| Schedule of non-controlling investments in solar project companies |
Investee | | Investment Balance at December 31, 2023 | | | Share of Investee’s Net Income | | | Effect of Exchange Rate | | | Investment Balance at June 30, 2024 | | Yilong #2 | | $ | 4,213,276 | | | $ | 127,743 | | | $ | (114,462 | ) | | $ | 4,226,558 | | Xingren | | | 2,031,774 | | | | 49,112 | | | | (55,079 | ) | | | 2,025,807 | | Ancha | | | 3,453,258 | | | | 122,127 | | | | (93,978 | ) | | | 3,481,406 | | Total | | $ | 9,698,308 | | | $ | 298,982 | | | $ | (263,519 | ) | | $ | 9,733,771 | |
Investee | | Investment Balance at December 31, 2022 | | | Share of Investee’s Net Income (Loss) | | | Effect of Exchange Rate | | | Investment Balance at June 30, 2023 | | Yilong #2 | | $ | 3,966,824 | | | $ | 160,679 | | | $ | (202,451 | ) | | $ | 3,925,052 | | Xingren | | | 1,953,048 | | | | 65,763 | | | | (99,070 | ) | | | 1,919,741 | | Ancha | | | 3,134,887 | | | | 208,842 | | | | (163,712 | ) | | | 3,180,017 | | Total | | $ | 9,054,759 | | | $ | 435,284 | | | $ | (465,233 | ) | | $ | 9,024,810 | |
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| Schedule of combined financial statements of non controlling investments |
| | June 30, 2024 | | | December 31, 2023 | | | | (Unaudited) | | | | | Current assets | | $ | 23,653,521 | | | $ | 24,984,444 | | Non-current assets | | | 71,145,542 | | | | 76,024,387 | | Total assets | | $ | 94,799,063 | | | $ | 101,008,831 | | | | | | | | | | | Current liabilities | | $ | 3,237,460 | | | $ | 9,775,803 | | Noncurrent liabilities | | | 58,807,988 | | | | 58,680,520 | | Members’ capital | | | 32,753,615 | | | | 32,552,508 | | Total liabilities and members’ capital | | $ | 94,799,063 | | | $ | 101,008,831 | |
| | Six Months Ended June 30, | | | | 2024 | | | 2023 | | | | (Unaudited) | | Revenue | | $ | 4,678,640 | | | $ | 5,529,652 | | Gross profit | | | 1,967,492 | | | | 2,912,896 | | Net income | | $ | 996,607 | | | $ | 1,450,947 | |
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