Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2024

 

Commission File Number: 001-41568

 

Erayak Power Solution Group Inc.

 

No. 528, 4th Avenue

Binhai Industrial Park

Wenzhou, Zhejiang Province

People’s Republic of China 325025

[phone]

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Erayak Power Solution Group Inc
Date: November 5, 2024	By:	/s/ Lingyi Kong
	Name:	Lingyi Kong
	Title:	Chief Executive Officer

 

1

 

 

Exhibit Index

 

Exhibit No.		Description
99.1		Management’s Discussion and Analysis of Financial Condition and Results of Operations for the Six Months Ended June 30, 2024 and 2023
99.2		Unaudited Interim Condensed Consolidated Financial Statements for the Six Months Ended June 30, June 30, 2024 and 2023
101.INS		Inline XBRL Instance Document.
101.SCH		Inline XBRL Taxonomy Extension Schema Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

 

2

 

 

Exhibit 99.1

 

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL

CONDITION AND RESULTS OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

 

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited consolidated financial statements and the related notes included elsewhere in this report on Form 6-K and with the discussion and analysis of our financial condition and results of operations contained in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023. This discussion may contain forward-looking statements based upon current expectations that involve risks and uncertainties.

 

Results of Operations

 

For the Six Months Ended June 30, 2024 and 2023

 

The following table summarizes the results of our operations for the six months ended June 30, 2024 and 2023, respectively, and provides information regarding the dollar and percentage increase or (decrease) during such periods.

 

(All amounts, other than percentages, are in U.S. dollars)

 

		For the Six Months Ended June 30,								Variance
		2024				2023				Amount				Percentage
Sales		$	11,943,904			$	9,449,817			$	2,494,087				26.39	%
Cost of sales			(10,796,299	)			(6,619,695	)			(4,176,604	)			63.09	%
Gross profit			1,147,605				2,830,122				(1,682,517	)			-59.45	%
Operating expenses:
General and administrative expenses			(1,153,066	)			(1,168,174	)			15,107				-1.29	%
Selling and marketing expenses			(454,841	)			(436,619	)			(18,222	)			4.17	%
Research and development costs			(828,013	)			(481,702	)			(346,311	)			71.89	%
Inventory reserve provision			-				(83,419	)			83,419				-100	%
Total operating expenses			(2,435,920	)			(2,169,914	)			(266,007	)			12.26	%
Operating (loss) income		$	(1,288,315	)		$	660,208			$	(1,948,524	)			-295.14	%
Other income (expenses):
Rental income, net			109,449				102,712				6,737				6.56	%
Interest expenses, net			(64,588	)			(199,712	)			135,124				-67.66	%
Other income, net			145,952				4,671				141,281				3024.88	%
Total other income (expenses), net			190,813				(92,329	)			283,142				-306.67	%
(Loss) income before income taxes		$	(1,097,503	)		$	567,879			$	(1,665,382	)			-293.26	%
Income tax refund (provision)			38,963				(92,707	)			131,670				-142.03	%
Net (loss) income		$	(1,058,540	)		$	475,172			$	(1,533,712	)			-322.77	%

  

Revenues

 

Revenues increased by approximately $2.49 million, or 26.39%, to approximately $11.94 million for the six months ended June 30, 2024 from approximately $9.45 million for the six months ended June 30, 2023. The increase in revenues was primarily driven by the increase in trade sales of our subsidiary, Ruike Electronics Co., Ltd.

 

 

 

 

Gross profit

 

Our gross profit decreased by approximately $1.68 million, or 59.45%, to approximately $1.15 million for the six months ended June 30, 2024 from approximately $2.83 million for the six months ended June 30, 2023. Gross profit margin was 9.61% for the six months ended June 30, 2024, as compared to 29.95% for the six months ended June 30, 2023. The decrease in gross margin was primarily due to the increased initial cost in raw materials for producing newly developed products.

  

Research and development (“R&D”) expenses

 

Research and development expenses increased by approximately $0.35 million, or 71.89% to approximately $0.83 million for the six months ended June 30, 2024 as compared to approximately $0.48 million for the six months ended June 30, 2023. The increase in R&D expenses was mainly due to the increased R&D activities on new products.

 

Interest expenses, net

 

Our interest expense (net) decreased by approximately $0.14 million, to approximately $0.06 million for the six months ended June 30, 2024, from approximately $0.20 million for the six months ended June 30, 2023.  The decrease of interest expense was mainly due to decreased short-term and long-term borrowings during the fiscal period ended June 30, 2024 as compared to the fiscal period ended June 30, 2023.

  

Liquidity and Capital Resources

 

As of June 30, 2024 and December 31, 2023, we had cash and cash equivalents of $1,103,939 and $5,878,434, respectively. We believe that our current cash, cash to be generated from our operations and access to help from our related parties will be sufficient to meet our working capital needs for at least the next twelve months. Although we do not have any amounts committed to be provided by our related parties, due to their relatively small amounts, we do not believe our working capital needs will be negatively impacted without such funds provided by related parties.

 

Substantially all of our operations are conducted in China and a majority portion of our revenues, expense, cash and cash equivalents are denominated in Renminbi (RMB). RMB is subject to the exchange control regulation in China, and, as a result, we may have difficulty distributing any dividends outside of China due to PRC exchange control regulations that restrict its ability to convert RMB into U.S. Dollars.  

 

Under applicable PRC regulations, foreign-invested enterprises in China may pay dividends only out of their accumulated profits, if any, determined in accordance with PRC accounting standards and regulations. In addition, a foreign-invested enterprise in China is required to set aside at least 10% of its after-tax profit based on PRC accounting standards each year to its general reserves until the accumulative amount of such reserves reaches 50% of its registered capital. These reserves are not distributable as cash dividends. The board of directors of a foreign-invested enterprise has the discretion to allocate a portion of its after-tax profits to staff welfare and bonus funds, which may not be distributed to equity owners except in the event of liquidation. Under PRC law, RMB is currently convertible into U.S. Dollars under a company’s “current account,” which includes dividends, trade and service-related foreign exchange transactions, without prior approval of the State Administration of Foreign Exchange (SAFE), but is not from a company’s “capital account,” which includes foreign direct investments and loans, without the prior approval of the SAFE.

 

With respect to retained earnings accrued after such date, our board of directors may declare dividends after taking into account our operations, earnings, financial condition, cash requirements and availability and other factors as it may deem relevant at such time. Any declaration and payment, as well as the amount, of dividends will be subject to our By-Laws, charter and applicable Chinese and U.S. state and federal laws and regulations, including the approval from the shareholders of each subsidiary which intends to declare such dividends, if applicable.

 

We have limited financial obligations dominated in US dollars, thus the foreign currency restrictions and regulations in the PRC on the dividends distribution will not have a material impact on the liquidity, financial condition and results of operations of the Company.

 

2

 

 

Cash Flow Summary

 

		For the Six Months Ended  June 30,
		2024				2023
Net cash (used in) provided by operating activities		$	(12,859,999	)		$	5,454,714
Net cash used in investing activities			(601,845	)			(4,344,326	)
Net cash provided by (used in) financing activities			8,790,822				(619,025	)
Effect of exchange rate changes on cash			(103,473	)			(284,958	)
Net (decrease) increase in cash		$	(4,774,495	)		$	206,405

 

Operating Activities:

 

Net cash used in operating activities for the six months ended June 30, 2024 was approximately $12.86 million, which was primarily attributable to a net loss approximately $1.06 million, adjusted for non-cash items for approximately $0.50 million and adjustments for changes in working capital approximately $12.30 million. The adjustments for changes in working capital mainly included increase of accounts receivable of approximately $4.28 million, increase of inventory of approximately $2.73 million, increase of advance to suppliers of approximately $5.52 million, increase of accounts payable of approximately $2.42 million, decrease of accrued expenses and other current liabilities of approximately $2.21 million, and increase of advance from customers of approximately $0.56 million.

 

Net cash provided by operating activities for the six months ended June 30, 2023 was approximately $5.45 million, which was primarily attributable to a net profit approximately $0.48 million, adjusted for non-cash items for approximately $0.54 million and adjustments for changes in working capital approximately $0.44 million. The adjustments for changes in working capital mainly included decrease of accounts receivable of approximately $3.73 million, increase of inventory of approximately $1.05 million, decrease of advance to suppliers of approximately $2.76 million, decrease of accounts payable of approximately $0.58 million, and decrease of advance from customers of approximately $0.33 million.

 

Investing Activities:

 

Net cash used in investing activities was approximately $0.60 million for the six months ended June 30, 2024. It was primarily attributable to the addition of fixed assets for production needs during the fiscal period.

 

Net cash used in investing activities was approximately $4.34 million for the six months ended June 30, 2023. It was primarily attributable to the addition of fixed assets for production needs during the period, and a fixed deposit, which is presented as other non-current assets on the Interim Consolidated Balance Sheet.

 

Financing Activities:

 

Net cash provided by financing activities was approximately $8.79 million for the six months ended June 30, 2024. It was primarily attributable to the financing through share issuance of $8 million, and net proceeds from short-term bank loans of approximately $1 million, offset by the repayment of long-term bank loans of approximately $0.16 million.

 

Net cash used in financing activities was approximately $0.62 million for the six months ended June 30, 2023. It was primarily attributable to the repayment of short-term loans with an approximate amount of $1 million and repayment of related party loans with an approximate amount of $0.17 million, offset by the proceeds from long-term bank loans with approximate amount of $0.55 million.

 

Statement Regarding Unaudited Financial Information

 

The unaudited financial information set forth above is subject to adjustments that may be identified when audit work is performed on the Company’s year-end financial statements, which could result in significant differences from this unaudited financial information.

 

 

3

 

 

Exhibit 99.2

 

ERAYAK POWER SOLUTION GROUP INC.

INTERIM CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2024 AND DECEMBER 31, 2023

(IN U.S. DOLLARS, EXCEPT SHARE DATA)

 

		June 30, 2024 (Unaudited)				December 31, 2023
ASSETS
Current assets:
Cash and cash equivalents		$	1,100,687			$	5,877,372
Restricted cash			3,252				1,062
Accounts receivable, net			10,356,685				6,253,189
Inventories, net			9,604,763				7,056,459
Advances to suppliers			8,184,132				2,747,551
Other receivables			168,955				162,557
Total current assets			29,418,474				22,098,190
Property, plant and equipment, net			2,264,230				1,924,975
Intangible assets, net			40,394				31,853
Right-of-use assets			6,882,172				7,338,505
Deferred tax assets			31,785				32,534
Other non-current assets			3,770,365				3,859,209
TOTAL ASSETS		$	42,407,420			$	35,285,266
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings		$	1,065,627			$	70,424
Accounts payable			7,957,957				5,689,101
Accrued expenses and other current liabilities			1,165,636				3,519,598
Advances from customers			901,799				357,383
Due to related parties			2,186,790				2,283,129
Long-term loans – current portion			175,828				225,383
Tax payable			576,338				1,066,569
Total current liabilities:			14,029,975				13,211,587
Non-current liabilities:
Long-term loans			1,710,338				1,871,591
TOTAL LIABILITIES			15,740,313				15,083,178
COMMITMENTS AND CONTINGENCIES
Shareholders’ Equity:
Class A shares, 450,000,000 shares authorized; 27,000,000 shares issued and outstanding as of June 30, 2024, and 11,000,000 shares issued and outstanding as of December 31, 2023			2,700				1,100
Class B shares, 50,000,000 shares authorized, 1,000,000 shares issued and outstanding as of June 30, 2024, and December 31, 2023			100				100
Additional paid-in capital			18,643,522				10,645,122
Statutory reserve			1,113,170				1,113,170
Retained earnings			8,128,675				9,187,215
Accumulated other comprehensive loss			(1,221,060	)			(744,619	)
Total Shareholders’ equity			26,667,107				20,202,087
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	42,407,420			$	35,285,266

 

The accompanying notes are an integral part of these interim consolidated financial statements. 

 

F-1

 

 

ERAYAK POWER SOLUTION GROUP INC.

UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023
(IN U.S. DOLLARS, EXCEPT SHARE DATA)

 

		Six months ended June 30,
		2024				2023
Sales		$	11,943,904			$	9,449,817
Cost of sales			(10,796,299	)			(6,619,695	)
Gross profit			1,147,605				2,830,122
Operating expenses:
General and administrative			(1,153,066	)			(1,168,174	)
Selling and marketing			(454,841	)			(436,619	)
Research and development			(828,013	)			(481,702	)
Inventory reserve provision			-				(83,419	)
Total operating expenses			(2,435,920	)			(2,169,914	)
Operating (loss) income			(1,288,315	)			660,208
Other income (expenses):
Interest expenses, net			(64,588	)			(199,712	)
Rental income, net			109,449				102,712
Other income, net			145,952				4,671
Total other income (expenses), net			190,813				(92,329	)
(Loss) income before income taxes			(1,097,503	)			567,879
Income tax refund (provision)			38,963				(92,707	)
Net (loss) income		$	(1,058,540	)		$	475,172
Other comprehensive income:
Foreign currency translation adjustment			(476,440	)			(659,127	)
Total comprehensive loss		$	(1,534,980	)		$	(183,955	)
Earnings per share attributable to common shareholders:
Shares			28,000,000				12,000,000
(Loss) earnings per share		$	(0.07	)		$	0.04
Weighted average number of shares outstanding
Basic and Diluted			14,923,923				12,000,000

 

The accompanying notes are an integral part of these interim consolidated financial statements.

 

F-2

 

 

ERAYAK POWER SOLUTION GROUP INC.

UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(IN U.S. DOLLARS, EXCEPT SHARE DATA)

 

For the six months ended June 30, 2024:

 

		Class A shares				Ordinary shares, $0.0001 par Amount				Class B shares				Amount				Additional Paid-in Capital				Statutory Reserve				Retained Earnings				Accumulated Other Comprehensive Income (loss)				Total shareholders’ equity
Balance at December 31, 2023			11,000,000				1,100				1,000,000				100				10,645,122				1,113,170				9,187,215				(744,619	)			20,202,087
Foreign currency translation loss																															(476,440	)			(476,440	)
Share issuance			16,000,000				1,600												7,998,400																8,000,000
Net loss																											(1,058,540	)							(1,058,540	)
Balance at June 30, 2024			27,000,000				2,700				1,000,000				100				18,643,522				1,113,170				8,128,675				(1,221,060	)			26,667,107

 

For the six months ended June 30, 2023:

 

		Class A shares				Ordinary shares, $0.0001 par Amount				Class B shares				Amount				Additional Paid-in Capital				Statutory Reserve				Retained Earnings				Accumulated Other Comprehensive Income (loss)				Total shareholders’ equity
Balance at December 31, 2022			11,000,000				1,100				1,000,000				100				10,645,122				916,912				8,164,759				(383,942	)			19,344,051
Foreign currency translation loss																															(659,127	)			(659,127	)
Net income																											475,172								475,172
Balance at June 30, 2023			11,000,000				1,100				1,000,000				100				10,645,122				916,912				8,639,931				(1,043,069	)			19,160,096

 

The accompanying notes are an integral part of these interim consolidated financial statements.

 

F-3

 

 

ERAYAK POWER SOLUTION GROUP INC.

