IT Tech Packaging (ITP) 10-Q 12 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	IT TECH PACKAGING, INC.
Entity Central Index Key	0001358190
Entity File Number	001-34577
Entity Tax Identification Number	20-4158835
Entity Incorporation, State or Country Code	NV
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	Science Park
Entity Address, Address Line Two	Juli Rd
Entity Address, Address Line Three	Xushui District
Entity Address, City or Town	Baoding City
Entity Address, Country	CN
Entity Address, Postal Zip Code	072550
Entity Phone Fax Numbers [Line Items]
City Area Code	(86)
Local Phone Number	312-8698215
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	ITP
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		10,065,920

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and bank balances	$ 5,144,414	$ 3,918,938
Restricted cash	899,508	472,983
Accounts receivable (net of allowance for doubtful accounts of $61,000 and $11,745 as of June 30, 2024 and December 31, 2023, respectively)	2,638,219	575,526
Inventories	5,282,420	3,555,235
Prepayments and other current assets	18,246,164	18,981,290
Total current assets	33,430,278	28,357,901
Operating lease right-of-use assets, net	476,771	528,648
Property, plant, and equipment, net	155,624,752	163,974,022
Value-added tax recoverable	1,830,425	1,883,078
Deferred tax asset non-current
Total Assets	191,362,226	194,743,649
Current Liabilities
Short-term bank loans	841,893	423,567
Current portion of long-term loans	6,817,927	6,874,497
Lease liability	103,568	100,484
Accounts payable		4,991
Advance from customers	73,386	136,167
Notes payable	429,451
Accrued payroll and employee benefits	369,565	237,842
Other payables and accrued liabilities	13,135,687	12,912,517
Income taxes payable	415,635
Total current liabilities	22,918,598	21,418,934
Long-term loans	4,490,094	4,503,932
Lease liability - non-current	498,718	483,866
Derivative liability	5	54
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $21,006,676 and $20,084,995 as of June 30, 2024 and December 31, 2023, respectively)	27,907,415	26,406,786
Commitments and Contingencies
Stockholders’ Equity
Common stock, 50,000,000 shares authorized, $0.001 par value per share, 10,065,920 shares issued and outstanding as of June 30, 2024 and December, 31, 2023.	10,066	10,066
Additional paid-in capital	89,172,771	89,172,771
Statutory earnings reserve	6,080,574	6,080,574
Accumulated other comprehensive loss	(11,613,303)	(10,555,534)
Retained earnings	79,804,703	83,628,986
Total stockholders’ equity	163,454,811	168,336,863
Total Liabilities and Stockholders’ Equity	191,362,226	194,743,649
Related Party
Current Assets
Due from related parties	1,219,553	853,929
Current Liabilities
Due to related parties	$ 731,486	$ 728,869

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts (in Dollars)	$ 61,000	$ 11,745
Consolidated VIE, liabilities (in Dollars)	$ 21,006,676	$ 20,084,995
Common stock, shares authorized	50,000,000	50,000,000
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued	10,065,920	10,065,920
Common stock, shares outstanding	10,065,920	10,065,920

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 26,249,788	$ 30,019,914	$ 33,113,629	$ 49,810,791
Cost of sales	(22,984,488)	(28,840,056)	(29,449,216)	(48,907,932)
Gross Profit	3,265,300	1,179,858	3,664,413	902,859
Selling, general and administrative expenses	(2,717,548)	(1,323,405)	(6,618,331)	(3,818,767)
Loss on impairment of assets		(375,136)		(375,136)
Income (Loss) from Operations	547,752	(518,683)	(2,953,918)	(3,291,044)
Other Income (Expense):
Interest income	2,807	53,637	4,990	189,905
Interest expense	(211,551)	(270,681)	(421,841)	(519,850)
Gain (Loss) on derivative liability	15	(166,506)	49	(14,409)
Income (Loss) before Income Taxes	339,023	(902,233)	(3,370,720)	(3,635,398)
Provision for Income Taxes	(416,770)	(351,260)	(453,563)	(351,260)
Net Loss	(77,747)	(1,253,493)	(3,824,283)	(3,986,658)
Other Comprehensive Loss
Foreign currency translation adjustment	(756,150)	(9,063,695)	(1,057,769)	(6,560,939)
Total Comprehensive Loss	$ (833,897)	$ (10,317,188)	$ (4,882,052)	$ (10,547,597)
Losses Per Share:
Basic Losses per Share (in Dollars per share)	$ (0.008)	$ (0.12)	$ (0.38)	$ (0.4)
Outstanding – Basic (in Shares)	10,065,920	10,065,920	10,065,920	10,065,920

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Diluted Losses per Share	$ (0.008)	$ (0.12)	$ (0.38)	$ (0.4)
Outstanding – Diluted	10,065,920	10,065,920	10,065,920	10,065,920

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net income	$ (3,824,283)	$ (3,986,658)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,862,883	7,150,057
(Gain) Loss on derivative liability	(49)	14,409
Loss from disposal and impairment of property, plant and equipment		501,934
(Recovery from) Allowance for bad debts	49,462	(830,847)
Allowances for inventories, net	(2,948)
Deferred tax
Changes in operating assets and liabilities:
Accounts receivable	(2,121,357)	(1,674,665)
Prepayments and other current assets	660,470	7,634,922
Inventories	(1,751,011)	(3,940,417)
Accounts payable	(4,974)	127,215
Advance from customers	(62,107)	10,567
Notes payable	430,624
Related parties	(369,287)	(90,617)
Accrued payroll and employee benefits	133,504	154,398
Other payables and accrued liabilities	928,640	743,936
Income taxes payable	416,770	(67,515)
Net Cash Provided by Operating Activities	1,346,337	5,746,719
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(62,640)	(5,565,713)
Proceeds from sale of property, plant and equipment
Acquisition of land
Net Cash Used in Investing Activities	(62,640)	(5,565,713)
Cash Flows from Financing Activities:
Proceeds from issuance of shares and warrants, net
Proceeds from short term bank loans	844,191	860,919
Proceeds from long term loans		2,582,756
Repayment of bank loans	(422,095)	(507,942)
Payment of capital lease obligation		(112,136)
Loan to a related party (net)
Net Cash Provided by Financing Activities	422,096	2,823,597
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(53,792)	(548,712)
Net Increase in Cash and Cash Equivalents	1,652,001	2,455,891
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	4,391,921	9,524,868
Cash, Cash Equivalents and Restricted Cash - End of Period	6,043,922	11,980,759
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of capitalized interest cost	278,188	199,014
Cash paid for income taxes	36,793	418,775
Cash and bank balances	5,144,414	11,980,759
Restricted cash	899,508
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 6,043,922	$ 11,980,759

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($)	Common Stock	Additional Paid-in Capital	Statutory Earnings Reserve	Accumulated Other Comprehensive Income (loss)	Retained Earnings	Total
Balance at Dec. 31, 2022	$ 10,066	$ 89,172,771	$ 6,080,574	$ (7,514,540)	$ 93,575,021	$ 181,323,892
Balance (in Shares) at Dec. 31, 2022	10,065,920
Foreign currency translation adjustment				(6,560,939)		(6,560,939)
Net loss					(3,986,658)	(3,986,658)
Balance at Jun. 30, 2023	$ 10,066	89,172,771	6,080,574	(14,075,479)	89,588,363	170,776,295
Balance (in Shares) at Jun. 30, 2023	10,065,920
Balance at Dec. 31, 2023	$ 10,066	89,172,771	6,080,574	(10,555,534)	83,628,986	$ 168,336,863
Balance (in Shares) at Dec. 31, 2023	10,065,920					10,065,920
Foreign currency translation adjustment				(1,057,769)		$ (1,057,769)
Net loss					(3,824,283)	(3,824,283)
Balance at Jun. 30, 2024	$ 10,066	$ 89,172,771	$ 6,080,574	$ (11,613,303)	$ 79,804,703	$ 163,454,811
Balance (in Shares) at Jun. 30, 2024	10,065,920					10,065,920

