Property, Plant and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of June 30, 2024 and December 31, 2023 consisted of the following:

	June 30, 2024			December 31, 2023
Machinery and equipment	$	2,161,133		$	2,133,142
Transportation vehicles		444,000			423,812
Electronic devices		128,165			126,342
Office furniture and equipment		86,277			60,196
Construction in progress		467,773			21,619
Building		488,834			500,353
Total property plant and equipment, at cost		3,776,183			3,265,464
Less: accumulated depreciation		(1,511,953	)		(1,340,489	)
Property, plant and equipment, net	$	2,264,230		$	1,924,975

As of June 30, 2024 and December 31, 2023, the Company had no impaired or pledged property and equipment.

Additions to property and equipment for the fiscal periods ended June 30, 2024 and December 31, 2023 were $590,133 and $696,772, respectively. There were no disposals during these periods.

Depreciation expenses were $203,787 and $186,658 for the six months ended June 30, 2024 and 2023, respectively

The depreciation expenses included in cost of sales during the periods ended June 30, 2024 and 2023 were $111,373 and $120,074, respectively.