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INVENTORIES, NET
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Inventory Disclosure [Abstract]    
INVENTORIES, NET

5. INVENTORIES, NET

 

Inventories, net consisted of the following:

 

 

   December 31,
2023
   June 30,
2024
 
   As of 
   December 31,
2023
   June 30,
2024
 
       (Unaudited) 
Finished goods  $142,183   $112,699 
Work in progress   191,569    165,359 
Raw materials   183,149    96,133 
Less: inventory write down   (153,938)   (47,331)
Total  $362,963   $326,860 

 

The write-down made for inventories were US$68,950 and US$47,331 for the six months ended June 30, 2023 and 2024, respectively.

 

5. INVENTORIES, NET

 

Inventories, net consisted of the following:

  

   2022   2023 
   As of December 31, 
   2022   2023 
Finished goods  $16,327   $142,183 
Work in progress   93,349    191,569 
Raw materials   432,231    183,149 
Inventory write down   (310,159)   (153,938)
Total  $231,748   $362,963 

 

The write-down made for inventories were US$310,159 and US$153,938 for the years ended December 31, 2022 and 2023, respectively.