Organization and Business Backg

Organization and Business Background	6 Months Ended
	Jun. 30, 2024
Organization and Business Background [Abstract]
Organization and Business Background	(1) Organization and Business Background IT Tech Packaging, Inc. (the “Company”) was incorporated in the State of Nevada on December 9, 2005, under the name “Carlateral, Inc.” Through the steps described immediately below, we became the holding company for Hebei Baoding Dongfang Paper Milling Company Limited (“Dongfang Paper”), a producer and distributor of paper products in China, on October 29, 2007. Effective on August 1, 2018, we changed our corporate name to IT Tech Packaging, Inc.. The name change was effected through a parent/subsidiary short-form merger of IT Tech Packaging, Inc., our wholly-owned Nevada subsidiary formed solely for the purpose of the name change, with and into us. We were the surviving entity. In connection with the name change, our common stock began being traded under a new NYSE symbol, “ITP,” and a new CUSIP number, 46527C100, at such time. On June 9, 2022, the Board of Directors of the Company approved a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-10 (the “Reverse Stock Split”). The Reverse Stock Split become effective on July 7, 2022 (the “Effective Date”), and the shares began trading on the split-adjusted basis on the NYSE American under the Company’s existing trading symbol “ITP” at market open on July 8, 2022. The new CUSIP number following the Reverse Stock Split is 46527C 209. All references made to share or per share amounts in the accompanying consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the effects of the Reverse Stock Split. On October 29, 2007, pursuant to an agreement and plan of merger (the “Merger Agreement”), the Company acquired DongfangZhiye Holding Limited (“Dongfang Holding”), a corporation formed on November 13, 2006 under the laws of the British Virgin Islands, and issued the shareholders of Dongfang Holding an aggregate of 7,450,497 (as adjusted for a four-for-one reverse stock split effected in November 2009) shares of our common stock, which shares were distributed pro-rata to the shareholders of Dongfang Holding in accordance with their respective ownership interests in Dongfang Holding. At the time of the Merger Agreement, Dongfang Holding owned all of the issued and outstanding stock and ownership of Dongfang Paper and such shares of Dongfang Paper were held in trust with Zhenyong Liu, Xiaodong Liu and Shuangxi Zhao, for Mr. Liu, Mr. Liu and Mr. Zhao (the original shareholders of Dongfang Paper) to exercise control over the disposition of Dongfang Holding’s shares in Dongfang Paper on Dongfang Holding’s behalf until Dongfang Holding successfully completed the change in registration of Dongfang Paper’s capital with the relevant PRC Administration of Industry and Commerce as the 100% owner of Dongfang Paper’s shares. As a result of the merger transaction, Dongfang Holding became a wholly owned subsidiary of the Company, and Dongfang Holding’s wholly owned subsidiary, Dongfang Paper, became an indirectly owned subsidiary of the Company. Dongfang Holding, as the 100% owner of Dongfang Paper, was unable to complete the registration of Dongfang Paper’s capital under its name within the proper time limits set forth under PRC law. In connection with the consummation of the restructuring transactions described below, Dongfang Holding directed the trustees to return the shares of Dongfang Paper to their original shareholders, and the original Dongfang Paper shareholders entered into certain agreements with Baoding Shengde Paper Co., Ltd. (“Baoding Shengde”) to transfer the control of Dongfang Paper over to Baoding Shengde. On June 24, 2009, the Company consummated a number of restructuring transactions pursuant to which it acquired all of the issued and outstanding shares of Shengde Holdings Inc., a Nevada corporation. Shengde Holdings Inc. was incorporated in the State of Nevada on February 25, 2009. On June 1, 2009, Shengde Holdings Inc. incorporated Baoding Shengde, a limited liability company organized under the laws of the PRC. Because Baoding Shengde is a wholly-owned subsidiary of Shengde Holdings Inc., it is regarded as a wholly foreign-owned entity under PRC law. To ensure proper compliance of the Company’s control over the ownership and operations of Dongfang Paper with certain PRC regulations, on June 24, 2009, the Company entered into a series of contractual agreements (the “Contractual Agreements”) with Dongfang Paper and Dongfang Paper Equity Owners via the Company’s wholly owned subsidiary Shengde Holdings Inc. (“Shengde Holdings”) a Nevada corporation and Baoding Shengde Paper Co., Ltd. (“Baoding Shengde”), a wholly foreign-owned enterprise in the PRC with an original registered capital of $10,000,000 (subsequently increased to $60,000,000 in June 2010). Baoding Shengde is mainly engaged in production and distribution of digital photo paper and single-use face masks and is 100% owned by Shengde Holdings. Prior to February 10, 2010, the Contractual Agreements included (i) Exclusive Technical Service and Business Consulting Agreement, which generally provides that Baoding Shengde shall provide exclusive technical, business and management consulting services to Dongfang Paper, in exchange for service fees including a fee equivalent to 80% of Dongfang Paper’s total annual net profits; (ii) Loan Agreement, which provides that Baoding Shengde will make a loan in the aggregate principal amount of $10,000,000 to Dongfang Paper Equity Owners in exchange for each such shareholder agreeing to contribute all of its proceeds from the loan to the registered capital of Dongfang Paper; (iii) Call Option Agreement, which generally provides, among other things, that Dongfang Paper Equity Owners irrevocably grant to Baoding Shengde an option to purchase all or part of each owner’s equity interest in Dongfang Paper. The exercise price for the options shall be RMB1 which Baoding Shengde should pay to each of Dongfang Paper Equity Owner for all their equity interests in Dongfang Paper; (iv) Share Pledge Agreement, which provides that Dongfang Paper Equity Owners will pledge all of their equity interests in Dongfang Paper to Baoding Shengde as security for their obligations under the other agreements described in this section. Specifically, Baoding Shengde is entitled to dispose of the pledged equity interests in the event that Dongfang Paper Equity Owners breach their obligations under the Loan Agreement or Dongfang Paper fails to pay the service fees to Baoding Shengde pursuant to the Exclusive Technical Service and Business Consulting Agreement; and (v) Proxy Agreement, which provides that Dongfang Paper Equity Owners shall irrevocably entrust a designee of Baoding Shengde with such shareholder’s voting rights and the right to represent such shareholder to exercise such owner’s rights at any equity owners’ meeting of Dongfang Paper or with respect to any equity owner action to be taken in accordance with the laws and Dongfang Paper’s Articles of Association. The terms of the agreement are binding on the parties for as long as Dongfang Paper Equity Owners continue to hold any equity interest in Dongfang Paper. A Dongfang Paper Equity Owner will cease to be a party to the agreement once it transfers its equity interests with the prior approval of Baoding Shengde. As the Company had controlled Dongfang Paper since July 16, 2007 through Dongfang Holding and the trust until June 24, 2009 and continued to control Dongfang Paper through Baoding Shengde and the Contractual Agreements, the execution of the Contractual Agreements is considered as a business combination under common control. On February 10, 2010, Baoding Shengde and the Dongfang Paper Equity Owners entered into a Termination of Loan Agreement to terminate the above- mentioned $10,000,000 Loan Agreement. Because of the Company’s decision to fund future business expansions through Baoding Shengde instead of Dongfang Paper, the $10,000,000 loan contemplated was never made prior to the point of termination. The parties believe the termination of the Loan Agreement does not in itself compromise the effective control of the Company over Dongfang Paper and its businesses in the PRC. An agreement was also entered into among Baoding Shengde, Dongfang Paper and the Dongfang Paper Equity Owners on December 31, 2010, reiterating that Baoding Shengde is entitled to 100% of the distributable profit of Dongfang Paper, pursuant to the above- mentioned Contractual Agreements. In addition, Dongfang Paper and the Dongfang Paper Equity Owners shall not declare any of Dongfang Paper’s unappropriated earnings as dividend, including the unappropriated earnings of Dongfang Paper from its establishment to 2010 and thereafter. On June 25, 2019, Dongfang Paper entered into an acquisition agreement with the shareholder of Tengsheng Paper Co., Ltd. (“Tengsheng Paper”), a limited liability company organized under the laws of the PRC, pursuant to which Dongfang Paper would acquire Tengsheng Paper. Full payment of the consideration in the amount of RMB320 million (approximately $45 million) was made on February 23, 2022. QianrongQianhui Hebei Technology Co., Ltd, a wholly owned subsidiary of Shengde holding, was incorporated on July 15, 2021. It is a service provider of high quality material solutions for textile, cosmetics and paper production. The Company has no direct equity interest in Dongfang Paper. However, through the Contractual Agreements described above, the Company is found to be the primary beneficiary (the “Primary Beneficiary”) of Dongfang Paper and is deemed to have the effective control over Dongfang Paper’s activities that most significantly affect its economic performance, resulting in Dongfang Paper and its subsidiary, being treated as a controlled variable interest entity of the Company in accordance with Topic 810 - Consolidation of the Accounting Standards Codification (the “ASC”) issued by the FinancialAccounting Standard Board (the “FASB”). The revenue generated from Dongfang Paper and Tengsheng Paper for the three months ended June 30, 2024 and 2023 was accounted for 100% and 99.72% of the Company’s total revenue, respectively. The revenue generated from Dongfang Paper and Tengsheng Paper for the six months ended June 30, 2024 and 2023 was accounted for 100% and 99.84% of the Company’s total revenue, respectively. Dongfang Paper and Tengsheng Paper also accounted for 95.13% and 94.93% of the total assets of the Company as of June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 and December 31, 2023, details of the Company’s subsidiaries and variable interest entities are as follows: Name Date of Place of Percentage of Principal Subsidiary: Dongfang Holding November 13, 2006 BVI 100% Inactive investment holding Shengde Holdings February 25, 2009 State of Nevada 100% Investment holding Baoding Shengde June 1, 2009 PRC 100% Paper production and distribution Qianrong July 15, 2021 PRC 100% New material technology service Variable interest entity (“VIE”): Dongfang Paper March 10, 1996 PRC Control* Paper production and distribution Tengsheng Paper April 07, 2011 PRC Control** Paper production and distribution * Dongfang Paper is treated as a 100% controlled variable interest entity of the Company. ** Tengsheng Paper is 100% subsidiary of Dongfang Paper. However, uncertainties in the PRC legal system could cause the Company’s current ownership structure to be found to be in violation of any existing and/or future PRC laws or regulations and could limit the Company’s ability, through its subsidiary, to enforce its rights under these contractual arrangements. Furthermore, shareholders of the VIE may have interests that are different than those of the Company, which could potentially increase the risk that they would seek to act contrary to the terms of the aforementioned agreements. In addition, if the current structure or any of the contractual arrangements were found to be in violation of any existing or future PRC law, the Company may be subject to penalties, which may include, but not be limited to, the cancellation or revocation of the Company’s business and operating licenses, being required to restructure the Company’s operations or being required to discontinue the Company’s operating activities. The imposition of any of these or other penalties may result in a material and adverse effect on the Company’s ability to conduct its operations. In such case, the Company may not be able to operate or control the VIE, which may result in deconsolidation of the VIE. The Company believes the possibility that it will no longer be able to control and consolidate its VIE will occur as a result of the aforementioned risks and uncertainties is remote. The Company has aggregated the financial information of Dongfang Paper in the table below. The aggregate carrying value of Dongfang Paper’s assets and liabilities (after elimination of intercompany transactions and balances) in the Company’s condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023 are as follows: The Company and its consolidated subsidiaries are not required to provide financial support to the VIE, and no creditor (or beneficial interest holders) of the VIE have recourse to the assets of Company unless the Company separately agrees to be subject to such claims. There are no terms in any agreements or arrangements, implicit or explicit, which require the Company or its subsidiaries to provide financial support to the VIE. However, if the VIE does require financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to the VIE. June 30, December 31, 2024 2023 ASSETS Current Assets Cash and bank balances $ 4,603,402 $ 2,807,608 Restricted cash 899,508 472,983 Accounts receivable 2,638,219 575,526 Inventories 5,282,420 3,555,235 Prepayments and other current assets 17,353,714 18,617,351 Due from related parties 287,384 289,173 Total current assets 31,064,647 26,317,876 Operating lease right-of-use assets, net 476,771 528,648 Property, plant, and equipment, net 150,495,716 158,027,099 Deferred tax asset non-current - - Total Assets $ 182,037,134 $ 184,873,623 LIABILITIES Current Liabilities Short-term bank loans $ 420,946 $ - Current portion of long-term loans 4,993,826 2,780,014 Lease liability 103,568 100,484 Accounts payable - 4,991 Advance from customers 73,386 136,167 Accrued payroll and employee benefits 329,583 231,568 Other payables and accrued liabilities 11,925,967 11,843,973 Income taxes payable 415,635 - Total current liabilities 18,262,911 15,097,197 Long-term loans 2,245,047 4,503,932 Lease liability - non-current 498,718 483,866 Total liabilities $ 21,006,676 $ 20,084,995

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and Significant Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	(2) Basis of Presentation and Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q. Accordingly, certain information and notes required by the United States of America generally accepted accounting principles (“GAAP”) for annual financial statements are not included herein. These interim statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2023 of the Company, and its subsidiaries and variable interest entity (which we sometimes refer to collectively as “the Company”, “we”, “us” or “our”). Principles of Consolidation Our unaudited condensed consolidated financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of June 30, 2024 and the results of operations for the six months ended June 30, 2024 are not necessarily indicative of the results to be expected for any future period. Our unaudited condensed consolidated financial statements are prepared in accordance with GAAP. These accounting principles require us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that the estimates, judgments and assumptions are reasonable, based on information available at the time they are made. Actual results could differ materially from those estimates. Valuation of long-lived asset The Company reviews the carrying value of long-lived assets to be held and used when events and circumstances warrants such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset and intangible assets. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets and intangible assets to be disposed are determined in a similar manner, except that fair market values are reduced for the cost to dispose. Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts that the Company could realize in a current market exchange. As of June 30, 2024 and December 31, 2023, the carrying value of the Company’s short term financial instruments, such as cash and cash equivalents, accounts receivable, accounts and notes payable, short-term bank loans, balance due to a related party and obligation under capital lease, approximate at their fair values because of the short maturity of these instruments; while loans from credit union and loans from a related party approximate at their fair value as the interest rates thereon are close to the market rates of interest published by the People’s Bank of China. Management determined that liabilities created by beneficial conversion features associated with the issuance of certain warrants (see “ Derivative liabilities” Non-Recurring Fair Value Measurements The Company reviews long-lived assets for impairment annually or more frequently if events or changes in circumstances indicate the possibility of impairment. For the continuing operations, long-lived assets are measured at fair value on a nonrecurring basis when there is an indicator of impairment, and they are recorded at fair value only when impairment is recognized. For discontinued operations, long-lived assets are measured at the lower of carrying amount or fair value less cost to sell. The fair value of these assets were determined using models with significant unobservable inputs which were classified as Level 3 inputs, primarily the discounted future cash flow. Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2024
Restricted Cash [Abstract]
Restricted Cash	(3) Restricted Cash Out of the restricted cash, $429,451 as of June 30, 2024 was presented for the cash deposited at the Bank of Cangzhou for purpose of securing the bank acceptance notes from this bank (see Note (10)). The restriction will be lifted upon the maturity of the notes payable on July 16, 2024. Restricted cash of $470,057 and $472,983 as of June 30, 2024 and December 31, 2023 was presented for the cash deposited at the Industrial and Commercial Bank of China of Tengsheng Paper. The deposit was restricted due to the personal legal proceeding of Mr. Ping, the Legal Representative of Tengsheng Paper.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Inventories	(4) Inventories Raw materials inventory includes mainly recycled paper board and recycled white scrap paper. Finished goods include mainly products of corrugating medium paper, offset printing paper and tissue paper products. Inventories consisted of the following as of June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 Raw Materials Recycled paper board $ 3,462,147 $ 198,744 Recycled white scrap paper 10,581 10,647 Gas 65,761 21,428 Base paper and other raw materials 180,653 142,149 3,719,142 372,968 Semi-finished Goods 298,349 300,207 Finished Goods 1,264,929 2,885,019 Total inventory, gross 5,282,420 3,558,194 Inventory reserve - (2,959 ) Total inventory, net $ 5,282,420 $ 3,555,235

Prepayments and Other Current A

Prepayments and Other Current Assets	6 Months Ended
	Jun. 30, 2024
Prepayments and Other Current Assets [Abstract]
Prepayments and other current assets	(5) Prepayments and other current assets Prepayments and other current assets consisted of the following as of June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 Prepayment for purchase of materials $ 4,879,907 $ 5,446,823 Value-added tax recoverable 13,268,074 13,409,459 Prepaid gas 87,028 116,372 Others 11,155 8,636 $ 18,246,164 $ 18,981,290

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, net	(6) Property, plant and equipment, net As of June 30, 2024 and December 31, 2023, property, plant and equipment consisted of the following: June 30, December 31, 2024 2023 Land use rights $ 81,000,265 $ 81,504,608 Building and improvements 67,156,279 67,939,059 Machinery and equipment 157,513,260 158,629,858 Vehicles 346,054 348,209 Construction in progress - - Totals 306,015,858 308,421,734 Less: accumulated depreciation and amortization (150,391,106 ) (144,447,712 ) Property, Plant and Equipment, net $ 155,624,752 $ 163,974,022 As of June 30, 2024 and December 31, 2023, land use rights represented twenty three parcels of state-owned lands located in Xushui District and Wei County of Hebei Province in China, with lease terms of 50 years expiring in 2061 and 2068, respectively. As of June 30, 2024 and December 31, 2023, certain property, plant and equipment of Dongfang Paper with net values of $ nil Depreciation and amortization of property, plant and equipment was $3,381,095 and $3,463,814 for the three months ended June 30, 2024 and 2023, respectively. Depreciation and amortization of property, plant and equipment was $6,862,883 and $7,150,057 for the six months ended June 30, 2024 and 2023, respectively.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	(7) Leases Financing with Sale-Leaseback The Company entered into a sale-leaseback arrangement (the “Lease Financing Agreement”) with TAC Leasing Co., Ltd.(“TLCL”) on August 6, 2020, for a total financing proceeds in the amount of RMB 16 million (approximately US$2.3 million). Under the sale-leaseback arrangement, Tengsheng Paper sold the Leased Equipment to TLCL for 16 million (approximately US$2.3 million). Concurrent with the sale of equipment, Tengsheng Paper leases back the equipment sold to TLCL for a lease term of three years. At the end of the lease term, Tengsheng Paper may pay a nominal purchase price of RMB 100 (approximately $14) to TLCL and buy back the Leased Equipment. The Leased Equipment in amount of $2,349,452 was recorded as right of use assets and the net present value of the minimum lease payments was recorded as lease liability and calculated with TLCL’s implicit interest rate of 15.6% per annum and stated at $567,099 at the inception of the lease on August 17, 2020. Tengsheng Paper made payments due according to the schedule. On July 17, 2023, the Company made a final payment on outstanding obligations and bought back the Lease Equipment at nominal price according to the agreement. The lease assets were reclassified as own assets and balance of Leased Equipment net of amortization were $ nil Amortization of the Leased Equipment was $ nil nil nil nil Operating lease lessor The Company has a non-cancellable agreement to lease plant to tenant under operating lease for 1 year from November 2023 to November 2024. The lease does not contain contingent payments. The rental income of the year was paid in advance by the tenant in December 2023. Operating lease as lessee The Company leases space under non-cancelable operating leases for plant and production equipment. The lease does not have significant rent escalation holidays, concessions, leasehold improvement incentives, or other build-out clauses. Further, the lease does not contain contingent rent provisions. The lease include option to renew in condition that it is agreed by the landlord before expiry. Therefore, the majority of renewals to extend the lease terms are not included in its right-of-use assets and lease liabilities as they are not reasonably certain of exercise. The Company regularly evaluate the renewal options and when they are reasonably certain of exercise, the Company includes the renewal period in its lease term. As the Company’s leases do not provide an implicit rate, it uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. The components of the Company’s lease expense are as follows: Six Months June 30, RMB Operating lease cost 70,158 Short-term lease cost - Lease cost 70,158 Supplemental cash flow information related to its operating leases was as follows for the period ended June 30, 2024: Cash paid for amounts included in the measurement of lease liabilities: Six Months June 30, RMB Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases - Maturities of its lease liabilities for all operating leases are as follows as of June 30, 2024: June 30, Amount 2025 140,315 2026 140,315 2027 140,315 2028 140,315 2029 140,315 Thereafter - Total operating lease payments $ 701,577 Less: Interest (99,291 ) Present value of lease liabilities 602,286 Less: current portion, record in current liabilities (103,568 ) Present value of lease liabilities 498,718 The weighted average remaining lease terms and discount rates for all of its operating leases were as follows as of June 30, 2024: June 30, 2024 RMB Remaining lease term and discount rate: Weighted average remaining lease term (years) 4.1 Weighted average discount rate 7.56 %

