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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 345,112 $ 626,879
Banker’s acceptances 18,642
Trade accounts receivable, less allowance for credit losses of $13,023 and $13,587,182, respectively 241,412 232,140
Other receivables, less allowance for doubtful accounts of $32,153 and $28,447, respectively 49,261 30,286
Advances to suppliers 6,831 14,960
Inventories 1,621,423 2,266,154
Prepaid expenses 82,368 81,328
Total Current Assets 2,346,407 3,270,389
Property, plant and equipment, net 4,391,964 4,883,401
Right-of-use assets 181,828 38,298
Intangible assets, net 24,079,265 6,695,436
TOTAL ASSETS 30,999,464 14,887,524
Current Liabilities:    
Trade accounts payable 891,083 225,106
Accrued expenses 350,643 247,159
Other payables 2,563,067 2,182,982
Contract liabilities 111,580 162,208
Borrowings from related parties 1,435,136 1,144,985
Lease liabilities 71,628 39,323
Current portion of lines of credit 1,977,222 1,015,525
Total Current Liabilities 7,400,359 5,017,288
Non-current Liabilities:    
Lines of credit, net of current portion 1,391,130
Lease liabilities net of current portion 111,548
Deferred tax liability 747,805 731,202
Total Liabilities 8,259,712 7,139,620
Commitments and Contingencies (Note 15)
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 500,000,000 shares authorized; 15,522,002 shares and 3,261,911 shares issued and outstanding, respectively 15,522 3,262
Additional paid-in capital 58,535,819 40,631,679
Securities purchase agreement receivable (180,000) (180,000)
Accumulated deficit (47,214,235) (44,026,679)
Accumulated other comprehensive income 11,582,646 11,319,642
Total Stockholders’ Equity 22,739,752 7,747,904
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 30,999,464 $ 14,887,524