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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 loss $ (3,156,995) $ (2,068,061) $ (1,217,086)
Adjustments to reconcile net loss to net cash used in operating activities:      
Allowance (reversal) for credit loss 7,952 (165,288) 179,038
Write-downs of inventories 103,629 153,938 310,159
Depreciation of property, plant and equipment 459,116 348,485 299,611
Amortization of intangible assets 13,824 17,270 20,915
Depreciation and amortization of real estate properties for lease 3,351 113,599 123,738
Amortization of operating lease right-of-use asset 58,270 58,538 57,387
Amortization of financing lease right-of-use asset 8,407 25,150 26,463
Gain from the disposal of property, plant and equipment (4,991)
Gain from the disposal of financing lease right-of-use asset (18,994)
Amortization of Convertible Note issuance cost 15,285
Changes in operating assets and liabilities:      
Accounts and note receivable (103,696) 441,246 (260,739)
Inventories (45,090) (289,309) 3,282
Prepaid expenses and other current assets 113,968 (144,005) 394,911
Other non-current assets 32,406 34,976
Accounts payable 114,801 99,350 (95,251)
Accrued expenses and other current liabilities (606,472) 174,840 62,378
Amounts due from related parties (14,674)
Operating lease liabilities (58,271) (57,413) (57,387)
Other non-current liabilities (40,684) (30,463) (7,267)
Net cash used in operating activities (3,112,605) (1,323,385) (129,863)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment (33,951) (752,868) (433,552)
Proceeds from disposal of property, plant and equipment 5,424
Proceeds from disposal of financing lease right-of-use asset 30,167
Loan to a third party (500,986)
Loan to a related party (300,000) (575,000)
Net cash used in investing activities (834,937) (1,297,701) (428,128)
CASH FLOWS FORM FINANCING ACTIVITIES      
Reverse recapitalization 236,017
Proceeds from Convertible Note 6,564,196
Repayments of Convertible Note (4,864,016)
Proceeds from bank borrowings 3,902,331 2,732,935 2,021,099
Repayments of bank borrowings (3,905,110) (1,313,504) (1,382,075)
Proceeds from Long-term bank borrowings 847,422  
Repayments of Long-term bank borrowings (4,330) (320,231) (148,610)
Repayments of amounts due to shareholders (234,928)
Repayments of financing lease liabilities (18,398) (29,038)
Proceeds from borrowings from related parties 939,297 412,935 117,464
Repayment of borrowings from related parties (262,860) (134,908) (354,745)
Proceeds from borrowings from third parties 122,295
Proceeds from financing sale and leaseback 1,426,385 422,956 371,459
Repayments of financing sale and leaseback (564,670) (359,991) (382,847)
Proceeds from a vehicle mortgage loan 29,722
Repayments of a vehicle mortgage loan (7,505) (15,255) (7,019)
Proceeds from capital contribution 882,000 605,213
Net cash provided by financing activities 3,582,030 3,135,961 605,695
Effect of exchange rate changes 34,814 (7,455) (124,134)
Net change in cash and cash equivalents (330,698) 507,420 (76,430)
Cash and cash equivalents, beginning of the year 924,428 417,008 493,438
Total cash and restricted cash in the statement of cash flow 593,730 924,428 417,008
Reconciliation of cash and restricted cash      
Cash 542,591 924,428 417,008
Restricted cash 51,139
Supplemental disclosures of cash flow information:      
Income tax paid
Interest expense paid 269,855 215,073 216,936
Supplemental disclosures of non-cash activities:      
Reclassification of long-term and short-term borrowings 458,978 445,831 297,220
Shareholders’ debt offset against payment of shares of a subsidiary 100,806
Related parties’ debt offset against payment of shares of a subsidiary 369,624
Related parties’ debt offset against payment of shares of a subsidiary 1,627,729
Shares issued for the acquisition of non-controlling interest 573,032
Real estate properties reclassified (to) from property, plant and equipment (1,896,614) (325,385) (222,322)
Real estate properties reclassified (to) from intangible assets $ (249,721) $ (45,158) $ (19,936)