Loans Payable

Loans Payable	6 Months Ended
	Jun. 30, 2024
Loans Payable [Abstract]
Loans Payable	(8) Loans Payable Short-term bank loans June 30, December 31, 2024 2023 Bank of Cangzhou 1 $ 140,315 $ - Bank of Cangzhou 2 280,631 - Industrial and Commercial Bank of China (“ICBC”) Loan 1 - 2,824 ICBC Loan 2 - 70,594 ICBC Loan 3 - 350,149 ICBC Loan 4 2,806 - ICBC Loan 5 140,316 - ICBC Loan 6 140,316 - ICBC Loan 7 137,509 - Total short-term bank loans $ 841,893 $ 423,567 On December 31, 2023, the Company entered into a working capital loan agreement with the Bank of Cangzhou, to borrow $140,315 at a fixed interest rate of 5.5% per annum. The loan is secured by certain of the Company’s manufacturing equipment with net book value of $276,269 as of June 30, 2024. The loan will be due by December 30, 2024. On December 31, 2023, the Company entered into a working capital loan agreement with the Bank of Cangzhou, to borrow $280,631 at a fixed interest rate of 5.5% per annum. The loan will be due by December 30, 2024. On September 15, 2023, the Company entered into a working capital loan agreement with the ICBC, with a balance of $ nil On September 22, 2023, the Company entered into a working capital loan agreement with the ICBC, with a balance of $ nil On September 22, 2023, the Company entered into a working capital loan agreement with the ICBC, with a balance of $ nil On June 11, 2024, the Company entered into a working capital loan agreement with the ICBC, with a balance of $2,806 as of June 30, 2024. The loan bears a fixed interest rate of 3.45% per annum. The loan will be due by June 11, 2025. On June 21, 2024, the Company entered into a working capital loan agreement with the ICBC, with a balance of $140,316 as of June 30, 2024. The loan bears a fixed interest rate of 3.45% per annum. The loan will be due by June 21, 2025. On June 22, 2024, the Company entered into a working capital loan agreement with the ICBC, with a balance of $140,316 as of June 30, 2024. The loan bears a fixed interest rate of 3.45% per annum. The loan will be due by June 22, 2025. On June 24, 2024, the Company entered into a working capital loan agreement with the ICBC, with a balance of $137,509 as of June 30, 2024. The loan bears a fixed interest rate of 3.45% per annum. The loan will be due by June 24, 2025. As of June 30, 2024, there were guaranteed short-term borrowings of $ nil nil The average short-term borrowing rates for the three months ended June 30, 2024 and 2023 were approximately 4.45% and 4.83%. The average short-term borrowing rates for the six months ended June 30, 2024 and 2023 were approximately 4.46% and 4.77%. Long-term loans As of June 30, 2024 and December 31, 2023, long-term loans were $11,308,021 and $11,378,429, respectively. June 30, December 31, 2024 2023 Rural Credit Union of Xushui District Loan 1 $ 3,506,482 $ 3,528,315 Rural Credit Union of Xushui District Loan 2 2,245,047 2,259,026 Rural Credit Union of Xushui District Loan 3 1,824,101 1,835,458 Rural Credit Union of Xushui District Loan 4 2,525,678 2,541,404 Rural Credit Union of Xushui District Loan 5 1,206,713 1,214,226 Total 11,308,021 11,378,429 Less: Current portion of long-term loans (6,817,927 ) (6,874,497 ) Long-term loans $ 4,490,094 $ 4,503,932 As of June 30, 2024, the Company’s long-term debt repayments for the next coming years were as follows: Amount Fiscal year Remainder of 2024 $ 6,817,927 2025 3,367,571 2026 & after 1,122,523 Total 11,308,021 On July 15, 2013, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 5 years, which was originally due and payable in various installments from December 21, 2013 to July 26, 2018. On June 21, 2018, the loan was extended for additional 5 years and was due and payable in various installments from December 21, 2018 to June 20, 2023. On August 24, 2023, the loan was extended for another 3 years and will be due and payable on August 24, 2026. The loan is secured by certain of the Company’s manufacturing equipment with net book value of $ nil On April 17, 2019, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 2 years, which was due and payable in various installments from August 21, 2019 to April 16, 2021. The loan was renewed on March 22, 2021,December 24, 2021 and April 16, 2024 and extended for additional 5 years in total, which is due on April 15, 2026 according to the new schedule. The loan is secured by Tengsheng Paper with its land use right as collateral for the benefit of the credit union. Interest payment is due quarterly and bore a rate of 7.68% per annum. Effective from November 15, 2022, the interest rate was reduced to 7% per annum. As of June 30, 2024 and December 31, 2023, the total outstanding loan balance was $2,245,047 and $2,259,026, respectively, which are presented as non-current liabilities and current liabilities, respectively, in the consolidated balance sheet as of June 30, 2024 and December 31, 2023. On December 12, 2019, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 2 years, which is due and payable in various installments from June 21, 2020 to December 11, 2021. The loan was renewed on March 22, 2021 and December 24, 2021 and extended for additional 3 years in total, which will be due on December 11, 2024 according to the new schedule. The loan is secured by Tengsheng Paper with its land use right as collateral for the benefit of the credit union. Interest payment is due monthly and bore a rate of 7.56% per annum. Effective from November 15, 2022, the interest rate was reduced to 7% per annum. As of June 30, 2024 and December 31, 2023, the total outstanding loan balance was $1,824,101 and $1,835,458, respectively, which are presented as current liabilities in the consolidated balance sheet as of June 30, 2024 and December 31, 2023. On February 26, 2023, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 2 years, which is due and payable in various installments from August 21, 2023 to February 24, 2025. The loan is secured by Dongfang Paper with its land use right as collateral for the benefit of the credit union. Interest payment is due monthly and bore a rate of 7% per annum. As of June 30, 2024 and December 31, 2023, the total outstanding loan balance was $2,525,678 and $2,541,404. Out of the total outstanding loan balance, current portion amounted was $2,525,678 and $1,284,820, which is presented as current liabilities in the consolidated balance sheet and the remaining balance of $ nil On December 5, 2023, the Company entered into a loan agreement with the Rural Credit Union of Xushui District for a term of 3 years, which was due in various installments from June 21, 2024 to December 5, 2026. The loan was guaranteed by an independent third party. Interest payment was due monthly and bore a rate of 7% per annum. As of June 30, 2024 and December 31, 2023, total outstanding loan balance was $1,206,713 and $1,214,226, respectively. Out of the total outstanding loan balance, current portion amounted $505,136 and $225,903, which is presented as current liabilities and the remaining balance of $701,577 and $988,323 is presented as non-current liabilities in the consolidated balance sheet as of June 30, 2024 and December 31, 2023, respectively. Total interest expenses for the short-term bank loans and long-term loans for the three months ended June 30, 2024 and 2023 were $211,551 and $268,499, respectively. Total interest expenses for the short-term bank loans and long-term loans for the six months ended June 30, 2024 and 2023 were $421,841 and $513,179, respectively.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	(9) Related Party Transactions Mr. Zhenyong Liu, the Company’s CEO has loaned money to Dongfang Paper for working capital purposes over a period of time. On January 1, 2013,Dongfang Paper and Mr. Zhenyong Liu renewed the three-year term loan previously entered on January 1, 2010, and extended the maturity date further to December 31, 2015. On December 31, 2015, the Company paid off the loan of $2,249,279, together with interest of $391,374 for the period from 2013 to 2015. Approximately $359,676 and $361,915 of interest were outstanding to Mr. Zhenyong Liu, which were recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet as of June 30, 2024 and December 31, 2023, respectively. On December 10, 2014, Mr. Zhenyong Liu provided a loan to the Company, amounted to $8,742,278 to Dongfang Paper for working capital purpose with an interest rate of 4.35% per annum, which was based on the primary lending rate of People’s Bank of China. The unsecured loan was provided on December 10, 2014, and would be originally due on December 10, 2017. During the year of 2016, the Company repaid $6,012,416 to Mr. Zhenyong Liu, together with interest of $288,596. In February 2018, the Company paid off the remaining balance, together with interest of $20,400. As of June 30, 2024 and December 31, 2023, approximately $42,095 and $42,357 of interest, respectively, were outstanding to Mr. Zhenyong Liu, which was recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet. On March 1, 2015, the Company entered an agreement with Mr. Zhenyong Liu which allows Dongfang Paper to borrow from the CEO an amount up to $17,201,342 (RMB120,000,000) for working capital purposes. The advances or funding under the agreement are due three years from the date each amount is funded. The loan is unsecured and carries an annual interest rate set on the basis of the primary lending rate of the People’s Bank of China at the time of the borrowing. On July 13, 2015, an unsecured amount of $4,324,636 was drawn from the facility. On October 14, 2016 an unsecured amount of $2,883,091 was drawn from the facility. In February 2018, the Company repaid $1,507,432 to Mr. Zhenyong Liu. The loan would be originally due on July 12, 2018. Mr. Zhenyong Liu agreed to extend the loan for additional 3 years and the remaining balance will be due on July 12, 2021. On November 23, 2018, the company repaid $3,768,579 to Mr. Zhenyong Liu, together with interest of $158,651. In December 2019, the company paid off the remaining balance, together with interest of 94,636. As of June 30, 2024 and December 31, 2023, the outstanding interest was $192,846 and $194,047, respectively, which was recorded in other payables and accrued liabilities as part of the current liabilities in the consolidated balance sheet. As of June 30, 2024 and December 31, 2023, total amount of loans due to Mr. Zhenyong Liu were $ nil nil In October 2022 and November 2022, the Company entered into two agreements with Mr. Zhenyong Liu, which allowed Mr. Zhenyong Liu to borrow from the Company an amount of $7,059,455 (RMB50,000,000) in total. The loans were unsecured and carried a fixed interest rate of 4.35% per annum. $4,235,673 (RMB30,000,000) was repaid by Mr. Zhengyong Liu in August 2023 and the remaining balance was repaid in December 2023. Interest income of the loan for the six months ended June 30, 2024 and 2023 were $ nil As of June 30, 2024 and December 31, 2023, amount due to shareholder was $727,433, which represents funds from shareholders to pay for various expenses incurred in the U.S. The amount is due on demand with interest free.

Notes Payable

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

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	6 Months Ended
	Jun. 30, 2024
Other payables and accrued liabilities [Abstract]
Other payables and accrued liabilities	(11) Other payables and accrued liabilities June 30, December 31, 2024 2023 Accrued electricity $ 115,216 $ 3,054 Value-added tax payable 68,138 696 Accrued interest to a related party 594,617 598,319 Payable for purchase of property, plant and equipment 11,054,912 11,175,858 Accrued commission to salesmen 14,869 47,040 Accrued bank loan interest 1,207,344 1,070,708 Others 80,591 16,842 Totals $ 13,135,687 $ 12,912,517

Derivative Liabilities

Derivative Liabilities	6 Months Ended
	Jun. 30, 2024
Derivative Liabilities [Abstract]
Derivative Liabilities	(12) Derivative Liabilities The Company analyzed the warrant for derivative accounting consideration under ASC 815, “Derivatives and Hedging, and hedging,” and determined that the instrument should be classified as a liability since the warrant becomes effective at issuance resulting in there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. ASC 815 requires we assess the fair market value of derivative liability at the end of each reporting period and recognize any change in the fair market value as other income or expense item. The Company determined its derivative liabilities to be a Level 3 fair value measurement and used the Black-Scholes pricing model to calculate the fair value as of June 30, 2024. The Black-Scholes model requires six basic data inputs: the exercise or strike price, time to expiration, the risk-free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each warrant is estimated using the Black-Scholes valuation model. The following weighted-average assumptions were used in the June 30, 2024: Six months June 30, Expected term 0.68 - 2.75 Expected average volatility 84% - 102% Expected dividend yield - Risk-free interest rate 0.19% - 4.71% The following table summarizes the changes in the derivative liabilities during the six months ended June 30, 2024: Fair Value Measurements Using Significant Observable Inputs (Level 3) Balance at December 31, 2023 $ 54 Change in fair value of derivative liability (49 ) Balance at June 30, 2024 $ 5

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2024
Common Stocks [Abstract]
Common Stock	(13) Common Stock Issuance of common stock to investors On January 20, 2021, the Company offered and sold to certain institutional investors an aggregate of 2,618,182 shares of common stock and 2,618,182 warrants to purchase up to 2,618,182 shares of common stock in a best-efforts public offering for gross proceeds of approximately $14.4 million. The purchase price for each share of common stock and the corresponding warrant was $5.5. The exercise price of the warrant was $5.5 per share. On March 1, 2021, the Company offered and sold to the public investors an aggregate of 2,927,786 shares of common stock and 1,463,893 warrants to purchase up to 1,463,893 shares of common stock in a firm commitment underwritten public offering for gross proceeds of approximately $21.9 million. The purchase price for each share of common stock and accompanying warrant was $7.5. The exercise price of the warrant was $7.5 per share. Reverse stock split On June 9, 2022, the Board of Directors of the Company approved the Reverse Stock Split, at a ratio of 1-for-10, pursuant to Section 78.207 of the Nevada Revised Statutes (“NRS”). The Reverse Stock Split was affected by the Company filing of a Certificate of Change Pursuant to NRS 78.209 with the Secretary of State of the State of Nevada on July 7, 2022. The par value per share of our stock remains unchanged at $0.001 per share after the Reverse Stock Split. All references made to share or per share amounts in the accompanying consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the effects of the Reverse Stock Split.