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023
(UNAUDITED, IN U.S. DOLLARS)

 

		2024				2023
Cash Flows from Operating Activities:
Net (loss) income		$	(1,058,540	)		$	475,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			206,157				187,305
Imputed interest expenses			-				18,146
Right of use lease asset			289,471				254,354
Inventory reserve provision			-				83,419
Changes in operating assets and liabilities:
Accounts receivable			(4,278,183	)			3,731,422
Inventories			(2,730,365	)			(1,054,574	)
Advances to suppliers			(5,516,436	)			2,756,002
Prepaid expenses			-				(25,000	)
Other receivables			(66,429	)			(60,832	)
Loan receivable			-				167,429
Accounts payable			2,417,189				(576,122	)
Accrued expenses and other current liabilities			(2,210,457	)			(109,871	)
Advances from customers			556,641				(325,968	)
Tax payable			(469,047	)			(66,168	)
Net cash (used in) provided by operating activities			(12,859,999	)			5,454,714
Cash Flows from Investing Activities:
Purchases of property, plant, and equipment			(601,845	)			(389,532	)
Fixed deposit			-				(3,954,794	)
Net cash used in investing activities			(601,845	)			(4,344,326	)
Cash Flows from Financing Activities:
Proceeds from short-term borrowings			1,071,767				1,443,356
Repayments on short-term borrowings			(72,999	)			(2,446,488	)
Proceeds from related parties			3,728,521				9,132,977
Payments to related parties			(3,772,757	)			(9,301,896	)
Proceeds from share issuance			8,000,000				-
Proceeds from long-term bank loans			131,670				5,131,230
Repayments on long-term bank loans			(295,380	)			(4,578,204	)
Net cash provided by (used in) financing activities			8,790,822				(619,025	)
Effect of exchange rate changes on cash			(103,473	)			(284,958	)
Net (decrease) increase in cash and cash equivalents			(4,774,495	)			206,405
Cash and cash equivalents at the beginning of period			5,878,434				7,067,247
Cash and cash equivalents at the end of period			1,103,939				7,273,652
Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheet
Cash and cash equivalents			1,100,687				5,773,428
Restricted cash			3,252				1,500,224
Cash and cash equivalents at the end of year		$	1,103,939				7,273,652
Supplemental disclosures of cash flows information:
Cash paid for income taxes		$	-			$	-
Cash paid for interest		$	59,780			$	218,050

 

The accompanying notes are an integral part of these interim consolidated financial statements.

 

F-4

 

 

ERAYAK POWER SOLUTION GROUP INC.

SELECTED NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS

 

Erayak Power Solution Group Inc. (“Erayak Group”)

 

Erayak Group was incorporated on June 14, 2019 under the laws of Cayman Islands. Under its memorandum of association, Erayak Group was authorized to issue 500,000,000 ordinary shares of par value of $0.0001 each, comprising of: (i) 450,000,000 Class A Ordinary Shares of par value of USD 0.0001 each, and (ii) 50,000,000 Class B Ordinary Shares of par value of USD 0.0001 each. There are currently 27,000,000 issued and outstanding Class A Ordinary Shares and 1,000,000 issued and outstanding Class B Ordinary Shares.

 

Erayak Group is a holding company and is currently not actively engaging in any business. Erayak Group’s registered agent is Harneys Fiduciary (Cayman) Limited, and its registered office is on the 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands.

 

Entity Name		Registered Location		Date of Incorporation		Ownership as of the issuance date of the report
Erayak Power Solution Group Inc. (“Erayak Group”)		Cayman Islands		June 14, 2019		Parent
Erayak Power Solution Limited (“Erayak BVI’)		British Virgin Island		June 17, 2019		100% by the Parent
Erayak Power Solution Hong Kong Limited (“Erayak HK”)		Hong Kong		June 26, 2019		100% by Erayak BVI
Ruike Electronics (Wenzhou) Co., Ltd. (“Ruike”)		Wenzhou, China		December 5, 2023		100% by Erayak HK
Wenzhou Wenjie Technology Limited (“Wenjie”)		Wenzhou, China		December 11, 2019		100% by Erayak HK
Zhejiang Leiya Electronics Limited (“Leiya”)		Wenzhou, China		March 5, 2009		100% by Wenjie
Wenzhou New Focus Limited (“New Focus”)		Wenzhou, China		November 21, 2012		100% by Leiya

 

Erayak Power Solution Limited (“Erayak BVI”)

 

Erayak BVI was incorporated on June 17, 2019 under the laws of British Virgin Islands. Under its memorandum of association, Erayak BVI is authorized to issue 50,000 ordinary shares of a single class, par value $1 per ordinary share. There are currently 100 issued and outstanding ordinary shares, of which 100% are owned by Erayak Power Solution Group Limited. Erayak BVI is a holding company and is currently not actively engaging in any business. Erayak BVI’s registered agent is Harneys Corporate Services Limited, and its registered office is at Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands.

 

Erayak Power Solution Hong Kong Limited (“Erayak HK”)

 

Erayak HK was incorporated on June 26, 2019 under the laws of Hong Kong and is a wholly owned subsidiary of Erayak Power Solution Limited. The paid in capital was $3,900,000 as of June 30, 2024. Erayak HK did not have any operations as of June 30, 2024.

 

F-5

 

 

Ruike Electronics (Wenzhou) Co., Ltd. (“Ruike”)

 

Ruike was incorporated on December 5, 2023 in People’s Republic of China (“China” or “PRC”), and is a wholly owned subsidiary of Erayak Power Solution Hong Kong Limited. Ruike is a wholly foreign owned enterprise organized under the laws of the PRC. The paid in capital was $5,010,035 as of June 30, 2024.

 

Wenzhou Wenjie Technology Limited (“Wenjie”)

 

Wenjie was incorporated on December 11, 2019 in People’s Republic of China (“China” or “PRC”), and is a wholly owned subsidiary of Erayak Power Solution Hong Kong Limited. Wenjie is a wholly foreign owned enterprise organized under the laws of the PRC. The paid in capital was $3,000,000 as of June 30, 2024. Wenjie did not have any operations as of June 30, 2024.

 

Zhejiang Leiya Electronics Limited (“Leiya”)

 

Leiya was incorporated on March 5, 2009 under the laws of the People’s Republic of China. The paid in capital was RMB 6,900,000 as of June 30, 2024.

 

The registered principal activities of Leiya are mainly development, production and sales of inverters, chargers and gasoline generators.  

 

Wenzhou New Focus Limited (“New Focus”)

 

New Focus was incorporated on November 21, 2012 in China, and is a wholly owned subsidiary of Leiya. The paid in capital was RMB 5,000,000 as of June 30, 2024.

 

The principal activity of New Focus is mainly the sale of Leiya’s products, which involves exports to multiple countries.

 

Reorganization

 

In or about April and August 2020, the Company completed corporate reorganization to roll several controlled entities (now referred to as the subsidiaries) into one legal corporation (the Company). Shengling Xiang transferred 10% equity of Leiya to Hecang Limited, a Hong Kong entity’s subsidiary, on January 14, 2020. On April 21, 2020, Wenjie acquired 90% equity of Leiya from Shengling Xiang, and 10% from Hecang Limited. As a result, Leiya’s equity interest is 100% held by Wenjie as of April 21, 2020. On August 12, 2020, Chuanlong Lin transferred 100% equity of New Focus to Leiya. Therefore, Leiya holds 100% of equity interest of New Focus as of August 12, 2020. Shengling Xiang, Hecang Limited, and Chuanlong Lin were holding shares on behalf of Lingyi Kong, and therefore, the Company is under the control of Lingyi Kong both before and after the transactions.

 

During the years presented in these consolidated financial statements, the control of the entities has never changed (always under the ultimate control of Lingyi Kong).   Accordingly, the combination has been treated as a corporate restructuring (reorganization) of entities under common control and thus the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and in accordance with ASC 805-50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under common control. The consolidation of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements.

 

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation and Principles of Consolidation

 

The accompanying consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles in the United Stated of America (“US GAAP”) and have been consistently applied. The accompanying consolidated financial statements include the financial statements of the Company and its majority-owned and controlled subsidiaries. All significant inter-company transactions and balances have been eliminated upon consolidation.

 

F-6

 

 

Use of Estimates

 

The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Such estimates include, but are not limited to, allowances for doubtful accounts, inventory valuation, useful lives of property, plant and equipment, intangible assets, and income taxes related to realization of deferred tax assets and uncertain tax position. Actual results could differ from those estimates.

 

Foreign Currency Translation

 

The financial records of the Company’s subsidiaries in People’s Republic of China (“PRC”) are maintained in their local currencies which are Chinese Yuan (“CNY” or “RMB”). Monetary assets and liabilities denominated in currencies other than their local currencies are translated into local currencies at the rates of exchange in effect at the consolidated balance sheet dates. Transactions denominated in currencies other than their local currencies during the year are converted into local currencies at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are recorded in other income/(expense), net in the consolidated statements of income and comprehensive income.

 

The Company maintained its financial record using the United States dollar (“US dollar”) as the functional currency, while the subsidiaries of the Company in Hong Kong and mainland China maintained their financial records using RMB as the functional currencies. The reporting currency of the Company is US dollar. When translating local financial reports of the Company’s subsidiaries into US dollar, assets and liabilities are translated at the exchange rates at the consolidated balance sheet date, equity accounts are translated at historical exchange rates and revenue, expenses, gains and losses are translated at the average rate for the period. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the consolidated statements of income and comprehensive income.

 

The relevant exchange rates are listed below:

 

		June 30,				June 30,				December 31,
		2024				2023				2023
Period Ended RMB: USD exchange rate			7.2672				7.2513				7.0999
Period Average RMB: USD exchange rate			7.2150				6.9283				7.0809

 

Cash and Cash Equivalents

 

Cash and cash equivalents primarily consist of cash and deposits with financial institutions which are unrestricted as to withdrawal and use. Cash equivalents consist of highly liquid investments that are readily convertible to cash generally with original maturities of three months or less when purchased.

 

Restricted Cash

 

The Company had bank acceptance notes outstanding with the bank and is required to keep certain amounts on deposit that are subject to withdrawal restrictions. Those notes are generally short term in nature due to their short maturity period of six to nine months; thus, restricted cash is classified as a current asset.

 

In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts presented in the statement of cash flows. The Company adopted the new standard effective January 1, 2018, using the retrospective transition method.

 

F-7

 

 

As of June 30, 2024, and December 31, 2023, restricted cash was $3,252 and $1,062, respectively.

 

Accounts Receivable, net

 

Accounts receivables are recognized and carried at the original invoiced amount less an estimated allowance for uncollectible accounts. The Company usually determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Company establishes a provision for doubtful receivables when there is objective evidence that the Company may not be able to collect amounts due. The allowance is based on management’s best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. Based on management of customers’ credit and ongoing relationship, management makes conclusions whether any balances outstanding at the end of the period will be deemed uncollectible on an individual basis and on aging analysis basis. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.

 

Inventories

 

Inventories are stated at the lower of cost or net realizable value. Cost is principally determined using the weighted-average method. The Company records adjustments to inventory for excess quantities, obsolescence or impairment when appropriate to reflect inventory at net realizable value. These adjustments are based upon a combination of factors including current sales volume, market conditions, lower cost or market analysis and the expected realizable value of the inventory.

  

Advances to Suppliers

 

Advances to suppliers refer to advances for purchase of materials or services, which are applied against accounts payable when the materials or services are received.

 

The Company reviews a supplier’s credit history and background information before advancing a payment. If the financial condition of its suppliers were to deteriorate, resulting in an impairment of their ability to deliver goods or provide services, the Company would write off such an amount in the period when it is considered impaired. As of June 30, 2024 and December 31, 2023, the Company had no write-offs for advances to suppliers.

 

Advances from Customers

 

Advances from customers refer to advances received from customers, which are applied against accounts receivable when products are sold.

 

Property, Plant and Equipment, net

 

Property, plant, and equipment are recorded at cost less accumulated depreciation. Depreciation commences upon placing the asset in use and is recognized on a straight-line basis over the estimated useful lives of the assets with 5% of residual value, as follows:

 

		Useful lives
Buildings		10 years
Machinery and equipment		3-10 years
Transportation vehicles		4 years
Office furniture and equipment		5-10 years
Electronic equipment		2-5 years

 

Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of income and other comprehensive income in other income or expenses.

 

F-8

 

 

Intangible Assets

 

Intangible assets consist of patents and a trademark. Intangible assets are amortized using the straight-line method with the following estimated useful lives:

 

		Useful lives
Patents		10 years
Trademark		10 years

 

Leases/Right of use assets  

 

Effective January 1, 2018, the Company adopted the new lease accounting standard using a modified retrospective transition method which allowed the Company not to recast comparative periods presented in its consolidated financial statements. In addition, the Company elected the package of practical expedients, which allowed the Company to not reassess whether any existing contracts contain a lease, to not reassess historical lease classification as operating or finance leases, and to not reassess initial direct costs. The Company has not elected the practical expedient to use hindsight to determine the lease term for its leases at transition. The Company combines the lease and non-lease components in determining the ROU assets and related lease obligation. Adoption of this standard resulted in the recording of operating lease ROU assets and corresponding operating lease liabilities as disclosed in financial statements. ROU assets and related lease obligations are recognized at commencement date based on the present value of remaining lease payments over the lease term. 

 

Impairment of Long-lived Assets

 

The Company’s management reviews the carrying values of long-lived assets whenever events and circumstances, such as a significant decline in the asset’s market value, obsolescence or physical damage affecting the asset, significant adverse changes in the assets use, deterioration in the expected level of the assets performance, cash flows for maintaining the asset are higher than forecast, indicate that the net book value of an asset may not be recovered through expected future cash flows from its use and eventual disposition. If the estimated cash flows from the use of the asset and its eventual disposition are below the asset’s carrying value, then the asset is deemed to be impaired and written down to its fair value.

 

There was no impairment charge recognized for long-lived assets for the periods ended June 30, 2024 and December 31, 2023.

 

Fair Value Measurement

 

Fair Value Measurements and Disclosures requires disclosure of the fair value of financial instruments held by the Company. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

 

●

Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.

 

●

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

 

●

Level 3 inputs to the valuation methodology use one or more unobservable inputs which are significant to the fair value measurement. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

 

F-9

 

 

For the Company’s financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, other receivables, accounts payable, other current liabilities, and bank loans, the carrying amounts approximate their fair values due to their short maturities as of June 30, 2024 and December 31, 2023.

 

Value-added Tax (“VAT”)

 

Sales revenue represents the invoiced value of goods, net of VAT. All of the Company’s products that are sold in the PRC are subject to a VAT on the gross sales price.  The Company is subject to a VAT rate of 17% before May 1, 2018, 16% on and after May 1, 2018, and a new VAT rate of 13% effective on April 1, 2019. The VAT may be offset by VAT paid by the Company on raw materials and other materials included in the cost of producing or acquiring its finished products.

 

Revenue Recognition 

 

The Company generates its revenues mainly from sales of electrical products, such as electrical converters and inverters, to third-party customers, who are mainly distributors and retailers. The Company follows Financial Accounting Standards Board (FASB) ASC 606 and accounting standards updates (“ASU”) 2014-09 for revenue recognition. On January 1, 2018, the Company has early adopted ASU 2014-09, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. The Company considers revenue realized or realizable and earned when all the five following criteria are met: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation.

 

The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a customer. As part of its consideration of the contract, the Company evaluates certain factors including the customer’s ability to pay (or credit risk). For each contract, the Company considers the promise to transfer products, each of which is distinct, to be the identified performance obligations. In the principal versus agent consideration, since no another party is involved in transactions, the Company is a principal.

 

In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net consideration to which the Company expects to be entitled. The Company analyzed historical refund claims for defective products, and since no warranty, discount or return policy are documented in the sales agreements, the Company concluded that they have been immaterial.

 

Revenues are reported net of all value added taxes. As the Company’s standard payment terms are less than one year, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component. The Company allocates the transaction price to each distinct product based on their relative standalone selling price.

