v3.26.1
Inventories, Net
 12 Months Ended
Dec. 31, 2025
Inventories, Net [Abstract]  
Inventories, net

Note 7 – Inventories, net

 

   As of
December 31,		   As of
December 31,		 
   2025   2024 
Finished goods  $3,806,078   $10,169,630 
Work in process   920,335    884,503 
Raw materials   13,522,132    17,358,597 
    18,248,545    28,412,730 
Less: inventory write-down   (14,605,587)   (27,815,614)
Inventories, net  $3,642,958   $597,116 

 

During the years ended December 31, 2025, 2024 and 2023, the Company recorded write-down for the potentially obsolete, slow-moving inventories and lower of cost or market adjustment of US$49,476, US$272,316 and US$340,186 in cost of revenues, respectively.