Warrants

Warrants	6 Months Ended
	Jun. 30, 2024
Warrants [Abstract]
Warrants	(14) Warrants On April 29, 2020, the Company and certain institutional investors entered into a securities purchase agreement, as amended on May 4, 2020 (the “2020 Purchase Agreement”), pursuant to which the Company agreed to sell to such investors an aggregate of 440,000 shares of common stock and warrants to purchase up to 440,000 shares of common stock in a concurrent private placement (the “May 2020 Warrants”). The exercise price of the May 2020 Warrant is $7.425 per share. These warrants become exercisable on July 23, 2020 and have a term of exercise equal to five years and six months from the date of issuance till July 23, 2025. 88,000 May 2020 Warrants were exercised in February 2021 at the exercise price of $7.425 per share and 352,000 May 2020 Warrants were outstanding as of June 30, 2024. On January 20, 2021, the Company offered and sold to certain institutional investors an aggregate of 2,618,182 shares of common stock and 2,618,182 warrants to purchase up to 2,618,182 shares of common stock (the “January 2021 Warrants”). The January 2021 Warrants became exercisable on January 20, 2021 at an exercise price of $5.5 and will expire on January 20, 2026. 1,410,690 January 2021 Warrants were exercised in January and February of 2021 at the exercise price of $5.5 per share. 1,207,492 January 2021 Warrants were outstanding as of June 30, 2024. On March 1, 2021, the Company offered and sold to the public investors an aggregate of 2,927,786 shares of common stock and 1,463,893 warrants to purchase up to 1,463,893 shares of common stock (the “March 2021 Warrants”). The March 2021 Warrants became exercisable on March 1, 2021 at an exercise price of $7.5 and will expire on March 1, 2026. 6,750 March 2021 Warrants were exercised in January and March 2021 at the exercise price of $7.5 per share and 1,457,143 March 2021 Warrants were outstanding as of June 30, 2024. The Company classified warrants as liabilities and accounted for the issuance of the warrants as a derivative. A summary of stock warrant activities is as below: Six months ended Number Weight Outstanding and exercisable at beginning of the period 3,016,635 $ 6.6907 Issued during the period - Exercised during the period - Cancelled or expired during the period - Outstanding and exercisable at end of the period 3,016,635 $ 6.6907 The following table summarizes information relating to outstanding and exercisable warrants as of June 30, 2024. Warrants Outstanding Warrants Exercisable Number of Weighted Average Remaining Weighted Average Number of Weighted Average 3,016,635 1.59 $ 6.6907 3,016,635 $ 6.6907 Aggregate intrinsic value is the sum of the amounts by which the quoted market price of the Company’s stock exceeded the exercise price of the warrants at June 30, 2024 for those warrants for which the quoted market price was in excess of the exercise price (“in-the-money” warrants). The intrinsic value of the warrants as of June 30, 2024 and December 31, 2023 are nil

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	(15) Earnings Per Share For the three months ended June 30, 2024 and 2023, basic and diluted net loss per share are calculated as follows: Three Months Ended 2024 2023 Basic loss per share Net loss for the period - numerator $ (77,747 ) $ (1,253,493 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Net loss per share $ (0.008 ) $ (0.12 ) Diluted income per share Net income for the period - numerator $ (77,747 ) $ (1,253,493 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Effect of dilution - - Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Diluted loss per share $ (0.008 ) $ (0.12 ) For the six months ended June 30, 2024 and 2023, basic and diluted net loss per share are calculated as follows: Six Months Ended 2024 2023 Basic loss per share Net loss for the period - numerator $ (3,824,283 ) $ (3,986,658 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Net loss per share $ (0.38 ) $ (0.40 ) Diluted loss per share Net loss for the period - numerator $ (3,824,283 ) $ (3,986,658 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Effect of dilution - - Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Diluted loss per share $ (0.38 ) $ (0.40 ) For the three and six months ended June 30, 2024 and 2023 there were no securities with dilutive effect issued and outstanding.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Income Taxes	(16) Income Taxes United States The Company may be subject to the United States of America Tax laws at a tax rate of 21%. No provision for the US federal income taxes has been made as the Company had no US taxable income for the second quarter ended June 30, 2024 and 2023, and management believes that its earnings are permanently invested in the PRC. PRC Dongfang Paper and Baoding Shengde are PRC operating companies and are subject to PRC Enterprise Income Tax. Pursuant to the PRC New Enterprise Income Tax Law, Enterprise Income Tax is generally imposed at a statutory rate of 25%. The provisions for income taxes for three months ended June 30, 2024 and 2023 were as follows: Three Months Ended June 30, 2024 2023 Provision for Income Taxes Current Tax Provision U.S. $ $ - Current Tax Provision PRC 416,770 351,260 Deferred Tax Provision PRC - - Total Provision for (Deferred tax benefit)/ Income Taxes $ 416,770 $ 351,260 The provisions for income taxes for six months ended June 30, 2024 and 2023 were as follows: Six Months Ended June 30, 2024 2023 Provision for Income Taxes Current Tax Provision U.S. $ 36,793 $ - Current Tax Provision PRC 416,770 351,260 Deferred Tax Provision PRC - - Total Provision for (Deferred tax benefit)/ Income Taxes $ 453,563 $ 351,260 In addition to the reversible future PRC income tax benefits stemming from the timing differences of items such as recognition of asset disposal gain or loss and asset depreciation, the Company was incorporated in the United States and incurred net operating losses of approximately $62,499 and $530,581 for U.S. income tax purposes for the years ended December 31, 2023 and 2022, respectively. The net operating loss carried forward may be available to reduce future years’ taxable income. These carry forwards would expire, if not utilized, during the period of 2030 through 2035. As of June 30, 2024, management believed that the realization of all the U.S. income tax benefits from these losses, which generally would generate a deferred tax asset if it can be expected to be utilized in the future, appears not more than likely due to the Company’s limited operating history and continuing losses for United States income tax purposes. Accordingly, As of June 30, 2024 and December 31, 2023, the Company provided a 100% valuation allowance on the U.S. deferred tax asset benefit to reduce the total deferred tax asset to the amount realizable for the PRC income tax purposes. Management reviews this valuation allowance periodically and will make adjustments as warranted. A summary of the otherwise deductible (or taxable) deferred tax items is as follows: June 30, December 31, 2024 2023 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 17,753,892 $ 16,922,756 Impairment of property, plant and equipment 581,757 585,380 Miscellaneous 648,269 135,714 Net operating loss carryover of PRC company 156,717 274,525 (Gain) Loss on asset disposal (63,669 ) (64,065 ) Total deferred tax assets 19,076,967 17,854,310 Less: Valuation allowance (19,076,967 ) (17,854,310 ) Total deferred tax assets, net $ - - During the three months ended June 30, 2024 and 2023, the effective income tax rate was estimated by the Company to be 122.9% and -38.9%, respectively Three Months Ended June 30, 2024 2023 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction Effect of tax and book difference (15.4 )% (121.4 )% Change in valuation allowance 113.3 % 57.5 % Effective income tax rate 122.9 % (38.9 )% During the six months ended June 30, 2024 and 2023, the effective income tax rate was estimated by the Company to be -13.5% and -9.7%, respectively Six Months Ended June 30, 2024 2023 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction Effect of tax and book difference (2.2 )% (42.7 )% Change in valuation allowance 36.3 % 8.0 % Effective income tax rate (13.5 )% (9.7 )% As of June 30, 2024, except for the one-time transition tax under the 2017 TCJA which imposes a U.S. tax liability on all unrepatriated foreign E&Ps, the Company does not believe that its future dividend policy and the available U.S. tax deductions and net operating losses will cause the Company to recognize any other substantial current U.S. federal or state corporate income tax liability in the near future. Nor does it believe that the amount of the repatriation of the VIE’s earnings and profits for purposes of paying dividends will change the Company’s position that its PRC subsidiary Baoding Shengde and the VIE, Dongfang Paper are considered or are expected to be indefinitely reinvested offshore to support our future capacity expansion. If these earnings are repatriated to the U.S. resulting in U.S. taxable income in the future, or if it is determined that such earnings are to be remitted in the foreseeable future, additional tax provisions would be required. The Company has adopted ASC Topic 740-10-05, Income Taxes. To date, the adoption of this interpretation has not impacted the Company’s financial position, results of operations, or cash flows. The Company performed self-assessment and the Company’s liability for income taxes includes the liability for unrecognized tax benefits, interest and penalties which relate to tax years still subject to review by taxing authorities. Audit periods remain open for review until the statute of limitations has passed, which in the PRC is usually 5 years. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. As of June 30, 2024 and December 31, 2023, management considered that the Company had no uncertain tax positions affecting its consolidated financial position and results of operations or cash flows, and will continue to evaluate for any uncertain position in future. There are no estimated interest costs and penalties provided in the Company’s consolidated financial statements for the six months ended June 30, 2024 and December 31, 2023, respectively. The Company’s tax positions related to open tax years are subject to examination by the relevant tax authorities and the major one is the China Tax Authority.

Stock Incentive Plans

Stock Incentive Plans	6 Months Ended
	Jun. 30, 2024
Stock Incentive Plans [Abstract]
Stock Incentive Plans	(17) Stock Incentive Plans 2023 Incentive Stock Plan On October 31, 2023, the Company’s Annual General Meeting adopted and approved the 2023 Omnibus Equity Incentive Plan of IT Tech Packaging, Inc. (the”2023 ISP”). Under the 2023 ISP, the Company has reserved a total of 1,500,000 shares of common stock for issuance as or under awards to be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries. All shares of common stock under the 2023 ISP, including shares originally authorized by equity holders and shares remaining for future issuance as of June 30, 2024, have been reserved.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	(18) Commitments and Contingencies Xushui Land Lease The Company leases 32.95 acres of land from a local government in Xushui District, Baoding City, Hebei, China through a real estate lease with a 30- year term, which expires on December 31, 2031. The lease requires an annual rental payment of approximately $16,884 (RMB120,000). This lease is renewable at the end of the 30-year term. June 30, Amount 2025 16,838 2026 16,838 2027 16,838 2028 16,838 2029 16,838 Thereafter 42,095 Total operating lease payments 126,285 Sale of Headquarters Compound Real Properties On August 7, 2013, the Company’s Audit Committee and the Board of Directors approved the sale of the land use right of the Headquarters Compound (the “LUR”), the office building and essentially all industrial-use buildings in the Headquarters Compound (the “Industrial Buildings”), and three employee dormitory buildings located within the Headquarters Compound (the “Dormitories”) to Hebei Fangsheng for cash prices of approximately $2.77 million, $1.15 million, and $4.31 million respectively. Sales of the LUR and the Industrial Buildings were completed in year 2013. In connection with the sale of the Industrial Buildings, Hebei Fangsheng agreed to lease the Industrial Buildings back to the Company for its original use with an annual rental payment of approximately $140,698 (RMB1,000,000). The lease was recorded in lease assets and liabilities in the consolidated balance sheet as of June 30, 2024. Capital commitment As of June 30, 2024, the Company has entered into several contracts for the purchase of paper machine of a new tissue paper production line PM10 and the improvement of Industrial Buildings. Total outstanding commitments under these contracts were $3,465,791 and $3,499,936 as of June 30, 2024 and December 31, 2023, respectively. The Company expected to pay off all the balances within 1-3 years. Guarantees and Indemnities The Company agreed with Baoding Huanrun Trading Co., a major supplier of raw materials, to guarantee certain obligations of this third party, and as of June 30, 2024 and December 31, 2023, the Company guaranteed its long-term loan from financial institutions amounting to $4,349,778 (RMB31,000,000) that will mature at various times in 2028. If Huanrun Trading Co., were to become insolvent, the Company could be materially adversely affected.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	(19) Segment Reporting Since March 10, 2010, Baoding Shengde started its operations and thereafter the Company manages its operations through three business operating segments: Dongfang Paper and Tengsheng Paper, which produces offset printing paper, corrugating medium paper and tissue paper, and Baoding Shengde, which produces face masks and digital photo paper. They are managed separately because each business requires different technology and marketing strategies. The Company evaluates performance of its operating segments based on net income. Administrative functions such as finance, treasury, and information systems are centralized. However, where applicable, portions of the administrative function expenses are allocated among the operating segments based on gross revenue generated. The operating segments do share facilities in Xushui County, Baoding City, Hebei Province, China. All sales were sold to customers located in the PRC. Summarized financial information for the three reportable segments is as follows: Three Months Ended June 30, 2024 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Revenues $ 26,212,815 $ 36,973 $ - $ - $ - $ 26,249,788 Gross profit 3,228,326 36,973 - - - 3,265,299 Depreciation and amortization 893,311 2,096,538 391,246 - - 3,381,095 Interest income 2,088 548 170 1 - 2,807 Interest expense 90,393 45,263 72,123 3,772 - 211,551 Income tax expense(benefit) 416,770 - - - - 416,770 Net income (loss) 2,202,788 (2,111,359 ) (82,396 ) (86,780 ) - (77,747 ) Three Months Ended June 30, 2023 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Revenues $ 29,631,400 $ 344,268 $ 44,246 $ - $ - $ 30,019,914 Gross profit 1,893,087 (709,660 ) (3,569 ) - - 1,179,858 Depreciation and amortization 996,939 2,071,666 395,209 - - 3,463,814 Loss on impairment of assets - - 375,136 - - 375,136 Interest income 47,763 844 4,486 544 - 53,637 Interest expense 144,083 53,991 72,607 - - 270,681 Income tax expense(benefit) 351,260 - - - - 351,260 Net income (loss) 937,333 (1,487,869 ) (443,841 ) (259,116 ) - (1,253,493 ) Six Months Ended June 30, 2024 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Revenues $ 33,039,614 74,015 - - - 33,113,629 Gross profit 3,590,661 73,751 - - - 3,664,412 Depreciation and amortization 1,882,583 4,197,079 783,221 - - 6,862,883 Interest income 3,550 1,084 343 13 - 4,990 Interest expense 179,900 90,117 144,368 7,456 - 421,841 Income tax expense(benefit) 416,770 - - 36,793 - 453,563 Net income (loss) 1,068,547 (4,234,116 ) (136,908 ) (521,806 ) - (3,824,283 ) Six Months Ended June 30, 2023 Dongfang Tengsheng Baoding 　 Not Elimination of Enterprise- Paper Paper Shengde 　to Segments Inter-segment consolidated Revenues $ 49,159,596 571,312 79,883 - - 49,810,791 Gross profit 2,332,167 (1,422,900 ) (6,408 ) - - 902,859 Depreciation and amortization 2,137,405 4,209,594 803,058 - - 7,150,057 Loss from impairment and disposal of property, plant and equipment - - 375,136 - - 375,136 Interest income 180,946 1,537 5,721 1,701 - 189,905 Interest expense 290,785 82,565 146,500 - - 519,850 Income tax expense(benefit) 351,260 - - - - 351,260 Net income (loss) 367,869 (3,407,989 ) (543,126 ) (403,412 ) - (3,986,658 ) As of June 30, 2024 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Total assets $ 59,259,853 122,777,281 7,338,286 1,986,806 - 191,362,226 As of December 31, 2023 Dongfang Tengsheng Baoding Not Attributable Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Total assets $ 57,139,592 127,734,031 8,184,902 1,685,124 - 194,743,649

