PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

7. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net, consisted of the following:

	As of December 31,
	2023			2024
Building	$	2,631,286		$	4,717,355
Machinery and equipment		2,140,575			2,576,389
Vehicle		64,791			63,002
Office equipment		74,411			72,262
Less: accumulated depreciation		(1,179,660	)		(2,334,463	)
Property, plant and equipment, net	$	3,731,403		$	5,094,545

For the years ended December 31, 2022, 2023 and 2024, depreciation expenses amounted to US$299,611, US$348,485 and US$459,116, respectively. The disposal gain was US$4,991, nil and nil for the years ended December 31, 2022, 2023 and 2024, respectively.