Trade and Bills Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2023

Trade and Bills Receivable, Net [Abstract]

Schedule of Trade and Bills Receivable

Trade and bills receivable as of December 31, 2022 and 2023:

	December 31,			December 31,
	2022			2023
Trade receivable	$	23,422,733		$	29,368,296
Less: Allowance for credit losses		(2,274,513	)		(3,198,249	)
		21,148,220			26,170,047
Bills receivable		6,265,355			2,483,000
	$	27,413,575		$	28,653,047

Schedule of Analysis of the Allowance for the Credit Losses

An analysis of the allowance for the credit losses are as follows:

Balance as at December 31, 2022	$	2,274,513
Adoption of ASC Topic 326		-
Balance as at January 1, 2023		2,274,513
Current period provision, net		1,012,404
Reversal – recoveries by cash		(10,250	)
Written-off		(14,661	)
Foreign exchange adjustment		(63,757	)
Balance as at December 31, 2023	$	3,198,249