Concentration and Major Custome

Concentration and Major Customers and Suppliers	6 Months Ended
	Jun. 30, 2024
Concentration and Major Customers and Suppliers [Abstract]
Concentration and Major Customers and Suppliers	(20) Concentration and Major Customers and Suppliers For the three and six months ended June 30, 2024 and 2023, the Company had no single customer contributed over 10% of total sales. For the three months ended June 30, 2024, the Company had three major suppliers accounted for 76%, 16% and 7% of total purchases. For the three months ended June 30, 2023, the Company had three major suppliers accounted for 74%, 16% and 6% of total purchases. For the six months ended June 30, 2024, the Company had three major suppliers accounted for 76%, 16% and 7% of total purchases. For the six months ended June 30, 2023, the Company had three major suppliers accounted for 67%, 13% and 10% of total purchases.

Concentration of Credit Risk

Concentration of Credit Risk	6 Months Ended
	Jun. 30, 2024
Concentration of Credit Risk [Abstract]
Concentration of Credit Risk	(21) Concentration of Credit Risk Financial instruments for which the Company is potentially subject to concentration of credit risk consist principally of cash. The Company places its cash in reputable financial institutions in the PRC and the United States. Although it is generally understood that the PRC central government stands behind all of the banks in China in the event of bank failure, there is no deposit insurance system in China that is similar to the protection provided by the Federal Deposit Insurance Corporation (“FDIC”) of the United States as of as of June 30, 2024 and December 31, 2023. On May 1, 2015, the new “Deposit Insurance Regulations” was effective in the PRC that the maximum protection would be up to RMB500,000 ($70,158) per depositor per insured financial intuition, including both principal and interest. For the cash placed in financial institutions in the United States, the Company’s U.S. bank accounts are all fully covered by the FDIC insurance as of June 30, 2024 and December 31, 2023, while for the cash placed in financial institutions in the PRC, the balances exceeding the maximum coverage of RMB500,000 amounted to RMB36,551,963 ($5,128,804) as of June 30, 2024.

Risks and Uncertainties

Risks and Uncertainties	6 Months Ended
	Jun. 30, 2024
Risks and Uncertainties [Abstract]
Risks and Uncertainties	(22) Risks and Uncertainties The Company is subject to substantial risks from, among other things, intense competition associated with the industry in general, other risks associated with financing, liquidity requirements, rapidly changing customer requirements, foreign currency exchange rates, and operating in the PRC under its various laws and restrictions.

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2024
Subsequent Event [Abstract]
Subsequent Event	(23) Subsequent Event None.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (77,747)	$ (1,253,493)	$ (3,824,283)	$ (3,986,658)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our unaudited condensed consolidated financial statements reflect all adjustments, which are, in the opinion of management, necessary for a fair presentation of our financial position and results of operations. Such adjustments are of a normal recurring nature, unless otherwise noted. The balance sheet as of June 30, 2024 and the results of operations for the six months ended June 30, 2024 are not necessarily indicative of the results to be expected for any future period. Our unaudited condensed consolidated financial statements are prepared in accordance with GAAP. These accounting principles require us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that the estimates, judgments and assumptions are reasonable, based on information available at the time they are made. Actual results could differ materially from those estimates.
Valuation of long-lived asset	Valuation of long-lived asset The Company reviews the carrying value of long-lived assets to be held and used when events and circumstances warrants such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset and intangible assets. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets and intangible assets to be disposed are determined in a similar manner, except that fair market values are reduced for the cost to dispose.
Fair Value Measurements	Fair Value Measurements The Company has adopted ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts that the Company could realize in a current market exchange. As of June 30, 2024 and December 31, 2023, the carrying value of the Company’s short term financial instruments, such as cash and cash equivalents, accounts receivable, accounts and notes payable, short-term bank loans, balance due to a related party and obligation under capital lease, approximate at their fair values because of the short maturity of these instruments; while loans from credit union and loans from a related party approximate at their fair value as the interest rates thereon are close to the market rates of interest published by the People’s Bank of China. Management determined that liabilities created by beneficial conversion features associated with the issuance of certain warrants (see “ Derivative liabilities”
Non-Recurring Fair Value Measurements	Non-Recurring Fair Value Measurements The Company reviews long-lived assets for impairment annually or more frequently if events or changes in circumstances indicate the possibility of impairment. For the continuing operations, long-lived assets are measured at fair value on a nonrecurring basis when there is an indicator of impairment, and they are recorded at fair value only when impairment is recognized. For discontinued operations, long-lived assets are measured at the lower of carrying amount or fair value less cost to sell. The fair value of these assets were determined using models with significant unobservable inputs which were classified as Level 3 inputs, primarily the discounted future cash flow.
Share-Based Compensation	Share-Based Compensation The Company uses the fair value recognition provision of ASC Topic 718, Compensation-Stock Compensation The Company also applies the provisions of ASC Topic 505-50, Equity Based Payments to Non-Employees

Organization and Business Bac_2

Organization and Business Background (Tables)	6 Months Ended
	Jun. 30, 2024
Organization and Business Background [Abstract]
Schedule of Subsidiaries and Variable Interest Entities	As of June 30, 2024 and December 31, 2023, details of the Company’s subsidiaries and variable interest entities are as follows: Name Date of Place of Percentage of Principal Subsidiary: Dongfang Holding November 13, 2006 BVI 100% Inactive investment holding Shengde Holdings February 25, 2009 State of Nevada 100% Investment holding Baoding Shengde June 1, 2009 PRC 100% Paper production and distribution Qianrong July 15, 2021 PRC 100% New material technology service Variable interest entity (“VIE”): Dongfang Paper March 10, 1996 PRC Control* Paper production and distribution Tengsheng Paper April 07, 2011 PRC Control** Paper production and distribution * Dongfang Paper is treated as a 100% controlled variable interest entity of the Company. ** Tengsheng Paper is 100% subsidiary of Dongfang Paper.
Schedule of Aggregate Carrying Value of Dongfang Paper’s Assets and Liabilities	The Company and its consolidated subsidiaries are not required to provide financial support to the VIE, and no creditor (or beneficial interest holders) of the VIE have recourse to the assets of Company unless the Company separately agrees to be subject to such claims. There are no terms in any agreements or arrangements, implicit or explicit, which require the Company or its subsidiaries to provide financial support to the VIE. However, if the VIE does require financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to the VIE. June 30, December 31, 2024 2023 ASSETS Current Assets Cash and bank balances $ 4,603,402 $ 2,807,608 Restricted cash 899,508 472,983 Accounts receivable 2,638,219 575,526 Inventories 5,282,420 3,555,235 Prepayments and other current assets 17,353,714 18,617,351 Due from related parties 287,384 289,173 Total current assets 31,064,647 26,317,876 Operating lease right-of-use assets, net 476,771 528,648 Property, plant, and equipment, net 150,495,716 158,027,099 Deferred tax asset non-current - - Total Assets $ 182,037,134 $ 184,873,623 LIABILITIES Current Liabilities Short-term bank loans $ 420,946 $ - Current portion of long-term loans 4,993,826 2,780,014 Lease liability 103,568 100,484 Accounts payable - 4,991 Advance from customers 73,386 136,167 Accrued payroll and employee benefits 329,583 231,568 Other payables and accrued liabilities 11,925,967 11,843,973 Income taxes payable 415,635 - Total current liabilities 18,262,911 15,097,197 Long-term loans 2,245,047 4,503,932 Lease liability - non-current 498,718 483,866 Total liabilities $ 21,006,676 $ 20,084,995

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Schedule of Inventories	Inventories consisted of the following as of June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 Raw Materials Recycled paper board $ 3,462,147 $ 198,744 Recycled white scrap paper 10,581 10,647 Gas 65,761 21,428 Base paper and other raw materials 180,653 142,149 3,719,142 372,968 Semi-finished Goods 298,349 300,207 Finished Goods 1,264,929 2,885,019 Total inventory, gross 5,282,420 3,558,194 Inventory reserve - (2,959 ) Total inventory, net $ 5,282,420 $ 3,555,235

Prepayments and Other Current_2

Prepayments and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Prepayments and Other Current Assets [Abstract]
Schedule of Prepayments and Other Current Assets	Prepayments and other current assets consisted of the following as of June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 Prepayment for purchase of materials $ 4,879,907 $ 5,446,823 Value-added tax recoverable 13,268,074 13,409,459 Prepaid gas 87,028 116,372 Others 11,155 8,636 $ 18,246,164 $ 18,981,290

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment, Net [Abstract]
Schedule of Property, Plant and Equipment	As of June 30, 2024 and December 31, 2023, property, plant and equipment consisted of the following: June 30, December 31, 2024 2023 Land use rights $ 81,000,265 $ 81,504,608 Building and improvements 67,156,279 67,939,059 Machinery and equipment 157,513,260 158,629,858 Vehicles 346,054 348,209 Construction in progress - - Totals 306,015,858 308,421,734 Less: accumulated depreciation and amortization (150,391,106 ) (144,447,712 ) Property, Plant and Equipment, net $ 155,624,752 $ 163,974,022

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Lease Expense	The components of the Company’s lease expense are as follows: Six Months June 30, RMB Operating lease cost 70,158 Short-term lease cost - Lease cost 70,158
Schedule of Leases Liabilities	Cash paid for amounts included in the measurement of lease liabilities: Six Months June 30, RMB Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases -
Schedule of Maturities of its Lease Liabilities	Maturities of its lease liabilities for all operating leases are as follows as of June 30, 2024: June 30, Amount 2025 140,315 2026 140,315 2027 140,315 2028 140,315 2029 140,315 Thereafter - Total operating lease payments $ 701,577 Less: Interest (99,291 ) Present value of lease liabilities 602,286 Less: current portion, record in current liabilities (103,568 ) Present value of lease liabilities 498,718
Schedule of Weighted Average Remaining Lease Terms and Discount Rates	The weighted average remaining lease terms and discount rates for all of its operating leases were as follows as of June 30, 2024: June 30, 2024 RMB Remaining lease term and discount rate: Weighted average remaining lease term (years) 4.1 Weighted average discount rate 7.56 %

Loans Payable (Tables)

Loans Payable (Tables)	6 Months Ended
	Jun. 30, 2024
Loans Payable [Abstract]
Schedule of Short-Term Bank Loans	Short-term bank loans June 30, December 31, 2024 2023 Bank of Cangzhou 1 $ 140,315 $ - Bank of Cangzhou 2 280,631 - Industrial and Commercial Bank of China (“ICBC”) Loan 1 - 2,824 ICBC Loan 2 - 70,594 ICBC Loan 3 - 350,149 ICBC Loan 4 2,806 - ICBC Loan 5 140,316 - ICBC Loan 6 140,316 - ICBC Loan 7 137,509 - Total short-term bank loans $ 841,893 $ 423,567
Schedule of Long-Term Loans	As of June 30, 2024 and December 31, 2023, long-term loans were $11,308,021 and $11,378,429, respectively. June 30, December 31, 2024 2023 Rural Credit Union of Xushui District Loan 1 $ 3,506,482 $ 3,528,315 Rural Credit Union of Xushui District Loan 2 2,245,047 2,259,026 Rural Credit Union of Xushui District Loan 3 1,824,101 1,835,458 Rural Credit Union of Xushui District Loan 4 2,525,678 2,541,404 Rural Credit Union of Xushui District Loan 5 1,206,713 1,214,226 Total 11,308,021 11,378,429 Less: Current portion of long-term loans (6,817,927 ) (6,874,497 ) Long-term loans $ 4,490,094 $ 4,503,932
Schedule of Long-Term Debt Repayments	As of June 30, 2024, the Company’s long-term debt repayments for the next coming years were as follows: Amount Fiscal year Remainder of 2024 $ 6,817,927 2025 3,367,571 2026 & after 1,122,523 Total 11,308,021

Other Payables and Accrued Li_2

Other Payables and Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Other Payables and Accrued Liabilities [Abstract]
Schedule of Other Payables and Accrued Liabilities	June 30, December 31, 2024 2023 Accrued electricity $ 115,216 $ 3,054 Value-added tax payable 68,138 696 Accrued interest to a related party 594,617 598,319 Payable for purchase of property, plant and equipment 11,054,912 11,175,858 Accrued commission to salesmen 14,869 47,040 Accrued bank loan interest 1,207,344 1,070,708 Others 80,591 16,842 Totals $ 13,135,687 $ 12,912,517

Derivative Liabilities (Tables)

