v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Mar. 31, 2024 |
Sep. 30, 2023 |
Mar. 31, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2023 |
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| Cash flows from operating activities: | Â | Â | Â | Â | Â | Â | Â |
| Net loss | $ (1,222,116) | $ (876,205) | $ (884,943) | $ (1,144,489) | $ (3,203,137) | $ (3,048,961) | Â |
| Adjustments to reconcile net income to net cash provided by operating activities: | Â | Â | Â | Â | Â | Â | Â |
| Depreciation | 246,374 | Â | 144,701 | Â | 596,701 | 396,388 | $ 545,549 |
| Amortization | Â | Â | Â | Â | 26,552 | Â | |
| Gain on disposal of fixed asset | Â | Â | (8,920) | Â | |||
| Changes in assets and liabilities: | Â | Â | Â | Â | Â | Â | Â |
| Accounts receivable | Â | Â | Â | Â | (36,397) | Â | |
| Inventories | Â | Â | Â | Â | (3,654) | 390 | Â |
| Other assets | Â | Â | Â | Â | 825,960 | (564,775) | Â |
| Accounts payable and accrued expenses | Â | Â | Â | Â | 199,483 | (3,118) | Â |
| Due to related party | Â | Â | Â | Â | 1,746,620 | (142,106) | Â |
| Other payables | Â | Â | Â | Â | 1,012,591 | 59,785 | Â |
| Net cash provided by (used in) operating activities | Â | Â | Â | Â | 1,164,719 | (3,311,317) | Â |
| Cash flows from investing activities: | Â | Â | Â | Â | Â | Â | Â |
| Purchases of property and equipment | Â | Â | Â | Â | (437,042) | (1,339,132) | Â |
| Acquisition of LV entities | Â | Â | Â | Â | (1,800,000) | Â | |
| Net cash used in investing activities | Â | Â | Â | Â | (2,237,042) | (1,339,132) | Â |
| Cash flows from financing activities: | Â | Â | Â | Â | Â | Â | Â |
| Advance from line of credit | Â | Â | Â | Â | 500,000 | Â | |
| Proceeds from borrowings for acquisition of LV entities | Â | Â | Â | Â | 900,000 | 812,000 | Â |
| Proceeds from borrowings | Â | Â | Â | Â | 1,138,164 | Â | |
| Repayments on bank notes payables | Â | Â | Â | Â | (451,655) | (645,280) | Â |
| Repayment of loan payable to financial institutions | Â | Â | Â | Â | (414,300) | Â | |
| Proceeds from sale of common shares | Â | Â | Â | Â | 149,852 | Â | |
| Net cash provided by financing activities | Â | Â | Â | Â | 1,322,061 | 666,720 | Â |
| Net increase (decrease) in cash | Â | Â | Â | Â | 249,738 | (3,983,729) | Â |
| Cash – beginning of period |  | $ 1,462,326 |  | $ 6,138,786 | 1,462,326 | 6,138,786 | 6,138,786 |
| Cash – end of period | $ 1,712,064 |  | $ 2,155,057 |  | 1,712,064 | 2,155,057 | $ 1,462,326 |
| Supplemental disclosures of non-cash financing activities: | Â | Â | Â | Â | Â | Â | Â |
| Note payable to related party | Â | Â | Â | Â | 600,000 | Â | |
| Convertible notes to related party | Â | Â | Â | Â | 1,200,000 | Â | |
| Cash paid during the periods for: | Â | Â | Â | Â | Â | Â | Â |
| Interest | Â | Â | Â | Â | 401,861 | 186,877 | Â |
| Income taxes | Â | Â | Â | Â | $ 33,437 | $ 29,068 | Â |
| X | ||||||||||
- Definition Cash paid abstract. No definition available.
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| X | ||||||||||
- Definition Convertible notes to related party. No definition available.
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| X | ||||||||||
- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after refund, of cash paid to foreign, federal, state, and local jurisdictions as income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of increase (decrease) in obligations classified as other, payable within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The fair value of notes issued in noncash investing and financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of cash inflow from debt classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow to settle a bank borrowing during the year. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow for short-term and long-term debt. Excludes payment of lease obligation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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