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BANK LOANS (Tables)
9 Months Ended
Sep. 30, 2024
Bank Loans  
Schedule of short-term bank loans
                              
  

September 30, 2024

(unaudited)

  

Interest

rate

   Due date  

December 31,

2023

  

Interest

rate

   Due date 
Agricultural Bank of China Funan Branch  $812,174.06    4.50%   4/06/25   $845,416    3.70%   4/10/24 
Anhui Funan Rural Commercial Bank   1,994,813    5.60%   12/22/24    1,972,637    5.90%   12/22/24 
Anhui Funan Rural Commercial Bank   854,920    5.60%   3/28/25    1,409,026    5.90%   3/28/24 
Anhui Funan Rural Commercial Bank   1,424,867    5.60%   1/25/25    845,416    5.90%   1/25/24 
Industrial and Commercial Bank of China, Funan (1)   712,433    3.45%   10/12/24    704,513    3.45%   10/12/24 
Bank of China Funan Branch (2)   1,139,893    3.60%   3/13/25    1,127,220    3.60%   3/13/25 
Total  $6,939,101    -    -   $6,904,228    -    - 

 

(1) $712,433 and $704,513 of loans from Industrial and Commercial Bank of China, Funan were pledged by fixed assets as of September 30, 2024 and December 31, 2023, respectively.

(2) $1,139,893 and $1,127,220 of loans from Bank of China were pledged by fixed assets as of September 30, 2024 and December 31, 2023, respectively.