Derivative Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Liabilities [Abstract]
Schedule of Weighted-Average Assumptions	The following weighted-average assumptions were used in the June 30, 2024: Six months June 30, Expected term 0.68 - 2.75 Expected average volatility 84% - 102% Expected dividend yield - Risk-free interest rate 0.19% - 4.71%
Schedule of Value Measurements	Value Measurements Using Significant Observable Inputs (Level 3) Balance at December 31, 2023 $ 54 Change in fair value of derivative liability (49 ) Balance at June 30, 2024 $ 5

Warrants (Tables)

Warrants (Tables)	6 Months Ended
	Jun. 30, 2024
Warrants [Abstract]
Schedule of Stock Warrant Activities	A summary of stock warrant activities is as below: Six months ended Number Weight Outstanding and exercisable at beginning of the period 3,016,635 $ 6.6907 Issued during the period - Exercised during the period - Cancelled or expired during the period - Outstanding and exercisable at end of the period 3,016,635 $ 6.6907
Schedule of Outstanding and Exercisable Warrants	The following table summarizes information relating to outstanding and exercisable warrants as of June 30, 2024. Warrants Outstanding Warrants Exercisable Number of Weighted Average Remaining Weighted Average Number of Weighted Average 3,016,635 1.59 $ 6.6907 3,016,635 $ 6.6907

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income Per Share	For the three months ended June 30, 2024 and 2023, basic and diluted net loss per share are calculated as follows: Three Months Ended 2024 2023 Basic loss per share Net loss for the period - numerator $ (77,747 ) $ (1,253,493 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Net loss per share $ (0.008 ) $ (0.12 ) Diluted income per share Net income for the period - numerator $ (77,747 ) $ (1,253,493 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Effect of dilution - - Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Diluted loss per share $ (0.008 ) $ (0.12 ) Six Months Ended 2024 2023 Basic loss per share Net loss for the period - numerator $ (3,824,283 ) $ (3,986,658 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Net loss per share $ (0.38 ) $ (0.40 ) Diluted loss per share Net loss for the period - numerator $ (3,824,283 ) $ (3,986,658 ) Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Effect of dilution - - Weighted average common stock outstanding - denominator 10,065,920 10,065,920 Diluted loss per share $ (0.38 ) $ (0.40 )

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Schedule of Provisions for Income Taxes	The provisions for income taxes for three months ended June 30, 2024 and 2023 were as follows: Three Months Ended June 30, 2024 2023 Provision for Income Taxes Current Tax Provision U.S. $ $ - Current Tax Provision PRC 416,770 351,260 Deferred Tax Provision PRC - - Total Provision for (Deferred tax benefit)/ Income Taxes $ 416,770 $ 351,260 The provisions for income taxes for six months ended June 30, 2024 and 2023 were as follows: Six Months Ended June 30, 2024 2023 Provision for Income Taxes Current Tax Provision U.S. $ 36,793 $ - Current Tax Provision PRC 416,770 351,260 Deferred Tax Provision PRC - - Total Provision for (Deferred tax benefit)/ Income Taxes $ 453,563 $ 351,260
Schedule of Deferred Tax	A summary of the otherwise deductible (or taxable) deferred tax items is as follows: June 30, December 31, 2024 2023 Deferred tax assets (liabilities) Depreciation and amortization of property, plant and equipment $ 17,753,892 $ 16,922,756 Impairment of property, plant and equipment 581,757 585,380 Miscellaneous 648,269 135,714 Net operating loss carryover of PRC company 156,717 274,525 (Gain) Loss on asset disposal (63,669 ) (64,065 ) Total deferred tax assets 19,076,967 17,854,310 Less: Valuation allowance (19,076,967 ) (17,854,310 ) Total deferred tax assets, net $ - -
Schedule of Effective Income Tax Rate	During the three months ended June 30, 2024 and 2023, the effective income tax rate was estimated by the Company to be 122.9% and -38.9%, respectively Three Months Ended June 30, 2024 2023 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction Effect of tax and book difference (15.4 )% (121.4 )% Change in valuation allowance 113.3 % 57.5 % Effective income tax rate 122.9 % (38.9 )% Six Months Ended June 30, 2024 2023 PRC Statutory rate 25.0 % 25.0 % Effect of different tax jurisdiction Effect of tax and book difference (2.2 )% (42.7 )% Change in valuation allowance 36.3 % 8.0 % Effective income tax rate (13.5 )% (9.7 )%

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Schedule of Annual Rental Payment	This lease is renewable at the end of the 30-year term. June 30, Amount 2025 16,838 2026 16,838 2027 16,838 2028 16,838 2029 16,838 Thereafter 42,095 Total operating lease payments 126,285

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Financial Information for Reportable Segments	Summarized financial information for the three reportable segments is as follows: Three Months Ended June 30, 2024 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Revenues $ 26,212,815 $ 36,973 $ - $ - $ - $ 26,249,788 Gross profit 3,228,326 36,973 - - - 3,265,299 Depreciation and amortization 893,311 2,096,538 391,246 - - 3,381,095 Interest income 2,088 548 170 1 - 2,807 Interest expense 90,393 45,263 72,123 3,772 - 211,551 Income tax expense(benefit) 416,770 - - - - 416,770 Net income (loss) 2,202,788 (2,111,359 ) (82,396 ) (86,780 ) - (77,747 ) Three Months Ended June 30, 2023 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Revenues $ 29,631,400 $ 344,268 $ 44,246 $ - $ - $ 30,019,914 Gross profit 1,893,087 (709,660 ) (3,569 ) - - 1,179,858 Depreciation and amortization 996,939 2,071,666 395,209 - - 3,463,814 Loss on impairment of assets - - 375,136 - - 375,136 Interest income 47,763 844 4,486 544 - 53,637 Interest expense 144,083 53,991 72,607 - - 270,681 Income tax expense(benefit) 351,260 - - - - 351,260 Net income (loss) 937,333 (1,487,869 ) (443,841 ) (259,116 ) - (1,253,493 ) Six Months Ended June 30, 2024 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Revenues $ 33,039,614 74,015 - - - 33,113,629 Gross profit 3,590,661 73,751 - - - 3,664,412 Depreciation and amortization 1,882,583 4,197,079 783,221 - - 6,862,883 Interest income 3,550 1,084 343 13 - 4,990 Interest expense 179,900 90,117 144,368 7,456 - 421,841 Income tax expense(benefit) 416,770 - - 36,793 - 453,563 Net income (loss) 1,068,547 (4,234,116 ) (136,908 ) (521,806 ) - (3,824,283 ) Six Months Ended June 30, 2023 Dongfang Tengsheng Baoding 　 Not Elimination of Enterprise- Paper Paper Shengde 　to Segments Inter-segment consolidated Revenues $ 49,159,596 571,312 79,883 - - 49,810,791 Gross profit 2,332,167 (1,422,900 ) (6,408 ) - - 902,859 Depreciation and amortization 2,137,405 4,209,594 803,058 - - 7,150,057 Loss from impairment and disposal of property, plant and equipment - - 375,136 - - 375,136 Interest income 180,946 1,537 5,721 1,701 - 189,905 Interest expense 290,785 82,565 146,500 - - 519,850 Income tax expense(benefit) 351,260 - - - - 351,260 Net income (loss) 367,869 (3,407,989 ) (543,126 ) (403,412 ) - (3,986,658 ) As of June 30, 2024 Dongfang Tengsheng Baoding Not Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Total assets $ 59,259,853 122,777,281 7,338,286 1,986,806 - 191,362,226 As of December 31, 2023 Dongfang Tengsheng Baoding Not Attributable Elimination of Enterprise- Paper Paper Shengde to Segments Inter-segment consolidated Total assets $ 57,139,592 127,734,031 8,184,902 1,685,124 - 194,743,649

Organization and Business Bac_3

Organization and Business Background (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Millions

3 Months Ended

6 Months Ended

Jun. 09, 2022 $ / shares

Feb. 23, 2022 USD ($)

Feb. 23, 2022 CNY (¥)

Feb. 10, 2010 USD ($)

Jun. 24, 2009 USD ($)

Oct. 29, 2007 shares

Jun. 30, 2024 $ / shares

Dec. 31, 2023 $ / shares

Jun. 30, 2023

Jun. 30, 2024 $ / shares

Jun. 30, 2023

Feb. 10, 2010 ¥ / shares

Jun. 10, 2009 USD ($)

Organization and Business Background [Line Items]

Common stock, par value (in Dollars per share) | $ / shares

$ 0.001

$ 0.001

$ 0.001

$ 0.001

Reverse stock split

1-for-10

Percentage of ownership

100%

Registered capital (in Dollars)

$ 60,000,000

Exercise price per share (in Yuan Renminbi per share) | ¥ / shares

¥ 1

Percentage of distributable profit

100%

Dongfang Holding [Member]

Organization and Business Background [Line Items]

Aggregate shares of common stock (in Shares) | shares

7,450,497

Percentage of ownership

100%

Percentage of total assets

95.13%

95.13%

Baoding Shengde [Member]

Organization and Business Background [Line Items]

Percentage of ownership

100%

Registered capital (in Dollars)

$ 10,000,000

Loan agreement to terminate (in Dollars)

$ 10,000,000

Dongfang Paper [Member]

Organization and Business Background [Line Items]

Percentage of ownership

100%

Percentage of annual net profits

80%

Principal amount (in Dollars)

$ 10,000,000

Loan amount (in Dollars)

$ 10,000,000

Percentage of revenue

100%

100%

Hebei Tengsheng [Member]

Organization and Business Background [Line Items]

Consideration amount

$ 45,000,000

¥ 320

Tengsheng Paper [Member]

Organization and Business Background [Line Items]

Percentage of ownership

[1]

Percentage of revenue

99.72%

99.84%

Percentage of total assets

94.93%

Subsidiary ownership interest

100%

[1] Tengsheng Paper is 100% subsidiary of Dongfang Paper.

Organization and Business Bac_4

Organization and Business Background (Details) - Schedule of Subsidiaries and Variable Interest Entities		3 Months Ended	6 Months Ended
		Dec. 31, 2023	Jun. 30, 2024
Dongfang Holding [Member]
Subsidiary:
Date of Incorporation or Establishment		Nov. 13, 2006
Place of Incorporation or Establishment		BVI
Percentage of Ownership		100%
Principal Activity		Inactive investment holding
Shengde Holdings [Member]
Subsidiary:
Date of Incorporation or Establishment		Feb. 25, 2009
Place of Incorporation or Establishment		State of Nevada
Percentage of Ownership		100%
Principal Activity		Investment holding
Baoding Shengde [Member]
Subsidiary:
Date of Incorporation or Establishment		Jun. 01, 2009
Place of Incorporation or Establishment		PRC
Percentage of Ownership		100%
Principal Activity		Paper production and distribution
Qianrong [Member]
Subsidiary:
Date of Incorporation or Establishment		Jul. 15, 2021
Place of Incorporation or Establishment		PRC
Percentage of Ownership		100%
Principal Activity		New material technology service
Dongfang Paper [Member]
Variable interest entity (“VIE”):
Date of Incorporation or Establishment		Mar. 10, 1996
Place of Incorporation or Establishment		PRC
Percentage of Ownership	[1]
Principal Activity		Paper production and distribution
Tengsheng Paper [Member]
Subsidiary:
Percentage of Ownership			100%
Variable interest entity (“VIE”):
Date of Incorporation or Establishment		Apr. 07, 2011
Place of Incorporation or Establishment		PRC
Percentage of Ownership	[2]
Principal Activity		Paper production and distribution
[1] Dongfang Paper is treated as a 100% controlled variable interest entity of the Company. Tengsheng Paper is 100% subsidiary of Dongfang Paper.

Organization and Business Bac_5

Organization and Business Background (Details) - Schedule of Aggregate Carrying Value of Dongfang Paper’s Assets and Liabilities - VIE [Member] - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Aggregate Carrying Value of Dongfang Paper’s Assets and Liabilities [Line Items]
Cash and bank balances	$ 4,603,402	$ 2,807,608
Restricted cash	899,508	472,983
Accounts receivable	2,638,219	575,526
Inventories	5,282,420	3,555,235
Prepayments and other current assets	17,353,714	18,617,351
Due from related parties	287,384	289,173
Total current assets	31,064,647	26,317,876
Operating lease right-of-use assets, net	476,771	528,648
Property, plant, and equipment, net	150,495,716	158,027,099
Deferred tax asset non-current
Total Assets	182,037,134	184,873,623
Current Liabilities
Short-term bank loans	420,946
Current portion of long-term loans	4,993,826	2,780,014
Lease liability	103,568	100,484
Accounts payable		4,991
Advance from customers	73,386	136,167
Accrued payroll and employee benefits	329,583	231,568
Other payables and accrued liabilities	11,925,967	11,843,973
Income taxes payable	415,635
Total current liabilities	18,262,911	15,097,197
Long-term loans	2,245,047	4,503,932
Lease liability - non-current	498,718	483,866
Total liabilities	$ 21,006,676	$ 20,084,995

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Restricted Cash [Line Items]
Restricted cash	$ 470,057	$ 472,983
Bank of cangzhou [Member]
Restricted Cash [Line Items]
Notes payable maturity	Jul. 16, 2024
Bank of cangzhou [Member]
Restricted Cash [Line Items]
Restricted cash	$ 429,451

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventories - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Raw Materials
Raw Materials	$ 3,719,142	$ 372,968
Semi-finished Goods	298,349	300,207
Finished Goods	1,264,929	2,885,019
Total inventory, gross	5,282,420	3,558,194
Inventory reserve		(2,959)
Total inventory, net	5,282,420	3,555,235
Recycled paper board [Member]
Raw Materials
Raw Materials	3,462,147	198,744
Recycled white scrap paper [Member]
Raw Materials
Raw Materials	10,581	10,647
Gas [Member]
Raw Materials
Raw Materials	65,761	21,428
Base paper and other raw materials [Member]
Raw Materials
Raw Materials	$ 180,653	$ 142,149