 

Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied at a point in time), which typically occurs at delivery. For international sales, the Company sells its products primarily under the free onboard (“FOB”) shipping point term. For sales under the FOB shipping point term, the Company recognizes revenues when products are delivered from Company to the designated shipping point. Prices are determined based on negotiations with the Company’s customers and are not subject to adjustment. 

 

Rental income

 

Rental income is from subleasing part of the leased assets under operating leases, and it is recognized in the statements of comprehensive income on a straight-line basis over the term of the lease.

 

F-10

 

 

Government Grant 

 

Government grants are compensation for expenses already incurred or for the purpose of giving immediate financial support to the Company. The government evaluates the Company’s eligibility for the grants on a consistent basis, and then makes the payment. Therefore, there are no restrictions on the grants.  

 

Government grants are recognized when received and all the conditions for their receipt have been met. The grants received were $36,036 and $109,472 for the six months ended June 30, 2024 and 2023, respectively, which were included in other income on Income Statement.

 

Research and Development Costs

 

Research and development activities are directed toward the development of new products as well as improvements in existing processes. These costs, which primarily include salaries, contract services and supplies, are expensed as incurred.

  

Shipping and Handling Costs

 

Shipping and handling costs are expensed when incurred and are included in selling and marketing expenses. Shipping and handling costs were $70,051 and $92,087 for the six months ended June 30, 2024 and 2023, respectively.

 

Advertising Costs

 

Advertising costs are expensed as incurred in accordance with ASC 720-35, “Selling and Marketing Expenses-Advertising Costs”. Advertising costs were $66,621 and $26,114 for the six months ended June 30, 2024 and 2023, respectively.

 

Income Taxes

 

The Company accounts for income taxes using the asset and liability method whereby it calculates deferred tax assets or liabilities for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and credits by applying enacted tax rates applicable to the years in which those temporary differences are expected to be reversed or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. The components of the deferred tax assets and liabilities are individually classified as non-current amounts.

 

The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.

 

To the extent applicable, the Company records interest and penalties as other expense. All the tax returns of the Company’s PRC subsidiaries remain subject to examination by PRC tax authorities for five years from the date of filing. The fiscal year for tax purposes in PRC is December 31.

 

The Company and its subsidiaries are not subject to U.S. tax laws and local state tax laws. The Company’s income and that of its related entities must be computed in accordance with Chinese and foreign tax laws, as applicable, and all of which may be changed in a manner that could adversely affect the amount of distributions to shareholders. There can be no assurance that the Income Tax Laws of PRC will not be changed in a manner that adversely affects shareholders. Any such change could increase the amount of tax payable by the Company, reducing the amount available to pay dividends to the holders of the Company’s ordinary shares.

 

F-11

 

 

Earnings Per Share

 

Earnings (loss) per share is calculated in accordance with ASC 260 Earnings per Share. Basic earnings (loss) per share is computed by dividing the net income (loss) attributable to shareholders of the Company by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share are computed in accordance with the treasury stock method and based on the weighted average number of ordinary shares and dilutive ordinary share equivalents. Dilutive ordinary share equivalents are excluded from the computation of diluted earnings per share if their effects would be anti-dilutive. There were no dilutive ordinary share equivalents outstanding during the six months ended June 30, 2024 and 2023.

 

The Company did not use the two-class method to compute net income per ordinary share, because it did not have other issued securities other than ordinary shares. Class A and Class B shares are both ordinary shares, and per Article 6 in Memorandum and Articles of Association (amended and restated), they have the same rights, preferences, privileges, and restrictions, except for voting and conversion rights. 

 

Comprehensive income/(loss)

 

Comprehensive income/(loss) is defined as the changes in shareholders’ equity during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive income or loss is reported in the consolidated statements of comprehensive income/(loss). Accumulated other comprehensive income/(loss), as presented on the accompanying consolidated balance sheets, consists of accumulated foreign currency translation adjustments.

 

Certain Risks and Concentration

 

Exchange Rate Risks

 

The Company operates in PRC, which may give rise to significant foreign currency risks mainly from fluctuations and the degree of volatility of foreign exchange rates between the USD and the RMB.

 

Currency Convertibility Risks

 

Substantially all the Company’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with other information such as suppliers’ invoices, shipping documents and signed contracts.

 

Concentration of Credit Risks

 

Financial instruments that potentially subject the Company to concentration of credit risks consist primarily of cash and cash equivalents, restricted cash, notes receivable. The Company places its cash and cash equivalents, restricted cash, and note receivable in good credit quality financial institutions in Hong Kong and PRC. Concentration of credit risks with respect to accounts receivables is linked to the concentration of revenue. To manage credit risk, the Company performs ongoing credit evaluations of customers’ financial condition.

 

Interest Rate Risks

 

The Company is subject to interest rate risk. The Company has bank interest bearing loans charged at variable interest rates. And although some bank interest bearing loans are charged at fixed interest rates within the reporting period, the Company is still subject to the risk of adverse changes in the interest rates charged by the banks when these loans are refinanced.

 

Risks and Uncertainties

 

The operations of the Company are located in the PRC. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in the PRC. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note1, this may not be indicative of future results.

 

F-12

 

 

Liquidity Risks

 

Our primary sources of liquidity consist of existing cash balances, cash flows from our operating activities and availability under our revolving credit facility. Our ability to generate sufficient cash flows from our operating activities is primarily dependent on our sales of converters and power generating products to our customers at margins sufficient to cover fixed and variable expenses.

 

As of June 30, 2024, and December 31, 2023, we had cash and cash equivalents of $1,103,939 and $5,878,434, respectively. We believe that our current cash, cash to be generated from our operations and access to loans from our related parties will be sufficient to meet our working capital needs for at least the next twelve months. Although we do not have any amounts committed to be provided by our related parties, due to their relatively small amounts, we do not believe our working capital needs will be negatively impacted without such funds provided by related parties.   We are also not dependent upon this offering to meet our liquidity needs for the next twelve months. However, we plan to expand our business to implement our growth strategies in our existing market and strengthen our position in the marketplace. To do so, we will need more capital through equity financing to increase our production and meet market demands.

 

NOTE 3 – ACCOUNTS RECEIVABLE

 

Accounts receivable as of June 30, 2024 and December 31, 2023 consisted of the following:

 

		June 30, 2024				December 31, 2023
Accounts receivable		$	10,395,061			$	6,292,469
Less: allowance for doubtful accounts			(38,376	)			(39,280	)
Accounts receivable, net		$	10,356,685			$	6,253,189

 

The average accounts receivable turnover period was approximately 117 days and 145 days for the fiscal periods ended June 30, 2024 and December 31, 2023, respectively.

 

Changes of allowance for doubtful accounts for the fiscal periods ended June 30, 2024 and December 31, 2023 were as follow:

 

		June 30, 2024				December 31, 2023
Beginning balance		$	(39,280	)		$	(2,478	)
Provision adjustment for accounts receivable			-				(36,972	)
Exchange difference			904				170
Ending balance		$	(38,376	)		$	(39,280	)

 

F-13

 

 

NOTE 4 – INVENTORIES

 

Inventories as of June 30, 2024 and December 31, 2023 consisted of the following:

 

		June 30, 2024				December 31, 2023
Raw materials		$	7,426,338			$	5,687,671
Work in process			1,300,647				916,997
Finished goods			970,021				546,208
Inventory valuation allowance			(92,243	)			(94,417	)
Total		$	9,604,763			$	7,056,459

 

The inventory valuation allowance recognized for the fiscal periods ended June 30, 2024 and December 31, 2023 was $0 and $81,621, respectively. There were no write-offs for the fiscal periods ended June 30, 2024 and December 31, 2023.

 

NOTE 5 – ADVANCES TO SUPPLIERS AND OTHER

 

Advances to suppliers and other as of June 30, 2024 and December 31, 2023 consisted of the following:

 

		June 30, 2024				December 31, 2023
Advance to suppliers		$	7,184,132			$	1,747,551
Advance payment for potential factory lease and land purchase			1,000,000				1,000,000
Total			8,184,132				2,747,551

 

As of June 30, 2024 and December 31, 2023, there was an advance payment in the amount of $1,000,000, which was related to a potential long-term lease of customized factory for the purpose of expanding business in the energy storage industry.

 

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment as of June 30, 2024 and December 31, 2023 consisted of the following:

 

		June 30, 2024				December 31, 2023
Machinery and equipment		$	2,161,133			$	2,133,142
Transportation vehicles			444,000				423,812
Electronic devices			128,165				126,342
Office furniture and equipment			86,277				60,196
Construction in progress			467,773				21,619
Building			488,834				500,353
Total property plant and equipment, at cost			3,776,183				3,265,464
Less: accumulated depreciation			(1,511,953	)			(1,340,489	)
Property, plant and equipment, net		$	2,264,230			$	1,924,975

 

As of June 30, 2024 and December 31, 2023, the Company had no impaired or pledged property and equipment.

 

Additions to property and equipment for the fiscal periods ended June 30, 2024 and December 31, 2023 were $590,133 and $696,772, respectively. There were no disposals during these periods.

 

Depreciation expenses were $203,787 and $186,658 for the six months ended June 30, 2024 and 2023, respectively

 

The depreciation expenses included in cost of sales during the periods ended June 30, 2024 and 2023 were $111,373 and $120,074, respectively. 

 

F-14

 

 

NOTE 7 – INTANGIBLE ASSETS

 

Intangible assets as of June 30, 2024 and December 31, 2023 consisted of the following: 

 

		June 30, 2024				December 31, 2023
Intangible assets
Cost		$	37,497			$	12,761
Accumulated amortization			(6,379	)			(4,199	)
Additions, at cost			11,628				25,620
Amortization current period			(2,352	)			(2,329	)
Intangible assets, net		$	40,394			$	31,853

 

The intangible assets represent the ERAYAK trademark and the Company’s purchase of patents related to new technologies to produce inverters.

 

There were no disposals for the fiscal periods ended June 30, 2024 and December 31, 2023.

 

During the periods of June 30, 2024 and December 31, 2023, the Company had no impaired or pledged intangibles.   

 

Five succeeding years of amortization are as follows:

 

Year		Amortization				Net carrying value
2025		$	4,913			$	35,481
2026			4,913				30,568
2027			4,913				25,655
2028			4,913				20,742
2029			4,913				15,829

 

NOTE 8 – LEASE

 

The Company has one related party lease for the land where it operates with no option to renew, and the Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. After paid part of the 20-year lease payment, the Company secured the right to use of property, and the lessor, Wenzhou Ailefu Technology Co., Ltd (“Ailefu”), provided the leased assets as guarantee for the Company to apply bank loan, and the lease payment for the future 20 years have been prepaid. The Company sub-leases part of the property and uses rental income to cover part or all of the interest expense on the bank loan. The related bank loan is disclosed in Note 11 – Long-term Loans. Rental income from the sublease is disclosed in Note 17 – Rental Income, Net. Relation between the Company and Ailefu is disclosed in Note 19 – Related Party Transactions.

 

The ending balances of right of use assets were $6,882,172 and $7,338,505 as of June 30, 2024 and December 31, 2023, respectively.

 

NOTE 9 – OTHER NON-CURRENT ASSETS

 

As of June 30, 2024, and December 31, 2023, other non-current assets included a three-year fixed deposit in the amount of RMB 27,400,000, or $3,770,365 and $3,859,209, respectively, in Minsheng Bank, from June 9, 2023, to June 9, 2026. The annual interest rate on the deposit is 3.2%, and early withdrawal before the expiry date is not allowed.

 

NOTE 10 – SHORT-TERM BORROWINGS

 

Short-term borrowings from financial institutions consisted of the following on June 30, 2024:

 

Bank Name			Amount – RMB			Amount – USD				Issuance Date		Expiration Date		Interest
Ningbo Bank				-		$	240,000			2024.05.17		2024.11.13			6.00	%
Ningbo Bank				5,000,000			688,022			2024.06.13		2025.06.13			2.80	%
Minsheng Bank				1,000,000			137,605			2023.06.27		2025.01.03			3.50	%
Total			RMB	6,000,000		$	1,065,627

 

F-15

 

 

Short-term borrowings from financial institutions consisted of the following on December 31, 2023:

  

Bank Name		Amount – RMB				Amount – USD				Issuance Date		Expiration Date		Interest
Minsheng Bank			500,000				70,424			2023.07.10		2024.07.10			4.00	%

 

The Company’s short-term bank borrowings are guaranteed by the Company’s major shareholders, their immediate family members, and related companies.

  

NOTE 11 – LONG-TERM LOANS

 

As of December June 30, 2024, the long-term loan consisted of the following:

 

Description			Amount – RMB				Amount – USD		Issuance Date		Expiration Date				Interest
WeBank Shenzhen				95,238		$	13,105		2023.04.27			2025.05.23			6.6528	%
WeBank Shenzhen				185,714			25,555		2023.07.31			2025.07.23			7.4844	%
WeBank Shenzhen				185,714			25,555		2023.07.26			2025.07.23			7.4844	%
WeBank Shenzhen				133,333			18,347		2023.09.05			2025.08.23			7.2198	%
WeBank Shenzhen				357,143			49,144		2023.09.12			2025.09.23			7.2198	%
WeBank Shenzhen				200,000			27,521		2024.02.26			2026.02.23			6.8760	%
WeBank Shenzhen				300,000			41,282		2024.03.29			2026.03.23			6.8760	%
WeBank Shenzhen				300,000			41,282		2024.04.12			2026.04.23			6.9500	%
Longwan Rural Commercial Bank				1,200,000			165,125		2023.06.05			2026.05.30			6.6	%
Longwan Rural Commercial Bank				1,750,000			240,808		2023.06.05			2026.05.30			6.6	%
Minsheng Bank				9,000,000			1,238,442		2023.07.11			2026.07.03			4	%
Subtotal				13,707,142			1,886,166
Current portion of long-term loans				(1,277,777	)		(175,828)
Total			RMB	12,429,365		$	1,710,338

 

As of December 31, 2023, the long-term loans consisted of the following:

 

Description			Amount – RMB			Amount – USD			Issuance Date				Expiration Date		Interest
WeBank Shenzhen				309,740		$	43,626			2023.01.17			2025.01.23		7.92	%
WeBank Shenzhen				152,381			21,462			2023.04.27			2025.04.23		6.6528	%
WeBank Shenzhen				271,429			38,230			2023.07.26			2025.07.23		7.4844	%
WeBank Shenzhen				271,429			38,230			2023.07.26			2025.07.23		7.4844	%
WeBank Shenzhen				271,429			38,230			2023.07.31			2025.07.23		7.2954	%
WeBank Shenzhen				271,429			38,230			2023.07.31			2025.07.23		7.2954	%
WeBank Shenzhen				190,476			26,828			2023.09.05			2025.08.23		7.2198	%
WeBank Shenzhen				500,000			70,424			2023.09.12			2025.09.23		7.2198
WeBank Shenzhen				200,000			28,169			2023.09.27			2025.09.23		7.5636
Longwan Rural Commercial Bank				1,200,000			169,016			2023.06.05			2026.05.30		6.6	%
Longwan Rural Commercial Bank				1,750,000			246,482			2023.06.05			2026.05.30		6.6	%
Minsheng Bank				9,500,000			1,338,047			2023.07.11			2026.07.03		4	%
Subtotal				14,888,312			2,096,974
Current portion of long-term loans				(1,600,200	)		(225,383	)
Total			RMB	13,288,112		$	1,871,591

 

F-16

 

 

As of June 30, 2024 and December 31, 2023, the long-term loans from Minsheng Bank were secured by the leased property from Ailefu, which is disclosed in Note 8 - Lease.

