INVENTORIES

6 Months Ended

Jun. 30, 2026

INVENTORIES [Abstract]

INVENTORIES

NOTE 4 - INVENTORIES

Inventories were summarized as follows:

	June 30, 2026			December 31, 2025
	(Unaudited)
Raw material	$	6,223,171		$	8,128,078
Work-in-progress		904,993			1,925,771
Goods in transit		9,092			39,682
Finished goods		18,072,280			22,340,107
Inventories, gross		25,209,536			32,433,638
Less: inventory valuation allowance		(6,770,840	)		(9,179,135	)
Total inventories, net		18,438,696			23,254,503
Less: inventories, net, held for discontinued operations		-			(1,318,610	)
Inventories, net, held for continuing operations	$	18,438,696		$	21,935,893

The changes in inventory valuation allowance were as follows:

	For the Six Months Ended June 30,
	2026			2025
	(Unaudited)			(Unaudited)
Balance at the beginning of the period	$	9,179,135		$	8,255,880
Addition		-			2,554,421
Write-off		(2,494,595	)		(1,850,440	)
Foreign exchange		86,300			219,274
Balance at the end of the period	$	6,770,840		$	9,179,135