Prepayments and Other Current_3

Prepayments and Other Current Assets (Details) - Schedule of Prepayments and Other Current Assets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Prepayments and Other Current Assets [Abstract]
Prepayment for purchase of materials	$ 4,879,907	$ 5,446,823
Value-added tax recoverable	13,268,074	13,409,459
Prepaid gas	87,028	116,372
Others	11,155	8,636
Total	$ 18,246,164	$ 18,981,290

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment, Net [Line Items]
Lease terms	50 years		50 years		50 years
Property, plant and equipment net	$ 155,624,752		$ 155,624,752		$ 163,974,022
Land use right net value	4,822,130		4,822,130		4,910,034
Property, plant and equipment	276,269		276,269
Depreciation and amortization of property, plant and equipment	3,381,095	$ 3,463,814	6,862,883	$ 7,150,057
Dongfang Paper [Member]
Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment net
Dongfang Paper [Member] | Land use Right [Member] | Long-term Loan from Credit Union of Tengsheng Peper [Member]
Property, Plant and Equipment, Net [Line Items]
Land use right net value	5,036,790		5,036,790		5,135,132
Tengsheng Paper [Member] | Land use Right [Member] | Long-term Loan from Credit Union of Baoding Shengde [Member]
Property, Plant and Equipment, Net [Line Items]
Land use right net value	$ 3,707,411		$ 3,707,411
Tengsheng Paper [Member] | Land use Right [Member] | Long-term Loan from Credit Union of Baoding Shengde [Member]
Property, Plant and Equipment, Net [Line Items]
Land use right net value					$ 3,781,366

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details) - Schedule of Property, Plant and Equipment - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Property, Plant and Equipment [Line Items]
Totals	$ 306,015,858	$ 308,421,734
Less: accumulated depreciation and amortization	(150,391,106)	(144,447,712)
Property, Plant and Equipment, net	155,624,752	163,974,022
Land use rights [Member]
Schedule of Property, Plant and Equipment [Line Items]
Totals	81,000,265	81,504,608
Building and improvements [Member]
Schedule of Property, Plant and Equipment [Line Items]
Totals	67,156,279	67,939,059
Machinery and equipment [Member]
Schedule of Property, Plant and Equipment [Line Items]
Totals	157,513,260	158,629,858
Vehicles [Member]
Schedule of Property, Plant and Equipment [Line Items]
Totals	346,054	348,209
Construction in progress [Member]
Schedule of Property, Plant and Equipment [Line Items]
Totals

Leases (Details)

Leases (Details)				3 Months Ended		6 Months Ended
	Aug. 17, 2020 USD ($)	Aug. 06, 2020 USD ($)	Aug. 06, 2020 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 USD ($)	Nov. 30, 2024	Dec. 31, 2023 USD ($)
Leases [Line Items]
Leases back term		3 years	3 years
Implicit interest rate	15.60%
Sale lease-back transaction interest rate amount	$ 567,099
Leased equipment net				$ 476,771		$ 476,771				$ 528,648
Amortization of leased equipment					$ 37,661			$ 76,526
Interest expenses					$ 2,182			$ 6,671
TAC Leasing Co., Ltd. [Member]
Leases [Line Items]
Sale-leaseback arrangement sold leased equipment		$ 2,300,000	¥ 16,000,000
TLCL [Member]
Leases [Line Items]
Payment of nominal purchase price						14	¥ 100
Right of use assets and net present value of minimum lease payments	$ 2,349,452
Equipment [Member]
Leases [Line Items]
Leased equipment net
Forecast [Member]
Leases [Line Items]
Operating lease									1 year
Lease Financing Agreement [Member]
Leases [Line Items]
Total financing proceeds in amount		$ 2,300,000	¥ 16,000,000

Leases (Details) - Schedule of

Leases (Details) - Schedule of Lease Expense	6 Months Ended
	Jun. 30, 2024 CNY (¥)
Schedule of Lease Expense [Abstract]
Operating lease cost	¥ 70,158
Short-term lease cost
Lease cost	¥ 70,158

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Leases Liabilities	6 Months Ended
	Jun. 30, 2024 CNY (¥)
Schedule of Leases Liabilities [Abstract]
Operating cash outflow from operating leases

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of Maturities of its Lease Liabilities - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Maturities of its Lease Liabilities [Abstract]
2025	$ 140,315
2026	140,315
2027	140,315
2028	140,315
2029	140,315
Thereafter
Total operating lease payments	701,577
Less: Interest	(99,291)
Present value of lease liabilities	602,286
Less: current portion, record in current liabilities	(103,568)	$ (100,484)
Present value of lease liabilities	$ 498,718	$ 483,866

Leases (Details) - Schedule o_4

Leases (Details) - Schedule of Weighted Average Remaining Lease Terms and Discount Rates	Jun. 30, 2024
Schedule of Weighted Average Remaining Lease Terms and Discount Rates [Abstract]
Weighted average remaining lease term (years)	4 years 1 month 6 days
Weighted average discount rate	7.56%

Loans Payable (Details)

Loans Payable (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 05, 2023	Aug. 24, 2023	Feb. 26, 2023	Nov. 15, 2022	Apr. 17, 2019	Jun. 21, 2018	Jul. 15, 2013
Loan Payable [Line Items]
Borrow amount					$ 280,631
Loans fixed interest rate, percentage	3.45%		3.45%		5.50%
Short-term bank loans	$ 841,893		$ 841,893		$ 423,567
Working capital loan	140,316		140,316
Short-term borrowings
Unsecured bank loans	$ 701,577		$ 701,577		423,567
Average short-term borrowing rates	4.45%	4.83%	4.46%	4.77%
Long-term loan	$ 11,308,021		$ 11,308,021		11,378,429
Long term debt term										5 years
Long term due date						Dec. 05, 2026
Loan agreement, term			3 years
Current portion of loan amount	6,817,927		$ 6,817,927		6,874,497
Interest expense short-term bank loans and long-term loans	211,551	$ 268,499	421,841	$ 513,179
Bank of cangzhou [Member]
Loan Payable [Line Items]
Borrow amount					$ 140,315
Loans fixed interest rate, percentage					5.50%
Net book value	$ 276,269		$ 276,269
Loan due date	Dec. 30, 2024		Dec. 30, 2024
ICBC [Member]
Loan Payable [Line Items]
Loans fixed interest rate, percentage	3.45%		3.45%
Loan due date	Jun. 21, 2025		Jun. 21, 2025
Short-term bank loans					$ 70,594
ICBC Loan 3 [Member]
Loan Payable [Line Items]
Loans fixed interest rate, percentage	3.45%		3.45%
Loan due date	Jun. 11, 2025		Jun. 11, 2025
Short-term bank loans					350,149
ICBC Loan 4 [Member]
Loan Payable [Line Items]
Loans fixed interest rate, percentage	3.45%		3.45%
Short-term bank loans	$ 2,806		$ 2,806
Working capital loan	137,509		137,509
Industrial and Commercial Bank of China (“ICBC”) Loan 1 [Member]
Loan Payable [Line Items]
Short-term bank loans					2,824
Short-term borrowings
Rural Credit Union of Xushui District Loan 2 [Member]
Loan Payable [Line Items]
Long-term loan	2,245,047		$ 2,245,047		2,259,026
Long term debt term							3 years				5 years	5 years
Long term debt, description			originally due and payable in various installments from December 21, 2013 to July 26, 2018.
Long term due date							Aug. 24, 2026
Secured loan net book value
Interest payment percent	7.68%		7.68%						7%
Current portion of loan amount	$ 1,963,012		$ 1,963,012		1,269,290
Non-current liabilities	1,543,470		1,543,470		2,259,025
Rural Credit Union of Xushui District Loan 1 [Member]
Loan Payable [Line Items]
Long-term loan	3,506,482		$ 3,506,482		3,528,315
Interest payment percent									7%
Rural Credit Union of Xushui District [Member]
Loan Payable [Line Items]
Long term debt term										2 years
Long term due date						Jun. 21, 2024
Loan agreement, term			2 years
Rural Credit Union of Xushui District Loan 3 [Member]
Loan Payable [Line Items]
Long-term loan	$ 1,824,101		$ 1,824,101		1,835,458
Interest payment percent	7.68%		7.68%						7%
Rural Credit Union of Xushui District Loan 4 [Member]
Loan Payable [Line Items]
Long-term loan	$ 2,525,678		$ 2,525,678		2,541,404
Interest payment percent	7.56%		7.56%
Rural Credit Union of Xushui District Loan 5 [Member]
Loan Payable [Line Items]
Long-term loan	$ 1,206,713		$ 1,206,713		1,214,226
Long term debt term								2 years
Interest payment percent	7%		7%
Current portion of loan amount	$ 2,525,678		$ 2,525,678		1,284,820
Non-current liabilities					1,256,584
Non-current liabilities
Rural Credit Union of Xushui District Loan 6 [Member]
Loan Payable [Line Items]
Long term debt term						3 years
Interest payment percent	7%		7%
Jiangna Yu [Member]
Loan Payable [Line Items]
Non-current liabilities	$ 701,577		$ 701,577		988,323
Current portion of loan amount		$ 505,136		$ 505,136	225,903
Working Capital Loan Agreement [Member] | ICBC [Member]
Loan Payable [Line Items]
Loans fixed interest rate, percentage	3.45%		3.45%
Loan due date	Dec. 30, 2024		Dec. 30, 2024
Short-term bank loans					$ 2,824
Working Capital Loan Agreement [Member] | ICBC Loan 1 [Member]
Loan Payable [Line Items]
Loans fixed interest rate, percentage	3.45%		3.45%
Short-term bank loans	$ 2,806		$ 2,806
Working Capital Loan Agreement [Member] | ICBC Loan 4 [Member]
Loan Payable [Line Items]
Loans fixed interest rate, percentage	3.45%		3.45%
Working capital loan	$ 140,316		$ 140,316

Loans Payable (Details) - Sched

Loans Payable (Details) - Schedule of Short-Term Bank Loans - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans	$ 841,893	$ 423,567
Bank of Cangzhou 1 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans	140,315
Bank of Cangzhou 2 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans	280,631
Industrial and Commercial Bank of China (“ICBC”) Loan 1 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans		2,824
ICBC Loan 2 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans		70,594
ICBC Loan 3 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans		350,149
ICBC Loan 4 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans	2,806
ICBC Loan 5 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans	140,316
ICBC Loan 6 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans	140,316
ICBC Loan 7 [Member]
Schedule of Short-Term Bank Loans [Line Items]
Total short-term bank loans	$ 137,509

Loans Payable (Details) - Sch_2

Loans Payable (Details) - Schedule of Long-Term Loans - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Long-Term Loans [Line Items]
Total	$ 11,308,021	$ 11,378,429
Less: Current portion of long-term loans	(6,817,927)	(6,874,497)
Long-term loans	4,490,094	4,503,932
Rural Credit Union of Xushui District Loan 1 [Member]
Schedule of Long-Term Loans [Line Items]
Total	3,506,482	3,528,315
Rural Credit Union of Xushui District Loan 2 [Member]
Schedule of Long-Term Loans [Line Items]
Total	2,245,047	2,259,026
Rural Credit Union of Xushui District Loan 3 [Member]
Schedule of Long-Term Loans [Line Items]
Total	1,824,101	1,835,458
Rural Credit Union of Xushui District Loan 4 [Member]
Schedule of Long-Term Loans [Line Items]
Total	2,525,678	2,541,404
Rural Credit Union of Xushui District Loan 5 [Member]
Schedule of Long-Term Loans [Line Items]
Total	$ 1,206,713	$ 1,214,226

Loans Payable (Details) - Sch_3

Loans Payable (Details) - Schedule of Long-Term Debt Repayments - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Long-Term Debt Repayments [Abstract]
Remainder of 2024	$ 6,817,927
2025	3,367,571
2026 & after	1,122,523
Total	$ 11,308,021	$ 11,378,429

Related Party Transactions (Det

Related Party Transactions (Details)

1 Months Ended

6 Months Ended

12 Months Ended

Nov. 23, 2018 USD ($)

Dec. 10, 2014 USD ($)

Dec. 31, 2019 shares

Feb. 28, 2018 USD ($)

Dec. 31, 2015 USD ($)

Jun. 30, 2024 USD ($)

Jun. 30, 2023 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2016 USD ($)

Aug. 31, 2023 USD ($)

Aug. 31, 2023 CNY (¥)

Nov. 30, 2022 USD ($)

Nov. 30, 2022 CNY (¥)

Oct. 31, 2022 USD ($)

Oct. 31, 2022 CNY (¥)

Oct. 14, 2016 USD ($)

Jul. 13, 2015 USD ($)

Mar. 01, 2015 USD ($)

Mar. 01, 2015 CNY (¥)

Related Party Transactions [Line Items]

Loans repaid

$ 4,235,673

¥ 30,000,000

loan amount

$ 727,433

$ 727,433

Borrowings amount

280,631

Unsecured amount

701,577

423,567

Loan term

3 years

Interest amount

Interest paid (in Shares) | shares

94,636

Loans amount

Borrowing amount

$ 7,059,455

¥ 50,000,000

$ 7,059,455

¥ 50,000,000

Interest income

$ 176,847

Mr. Zhengyong Liu [Member]

Related Party Transactions [Line Items]

Loans repaid

$ 2,249,279

Interest paid

$ 20,400

$ 391,374

42,095

42,357

$ 288,596

Outstanding loan balance

$ 359,676

361,915

loan amount

$ 8,742,278

Interest rate on loans

4.35%

Due date

Dec. 10, 2017

Jul. 12, 2018

Repaid debt

$ 6,012,416

Repayment of related party loans

$ 1,507,432

Fixed interest rate

4.35%

Loans Payable [Member]

Related Party Transactions [Line Items]

Outstanding loan balance

$ 192,846

194,047

Dongfang Paper [Member] | Mr. Zhenyong Liu [Member]

Related Party Transactions [Line Items]

Repayment of related party loans

$ 3,768,579

Interest amount

$ 158,651

Chief Executive Officer [Member]