 

NOTE 12 – SALES

 

Disaggregated sales by types as of June 30, 2024 and 2023 consisted of the following:

 

		2024				2023
Inverters		$	4,804,963			$	4,125,882
Chargers			358,197				228,389
Gasoline generators			3,237,892				4,514,899
Power bank			3,179,242				452,318
Other products			363,609				128,329
Total		$	11,943,904			$	9,449,817

 

There is no warranty, discount or return policy documented in the sales agreements.

 

NOTE 13 – GENERAL AND ADMINISTRATIVE EXPENSES

 

General and administrative expenses as of June 30, 2024 and 2023 consisted of following:

 

		2024				2023
Employee compensation and benefits		$	386,841			$	207,833
Travel and communication expenses			23,377				31,916
Rent and utilities			122,369				30,454
Consulting fees			453,535				682,558
Insurance			10,217				13,680
Depreciation and amortization expenses			63,265				51,636
Sales tax			8,148				36,158
Entertainment			8,640				18,383
Office and miscellaneous			76,676				95,556
Total		$	1,153,066			$	1,168,174

 

NOTE 14 – SELLING AND MARKETING EXPENSES

 

Selling and marketing expenses as of June 30, 2024 and 2023 consisted of the following:

 

		2024				2023
Employee compensation and benefits		$	139,402			$	54,981
Travel and promotion			101,116				47,633
Shipping and handling			70,051				105,514
Insurance			-				8,228
Consulting fee			1,961				6,053
Inspection and certification fees			56,168				67,265
Entertainment			64,454				110,453
Office and miscellaneous			21,689				36,492
Total		$	454,841			$	436,619

 

F-17

 

  

NOTE 15 – RESEARCH AND DEVELOPMENT EXPENSES

 

Research and development expenses as of June 30, 2024 and 2023 consisted of the following:

 

		2024				2023
Salaries		$	336,161			$	210,995
Contract services and supplies			456,370				238,637
Utility			1,484				1,215
Design cost			6,237				14,047
Depreciation			10,630				12,883
Other			17,130				3,925
Total		$	828,013			$	481,702

 

NOTE 16 – INTEREST EXPENSES, NET

 

Interest expenses as of June 30, 2024 and 2023 consisted of the following:

 

		2024				2023
Interest expense		$	(72,634	)		$	(238,269	)
Interest income			8,046				38,557
Total interest expense, net		$	(64,588	)		$	(199,712	)

 

NOTE 17 – RENTAL INCOME, NET

 

The Company subleases part of the leased assets on a straight-line basis to other third parties. The lease terms with lessees vary and usually start from two years. Rental income as of June 30, 2024 and 2023 consisted of the following:

 

		2024				2023
Rental income		$	158,544			$	213,405
Rental expense			(49,095	)			(110,693	)
Total rental income, net		$	109,449			$	102,712

 

 

NOTE 18 – OTHER INCOME, NET

 

The following table shows the detail of net other income (expenses) for the six-month periods ended June 30, 2024 and 2023:

 

		2024				2023
Government grant		$	36,036			$	109,472
Exchange gains (losses)			77,346				(14,153	)
Bank charges			(3,975	)			(6,648	)
Miscellaneous income			43,774				4,627
Miscellaneous expenses			(7,230	)			(88,627	)
Total other income (expenses), net		$	145,952			$	4,671

 

F-18

 

   

NOTE 19 – RELATED PARTY TRANSACTIONS

 

1) Nature of relationships with related parties

 

Name		Relationship with the Company
Wenzhou Ailefu Technology Co. Ltd. (“Ailefu”)		An entity 100% owned by Xiangze
Hangzhou Xiangze Trading Co. Ltd. (“Xiangze”)		An entity 100% owned by Lingyi Kong
Wenzhou Weidi Technology Co. Ltd. (“Weidi”)		An entity 100% owned by Chuanlong Lin’s wife
Shanghai Fushishenye Mechanical and Electrical Equipment Co. Ltd. (“Fushishenye”)		An entity with Lingyi Kong as legal rep
Ruian Xiaobai New Energy Automobile Rental Co. Ltd. (“Xiaobai”)		An entity 30% owned by Shengling Xiang
Chuanlong Lin		Relative of Lingyi Kong; former controlling shareholder of New Focus
Shengling Xiang		Executive and legal rep of the Company
Lingyi Kong		Controlling shareholder of the Company
Chunhua Xiang		Relative of Lingyi Kong

 

2) Related party balances

 

Net outstanding balances with related parties consisted of the following as of June 30, 2024 and December 31, 2023:

 

Accounts		Name of related parties		June 30, 2024				December 31, 2023
Due to related party		Lingyi Kong			(2,186,790	)			(1,877,489	)
		Wenzhou Ailefu Technology Co. Ltd.			-				(405,640	)
Total due to related parties				$	(2,186,790	)		$	(2,283,129	)

 

NOTE 20 – SHAREHOLDERS’ EQUITY

 

Ordinary shares

 

The Company is authorized to issue 500,000,000 ordinary shares of par value of $0.0001 each, comprising of: (i) 450,000,000 Class A Ordinary Shares of par value of USD 0.0001 each, and (ii) 50,000,000 Class B Ordinary Shares of par value of USD 0.0001 each. There are currently 27,000,000 issued and outstanding Class A Ordinary Shares and 1,000,000 issued and outstanding Class B Ordinary Shares.

 

Holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on all resolutions submitted to a vote by the Members. Each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings of the Company, and each Class B ordinary share shall entitle the holder thereof to twenty (20) votes on all matters subject to vote at general meetings of the Company. Each Class B Ordinary Share is convertible into one (1) Class A Ordinary Share at any time at the option of the holder thereof. In no event shall Class A Ordinary Shares be convertible into Class B Ordinary Shares. Save and except for voting rights and conversion rights, the Class A Ordinary Shares and the Class B Ordinary Shares shall rank pari passu with one another and shall have the same rights, preferences, privileges and restrictions.

 

F-19

 

 

Initial Public Offering

 

On December 14, 2022, the Company consummated its initial public offering (“IPO”) of 3,000,000 Class A ordinary shares at a price of $4.00 per share, generating gross proceeds to the Company of $12,000,000 before deducting underwriting discounts and commissions and offering expenses. After deducting underwriting discounts, commissions and expenses related to the offering, the Company recorded $10,646,322 (with $1,200 in par value and $10,645,122 in additional paid in capital) net proceeds from its initial public offering. The underwriter was granted a 45-day over-allotment option to purchase up to an additional 450,000 Class A ordinary shares at the initial public offering price. Meanwhile, other costs incurred in the IPO totaled $1,061,170, the main nature of which was professional fees. As a result, Class A shares increased by $300, and additional paid-in capital increased by $9,584,612.

 

Private Placement

 

On May 20, 2024, the Company entered into securities purchase agreements (the “Securities Purchase Agreements”) with certain purchasers (“Purchasers”) in connection with the issuance and sale (the “Private Placement”) of (i) an aggregate of 16,000,000 Class A ordinary shares, par value US$0.0001 per share, of the Company (the “Class A Ordinary Shares”) and (ii) warrants (the “Warrants,” together with the Class A Ordinary Shares, the “Securities”) to purchase an aggregate of 32,000,000 Class A Ordinary Shares at an exercise price of $0.50 per share, subject to adjustment as provided therein, for an aggregate of purchase price of $8,000,000. The Warrants will become exercisable for cash or on a cashless basis upon issuance and will expire three years after the issuance date.

  

Statutory Reserve

 

The Company’s PRC subsidiaries are required to make appropriations to certain reserve funds, comprising the statutory surplus reserve and the discretionary surplus reserve, based on after-tax net income determined in accordance with generally accepted accounting principles of the PRC (“PRC GAAP”). Appropriations to the statutory surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is equal to 50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion of the Board of Directors of each of the PRC subsidiaries. The reserved amount as determined pursuant to PRC statutory laws totaled $1,113,170 as of June 30, 2024 and December 31, 2023.

 

Under PRC laws and regulations, paid in capital, additional paid in capital, and statutory surplus reserves are restricted to set-off against losses, expansion of production and operation and increasing registered capital of the respective company and are not distributable other than upon liquidation. The reserves are not allowed to be transferred to the Company in terms of cash dividends, loans or advances, nor allowed for distribution except under liquidation.  

   

NOTE 21 – COMMITMENTS AND CONTINGENCIES

 

As of June 30, 2024 and December 31, 2023, the Company had one lease, which has been disclosed under right of use lease assets in Note 8 – Leases.

 

From time to time, the Company is involved in various legal proceedings, claims and other disputes arising from commercial operations, employees, and other matters which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. Although the Company can give no assurances about the resolution of pending claims, litigation or other disputes and the effect such outcomes may have on the Company, the Company believes that any ultimate liability resulting from the outcome of such proceedings to the extent not otherwise provided or covered by insurance, will not have a material adverse effect on our consolidated financial position or results of operations or liquidity. As of June 30, 2024 and December 31, 2023, the Company had no pending legal proceedings outstanding.  

 

F-20

 

Document And Entity Information	6 Months Ended
	Jun. 30, 2024
Document Information Line Items
Entity Registrant Name	Erayak Power Solution Group Inc.
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001825875
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity File Number	001-41568

Interim Consolidated Balance Sheets	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Current assets:
Cash and cash equivalents	$ 1,100,687	$ 5,877,372
Restricted cash	3,252	1,062
Accounts receivable, net	10,356,685	6,253,189
Inventories, net	9,604,763	7,056,459
Advances to suppliers	8,184,132	2,747,551
Other receivables	168,955	162,557
Total current assets	29,418,474	22,098,190
Property, plant and equipment, net	2,264,230	1,924,975
Intangible assets, net	40,394	31,853
Right-of-use assets	6,882,172	7,338,505
Deferred tax assets	31,785	32,534
Other non-current assets	3,770,365	3,859,209
TOTAL ASSETS	42,407,420	35,285,266
Current liabilities:
Short-term borrowings	1,065,627	70,424
Accounts payable	7,957,957	5,689,101
Accrued expenses and other current liabilities	1,165,636	3,519,598
Advances from customers	901,799	357,383
Long-term loans – current portion	175,828	225,383
Tax payable	576,338	1,066,569
Total current liabilities:	14,029,975	13,211,587
Non-current liabilities:
Long-term loans	1,710,338	1,871,591
TOTAL LIABILITIES	15,740,313	15,083,178
COMMITMENTS AND CONTINGENCIES
Shareholders’ Equity:
Additional paid-in capital	18,643,522	10,645,122
Statutory reserve	1,113,170	1,113,170
Retained earnings	8,128,675	9,187,215
Accumulated other comprehensive loss	(1,221,060)	(744,619)
Total Shareholders’ equity	26,667,107	20,202,087
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	42,407,420	35,285,266
Related Party
Current liabilities:
Due to related parties	2,186,790	2,283,129
Class A Ordinary Shares
Shareholders’ Equity:
Ordinary shares value	2,700	1,100
Class B Ordinary Shares
Shareholders’ Equity:
Ordinary shares value	$ 100	$ 100

Interim Consolidated Balance Sheets (Parentheticals) - shares	Jun. 30, 2024	Dec. 31, 2023
Class A Ordinary Shares
Ordinary shares authorized	450,000,000	450,000,000
Ordinary shares issued	27,000,000	11,000,000
Ordinary shares outstanding	27,000,000	11,000,000
Class B Ordinary Shares
Ordinary shares authorized	50,000,000	50,000,000
Ordinary shares issued	1,000,000	1,000,000
Ordinary shares outstanding	1,000,000	1,000,000

Unaudited Interim Consolidated Statements of Income and Comprehensive Income - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Sales	$ 11,943,904	$ 9,449,817
Cost of sales	(10,796,299)	(6,619,695)
Gross profit	1,147,605	2,830,122
Operating expenses:
General and administrative	(1,153,066)	(1,168,174)
Selling and marketing	(454,841)	(436,619)
Research and development	(828,013)	(481,702)
Inventory reserve provision		(83,419)
Total operating expenses	(2,435,920)	(2,169,914)
Operating (loss) income	(1,288,315)	660,208
Other income (expenses):
Interest expenses, net	(64,588)	(199,712)
Rental income, net	109,449	102,712
Other income, net	145,952	4,671
Total other income (expenses), net	190,813	(92,329)
(Loss) income before income taxes	(1,097,503)	567,879
Income tax refund (provision)	38,963	(92,707)
Net (loss) income	(1,058,540)	475,172
Other comprehensive income:
Foreign currency translation adjustment	(476,440)	(659,127)
Total comprehensive loss	$ (1,534,980)	$ (183,955)
Earnings per share attributable to common shareholders:
Shares (in Shares)	28,000,000	12,000,000
(Loss) earnings per share (in Dollars per share)	$ (0.07)	$ 0.04
Weighted average number of shares outstanding
Weighted average number of shares outstanding, Basic (in Shares)	14,923,923	12,000,000
Weighted average number of shares outstanding, Diluted (in Shares)	14,923,923	12,000,000

Unaudited Interim Consolidated Statements of Changes in Shareholders’ Equity - USD ($)	Ordinary shares Class A shares	Ordinary shares Class B shares	Additional Paid-in Capital	Statutory Reserve	Retained Earnings	Accumulated Other Comprehensive Income (loss)	Total
Balance at Dec. 31, 2022	$ 1,100	$ 100	$ 10,645,122	$ 916,912	$ 8,164,759	$ (383,942)	$ 19,344,051
Balance (in Shares) at Dec. 31, 2022	11,000,000	1,000,000
Foreign currency translation loss						(659,127)	(659,127)
Net income (loss)					475,172		475,172
Balance at Jun. 30, 2023	$ 1,100	$ 100	10,645,122	916,912	8,639,931	(1,043,069)	19,160,096
Balance (in Shares) at Jun. 30, 2023	11,000,000	1,000,000
Balance at Dec. 31, 2023	$ 1,100	$ 100	10,645,122	1,113,170	9,187,215	(744,619)	20,202,087
Balance (in Shares) at Dec. 31, 2023	11,000,000	1,000,000
Foreign currency translation loss						(476,440)	(476,440)
Share issuance	$ 1,600		7,998,400				8,000,000
Share issuance (in Shares)	16,000,000
Net income (loss)					(1,058,540)		(1,058,540)
Balance at Jun. 30, 2024	$ 2,700	$ 100	$ 18,643,522	$ 1,113,170	$ 8,128,675	$ (1,221,060)	$ 26,667,107
Balance (in Shares) at Jun. 30, 2024	27,000,000	1,000,000

Unaudited Interim Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net (loss) income	$ (1,058,540)	$ 475,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	206,157	187,305
Imputed interest expenses		18,146
Right of use lease asset	289,471	254,354
Inventory reserve provision		83,419
Changes in operating assets and liabilities:
Accounts receivable	(4,278,183)	3,731,422
Inventories	(2,730,365)	(1,054,574)
Advances to suppliers	(5,516,436)	2,756,002
Prepaid expenses		(25,000)
Other receivables	(66,429)	(60,832)
Loan receivable		167,429
Accounts payable	2,417,189	(576,122)
Accrued expenses and other current liabilities	(2,210,457)	(109,871)
Advances from customers	556,641	(325,968)
Tax payable	(469,047)	(66,168)
Net cash (used in) provided by operating activities	(12,859,999)	5,454,714
Cash Flows from Investing Activities:
Purchases of property, plant, and equipment	(601,845)	(389,532)
Fixed deposit		(3,954,794)
Net cash used in investing activities	(601,845)	(4,344,326)
Cash Flows from Financing Activities:
Proceeds from short-term borrowings	1,071,767	1,443,356
Repayments on short-term borrowings	(72,999)	(2,446,488)
Proceeds from related parties	3,728,521	9,132,977
Payments to related parties	(3,772,757)	(9,301,896)
Proceeds from share issuance	8,000,000
Proceeds from long-term bank loans	131,670	5,131,230
Repayments on long-term bank loans	(295,380)	(4,578,204)
Net cash provided by (used in) financing activities	8,790,822	(619,025)
Effect of exchange rate changes on cash	(103,473)	(284,958)
Net (decrease) increase in cash and cash equivalents	(4,774,495)	206,405
Cash and cash equivalents at the beginning of period	5,878,434	7,067,247
Cash and cash equivalents at the end of period	1,103,939	7,273,652
Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheet
Cash and cash equivalents	1,100,687	5,773,428
Restricted cash	3,252	1,500,224
Cash and cash equivalents at the end of year	1,103,939	7,273,652
Supplemental disclosures of cash flows information:
Cash paid for income taxes
Cash paid for interest	$ 59,780	$ 218,050

