Segment Reporting

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 16 — SEGMENT REPORTING

The Company’s chief operating decision maker has been identified as the Chief Executive Officer (“CEO”), who reviews financial information of operating segments based on U.S. GAAP amounts when making decisions about allocating resources and assessing performance of the Company.

The Company determined that it operated in one operating segment of touch screen business.

The Company primarily operates in People’s Republic of China (“PRC”). and substantially all of the Company’s long-lived assets are located in the PRC.

1) The Company’s geographical revenue information is set forth below:

	For the Years Ended December 31,
	2024		2023
Sales in PRC	$	27,340,555	$	27,668,985
Sales in Overseas
-Republic of China (ROC, or Taiwan)		8,317,810		6,255,602
-South Korea		6,462,723		5,619,228
-Others		159,285		162,124
Sub-total		14,939,818		12,036,954
Total revenues	$	42,280,373	$	39,705,939

2) Segment information is set forth below:

	For the Years Ended December 31,
	2024			2023
Revenues	$	42,280,373		$	39,705,939
Less:
Cost of revenues		28,673,574			22,515,219
Allowance for credit losses		44,862			-
Provision of obsolete inventory		54,873			-
Staff cost		1,379,481			1,155,617
(Gain) loss on changes in fair value of common stock purchase warrants liability.		(378,371	)		121,413
Amortization of discounts and issue cost of the notes		5,715			33,655
Depreciation expense		9,805			9,403
Lease expense		98,387			-
Interest expense		1,169,974			252,325
Charges of contract default penalty expense		35,865			46,573
Income tax expense		2,657,690			4,082,606
Other segment items*		2,497,360			3,224,797
Segment net income		6,031,158			8,264,331
Consolidated net income	$	6,031,158		$	8,264,331
Consolidated total assets	$	128,019,463		$	119,641,398

* Other segment items include remaining selling expense, general and administration expenses, research & development, and interest income.