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Investments (Tables)
12 Months Ended
Dec. 31, 2024
Investments [Abstract]  
Schedule of Investment
   Equity
investments
accounted
for using the
equity
method(i)
   Equity investments without readily determinable fair values (ii)   Total 
   US$   US$   US$ 
Balance as of December 31, 2022   5,799,737    869,918    6,669,655 
Disposal   
-
    (353,062)   (353,062)
Share of gain in equity method investee   4,832    
-
    4,832 
Foreign exchange translation   (165,593)   (23,891)   (189,484)
Balance as of December 31, 2023   5,638,976    492,965    6,131,941 
Additions   13,897,189    
-
    13,897,189 
Transfer from the investment in subsidiary to equity investment   2,670,219    
-
    2,670,219 
Share of gain in equity method investee   94,183    
-
    94,183 
Foreign exchange translation   (390,525)   (13,467)   (403,992)
Balance as of December 31, 2024   21,910,042    479,498    22,389,540 

 

(i)Equity investments accounted for using equity method
(ii)Equity investments without readily determinable fair value
Schedule of Condensed Financial Information

The Company summarizes the condensed financial information of the Group’s equity investments in Jiangsu Guomai under equity method as below:

 

   For the years ended December 31, 
   2024   2023   2022 
   US$   US$   US$ 
             
Revenue   10,794,434    9,141,200    7,128,205 
Gross profit   1,284,680    1,421,801    960,094 
Net income (loss)   113,092    333,760    18,660 
   December 31,
2024
   December 31, 2023 
   US$   US$ 
Current assets   13,208,065    3,417,004 
Non-current assets   7,980,514    7,888,311 
Total assets   21,188,579    11,305,315 
           
Current liabilities   7,036,173    6,616,673 
Non-Current liabilities   
-
    
-
 
Total liabilities   7,036,173    6,616,673