Organization and Nature of Operations	6 Months Ended
	Jun. 30, 2024
Organization and Nature of Operations [Abstract]
ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS   Erayak Power Solution Group Inc. (“Erayak Group”)   Erayak Group was incorporated on June 14, 2019 under the laws of Cayman Islands. Under its memorandum of association, Erayak Group was authorized to issue 500,000,000 ordinary shares of par value of $0.0001 each, comprising of: (i) 450,000,000 Class A Ordinary Shares of par value of USD 0.0001 each, and (ii) 50,000,000 Class B Ordinary Shares of par value of USD 0.0001 each. There are currently 27,000,000 issued and outstanding Class A Ordinary Shares and 1,000,000 issued and outstanding Class B Ordinary Shares.   Erayak Group is a holding company and is currently not actively engaging in any business. Erayak Group’s registered agent is Harneys Fiduciary (Cayman) Limited, and its registered office is on the 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands.   Entity Name   Registered Location   Date of Incorporation   Ownership as of the issuance date of the report Erayak Power Solution Group Inc. (“Erayak Group”)   Cayman Islands   June 14, 2019   Parent Erayak Power Solution Limited (“Erayak BVI’)   British Virgin Island   June 17, 2019   100% by the Parent Erayak Power Solution Hong Kong Limited (“Erayak HK”)   Hong Kong   June 26, 2019   100% by Erayak BVI Ruike Electronics (Wenzhou) Co., Ltd. (“Ruike”)   Wenzhou, China   December 5, 2023   100% by Erayak HK Wenzhou Wenjie Technology Limited (“Wenjie”)   Wenzhou, China   December 11, 2019   100% by Erayak HK Zhejiang Leiya Electronics Limited (“Leiya”)   Wenzhou, China   March 5, 2009   100% by Wenjie Wenzhou New Focus Limited (“New Focus”)   Wenzhou, China   November 21, 2012   100% by Leiya   Erayak Power Solution Limited (“Erayak BVI”)   Erayak BVI was incorporated on June 17, 2019 under the laws of British Virgin Islands. Under its memorandum of association, Erayak BVI is authorized to issue 50,000 ordinary shares of a single class, par value $1 per ordinary share. There are currently 100 issued and outstanding ordinary shares, of which 100% are owned by Erayak Power Solution Group Limited. Erayak BVI is a holding company and is currently not actively engaging in any business. Erayak BVI’s registered agent is Harneys Corporate Services Limited, and its registered office is at Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands.   Erayak Power Solution Hong Kong Limited (“Erayak HK”)   Erayak HK was incorporated on June 26, 2019 under the laws of Hong Kong and is a wholly owned subsidiary of Erayak Power Solution Limited. The paid in capital was $3,900,000 as of June 30, 2024. Erayak HK did not have any operations as of June 30, 2024.   Ruike Electronics (Wenzhou) Co., Ltd. (“Ruike”)   Ruike was incorporated on December 5, 2023 in People’s Republic of China (“China” or “PRC”), and is a wholly owned subsidiary of Erayak Power Solution Hong Kong Limited. Ruike is a wholly foreign owned enterprise organized under the laws of the PRC. The paid in capital was $5,010,035 as of June 30, 2024.   Wenzhou Wenjie Technology Limited (“Wenjie”)   Wenjie was incorporated on December 11, 2019 in People’s Republic of China (“China” or “PRC”), and is a wholly owned subsidiary of Erayak Power Solution Hong Kong Limited. Wenjie is a wholly foreign owned enterprise organized under the laws of the PRC. The paid in capital was $3,000,000 as of June 30, 2024. Wenjie did not have any operations as of June 30, 2024.   Zhejiang Leiya Electronics Limited (“Leiya”)   Leiya was incorporated on March 5, 2009 under the laws of the People’s Republic of China. The paid in capital was RMB 6,900,000 as of June 30, 2024.   The registered principal activities of Leiya are mainly development, production and sales of inverters, chargers and gasoline generators.     Wenzhou New Focus Limited (“New Focus”)   New Focus was incorporated on November 21, 2012 in China, and is a wholly owned subsidiary of Leiya. The paid in capital was RMB 5,000,000 as of June 30, 2024.   The principal activity of New Focus is mainly the sale of Leiya’s products, which involves exports to multiple countries.   Reorganization   In or about April and August 2020, the Company completed corporate reorganization to roll several controlled entities (now referred to as the subsidiaries) into one legal corporation (the Company). Shengling Xiang transferred 10% equity of Leiya to Hecang Limited, a Hong Kong entity’s subsidiary, on January 14, 2020. On April 21, 2020, Wenjie acquired 90% equity of Leiya from Shengling Xiang, and 10% from Hecang Limited. As a result, Leiya’s equity interest is 100% held by Wenjie as of April 21, 2020. On August 12, 2020, Chuanlong Lin transferred 100% equity of New Focus to Leiya. Therefore, Leiya holds 100% of equity interest of New Focus as of August 12, 2020. Shengling Xiang, Hecang Limited, and Chuanlong Lin were holding shares on behalf of Lingyi Kong, and therefore, the Company is under the control of Lingyi Kong both before and after the transactions.   During the years presented in these consolidated financial statements, the control of the entities has never changed (always under the ultimate control of Lingyi Kong).   Accordingly, the combination has been treated as a corporate restructuring (reorganization) of entities under common control and thus the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and in accordance with ASC 805-50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under common control. The consolidation of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements.

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES   Basis of Presentation and Principles of Consolidation   The accompanying consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles in the United Stated of America (“US GAAP”) and have been consistently applied. The accompanying consolidated financial statements include the financial statements of the Company and its majority-owned and controlled subsidiaries. All significant inter-company transactions and balances have been eliminated upon consolidation.   Use of Estimates   The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Such estimates include, but are not limited to, allowances for doubtful accounts, inventory valuation, useful lives of property, plant and equipment, intangible assets, and income taxes related to realization of deferred tax assets and uncertain tax position. Actual results could differ from those estimates.   Foreign Currency Translation   The financial records of the Company’s subsidiaries in People’s Republic of China (“PRC”) are maintained in their local currencies which are Chinese Yuan (“CNY” or “RMB”). Monetary assets and liabilities denominated in currencies other than their local currencies are translated into local currencies at the rates of exchange in effect at the consolidated balance sheet dates. Transactions denominated in currencies other than their local currencies during the year are converted into local currencies at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are recorded in other income/(expense), net in the consolidated statements of income and comprehensive income.   The Company maintained its financial record using the United States dollar (“US dollar”) as the functional currency, while the subsidiaries of the Company in Hong Kong and mainland China maintained their financial records using RMB as the functional currencies. The reporting currency of the Company is US dollar. When translating local financial reports of the Company’s subsidiaries into US dollar, assets and liabilities are translated at the exchange rates at the consolidated balance sheet date, equity accounts are translated at historical exchange rates and revenue, expenses, gains and losses are translated at the average rate for the period. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the consolidated statements of income and comprehensive income.   The relevant exchange rates are listed below:       June 30,     June 30,     December 31,       2024     2023     2023                       Period Ended RMB: USD exchange rate     7.2672       7.2513       7.0999   Period Average RMB: USD exchange rate     7.2150       6.9283       7.0809     Cash and Cash Equivalents   Cash and cash equivalents primarily consist of cash and deposits with financial institutions which are unrestricted as to withdrawal and use. Cash equivalents consist of highly liquid investments that are readily convertible to cash generally with original maturities of three months or less when purchased.   Restricted Cash   The Company had bank acceptance notes outstanding with the bank and is required to keep certain amounts on deposit that are subject to withdrawal restrictions. Those notes are generally short term in nature due to their short maturity period of six to nine months; thus, restricted cash is classified as a current asset.   In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts presented in the statement of cash flows. The Company adopted the new standard effective January 1, 2018, using the retrospective transition method.   As of June 30, 2024, and December 31, 2023, restricted cash was $3,252 and $1,062, respectively.   Accounts Receivable, net   Accounts receivables are recognized and carried at the original invoiced amount less an estimated allowance for uncollectible accounts. The Company usually determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Company establishes a provision for doubtful receivables when there is objective evidence that the Company may not be able to collect amounts due. The allowance is based on management’s best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. Based on management of customers’ credit and ongoing relationship, management makes conclusions whether any balances outstanding at the end of the period will be deemed uncollectible on an individual basis and on aging analysis basis. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.   Inventories   Inventories are stated at the lower of cost or net realizable value. Cost is principally determined using the weighted-average method. The Company records adjustments to inventory for excess quantities, obsolescence or impairment when appropriate to reflect inventory at net realizable value. These adjustments are based upon a combination of factors including current sales volume, market conditions, lower cost or market analysis and the expected realizable value of the inventory.    Advances to Suppliers   Advances to suppliers refer to advances for purchase of materials or services, which are applied against accounts payable when the materials or services are received.   The Company reviews a supplier’s credit history and background information before advancing a payment. If the financial condition of its suppliers were to deteriorate, resulting in an impairment of their ability to deliver goods or provide services, the Company would write off such an amount in the period when it is considered impaired. As of June 30, 2024 and December 31, 2023, the Company had no write-offs for advances to suppliers.   Advances from Customers   Advances from customers refer to advances received from customers, which are applied against accounts receivable when products are sold.   Property, Plant and Equipment, net   Property, plant, and equipment are recorded at cost less accumulated depreciation. Depreciation commences upon placing the asset in use and is recognized on a straight-line basis over the estimated useful lives of the assets with 5% of residual value, as follows:       Useful lives Buildings   10 years Machinery and equipment   3-10 years Transportation vehicles   4 years Office furniture and equipment   5-10 years Electronic equipment   2-5 years   Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of income and other comprehensive income in other income or expenses.   Intangible Assets   Intangible assets consist of patents and a trademark. Intangible assets are amortized using the straight-line method with the following estimated useful lives:       Useful lives Patents   10 years Trademark   10 years   Leases/Right of use assets     Effective January 1, 2018, the Company adopted the new lease accounting standard using a modified retrospective transition method which allowed the Company not to recast comparative periods presented in its consolidated financial statements. In addition, the Company elected the package of practical expedients, which allowed the Company to not reassess whether any existing contracts contain a lease, to not reassess historical lease classification as operating or finance leases, and to not reassess initial direct costs. The Company has not elected the practical expedient to use hindsight to determine the lease term for its leases at transition. The Company combines the lease and non-lease components in determining the ROU assets and related lease obligation. Adoption of this standard resulted in the recording of operating lease ROU assets and corresponding operating lease liabilities as disclosed in financial statements. ROU assets and related lease obligations are recognized at commencement date based on the present value of remaining lease payments over the lease term.    Impairment of Long-lived Assets   The Company’s management reviews the carrying values of long-lived assets whenever events and circumstances, such as a significant decline in the asset’s market value, obsolescence or physical damage affecting the asset, significant adverse changes in the assets use, deterioration in the expected level of the assets performance, cash flows for maintaining the asset are higher than forecast, indicate that the net book value of an asset may not be recovered through expected future cash flows from its use and eventual disposition. If the estimated cash flows from the use of the asset and its eventual disposition are below the asset’s carrying value, then the asset is deemed to be impaired and written down to its fair value.   There was no impairment charge recognized for long-lived assets for the periods ended June 30, 2024 and December 31, 2023.   Fair Value Measurement   Fair Value Measurements and Disclosures requires disclosure of the fair value of financial instruments held by the Company. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:     ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.     ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.     ● Level 3 inputs to the valuation methodology use one or more unobservable inputs which are significant to the fair value measurement. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.   For the Company’s financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, other receivables, accounts payable, other current liabilities, and bank loans, the carrying amounts approximate their fair values due to their short maturities as of June 30, 2024 and December 31, 2023.   Value-added Tax (“VAT”)   Sales revenue represents the invoiced value of goods, net of VAT. All of the Company’s products that are sold in the PRC are subject to a VAT on the gross sales price.  The Company is subject to a VAT rate of 17% before May 1, 2018, 16% on and after May 1, 2018, and a new VAT rate of 13% effective on April 1, 2019. The VAT may be offset by VAT paid by the Company on raw materials and other materials included in the cost of producing or acquiring its finished products.   Revenue Recognition    The Company generates its revenues mainly from sales of electrical products, such as electrical converters and inverters, to third-party customers, who are mainly distributors and retailers. The Company follows Financial Accounting Standards Board (FASB) ASC 606 and accounting standards updates (“ASU”) 2014-09 for revenue recognition. On January 1, 2018, the Company has early adopted ASU 2014-09, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. The Company considers revenue realized or realizable and earned when all the five following criteria are met: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation.   The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a customer. As part of its consideration of the contract, the Company evaluates certain factors including the customer’s ability to pay (or credit risk). For each contract, the Company considers the promise to transfer products, each of which is distinct, to be the identified performance obligations. In the principal versus agent consideration, since no another party is involved in transactions, the Company is a principal.   In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net consideration to which the Company expects to be entitled. The Company analyzed historical refund claims for defective products, and since no warranty, discount or return policy are documented in the sales agreements, the Company concluded that they have been immaterial.   Revenues are reported net of all value added taxes. As the Company’s standard payment terms are less than one year, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component. The Company allocates the transaction price to each distinct product based on their relative standalone selling price.   Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied at a point in time), which typically occurs at delivery. For international sales, the Company sells its products primarily under the free onboard (“FOB”) shipping point term. For sales under the FOB shipping point term, the Company recognizes revenues when products are delivered from Company to the designated shipping point. Prices are determined based on negotiations with the Company’s customers and are not subject to adjustment.    Rental income   Rental income is from subleasing part of the leased assets under operating leases, and it is recognized in the statements of comprehensive income on a straight-line basis over the term of the lease.   Government Grant    Government grants are compensation for expenses already incurred or for the purpose of giving immediate financial support to the Company. The government evaluates the Company’s eligibility for the grants on a consistent basis, and then makes the payment. Therefore, there are no restrictions on the grants.     Government grants are recognized when received and all the conditions for their receipt have been met. The grants received were $36,036 and $109,472 for the six months ended June 30, 2024 and 2023, respectively, which were included in other income on Income Statement.   Research and Development Costs   Research and development activities are directed toward the development of new products as well as improvements in existing processes. These costs, which primarily include salaries, contract services and supplies, are expensed as incurred.    Shipping and Handling Costs   Shipping and handling costs are expensed when incurred and are included in selling and marketing expenses. Shipping and handling costs were $70,051 and $92,087 for the six months ended June 30, 2024 and 2023, respectively.   Advertising Costs   Advertising costs are expensed as incurred in accordance with ASC 720-35, “Selling and Marketing Expenses-Advertising Costs”. Advertising costs were $66,621 and $26,114 for the six months ended June 30, 2024 and 2023, respectively.   Income Taxes   The Company accounts for income taxes using the asset and liability method whereby it calculates deferred tax assets or liabilities for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and credits by applying enacted tax rates applicable to the years in which those temporary differences are expected to be reversed or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. The components of the deferred tax assets and liabilities are individually classified as non-current amounts.   The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.   To the extent applicable, the Company records interest and penalties as other expense. All the tax returns of the Company’s PRC subsidiaries remain subject to examination by PRC tax authorities for five years from the date of filing. The fiscal year for tax purposes in PRC is December 31.   The Company and its subsidiaries are not subject to U.S. tax laws and local state tax laws. The Company’s income and that of its related entities must be computed in accordance with Chinese and foreign tax laws, as applicable, and all of which may be changed in a manner that could adversely affect the amount of distributions to shareholders. There can be no assurance that the Income Tax Laws of PRC will not be changed in a manner that adversely affects shareholders. Any such change could increase the amount of tax payable by the Company, reducing the amount available to pay dividends to the holders of the Company’s ordinary shares.   Earnings Per Share   Earnings (loss) per share is calculated in accordance with ASC 260 Earnings per Share. Basic earnings (loss) per share is computed by dividing the net income (loss) attributable to shareholders of the Company by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share are computed in accordance with the treasury stock method and based on the weighted average number of ordinary shares and dilutive ordinary share equivalents. Dilutive ordinary share equivalents are excluded from the computation of diluted earnings per share if their effects would be anti-dilutive. There were no dilutive ordinary share equivalents outstanding during the six months ended June 30, 2024 and 2023.   The Company did not use the two-class method to compute net income per ordinary share, because it did not have other issued securities other than ordinary shares. Class A and Class B shares are both ordinary shares, and per Article 6 in Memorandum and Articles of Association (amended and restated), they have the same rights, preferences, privileges, and restrictions, except for voting and conversion rights.    Comprehensive income/(loss)   Comprehensive income/(loss) is defined as the changes in shareholders’ equity during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive income or loss is reported in the consolidated statements of comprehensive income/(loss). Accumulated other comprehensive income/(loss), as presented on the accompanying consolidated balance sheets, consists of accumulated foreign currency translation adjustments.   Certain Risks and Concentration   Exchange Rate Risks   The Company operates in PRC, which may give rise to significant foreign currency risks mainly from fluctuations and the degree of volatility of foreign exchange rates between the USD and the RMB.   Currency Convertibility Risks   Substantially all the Company’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with other information such as suppliers’ invoices, shipping documents and signed contracts.   Concentration of Credit Risks   Financial instruments that potentially subject the Company to concentration of credit risks consist primarily of cash and cash equivalents, restricted cash, notes receivable. The Company places its cash and cash equivalents, restricted cash, and note receivable in good credit quality financial institutions in Hong Kong and PRC. Concentration of credit risks with respect to accounts receivables is linked to the concentration of revenue. To manage credit risk, the Company performs ongoing credit evaluations of customers’ financial condition.   Interest Rate Risks   The Company is subject to interest rate risk. The Company has bank interest bearing loans charged at variable interest rates. And although some bank interest bearing loans are charged at fixed interest rates within the reporting period, the Company is still subject to the risk of adverse changes in the interest rates charged by the banks when these loans are refinanced.   Risks and Uncertainties   The operations of the Company are located in the PRC. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in the PRC. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note1, this may not be indicative of future results.   Liquidity Risks   Our primary sources of liquidity consist of existing cash balances, cash flows from our operating activities and availability under our revolving credit facility. Our ability to generate sufficient cash flows from our operating activities is primarily dependent on our sales of converters and power generating products to our customers at margins sufficient to cover fixed and variable expenses.   As of June 30, 2024, and December 31, 2023, we had cash and cash equivalents of $1,103,939 and $5,878,434, respectively. We believe that our current cash, cash to be generated from our operations and access to loans from our related parties will be sufficient to meet our working capital needs for at least the next twelve months. Although we do not have any amounts committed to be provided by our related parties, due to their relatively small amounts, we do not believe our working capital needs will be negatively impacted without such funds provided by related parties.   We are also not dependent upon this offering to meet our liquidity needs for the next twelve months. However, we plan to expand our business to implement our growth strategies in our existing market and strengthen our position in the marketplace. To do so, we will need more capital through equity financing to increase our production and meet market demands.

