Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Summary of Significant Accounting Policies [Line Items] |
|
| Schedule of Exchange Rates |
The following
are the exchange rates that were used in translating the Company’s PRC subsidiaries’ financial statements into the consolidated
financial statements:
| | |
For
the Years Ended December 31 | |
| | |
2025 | | |
2024 | | |
2023 | |
| Period Ended
spot | |
| US$1=RMB 6.9931 | | |
| US$1=RMB 7.2993 | | |
| US$1=RMB 7.0999 | |
| Period Average | |
| US$1=RMB 7.1875 | | |
| US$1=RMB 7.1957 | | |
| US$1=RMB 7.0809 | |
|
| Schedule of Property, Plant and Equipment Items |
The Company calculates depreciation using the straight-line
method, after consideration of the estimated residual values, over the following estimated useful lives: | Category | | Useful lives | | Estimated residual value | | | Buildings | | 20 years | | | 10 | % | | Machinery and Equipment | | 10 years | | | 10 | % | | Motor vehicles | | 5 years | | | 10 | % | | Electronic Equipment | | 5 years | | | 10 | % | | Office Equipment | | 3 years | | | 10 | % | | Inspection Equipment | | 5 years | | | 10 | % |
|
| Schedule of Amortization of Finite-Lived Intangible Assets |
Amortization of finite-lived intangible assets is computed using the straight-line method over the estimated useful lives, which is as
follows: | Category | | Useful lives | | Land use rights | | 50 years | | Patent | | 5 years | | Trademark | | 10 years |
|
| Schedule of Type of Revenue |
The Company’s disaggregated revenues are
represented by three categories which are type of goods and type of customers. | | | For the year ended December 31, | | | | | 2025 | | | 2024 | | | 2023 | | | | | US$ | | | US$ | | | US$ | | | Self-manufactured disposable medical devices | | | 27,280,190 | | | | 47,606,340 | | | | 48,196,669 | | | Resales of disposable medical devices from third party manufacturers | | | 32,891,767 | | | | 49,303,302 | | | | 48,902,246 | | | SaaS development service | | | 1,620,000 | | | | - | | | | - | | | Total Revenue | | | 61,791,957 | | | | 96,909,642 | | | | 97,098,915 | |
|
| Schedule of Sale Model |
type of customers
| | |
For the year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Direct sales of disposable medical devices | |
| 5,821,022 | | |
| 6,766,636 | | |
| 8,077,373 | |
| Distributors sales of disposable medical devices | |
| 54,350,935 | | |
| 90,143,006 | | |
| 89,021,542 | |
| SaaS development service | |
| 1,620,000 | | |
| - | | |
| - | |
| Total Revenue | |
| 61,791,957 | | |
| 96,909,642 | | |
| 97,098,915 | |
|
| Schedule of Disclosed Type of Revenue by Government Category |
The Company has disclosed the type of revenue by government category
as follows.
