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Notes Payable
6 Months Ended
Jun. 30, 2024
Notes Payable [Abstract]  
Notes payable

(10) Notes payable

 

As of June 30, 2024, the Company had bank acceptance notes of $429,451 from the Cangzhou to suppliers for settling purchases of raw materials. The acceptance notes are used to essentially extend the payment of accounts payable and are issued under the banking facilities obtained from bank. The bank acceptance notes from the bank bore interest rate at nil% per annum and 0.05% of notes amount as handling change. The acceptance notes will become due and payable on July 16, 2024.