Accounts Receivable	6 Months Ended
	Jun. 30, 2024
Accounts Receivable [Abstract]
ACCOUNTS RECEIVABLE	NOTE 3 – ACCOUNTS RECEIVABLE   Accounts receivable as of June 30, 2024 and December 31, 2023 consisted of the following:       June 30, 2024     December 31, 2023   Accounts receivable   $ 10,395,061     $ 6,292,469   Less: allowance for doubtful accounts     (38,376 )     (39,280 ) Accounts receivable, net   $ 10,356,685     $ 6,253,189     The average accounts receivable turnover period was approximately 117 days and 145 days for the fiscal periods ended June 30, 2024 and December 31, 2023, respectively.   Changes of allowance for doubtful accounts for the fiscal periods ended June 30, 2024 and December 31, 2023 were as follow:       June 30, 2024     December 31, 2023   Beginning balance   $ (39,280 )   $ (2,478 ) Provision adjustment for accounts receivable     -       (36,972 ) Exchange difference     904       170   Ending balance   $ (38,376 )   $ (39,280 )

Inventories	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
INVENTORIES	NOTE 4 – INVENTORIES   Inventories as of June 30, 2024 and December 31, 2023 consisted of the following:       June 30, 2024     December 31, 2023   Raw materials   $ 7,426,338     $ 5,687,671   Work in process     1,300,647       916,997   Finished goods     970,021       546,208   Inventory valuation allowance     (92,243 )     (94,417 ) Total   $ 9,604,763     $ 7,056,459     The inventory valuation allowance recognized for the fiscal periods ended June 30, 2024 and December 31, 2023 was $0 and $81,621, respectively. There were no write-offs for the fiscal periods ended June 30, 2024 and December 31, 2023.

Advances to Suppliers and Other	6 Months Ended
	Jun. 30, 2024
Advances to Suppliers and Other [Abstract]
ADVANCES TO SUPPLIERS AND OTHER	NOTE 5 – ADVANCES TO SUPPLIERS AND OTHER   Advances to suppliers and other as of June 30, 2024 and December 31, 2023 consisted of the following:       June 30, 2024     December 31, 2023   Advance to suppliers   $ 7,184,132     $ 1,747,551   Advance payment for potential factory lease and land purchase     1,000,000       1,000,000   Total     8,184,132       2,747,551     As of June 30, 2024 and December 31, 2023, there was an advance payment in the amount of $1,000,000, which was related to a potential long-term lease of customized factory for the purpose of expanding business in the energy storage industry.

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 6 – PROPERTY, PLANT AND EQUIPMENT   Property, plant and equipment as of June 30, 2024 and December 31, 2023 consisted of the following:       June 30, 2024     December 31, 2023   Machinery and equipment   $ 2,161,133     $ 2,133,142   Transportation vehicles     444,000       423,812   Electronic devices     128,165       126,342   Office furniture and equipment     86,277       60,196   Construction in progress     467,773       21,619   Building     488,834       500,353   Total property plant and equipment, at cost     3,776,183       3,265,464   Less: accumulated depreciation     (1,511,953 )     (1,340,489 ) Property, plant and equipment, net   $ 2,264,230     $ 1,924,975     As of June 30, 2024 and December 31, 2023, the Company had no impaired or pledged property and equipment.   Additions to property and equipment for the fiscal periods ended June 30, 2024 and December 31, 2023 were $590,133 and $696,772, respectively. There were no disposals during these periods.   Depreciation expenses were $203,787 and $186,658 for the six months ended June 30, 2024 and 2023, respectively   The depreciation expenses included in cost of sales during the periods ended June 30, 2024 and 2023 were $111,373 and $120,074, respectively.

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Intangible Assets [Abstract]
INTANGIBLE ASSETS	NOTE 7 – INTANGIBLE ASSETS   Intangible assets as of June 30, 2024 and December 31, 2023 consisted of the following:        June 30, 2024     December 31, 2023   Intangible assets             Cost   $ 37,497     $ 12,761   Accumulated amortization     (6,379 )     (4,199 ) Additions, at cost     11,628       25,620   Amortization current period     (2,352 )     (2,329 ) Intangible assets, net   $ 40,394     $ 31,853     The intangible assets represent the ERAYAK trademark and the Company’s purchase of patents related to new technologies to produce inverters.   There were no disposals for the fiscal periods ended June 30, 2024 and December 31, 2023.   During the periods of June 30, 2024 and December 31, 2023, the Company had no impaired or pledged intangibles.      Five succeeding years of amortization are as follows:   Year   Amortization     Net carrying value   2025   $ 4,913     $ 35,481   2026     4,913       30,568   2027     4,913       25,655   2028     4,913       20,742   2029     4,913       15,829

Lease	6 Months Ended
	Jun. 30, 2024
Lease [Abstract]
LEASE	NOTE 8 – LEASE   The Company has one related party lease for the land where it operates with no option to renew, and the Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. After paid part of the 20-year lease payment, the Company secured the right to use of property, and the lessor, Wenzhou Ailefu Technology Co., Ltd (“Ailefu”), provided the leased assets as guarantee for the Company to apply bank loan, and the lease payment for the future 20 years have been prepaid. The Company sub-leases part of the property and uses rental income to cover part or all of the interest expense on the bank loan. The related bank loan is disclosed in Note 11 – Long-term Loans. Rental income from the sublease is disclosed in Note 17 – Rental Income, Net. Relation between the Company and Ailefu is disclosed in Note 19 – Related Party Transactions.   The ending balances of right of use assets were $6,882,172 and $7,338,505 as of June 30, 2024 and December 31, 2023, respectively.

Other Non-Current Assets	6 Months Ended
	Jun. 30, 2024
Other Non-Current Assets [Abstract]
OTHER NON-CURRENT ASSETS	NOTE 9 – OTHER NON-CURRENT ASSETS   As of June 30, 2024, and December 31, 2023, other non-current assets included a three-year fixed deposit in the amount of RMB 27,400,000, or $3,770,365 and $3,859,209, respectively, in Minsheng Bank, from June 9, 2023, to June 9, 2026. The annual interest rate on the deposit is 3.2%, and early withdrawal before the expiry date is not allowed.

Short-Term Borrowings	6 Months Ended
	Jun. 30, 2024
Short-Term Borrowings [Abstract]
SHORT-TERM BORROWINGS	NOTE 10 – SHORT-TERM BORROWINGS   Short-term borrowings from financial institutions consisted of the following on June 30, 2024:   Bank Name     Amount – RMB   Amount – USD     Issuance Date   Expiration Date   Interest   Ningbo Bank       -   $ 240,000     2024.05.17   2024.11.13     6.00 % Ningbo Bank       5,000,000     688,022     2024.06.13   2025.06.13     2.80 % Minsheng Bank       1,000,000     137,605     2023.06.27   2025.01.03     3.50 % Total     RMB 6,000,000   $ 1,065,627                     Short-term borrowings from financial institutions consisted of the following on December 31, 2023:    Bank Name   Amount – RMB     Amount – USD     Issuance Date   Expiration Date   Interest   Minsheng Bank     500,000       70,424     2023.07.10   2024.07.10     4.00 %   The Company’s short-term bank borrowings are guaranteed by the Company’s major shareholders, their immediate family members, and related companies.

Long-Term Loans	6 Months Ended
	Jun. 30, 2024
Long-Term Loans [Abstract]
LONG-TERM LOANS	NOTE 11 – LONG-TERM LOANS   As of December June 30, 2024, the long-term loan consisted of the following:   Description     Amount – RMB     Amount – USD   Issuance Date   Expiration Date     Interest   WeBank Shenzhen       95,238   $ 13,105   2023.04.27     2025.05.23     6.6528 % WeBank Shenzhen       185,714     25,555   2023.07.31     2025.07.23     7.4844 % WeBank Shenzhen       185,714     25,555   2023.07.26     2025.07.23     7.4844 % WeBank Shenzhen       133,333     18,347   2023.09.05     2025.08.23     7.2198 % WeBank Shenzhen       357,143     49,144   2023.09.12     2025.09.23     7.2198 % WeBank Shenzhen       200,000     27,521   2024.02.26     2026.02.23     6.8760 % WeBank Shenzhen       300,000     41,282   2024.03.29     2026.03.23     6.8760 % WeBank Shenzhen       300,000     41,282   2024.04.12     2026.04.23     6.9500 % Longwan Rural Commercial Bank       1,200,000     165,125   2023.06.05     2026.05.30     6.6 % Longwan Rural Commercial Bank       1,750,000     240,808   2023.06.05     2026.05.30     6.6 % Minsheng Bank       9,000,000     1,238,442   2023.07.11     2026.07.03     4 % Subtotal       13,707,142     1,886,166                   Current portion of long-term loans       (1,277,777 )   (175,828)                   Total     RMB 12,429,365   $ 1,710,338                     As of December 31, 2023, the long-term loans consisted of the following:   Description     Amount – RMB   Amount – USD   Issuance Date     Expiration Date   Interest   WeBank Shenzhen       309,740   $ 43,626     2023.01.17     2025.01.23   7.92 % WeBank Shenzhen       152,381     21,462     2023.04.27     2025.04.23   6.6528 % WeBank Shenzhen       271,429     38,230     2023.07.26     2025.07.23   7.4844 % WeBank Shenzhen       271,429     38,230     2023.07.26     2025.07.23   7.4844 % WeBank Shenzhen       271,429     38,230     2023.07.31     2025.07.23   7.2954 % WeBank Shenzhen       271,429     38,230     2023.07.31     2025.07.23   7.2954 % WeBank Shenzhen       190,476     26,828     2023.09.05     2025.08.23   7.2198 % WeBank Shenzhen       500,000     70,424     2023.09.12     2025.09.23   7.2198   WeBank Shenzhen       200,000     28,169     2023.09.27     2025.09.23   7.5636   Longwan Rural Commercial Bank       1,200,000     169,016     2023.06.05     2026.05.30   6.6 % Longwan Rural Commercial Bank       1,750,000     246,482     2023.06.05     2026.05.30   6.6 % Minsheng Bank       9,500,000     1,338,047     2023.07.11     2026.07.03   4 % Subtotal       14,888,312     2,096,974                   Current portion of long-term loans       (1,600,200 )   (225,383 )                 Total     RMB 13,288,112   $ 1,871,591                     As of June 30, 2024 and December 31, 2023, the long-term loans from Minsheng Bank were secured by the leased property from Ailefu, which is disclosed in Note 8 - Lease.

Sales	6 Months Ended
	Jun. 30, 2024
Sales [Abstract]
SALES	NOTE 12 – SALES   Disaggregated sales by types as of June 30, 2024 and 2023 consisted of the following:       2024     2023   Inverters   $ 4,804,963     $ 4,125,882   Chargers     358,197       228,389   Gasoline generators     3,237,892       4,514,899   Power bank     3,179,242       452,318   Other products     363,609       128,329   Total   $ 11,943,904     $ 9,449,817     There is no warranty, discount or return policy documented in the sales agreements.

