $ | 1,727,555 | | Noncurrent liabilities | | | 51,285,786 | | | | 53,339,576 | | Members’ capital | | | 36,092,756 | | | | 36,320,283 | | Total liabilities and members’ capital | | $ | 90,565,318 | | | $ | 91,387,414 | |
| | Six Months Ended June 30, | | | | 2026 | | | 2025 | | | | | | | Revenue | | $ | 2,877,067 | | | $ | 4,004,050 | | Gross profit (loss) | | $ | (55,030 | ) | | $ | 1,605,279 | | Net income (loss) | | $ | (939,158 | ) | | $ | 432,488 | |
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| Schedule of carrying amounts of the Company's assets |
| | Carrying value at June 30, 2026 | | | | | | Assets | | | | Accounts receivable | | $ | 9,431,157 | | Contract assets | | | 51,850,757 | | Prepaid inventory | | | 284,595 | | Total assets related to Longfellow | | $ | 61,566,509 | | | | | | | Maximum exposure to loss | | $ | 61,566,509 | |
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