| Property, plant, and equipment, net |
| 9. | Property,
plant, and equipment, net |
Property,
plant, and equipment, net consist of the following:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| At Cost: | |
| | |
| |
| Land | |
$ | 72,324 | | |
$ | 73,306 | |
| Real
property and building | |
| 8,616,300 | | |
| 8,733,267 | |
| Machinery
and equipment | |
| 4,891,835 | | |
| 4,958,242 | |
| Vehicle | |
| 56,155 | | |
| 56,918 | |
| Construction
in progress | |
| 28,892 | | |
| - | |
| Subtotal | |
| 13,665,506 | | |
| 13,821,733 | |
| Less:
Accumulated depreciation | |
| (3,380,937 | ) | |
| (2,528,969 | ) |
| Total,
net | |
$ | 10,284,569 | | |
$ | 11,292,764 | |
Depreciation
expenses for the years ended December 31, 2025, 2024 and 2023 were $907,254, $899,091, and $686,724, respectively as follows:
| | |
Years
Ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Depreciation expenses-Selling,
general and admin | |
$ | 205,504 | | |
$ | 425,056 | | |
$ | 221,376 | |
| Depreciation-Manufacturing
costs (1) | |
| 701,750 | | |
| 474,035 | | |
| 465,348 | |
| Total | |
$ | 907,254 | | |
$ | 899,091 | | |
$ | 686,724 | |
| (1) | Represents total depreciation incurred for manufacturing operations, which is capitalized into cost of inventory. |
For
the years ended December 31, 2025, 2024 and 2023, no impairment loss was recognized for the Company’s property, plant and
equipment.
|