General and Administrative Expenses	6 Months Ended
	Jun. 30, 2024
General and Administrative Expenses [Abstract]
GENERAL AND ADMINISTRATIVE EXPENSES	NOTE 13 – GENERAL AND ADMINISTRATIVE EXPENSES   General and administrative expenses as of June 30, 2024 and 2023 consisted of following:       2024     2023   Employee compensation and benefits   $ 386,841     $ 207,833   Travel and communication expenses     23,377       31,916   Rent and utilities     122,369       30,454   Consulting fees     453,535       682,558   Insurance     10,217       13,680   Depreciation and amortization expenses     63,265       51,636   Sales tax     8,148       36,158   Entertainment     8,640       18,383   Office and miscellaneous     76,676       95,556   Total   $ 1,153,066     $ 1,168,174

Selling and Marketing Expenses	6 Months Ended
	Jun. 30, 2024
Selling and Marketing Expenses [Abstract]
SELLING AND MARKETING EXPENSES	NOTE 14 – SELLING AND MARKETING EXPENSES   Selling and marketing expenses as of June 30, 2024 and 2023 consisted of the following:       2024     2023   Employee compensation and benefits   $ 139,402     $ 54,981   Travel and promotion     101,116       47,633   Shipping and handling     70,051       105,514   Insurance     -       8,228   Consulting fee     1,961       6,053   Inspection and certification fees     56,168       67,265   Entertainment     64,454       110,453   Office and miscellaneous     21,689       36,492   Total   $ 454,841     $ 436,619

Research and Development Expenses	6 Months Ended
	Jun. 30, 2024
Research and Development Expenses [Abstract]
RESEARCH AND DEVELOPMENT EXPENSES	NOTE 15 – RESEARCH AND DEVELOPMENT EXPENSES   Research and development expenses as of June 30, 2024 and 2023 consisted of the following:       2024     2023   Salaries   $ 336,161     $ 210,995   Contract services and supplies     456,370       238,637   Utility     1,484       1,215   Design cost     6,237       14,047   Depreciation     10,630       12,883   Other     17,130       3,925   Total   $ 828,013     $ 481,702

Interest Expenses, Net	6 Months Ended
	Jun. 30, 2024
Interest Expenses, Net [Abstract]
INTEREST EXPENSES, NET	NOTE 16 – INTEREST EXPENSES, NET   Interest expenses as of June 30, 2024 and 2023 consisted of the following:       2024     2023   Interest expense   $ (72,634 )   $ (238,269 ) Interest income     8,046       38,557   Total interest expense, net   $ (64,588 )   $ (199,712 )

Rental Income, Net	6 Months Ended
	Jun. 30, 2024
Rental Income, Net [Abstract]
RENTAL INCOME, NET	NOTE 17 – RENTAL INCOME, NET   The Company subleases part of the leased assets on a straight-line basis to other third parties. The lease terms with lessees vary and usually start from two years. Rental income as of June 30, 2024 and 2023 consisted of the following:       2024     2023   Rental income   $ 158,544     $ 213,405   Rental expense     (49,095 )     (110,693 ) Total rental income, net   $ 109,449     $ 102,712

Other Income, Net	6 Months Ended
	Jun. 30, 2024
Other Income, Net [Abstract]
OTHER INCOME, NET	NOTE 18 – OTHER INCOME, NET   The following table shows the detail of net other income (expenses) for the six-month periods ended June 30, 2024 and 2023:       2024     2023   Government grant   $ 36,036     $ 109,472   Exchange gains (losses)     77,346       (14,153 ) Bank charges     (3,975 )     (6,648 ) Miscellaneous income     43,774       4,627   Miscellaneous expenses     (7,230 )     (88,627 ) Total other income (expenses), net   $ 145,952     $ 4,671

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 19 – RELATED PARTY TRANSACTIONS   1) Nature of relationships with related parties   Name   Relationship with the Company Wenzhou Ailefu Technology Co. Ltd. (“Ailefu”)   An entity 100% owned by Xiangze Hangzhou Xiangze Trading Co. Ltd. (“Xiangze”)   An entity 100% owned by Lingyi Kong Wenzhou Weidi Technology Co. Ltd. (“Weidi”)   An entity 100% owned by Chuanlong Lin’s wife Shanghai Fushishenye Mechanical and Electrical Equipment Co. Ltd. (“Fushishenye”)   An entity with Lingyi Kong as legal rep Ruian Xiaobai New Energy Automobile Rental Co. Ltd. (“Xiaobai”)   An entity 30% owned by Shengling Xiang Chuanlong Lin   Relative of Lingyi Kong; former controlling shareholder of New Focus Shengling Xiang   Executive and legal rep of the Company Lingyi Kong   Controlling shareholder of the Company Chunhua Xiang   Relative of Lingyi Kong   2) Related party balances   Net outstanding balances with related parties consisted of the following as of June 30, 2024 and December 31, 2023:   Accounts   Name of related parties   June 30, 2024     December 31, 2023   Due to related party   Lingyi Kong     (2,186,790 )     (1,877,489 )     Wenzhou Ailefu Technology Co. Ltd.     -       (405,640 ) Total due to related parties       $ (2,186,790 )   $ (2,283,129 )

Shareholders’ Equity	6 Months Ended
	Jun. 30, 2024
Shareholders’ Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 20 – SHAREHOLDERS’ EQUITY   Ordinary shares   The Company is authorized to issue 500,000,000 ordinary shares of par value of $0.0001 each, comprising of: (i) 450,000,000 Class A Ordinary Shares of par value of USD 0.0001 each, and (ii) 50,000,000 Class B Ordinary Shares of par value of USD 0.0001 each. There are currently 27,000,000 issued and outstanding Class A Ordinary Shares and 1,000,000 issued and outstanding Class B Ordinary Shares.   Holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on all resolutions submitted to a vote by the Members. Each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings of the Company, and each Class B ordinary share shall entitle the holder thereof to twenty (20) votes on all matters subject to vote at general meetings of the Company. Each Class B Ordinary Share is convertible into one (1) Class A Ordinary Share at any time at the option of the holder thereof. In no event shall Class A Ordinary Shares be convertible into Class B Ordinary Shares. Save and except for voting rights and conversion rights, the Class A Ordinary Shares and the Class B Ordinary Shares shall rank pari passu with one another and shall have the same rights, preferences, privileges and restrictions.   Initial Public Offering   On December 14, 2022, the Company consummated its initial public offering (“IPO”) of 3,000,000 Class A ordinary shares at a price of $4.00 per share, generating gross proceeds to the Company of $12,000,000 before deducting underwriting discounts and commissions and offering expenses. After deducting underwriting discounts, commissions and expenses related to the offering, the Company recorded $10,646,322 (with $1,200 in par value and $10,645,122 in additional paid in capital) net proceeds from its initial public offering. The underwriter was granted a 45-day over-allotment option to purchase up to an additional 450,000 Class A ordinary shares at the initial public offering price. Meanwhile, other costs incurred in the IPO totaled $1,061,170, the main nature of which was professional fees. As a result, Class A shares increased by $300, and additional paid-in capital increased by $9,584,612.   Private Placement   On May 20, 2024, the Company entered into securities purchase agreements (the “Securities Purchase Agreements”) with certain purchasers (“Purchasers”) in connection with the issuance and sale (the “Private Placement”) of (i) an aggregate of 16,000,000 Class A ordinary shares, par value US$0.0001 per share, of the Company (the “Class A Ordinary Shares”) and (ii) warrants (the “Warrants,” together with the Class A Ordinary Shares, the “Securities”) to purchase an aggregate of 32,000,000 Class A Ordinary Shares at an exercise price of $0.50 per share, subject to adjustment as provided therein, for an aggregate of purchase price of $8,000,000. The Warrants will become exercisable for cash or on a cashless basis upon issuance and will expire three years after the issuance date.    Statutory Reserve   The Company’s PRC subsidiaries are required to make appropriations to certain reserve funds, comprising the statutory surplus reserve and the discretionary surplus reserve, based on after-tax net income determined in accordance with generally accepted accounting principles of the PRC (“PRC GAAP”). Appropriations to the statutory surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is equal to 50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion of the Board of Directors of each of the PRC subsidiaries. The reserved amount as determined pursuant to PRC statutory laws totaled $1,113,170 as of June 30, 2024 and December 31, 2023.   Under PRC laws and regulations, paid in capital, additional paid in capital, and statutory surplus reserves are restricted to set-off against losses, expansion of production and operation and increasing registered capital of the respective company and are not distributable other than upon liquidation. The reserves are not allowed to be transferred to the Company in terms of cash dividends, loans or advances, nor allowed for distribution except under liquidation.

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 21 – COMMITMENTS AND CONTINGENCIES   As of June 30, 2024 and December 31, 2023, the Company had one lease, which has been disclosed under right of use lease assets in Note 8 – Leases.   From time to time, the Company is involved in various legal proceedings, claims and other disputes arising from commercial operations, employees, and other matters which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. Although the Company can give no assurances about the resolution of pending claims, litigation or other disputes and the effect such outcomes may have on the Company, the Company believes that any ultimate liability resulting from the outcome of such proceedings to the extent not otherwise provided or covered by insurance, will not have a material adverse effect on our consolidated financial position or results of operations or liquidity. As of June 30, 2024 and December 31, 2023, the Company had no pending legal proceedings outstanding.

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Significant Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles in the United Stated of America (“US GAAP”) and have been consistently applied. The accompanying consolidated financial statements include the financial statements of the Company and its majority-owned and controlled subsidiaries. All significant inter-company transactions and balances have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Such estimates include, but are not limited to, allowances for doubtful accounts, inventory valuation, useful lives of property, plant and equipment, intangible assets, and income taxes related to realization of deferred tax assets and uncertain tax position. Actual results could differ from those estimates.
Foreign Currency Translation	Foreign Currency Translation The financial records of the Company’s subsidiaries in People’s Republic of China (“PRC”) are maintained in their local currencies which are Chinese Yuan (“CNY” or “RMB”). Monetary assets and liabilities denominated in currencies other than their local currencies are translated into local currencies at the rates of exchange in effect at the consolidated balance sheet dates. Transactions denominated in currencies other than their local currencies during the year are converted into local currencies at the applicable rates of exchange prevailing when the transactions occur. Transaction gains and losses are recorded in other income/(expense), net in the consolidated statements of income and comprehensive income. The Company maintained its financial record using the United States dollar (“US dollar”) as the functional currency, while the subsidiaries of the Company in Hong Kong and mainland China maintained their financial records using RMB as the functional currencies. The reporting currency of the Company is US dollar. When translating local financial reports of the Company’s subsidiaries into US dollar, assets and liabilities are translated at the exchange rates at the consolidated balance sheet date, equity accounts are translated at historical exchange rates and revenue, expenses, gains and losses are translated at the average rate for the period. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the consolidated statements of income and comprehensive income. The relevant exchange rates are listed below:     June 30,     June 30,     December 31,       2024     2023     2023                       Period Ended RMB: USD exchange rate     7.2672       7.2513       7.0999   Period Average RMB: USD exchange rate     7.2150       6.9283       7.0809
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents primarily consist of cash and deposits with financial institutions which are unrestricted as to withdrawal and use. Cash equivalents consist of highly liquid investments that are readily convertible to cash generally with original maturities of three months or less when purchased.
Restricted Cash	Restricted Cash The Company had bank acceptance notes outstanding with the bank and is required to keep certain amounts on deposit that are subject to withdrawal restrictions. Those notes are generally short term in nature due to their short maturity period of six to nine months; thus, restricted cash is classified as a current asset. In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts presented in the statement of cash flows. The Company adopted the new standard effective January 1, 2018, using the retrospective transition method.   As of June 30, 2024, and December 31, 2023, restricted cash was $3,252 and $1,062, respectively.
Accounts Receivable, net	Accounts Receivable, net Accounts receivables are recognized and carried at the original invoiced amount less an estimated allowance for uncollectible accounts. The Company usually determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Company establishes a provision for doubtful receivables when there is objective evidence that the Company may not be able to collect amounts due. The allowance is based on management’s best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. Based on management of customers’ credit and ongoing relationship, management makes conclusions whether any balances outstanding at the end of the period will be deemed uncollectible on an individual basis and on aging analysis basis. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is principally determined using the weighted-average method. The Company records adjustments to inventory for excess quantities, obsolescence or impairment when appropriate to reflect inventory at net realizable value. These adjustments are based upon a combination of factors including current sales volume, market conditions, lower cost or market analysis and the expected realizable value of the inventory.
Advances to Suppliers	Advances to Suppliers Advances to suppliers refer to advances for purchase of materials or services, which are applied against accounts payable when the materials or services are received. The Company reviews a supplier’s credit history and background information before advancing a payment. If the financial condition of its suppliers were to deteriorate, resulting in an impairment of their ability to deliver goods or provide services, the Company would write off such an amount in the period when it is considered impaired. As of June 30, 2024 and December 31, 2023, the Company had no write-offs for advances to suppliers.
Advances from Customers	Advances from Customers Advances from customers refer to advances received from customers, which are applied against accounts receivable when products are sold.
Property, Plant and Equipment, net	Property, Plant and Equipment, net Property, plant, and equipment are recorded at cost less accumulated depreciation. Depreciation commences upon placing the asset in use and is recognized on a straight-line basis over the estimated useful lives of the assets with 5% of residual value, as follows:     Useful lives Buildings   10 years Machinery and equipment   3-10 years Transportation vehicles   4 years Office furniture and equipment   5-10 years Electronic equipment   2-5 years Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of income and other comprehensive income in other income or expenses.
Intangible Assets	Intangible Assets Intangible assets consist of patents and a trademark. Intangible assets are amortized using the straight-line method with the following estimated useful lives:     Useful lives Patents   10 years Trademark   10 years
Leases/Right of use assets	Leases/Right of use assets   Effective January 1, 2018, the Company adopted the new lease accounting standard using a modified retrospective transition method which allowed the Company not to recast comparative periods presented in its consolidated financial statements. In addition, the Company elected the package of practical expedients, which allowed the Company to not reassess whether any existing contracts contain a lease, to not reassess historical lease classification as operating or finance leases, and to not reassess initial direct costs. The Company has not elected the practical expedient to use hindsight to determine the lease term for its leases at transition. The Company combines the lease and non-lease components in determining the ROU assets and related lease obligation. Adoption of this standard resulted in the recording of operating lease ROU assets and corresponding operating lease liabilities as disclosed in financial statements. ROU assets and related lease obligations are recognized at commencement date based on the present value of remaining lease payments over the lease term.
Impairment of Long-lived Assets	Impairment of Long-lived Assets The Company’s management reviews the carrying values of long-lived assets whenever events and circumstances, such as a significant decline in the asset’s market value, obsolescence or physical damage affecting the asset, significant adverse changes in the assets use, deterioration in the expected level of the assets performance, cash flows for maintaining the asset are higher than forecast, indicate that the net book value of an asset may not be recovered through expected future cash flows from its use and eventual disposition. If the estimated cash flows from the use of the asset and its eventual disposition are below the asset’s carrying value, then the asset is deemed to be impaired and written down to its fair value. There was no impairment charge recognized for long-lived assets for the periods ended June 30, 2024 and December 31, 2023.
Fair Value Measurement	Fair Value Measurement Fair Value Measurements and Disclosures requires disclosure of the fair value of financial instruments held by the Company. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:   ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.   ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.   ● Level 3 inputs to the valuation methodology use one or more unobservable inputs which are significant to the fair value measurement. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.   For the Company’s financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, other receivables, accounts payable, other current liabilities, and bank loans, the carrying amounts approximate their fair values due to their short maturities as of June 30, 2024 and December 31, 2023.
Value-added Tax (“VAT”)	Value-added Tax (“VAT”) Sales revenue represents the invoiced value of goods, net of VAT. All of the Company’s products that are sold in the PRC are subject to a VAT on the gross sales price.  The Company is subject to a VAT rate of 17% before May 1, 2018, 16% on and after May 1, 2018, and a new VAT rate of 13% effective on April 1, 2019. The VAT may be offset by VAT paid by the Company on raw materials and other materials included in the cost of producing or acquiring its finished products.
Revenue Recognition	Revenue Recognition  The Company generates its revenues mainly from sales of electrical products, such as electrical converters and inverters, to third-party customers, who are mainly distributors and retailers. The Company follows Financial Accounting Standards Board (FASB) ASC 606 and accounting standards updates (“ASU”) 2014-09 for revenue recognition. On January 1, 2018, the Company has early adopted ASU 2014-09, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. The Company considers revenue realized or realizable and earned when all the five following criteria are met: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a customer. As part of its consideration of the contract, the Company evaluates certain factors including the customer’s ability to pay (or credit risk). For each contract, the Company considers the promise to transfer products, each of which is distinct, to be the identified performance obligations. In the principal versus agent consideration, since no another party is involved in transactions, the Company is a principal. In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net consideration to which the Company expects to be entitled. The Company analyzed historical refund claims for defective products, and since no warranty, discount or return policy are documented in the sales agreements, the Company concluded that they have been immaterial. Revenues are reported net of all value added taxes. As the Company’s standard payment terms are less than one year, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component. The Company allocates the transaction price to each distinct product based on their relative standalone selling price. Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied at a point in time), which typically occurs at delivery. For international sales, the Company sells its products primarily under the free onboard (“FOB”) shipping point term. For sales under the FOB shipping point term, the Company recognizes revenues when products are delivered from Company to the designated shipping point. Prices are determined based on negotiations with the Company’s customers and are not subject to adjustment.
Rental income	Rental income Rental income is from subleasing part of the leased assets under operating leases, and it is recognized in the statements of comprehensive income on a straight-line basis over the term of the lease.
Government Grant	Government Grant  Government grants are compensation for expenses already incurred or for the purpose of giving immediate financial support to the Company. The government evaluates the Company’s eligibility for the grants on a consistent basis, and then makes the payment. Therefore, there are no restrictions on the grants.   Government grants are recognized when received and all the conditions for their receipt have been met. The grants received were $36,036 and $109,472 for the six months ended June 30, 2024 and 2023, respectively, which were included in other income on Income Statement.
Research and Development Costs	Research and Development Costs Research and development activities are directed toward the development of new products as well as improvements in existing processes. These costs, which primarily include salaries, contract services and supplies, are expensed as incurred.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs are expensed when incurred and are included in selling and marketing expenses. Shipping and handling costs were $70,051 and $92,087 for the six months ended June 30, 2024 and 2023, respectively.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred in accordance with ASC 720-35, “Selling and Marketing Expenses-Advertising Costs”. Advertising costs were $66,621 and $26,114 for the six months ended June 30, 2024 and 2023, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method whereby it calculates deferred tax assets or liabilities for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and credits by applying enacted tax rates applicable to the years in which those temporary differences are expected to be reversed or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. The components of the deferred tax assets and liabilities are individually classified as non-current amounts. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. To the extent applicable, the Company records interest and penalties as other expense. All the tax returns of the Company’s PRC subsidiaries remain subject to examination by PRC tax authorities for five years from the date of filing. The fiscal year for tax purposes in PRC is December 31. The Company and its subsidiaries are not subject to U.S. tax laws and local state tax laws. The Company’s income and that of its related entities must be computed in accordance with Chinese and foreign tax laws, as applicable, and all of which may be changed in a manner that could adversely affect the amount of distributions to shareholders. There can be no assurance that the Income Tax Laws of PRC will not be changed in a manner that adversely affects shareholders. Any such change could increase the amount of tax payable by the Company, reducing the amount available to pay dividends to the holders of the Company’s ordinary shares.
Earnings Per Share	Earnings Per Share Earnings (loss) per share is calculated in accordance with ASC 260 Earnings per Share. Basic earnings (loss) per share is computed by dividing the net income (loss) attributable to shareholders of the Company by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share are computed in accordance with the treasury stock method and based on the weighted average number of ordinary shares and dilutive ordinary share equivalents. Dilutive ordinary share equivalents are excluded from the computation of diluted earnings per share if their effects would be anti-dilutive. There were no dilutive ordinary share equivalents outstanding during the six months ended June 30, 2024 and 2023. The Company did not use the two-class method to compute net income per ordinary share, because it did not have other issued securities other than ordinary shares. Class A and Class B shares are both ordinary shares, and per Article 6 in Memorandum and Articles of Association (amended and restated), they have the same rights, preferences, privileges, and restrictions, except for voting and conversion rights.
Comprehensive income/(loss)	Comprehensive income/(loss) Comprehensive income/(loss) is defined as the changes in shareholders’ equity during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive income or loss is reported in the consolidated statements of comprehensive income/(loss). Accumulated other comprehensive income/(loss), as presented on the accompanying consolidated balance sheets, consists of accumulated foreign currency translation adjustments.
Certain Risks and Concentration	Certain Risks and Concentration Exchange Rate Risks The Company operates in PRC, which may give rise to significant foreign currency risks mainly from fluctuations and the degree of volatility of foreign exchange rates between the USD and the RMB. Currency Convertibility Risks Substantially all the Company’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with other information such as suppliers’ invoices, shipping documents and signed contracts. Concentration of Credit Risks Financial instruments that potentially subject the Company to concentration of credit risks consist primarily of cash and cash equivalents, restricted cash, notes receivable. The Company places its cash and cash equivalents, restricted cash, and note receivable in good credit quality financial institutions in Hong Kong and PRC. Concentration of credit risks with respect to accounts receivables is linked to the concentration of revenue. To manage credit risk, the Company performs ongoing credit evaluations of customers’ financial condition. Interest Rate Risks The Company is subject to interest rate risk. The Company has bank interest bearing loans charged at variable interest rates. And although some bank interest bearing loans are charged at fixed interest rates within the reporting period, the Company is still subject to the risk of adverse changes in the interest rates charged by the banks when these loans are refinanced. Risks and Uncertainties The operations of the Company are located in the PRC. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in the PRC. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note1, this may not be indicative of future results.   Liquidity Risks Our primary sources of liquidity consist of existing cash balances, cash flows from our operating activities and availability under our revolving credit facility. Our ability to generate sufficient cash flows from our operating activities is primarily dependent on our sales of converters and power generating products to our customers at margins sufficient to cover fixed and variable expenses. As of June 30, 2024, and December 31, 2023, we had cash and cash equivalents of $1,103,939 and $5,878,434, respectively. We believe that our current cash, cash to be generated from our operations and access to loans from our related parties will be sufficient to meet our working capital needs for at least the next twelve months. Although we do not have any amounts committed to be provided by our related parties, due to their relatively small amounts, we do not believe our working capital needs will be negatively impacted without such funds provided by related parties.   We are also not dependent upon this offering to meet our liquidity needs for the next twelve months. However, we plan to expand our business to implement our growth strategies in our existing market and strengthen our position in the marketplace. To do so, we will need more capital through equity financing to increase our production and meet market demands.

