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Property and equipment, net (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment are stated at cost net of accumulated depreciation and impairment. Depreciation is provided over the estimated useful lives of the assets using the straight-line method from the time the assets are placed in service. Estimated useful lives are as follows:
Useful Life
Building20 years
Leasehold Improvements
Lesser of lease term and expected useful life
Machinery and equipment
3 – 5 years
Furniture and fixtures
3 – 5 years
Vehicles5 years
Molds
3 – 5 years
Property and equipment, net consist of the following:
As of
December 31, 2024
As of
December 31, 2023
USDUSD
Building$946,066 $946,066 
Leasehold Improvements1,919,687 1,695,361 
Machinery and equipment3,549,167 1,613,439 
Furniture and fixtures274,994 259,449 
Vehicles147,912 147,912 
Molds26,377 26,377 
Subtotal6,864,203 4,688,604 
Less: accumulated depreciation(3,311,647)(2,778,113)
Prepayment for purchase of equipment and construction-in-progress81,784 — 
Total$3,634,340 $1,910,491