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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from operating activities:      
Net income $ 10,837,307 $ 11,591,041 $ 6,177,704
Adjustments reconcile net income to net cash provided by (used in) operating activities:      
Depreciation 543,658 408,233 541,265
Amortization 26,973 62,149 22,196
Net loss from disposal of property, plant and equipment 102,319 25,023
Written-off Tai He deposit 4,755,536
Provision for credit loss 1,109,347 1,933,661
Deferred tax benefit (642,635) (370,475)
Currency exchange loss (gain) (380,254) 153,440 (273,432)
Interest expense on long-term receivable 1,259,084
Gain from equity method investments (94,183) (4,832)
Gain from disposal of equity interest in a subsidiary (21,360)
Loss from disposal of property, plant and equipment 111
Change in fair value in convertible debt 678,297
Accrual of contingent liability 1,348,027
Amortization of operating lease right-of-use assets 404 611
Changes in operating assets and liabilities:      
Bank acceptance receivables 1,326,316 1,026,148 (4,284,515)
Accounts receivable (4,253,900) (13,558,315) (7,121,889)
Accounts receivable-related party (287,364) (457,585)  
Inventories 165,759 (528,635) 35,027
Prepayments and other assets 1,304,710 1,760,865 (4,932,145)
Due from related parties (21,184)
Accounts payable 932,491 185,902 (3,371,275)
Taxes payable 188,426 (16,893) (812,412)
Accrued expenses and other current liabilities 596,218 9,911 75,879
Operating leases liabilities (627) (611)
Net cash provided by (used in) operating activities 14,636,805 2,275,750 (9,163,038)
Cash flows from investing activities:      
Purchases of property, plant and equipment (133,550) (1,182,699) (2,698,729)
Additions to intangible assets (3,503,883)
Long term investment (4,864,016) (5,944,709)
Proceeds from disposal of long-term investment 567,115 353,062
Proceeds from disposal of property, plant and equipment 348,321 23,146
Collection of long-term deposits for buildings 1,389,719 706,125
Cash in disposed subsidiary (89,719)    
Advance to related parties (17,290,577)
Deposits to a related party (9,179,624)
Net cash used in investing activities (20,421,028) (12,458,698) (8,620,292)
Cash flows from financing activities:      
Proceeds from convertible debt 5,580,000
Proceeds from short-term bank borrowings 10,561,863 6,637,574 7,579,135
Share repurchase (200,000)    
Proceeds from long-term bank loans 743,052
Capital contributed by non-controlling shareholders 635,310
Proceeds from initial public offering 34,529,644
Repayments of short-term bank borrowings (9,728,032) (5,931,449) (6,241,641)
Net cash provided by financing activities 6,213,831 706,125 37,245,500
Effect of foreign exchange rate changes (67,534) (332,999) (874,746)
Net increase (decrease) in cash 362,074 (9,809,822) 18,587,424
Cash, beginning of year 16,926,878 26,736,700 8,149,276
Cash, end of year 17,288,952 16,926,878 26,736,700
Reconciliation to amount on consolidated balance sheets:      
Cash 15,960,057 15,560,662 26,736,700
Restricted cash 1,328,895 1,366,216
Total cash and restricted cash 17,288,952 16,926,878 26,736,700
Cash paid for:      
Interest 247,615 250,781 194,667
Income taxes 3,657,394 3,583,143 5,703,288
Non-cash transactions      
Deposits to a related party reclassified to investments 9,033,173
Shareholder contribution through deferred cost 1,277,152
Operating lease right-of-use asset obtained in exchange of operating lease liabilities $ 7,697