| | |
December 31, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Category | |
Produced | | |
Purchased | | |
Total | | |
Produced | | |
Purchased | | |
Total | | |
Produced | | |
Purchased | | |
Total | |
| Class I | |
| 4,769,620 | | |
| 6,050,564 | | |
| 10,820,184 | | |
| 10,462,456 | | |
| 10,462,508 | | |
| 20,924,964 | | |
| 6,259,470 | | |
| 8,695,782 | | |
| 14,955,252 | |
| Class II | |
| 20,520,326 | | |
| 21,833,480 | | |
| 42,353,806 | | |
| 34,093,194 | | |
| 34,353,345 | | |
| 68,446,539 | | |
| 37,515,249 | | |
| 35,188,004 | | |
| 72,703,253 | |
| Class III | |
| 243,414 | | |
| 1,476,435 | | |
| 1,719,849 | | |
| 524,269 | | |
| 1,199,091 | | |
| 1,723,360 | | |
| 895,344 | | |
| 1,572,707 | | |
| 2,468,051 | |
| Others | |
| 1,746,830 | | |
| 3,531,288 | | |
| 5,278,118 | | |
| 2,526,422 | | |
| 3,288,357 | | |
| 5,814,779 | | |
| 3,526,606 | | |
| 3,445,753 | | |
| 6,972,359 | |
| SaaS service and development | |
| - | | |
| 1,620,000 | | |
| 1,620,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Total | |
| 27,280,190 | | |
| 34,511,767 | | |
| 61,791,957 | | |
| 47,606,341 | | |
| 49,303,301 | | |
| 96,909,642 | | |
| 48,196,669 | | |
| 48,902,246 | | |
| 97,098,915 | |
|
| Schedule of Disclosed Revenue by Major Product Type Included in Each Government Category |
Class I, II, and III medical devices are defined
by the National Medical Products Administration of China according to their risk levels under the Regulation on the Supervision and Administration
of Medical Devices (2021 Revision), Article 6 as follows:
| | |
| |
December 31, | | |
December 31, | | |
December 31, | |
| Category | |
Products | |
2025 | | |
2024 | | |
2023 | |
| |
| |
US$ | | |
US$ | | |
US$ | |
| Class I | |
Eye drops bottle | |
| 1,303,463 | | |
| 1,540,486 | | |
| 1,904,140 | |
| | |
Oral medicine bottle | |
| 1,910,040 | | |
| 2,804,649 | | |
| 2,900,606 | |
| | |
Anal bag | |
| 1,800,714 | | |
| 3,528,487 | | |
| 1,527,406 | |
| | |
Other Class I | |
| 5,805,967 | | |
| 13,051,342 | | |
| 8,623,100 | |
| Subtotal-Class I | |
| |
| 10,820,184 | | |
| 20,924,964 | | |
| 14,955,252 | |
| Class II | |
Masks | |
| 109,356 | | |
| 150,666 | | |
| 55,428 | |
| | |
Identification tape | |
| 7,865,318 | | |
| 13,627,229 | | |
| 11,386,775 | |
| | |
Disposable medical brush | |
| 5,211,035 | | |
| 9,836,287 | | |
| 8,808,084 | |
| | |
Gynecological inspection kits | |
| 5,842,794 | | |
| 8,122,799 | | |
| 7,453,735 | |
| | |
Surgical kit | |
| 965,559 | | |
| 2,583,310 | | |
| 3,327,658 | |
| | |
Medical brush | |
| 2,175,817 | | |
| 5,110,705 | | |
| 5,776,772 | |
| | |
Medical kit | |
| 846,914 | | |
| 1,667,447 | | |
| 2,614,953 | |
| | |
Other Class II | |
| 19,337,013 | | |
| 27,348,096 | | |
| 33,279,848 | |
| Subtotal-Class II | |
| |
| 42,353,806 | | |
| 68,446,539 | | |
| 72,703,253 | |
| Class III | |
Electronic pump | |
| 127,276 | | |
| 145,123 | | |
| 225,510 | |
| | |
Anesthesia puncture kit | |
| 224,032 | | |
| 335,460 | | |
| 326,671 | |
| | |
Disposable infusion pump | |
| 127,368 | | |
| 130,059 | | |
| 176,061 | |
| | |
Infusion pump | |
| 37,858 | | |
| 112,523 | | |
| 304,978 | |
| | |
Electronic infusion pump | |
| 2,859 | | |
| 3,987 | | |
| 967 | |
| | |
Laparoscopic trocar | |
| 41 | | |
| 31,206 | | |
| 44,783 | |
| | |
Other Class III | |
| 1,200,415 | | |
| 965,002 | | |
| 1,389,081 | |
| Subtotal-Class III | |
| |
| 1,719,849 | | |
| 1,723,360 | | |
| 2,468,051 | |
| Others | |
| |
| 5,278,118 | | |
| 5,814,779 | | |
| 6,972,359 | |
| SaaS service and development | |
| |
| 1,620,000 | | |
| - | | |
| - | |
| Total | |
| |
| 61,791,957 | | |
| 96,909,642 | | |
| 97,098,915 | |
|