v3.24.1.1.u2

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (96,569)	$ (109,561)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	22,063	22,703
Deferred tax benefit	(5,426)
Accounts receivable	730,098	(30,658)
Inventories	13,394
Other receivable	2,395
Advance to supplier-related party	58,657
Other current assets	(7,599)	(864,866)
Accounts payable	(643,033)	24,009
Accrued expenses and other payables	(64,262)	10,919
Net cash provided by (used in) operating activities	9,718	(947,454)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(6,135,585)	(42,092,917)
Repayments from a related party	140
Repayments from a third party	1,089,984
Net cash used in investing activities	(5,045,461)	(42,092,917)
CASH FLOWS FROM FINANCING ACTIVITIES
Capital contribution by stockholders		41,102,715
Proceeds from long term loans	6,005,435
Repayments of a loan from a related party	(1,118,701)	(1,539,529)
Proceeds from a loan from a related party	166,144	1,179,963
Net cash provided by financing activities	5,052,878	40,743,149
Effect of exchange rate changes	(17,791)	2,299,299
Net increase (decrease) in cash	(656)	2,077
Cash at beginning of year	895,730	3,141
Cash at end of year	895,074	5,218
Supplemental disclosure of cash flow information
Interest paid	48,087
Interest capitalized	56,943
Supplemental disclosure of non-cash transactions
Increased accounts payable-construction in progress for construction-in-progress	$ 11,588

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