Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Summary of Significant Accounting Policies [Abstract] |
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| Schedule of Consolidated Financial Statements |
The exchange rates used to translate amounts in RMB into USD for the purposes of preparing the unaudited consolidated financial statements or otherwise disclosed in this report were as follows | | | As of | | | | | September 30,
2026 | | | December 31,
2025 | | | Period end RMB: US$ exchange rate | | | 6.7045 | | | | 6.9931 | | | | | For the nine months ended September 30, | | | | | 2026 | | | 2025 | | | Period average RMB: US$ exchange rate | | | 6.8209 | | | | 7.2201 | |
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| Schedule of Reconciliation of Cash and Cash Equivalents |
The following represents a reconciliation of cash and cash equivalents in the consolidated balance sheets to total cash, cash equivalents and restricted cash in the consolidated statements of cash flows as of September 30, 2026 and December 31, 2025: | | | As of | | | | | September 30, 2026 | | | December 31,
2025 | | | Cash and cash equivalents | | $ | 9,571,895 | | | $ | 7,775,330 | | | Restricted cash | | | 745,768 | | | | 71,540 | | | Cash, cash equivalents and restricted cash | | $ | 10,317,663 | | | $ | 7,846,870 | |
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| Schedule of Fair Value Measurements of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis |
The following table summarizes the fair value measurements of assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2026: | (amount in absolute value) | | Active Market
for Identical
Assets
(Level 1) | | | Observable
Inputs
(Level 2) | | | Unobservable
Inputs
(Level 3) | | | Total
Carrying
Value | | | Short term investment | | $ | - | | | | 39,944,487 | | | | - | | | $ | 39,944,487 | | | Warrants liability | | | - | | | | 5,096 | | | | - | | | | 5,096 | | | | | | | | | | | | | | | | | | | | | Total | | $ | - | | | | 39,949,583 | | | | - | | | $ | 39,949,583 | |
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| Schedule of Estimated Useful Lives |
Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives are as follows: | Buildings | | 20 years | | Machinery | | 2~10 years | | Motor vehicles | | 4 years | | Electronic equipment | | 3~5 years |
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| Schedule of Movement in Contract Liabilities |
The following table summarizes the movement in contract liabilities during the nine months ended September 30, 2026: | | | Contract
Liabilities | | | Deferred
Revenue | | | Total
Contract
Liabilities | | | Beginning balance | | $ | 93,698 | | | | 1,083,784 | | | $ | 1,177,482 | | | Additions | | | 638,209 | | | | - | | | | 638,209 | | | Recognized as revenue during the period | | | (600,942 | ) | | | (180,473 | ) | | | (781,415 | ) | | Effect of foreign exchange change | | | 4,294 | | | | 43,520 | | | | 47,814 | | | Ending balance | | $ | 135,259 | | | | 946,831 | | | $ | 1,082,090 | |
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| Schedule of Disaggregation of Revenue |
The following table sets forth disaggregation of revenue: | | | For the three months ended September 30, | | | For the nine months ended September 30, | | | Major Products | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Transmission boxes for Forklift | | $ | 24,370,464 | | | $ | 22,732,648 | | | $ | 78,426,085 | | | $ | 64,684,975 | | | Transmission boxes for Non-Forklift (Electric Vehicles, etc.) | | | 489,816 | | | | 668,949 | | | | 1,849,868 | | | | 2,113,972 | | | Total | | $ | 24,860,280 | | | $ | 23,401,597 | | | $ | 80,275,953 | | | $ | 66,798,947 | |
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