BANK LOANS (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Debt Disclosure [Abstract] |
|
| SCHEDULE OF SHORT TERM AND LONG TERM LOAN |
Short-term
and long-term loans consisted of the following as of June 30, 2026 and December 31, 2025:
SCHEDULE
OF SHORT TERM AND LONG TERM LOAN
| | |
As of
June 30, | | |
As of
December 31, | |
| | |
2026 | | |
2025 | |
| Short-term loans | |
$ | 4,377,238 | | |
$ | 2,817,062 | |
| Current portion, Long-term loans | |
| 163,140 | | |
| 151,429 | |
| Total Short-term | |
| 4,540,378 | | |
| 2,968,491 | |
| Non-current portion, Long-term loans | |
| 14,990 | | |
| 95,441 | |
| Total | |
$ | 4,555,368 | | |
$ | 3,063,932 | |
|
| SCHEDULE OF SHORT TERM LOAN |
Short-term
loans consisted of the following as of June 30, 2026:
SCHEDULE
OF SHORT TERM LOAN
| Bank Name | |
Amount-RMB | | |
Amount - USD | | |
Issuance Date | |
Expiration Date | |
Interest | |
| Bank of Nanjing Co., Ltd., Wuxi Branch | |
| 4,000,000 | | |
| 589,528 | | |
2025/9/25 | |
2026/9/23 | |
| 3.10 | % |
| China Construction Bank Corporation, Tianjin Wuqing Sub-branch | |
| 5,000,000 | | |
| 736,909 | | |
2025/7/8 | |
2026/7/8 | |
| 3.45 | % |
| Industrial and Commercial Bank of China Limited, Wuxi Xishan Sub-branch | |
| 2,200,000 | | |
| 324,240 | | |
2025/12/30 | |
2026/12/30 | |
| 2.70 | % |
| Agricultural Bank of China Limited, Wuxi Liangxi Sub-branch | |
| 3,500,000 | | |
| 515,836 | | |
2025/12/27 | |
2026/10/25 | |
| 3.05 | % |
| Bank of China Limited, Tianjin Wuqing Sub-branch | |
| 10,000,000 | | |
| 1,473,816 | | |
2026/1/5 | |
2027/1/5 | |
| 2.80 | % |
| Bank of China Limited, Wuxi Huishan Sub-branch | |
| 5,000,000 | | |
| 736,909 | | |
2026/3/30 | |
2027/3/17 | |
| 2.80 | % |
| Total | |
| 29,700,000 | | |
| 4,377,238 | | |
| |
| |
| | |
|
| SCHEDULE OF MATURITY ANALYSIS |
The
following is a maturity analysis of long-term loans as of June 30, 2026:
SCHEDULE
OF MATURITY ANALYSIS
| | |
RMB | | |
USD | |
| Twelve months period ended June 30, | |
| | | |
| | |
| 2027 | |
| 1,106,919 | | |
| 163,140 | |
| 2028 | |
| 101,710 | | |
| 14,990 | |
| Total long-term loans | |
| 1,208,629 | | |
$ | 178,130 | |
|