Related Party Transactions [Line Items]

Borrowings amount

$ 17,201,342

¥ 120,000,000

Unsecured amount

$ 2,883,091

$ 4,324,636

Chief Executive Officer [Member] | Mr. Zhenyong Liu [Member]

Related Party Transactions [Line Items]

Accrued interest

$ 594,617

$ 598,319

Notes Payable (Details)

Notes Payable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Notes Payable [Abstract]
Bank acceptance notes (in Dollars)	$ 429,451
Bank acceptance notes percentage
Percentage of handling change	0.05%

Other Payables and Accrued Li_3

Other Payables and Accrued Liabilities (Details) - Schedule of Other Payables and Accrued Liabilities - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Other Payables and Accrued Liabilities [Abstract]
Accrued electricity	$ 115,216	$ 3,054
Value-added tax payable	68,138	696
Accrued interest to a related party	594,617	598,319
Payable for purchase of property, plant and equipment	11,054,912	11,175,858
Accrued commission to salesmen	14,869	47,040
Accrued bank loan interest	1,207,344	1,070,708
Others	80,591	16,842
Totals	$ 13,135,687	$ 12,912,517

Derivative Liabilities (Details

Derivative Liabilities (Details) - Schedule of Weighted-Average Assumptions	6 Months Ended
	Jun. 30, 2024
Schedule of Weighted-Average Assumptions [Line Items]
Expected dividend yield
Minimum [Member]
Schedule of Weighted-Average Assumptions [Line Items]
Expected term	8 months 4 days
Expected average volatility	84%
Risk-free interest rate	0.19%
Maximum [Member]
Schedule of Weighted-Average Assumptions [Line Items]
Expected term	2 years 9 months
Expected average volatility	102%
Risk-free interest rate	4.71%

Derivative Liabilities (Detai_2

Derivative Liabilities (Details) - Schedule of Value Measurements	6 Months Ended
	Jun. 30, 2024 USD ($)
Schedule of Value Measurements [Abstract]
Balance at December 31, 2023	$ 54
Change in fair value of derivative liability	(49)
Balance at June 30, 2024	$ 5

Common Stock (Details)

Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 09, 2022	Mar. 01, 2021	Jan. 20, 2021
Common Stock [Abstract]
Aggregate share			2,618,182
Common stock shares			2,618,182
Warrants to purchase shares			2,618,182
Gross proceeds (in Dollars)		$ 21.9	$ 14.4
corresponding warrant price per share (in Dollars per share)			$ 5.5
Exercise price of warrant (in Dollars per share)		$ 7.5	$ 5.5
Investors an aggregate shares		2,927,786
Warrants to purchase shares		1,463,893
Shares of common stock		1,463,893
Warrant price (in Dollars per share)		$ 7.5
Reverse stock split	1-for-10
Reverse stock split, per share (in Dollars per share)	$ 0.001

Warrants (Details)

Warrants (Details) - USD ($)				6 Months Ended
	Mar. 01, 2021	Jan. 20, 2021	Apr. 29, 2020	Jun. 30, 2024	Dec. 31, 2023
Warrants [Line Items]
Issuance of common stock and warrants		2,618,182
Issuance of warrant	6,750	1,410,690	88,000
Warrant exercise price (in Dollars per share)	$ 7.5
Warrant outstanding				352,000
Warrants to purchase shares of common stock	1,463,893	2,618,182
Warrent expire date	Mar. 01, 2026	Jan. 20, 2026
Intrinsic value of the warrants (in Dollars)
Warrant [Member]
Warrants [Line Items]
Issuance of common stock and warrants	2,927,786		440,000
Exercise price (in Dollars per share)			$ 7.425
Warrant exercise price (in Dollars per share)	$ 7.5	$ 5.5	$ 7.425	$ 5.5
Warrant outstanding				1,207,492
Warrants to purchase shares of common stock	1,463,893	2,618,182
Common Stock [Member] | Warrant [Member]
Warrants [Line Items]
Warrant outstanding				1,457,143
Private Placement [Member]
Warrants [Line Items]
Issuance of common stock and warrants			440,000

Warrants (Details) - Schedule o

Warrants (Details) - Schedule of Stock Warrant Activities - Warrant [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Schedule of Stock Warrant Activities [Line Items]
Outstanding and exercisable at beginning of the period, Number	3,016,635
Outstanding and exercisable at beginning of the period, Weight average exercise price (in Dollars per share) | $ / shares	$ 6.6907
Issued during the period, Number
Exercised during the period, Number
Cancelled or expired during the period, Number
Outstanding and exercisable at end of the period, Number	3,016,635
Outstanding and exercisable at end of the period, Weight average exercise price (in Dollars per share) | $ / shares	$ 6.6907

Warrants (Details) - Schedule_2

Warrants (Details) - Schedule of Outstanding and Exercisable Warrants - Warrant [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Schedule of Outstanding and Exercisable Warrants [Line Items]
Warrants Outstanding, Number of Shares | shares	3,016,635
Warrants Outstanding, Weighted Average Remaining Contractual life (in years)	1 year 7 months 2 days
Warrants Outstanding, Weighted Average Exercise Price | $ / shares	$ 6.6907
Warrants Exercisable, Number of Shares | shares	3,016,635
Warrants Exercisable, Weighted Average Exercise Price | $ / shares	$ 6.6907

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Basic and Diluted Net Income Per Share - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic loss per share
Net income (loss) for the period - numerator	$ (77,747)	$ (1,253,493)	$ (3,824,283)	$ (3,986,658)
Weighted average common stock outstanding - denominator	10,065,920	10,065,920	10,065,920	10,065,920
Net loss per share	$ (0.008)	$ (0.12)	$ (0.38)	$ (0.4)
Diluted income per share
Weighted average common stock outstanding - denominator	10,065,920	10,065,920	10,065,920	10,065,920
Diluted loss per share	$ (0.008)	$ (0.12)	$ (0.38)	$ (0.4)
Effect of dilution

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Tax laws, percentage			21%
Net operating losses (in Dollars)					$ 62,499	$ 530,581
Description of carry forwards expire			These carry forwards would expire, if not utilized, during the period of 2030 through 2035.
Percentage of valuation allowance	100%		100%		100%
Effective income tax rate	(38.90%)	122.90%	(13.50%)	(9.70%)
Income tax, statute of limitations period			5 years
PRC [Member]
Income Taxes [Line Items]
Statutory tax rate			25%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Provisions for Income Taxes - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Provision for Income Taxes
Current Tax Provision U.S.			$ 36,793
Current Tax Provision PRC	$ 416,770	351,260	416,770	351,260
Deferred Tax Provision PRC
Total Provision for (Deferred tax benefit)/ Income Taxes	$ 416,770	$ 351,260	$ 453,563	$ 351,260

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Deferred Tax - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Deferred tax assets (liabilities)
Depreciation and amortization of property, plant and equipment	$ 17,753,892	$ 16,922,756
Impairment of property, plant and equipment	581,757	585,380
Miscellaneous	648,269	135,714
Net operating loss carryover of PRC company	156,717	274,525
(Gain) Loss on asset disposal	(63,669)	(64,065)
Total deferred tax assets	19,076,967	17,854,310
Less: Valuation allowance	(19,076,967)	(17,854,310)
Total deferred tax assets, net

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of Effective Income Tax Rate	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Taxes [Abstract]
PRC Statutory rate	25%	25%	25%	25%
Effect of different tax jurisdiction
Effect of tax and book difference	(15.40%)	(121.40%)	(2.20%)	(42.70%)
Change in valuation allowance	113.30%	57.50%	36.30%	8%
Effective income tax rate	122.90%	(38.90%)	(13.50%)	(9.70%)

Stock Incentive Plans (Details)

Stock Incentive Plans (Details)	Oct. 31, 2023 shares
Stock Incentive Plans [Abstract]
Number of shares	1,500,000

Commitments and Contingencies_2

Commitments and Contingencies (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) a	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Aug. 07, 2013 USD ($)
Commitments and Contingencies [Line Items]
Expiration term	December 31, 2031	December 31, 2031
Annual rental payment	$ 140,698	¥ 1,000,000
Outstanding commitments amount	3,465,791		$ 3,499,936
Long-term loan from financial institutions	$ 4,349,778			¥ 31,000,000
Employee One [Member]
Commitments and Contingencies [Line Items]
Building located employee					$ 2,770,000
Employee Two [Member]
Commitments and Contingencies [Line Items]
Building located employee					1,150,000
Employee Three [Member]
Commitments and Contingencies [Line Items]
Building located employee					$ 4,310,000
Xushui Land Lease [Member]
Commitments and Contingencies [Line Items]
Area of land (in Acres) | a	32.95
Lease expiration period	30 years	30 years
Annual rental payment	$ 16,884	¥ 120,000
Minimum [Member]
Commitments and Contingencies [Line Items]
Expected payment term	1 year	1 year
Maximum [Member]
Commitments and Contingencies [Line Items]
Expected payment term	3 years	3 years

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of Annual Rental Payment - Land lease [Member]	Jun. 30, 2024 USD ($)
Commitments and Contingencies (Details) - Schedule of Annual Rental Payment [Line Items]
2025	$ 16,838
2026	16,838
2027	16,838
2028	16,838
2029	16,838
Thereafter	42,095
Total operating lease payments	$ 126,285

Segment Reporting (Details)

Segment Reporting (Details)	May 10, 2010
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of Financial Information for Reportable Segments - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Dongfang Paper [Member]
Schedule of Financial Information for Reportable Segments [Line Items]
Revenues	$ 26,212,815	$ 29,631,400	$ 33,039,614	$ 49,159,596
Gross profit	3,228,326	1,893,087	3,590,661	2,332,167
Depreciation and amortization	893,311	996,939	1,882,583	2,137,405
Loss from impairment and disposal of property, plant and equipment
Interest income	2,088	47,763	3,550	180,946
Interest expense	90,393	144,083	179,900	290,785
Income tax expense(benefit)	416,770	351,260	416,770	351,260
Net income (loss)	2,202,788	937,333	1,068,547	367,869
Total assets	59,259,853		59,259,853		$ 57,139,592
Tengsheng Paper [Member]
Schedule of Financial Information for Reportable Segments [Line Items]
Revenues	36,973	344,268	74,015	571,312
Gross profit	36,973	(709,660)	73,751	(1,422,900)
Depreciation and amortization	2,096,538	2,071,666	4,197,079	4,209,594
Loss from impairment and disposal of property, plant and equipment
Interest income	548	844	1,084	1,537
Interest expense	45,263	53,991	90,117	82,565
Income tax expense(benefit)
Net income (loss)	(2,111,359)	(1,487,869)	(4,234,116)	(3,407,989)
Total assets	122,777,281		122,777,281		127,734,031
Baoding Shengde [Member]
Schedule of Financial Information for Reportable Segments [Line Items]
Revenues		44,246		79,883
Gross profit		(3,569)		(6,408)
Depreciation and amortization	391,246	395,209	783,221	803,058
Loss from impairment and disposal of property, plant and equipment		375,136		375,136
Interest income	170	4,486	343	5,721
Interest expense	72,123	72,607	144,368	146,500
Income tax expense(benefit)
Net income (loss)	(82,396)	(443,841)	(136,908)	(543,126)
Total assets	7,338,286		7,338,286		8,184,902
Not Attributable to Segments [Member]
Schedule of Financial Information for Reportable Segments [Line Items]
Revenues
Gross profit
Depreciation and amortization
Loss from impairment and disposal of property, plant and equipment
Interest income	1	544	13	1,701
Interest expense	3,772		7,456
Income tax expense(benefit)			36,793
Net income (loss)	(86,780)	(259,116)	(521,806)	(403,412)
Total assets	1,986,806		1,986,806		1,685,124
Elimination of Inter-segment [Member]
Schedule of Financial Information for Reportable Segments [Line Items]
Revenues
Gross profit
Depreciation and amortization
Loss from impairment and disposal of property, plant and equipment
Interest income
Interest expense
Income tax expense(benefit)
Net income (loss)
Total assets
Enterprise-wide, consolidated [Member]
Schedule of Financial Information for Reportable Segments [Line Items]
Revenues	26,249,788	30,019,914	33,113,629	49,810,791
Gross profit	3,265,299	1,179,858	3,664,412	902,859
Depreciation and amortization	3,381,095	3,463,814	6,862,883	7,150,057
Loss from impairment and disposal of property, plant and equipment		375,136		375,136
Interest income	2,807	53,637	4,990	189,905
Interest expense	211,551	270,681	421,841	519,850
Income tax expense(benefit)	416,770	351,260	453,563	351,260
Net income (loss)	(77,747)	$ (1,253,493)	(3,824,283)	$ (3,986,658)
Total assets	$ 191,362,226		$ 191,362,226		$ 194,743,649

Concentration and Major Custo_2

Concentration and Major Customers and Suppliers (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | No Customer [Member]
Concentration and Major Customers and Suppliers [Line Items]
Concentration credit risk, percentage	10%			10%
Supplier Concentration Risk [Member] | Purchase [Member] | one suppliers [Member]
Concentration and Major Customers and Suppliers [Line Items]
Concentration credit risk, percentage	76%	74%	76%	67%
Supplier Concentration Risk [Member] | Purchase [Member] | Two Suppliers [Member]
Concentration and Major Customers and Suppliers [Line Items]
Concentration credit risk, percentage	16%	16%	16%	13%
Supplier Concentration Risk [Member] | Purchase [Member] | Three Suppliers [Member]
Concentration and Major Customers and Suppliers [Line Items]
Concentration credit risk, percentage	7%	6%	7%	10%

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	May 01, 2015 USD ($)	May 01, 2015 CNY (¥)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Concentration of Credit Risk [Line Items]
Deposit insurance regulations	$ 70,158	¥ 500,000
Maximum coverage from FDIC			$ 5,128,804	¥ 36,551,963
PRC [Member]
Concentration of Credit Risk [Line Items]
Maximum coverage from FDIC				¥ 500,000	¥ 500,000