Organization and Nature of Operations (Tables)	6 Months Ended
	Jun. 30, 2024
Organization and Nature of Operations [Abstract]
Schedule of Erayak Group’s Registered Agent is Harneys Fiduciary (Cayman) Limited	Erayak Group’s registered agent is Harneys Fiduciary (Cayman) Limited, and its registered office is on the 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands. Entity Name   Registered Location   Date of Incorporation   Ownership as of the issuance date of the report Erayak Power Solution Group Inc. (“Erayak Group”)   Cayman Islands   June 14, 2019   Parent Erayak Power Solution Limited (“Erayak BVI’)   British Virgin Island   June 17, 2019   100% by the Parent Erayak Power Solution Hong Kong Limited (“Erayak HK”)   Hong Kong   June 26, 2019   100% by Erayak BVI Ruike Electronics (Wenzhou) Co., Ltd. (“Ruike”)   Wenzhou, China   December 5, 2023   100% by Erayak HK Wenzhou Wenjie Technology Limited (“Wenjie”)   Wenzhou, China   December 11, 2019   100% by Erayak HK Zhejiang Leiya Electronics Limited (“Leiya”)   Wenzhou, China   March 5, 2009   100% by Wenjie Wenzhou New Focus Limited (“New Focus”)   Wenzhou, China   November 21, 2012   100% by Leiya

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Significant Accounting Policies [Abstract]
Schedule of Relevant Exchange Rates	The relevant exchange rates are listed below:     June 30,     June 30,     December 31,       2024     2023     2023                       Period Ended RMB: USD exchange rate     7.2672       7.2513       7.0999   Period Average RMB: USD exchange rate     7.2150       6.9283       7.0809
Schedule of Property, Plant, and Equipment	Depreciation commences upon placing the asset in use and is recognized on a straight-line basis over the estimated useful lives of the assets with 5% of residual value, as follows:     Useful lives Buildings   10 years Machinery and equipment   3-10 years Transportation vehicles   4 years Office furniture and equipment   5-10 years Electronic equipment   2-5 years
Schedule of Intangible Assets	Intangible assets consist of patents and a trademark. Intangible assets are amortized using the straight-line method with the following estimated useful lives:     Useful lives Patents   10 years Trademark   10 years

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2024
Accounts Receivable [Abstract]
Schedule of Accounts Receivable	Accounts receivable as of June 30, 2024 and December 31, 2023 consisted of the following:     June 30, 2024     December 31, 2023   Accounts receivable   $ 10,395,061     $ 6,292,469   Less: allowance for doubtful accounts     (38,376 )     (39,280 ) Accounts receivable, net   $ 10,356,685     $ 6,253,189
Schedule of Allowance for Doubtful Accounts	Changes of allowance for doubtful accounts for the fiscal periods ended June 30, 2024 and December 31, 2023 were as follow:     June 30, 2024     December 31, 2023   Beginning balance   $ (39,280 )   $ (2,478 ) Provision adjustment for accounts receivable     -       (36,972 ) Exchange difference     904       170   Ending balance   $ (38,376 )   $ (39,280 )

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Schedule of Inventories	Inventories as of June 30, 2024 and December 31, 2023 consisted of the following:     June 30, 2024     December 31, 2023   Raw materials   $ 7,426,338     $ 5,687,671   Work in process     1,300,647       916,997   Finished goods     970,021       546,208   Inventory valuation allowance     (92,243 )     (94,417 ) Total   $ 9,604,763     $ 7,056,459

Advances to Suppliers and Other (Tables)	6 Months Ended
	Jun. 30, 2024
Advances to Suppliers and Other [Abstract]
Schedule of Advances to Suppliers	Advances to suppliers and other as of June 30, 2024 and December 31, 2023 consisted of the following:     June 30, 2024     December 31, 2023   Advance to suppliers   $ 7,184,132     $ 1,747,551   Advance payment for potential factory lease and land purchase     1,000,000       1,000,000   Total     8,184,132       2,747,551

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment as of June 30, 2024 and December 31, 2023 consisted of the following:     June 30, 2024     December 31, 2023   Machinery and equipment   $ 2,161,133     $ 2,133,142   Transportation vehicles     444,000       423,812   Electronic devices     128,165       126,342   Office furniture and equipment     86,277       60,196   Construction in progress     467,773       21,619   Building     488,834       500,353   Total property plant and equipment, at cost     3,776,183       3,265,464   Less: accumulated depreciation     (1,511,953 )     (1,340,489 ) Property, plant and equipment, net   $ 2,264,230     $ 1,924,975

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets [Abstract]
Schedule of Intangible Assets	Intangible assets as of June 30, 2024 and December 31, 2023 consisted of the following:     June 30, 2024     December 31, 2023   Intangible assets             Cost   $ 37,497     $ 12,761   Accumulated amortization     (6,379 )     (4,199 ) Additions, at cost     11,628       25,620   Amortization current period     (2,352 )     (2,329 ) Intangible assets, net   $ 40,394     $ 31,853
Schedule of Amortization	Five succeeding years of amortization are as follows: Year   Amortization     Net carrying value   2025   $ 4,913     $ 35,481   2026     4,913       30,568   2027     4,913       25,655   2028     4,913       20,742   2029     4,913       15,829

Short-Term Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Short-Term Borrowings [Abstract]
Schedule of Short-Term Borrowings	Short-term borrowings from financial institutions consisted of the following on June 30, 2024: Bank Name     Amount – RMB   Amount – USD     Issuance Date   Expiration Date   Interest   Ningbo Bank       -   $ 240,000     2024.05.17   2024.11.13     6.00 % Ningbo Bank       5,000,000     688,022     2024.06.13   2025.06.13     2.80 % Minsheng Bank       1,000,000     137,605     2023.06.27   2025.01.03     3.50 % Total     RMB 6,000,000   $ 1,065,627                     Short-term borrowings from financial institutions consisted of the following on December 31, 2023: Bank Name   Amount – RMB     Amount – USD     Issuance Date   Expiration Date   Interest   Minsheng Bank     500,000       70,424     2023.07.10   2024.07.10     4.00 %

Long-Term Loans (Tables)	6 Months Ended
	Jun. 30, 2024
Long-Term Loans [Abstract]
Schedule of Long-Term Loans	As of December June 30, 2024, the long-term loan consisted of the following: Description     Amount – RMB     Amount – USD   Issuance Date   Expiration Date     Interest   WeBank Shenzhen       95,238   $ 13,105   2023.04.27     2025.05.23     6.6528 % WeBank Shenzhen       185,714     25,555   2023.07.31     2025.07.23     7.4844 % WeBank Shenzhen       185,714     25,555   2023.07.26     2025.07.23     7.4844 % WeBank Shenzhen       133,333     18,347   2023.09.05     2025.08.23     7.2198 % WeBank Shenzhen       357,143     49,144   2023.09.12     2025.09.23     7.2198 % WeBank Shenzhen       200,000     27,521   2024.02.26     2026.02.23     6.8760 % WeBank Shenzhen       300,000     41,282   2024.03.29     2026.03.23     6.8760 % WeBank Shenzhen       300,000     41,282   2024.04.12     2026.04.23     6.9500 % Longwan Rural Commercial Bank       1,200,000     165,125   2023.06.05     2026.05.30     6.6 % Longwan Rural Commercial Bank       1,750,000     240,808   2023.06.05     2026.05.30     6.6 % Minsheng Bank       9,000,000     1,238,442   2023.07.11     2026.07.03     4 % Subtotal       13,707,142     1,886,166                   Current portion of long-term loans       (1,277,777 )   (175,828)                   Total     RMB 12,429,365   $ 1,710,338                   As of December 31, 2023, the long-term loans consisted of the following: Description     Amount – RMB   Amount – USD   Issuance Date     Expiration Date   Interest   WeBank Shenzhen       309,740   $ 43,626     2023.01.17     2025.01.23   7.92 % WeBank Shenzhen       152,381     21,462     2023.04.27     2025.04.23   6.6528 % WeBank Shenzhen       271,429     38,230     2023.07.26     2025.07.23   7.4844 % WeBank Shenzhen       271,429     38,230     2023.07.26     2025.07.23   7.4844 % WeBank Shenzhen       271,429     38,230     2023.07.31     2025.07.23   7.2954 % WeBank Shenzhen       271,429     38,230     2023.07.31     2025.07.23   7.2954 % WeBank Shenzhen       190,476     26,828     2023.09.05     2025.08.23   7.2198 % WeBank Shenzhen       500,000     70,424     2023.09.12     2025.09.23   7.2198   WeBank Shenzhen       200,000     28,169     2023.09.27     2025.09.23   7.5636   Longwan Rural Commercial Bank       1,200,000     169,016     2023.06.05     2026.05.30   6.6 % Longwan Rural Commercial Bank       1,750,000     246,482     2023.06.05     2026.05.30   6.6 % Minsheng Bank       9,500,000     1,338,047     2023.07.11     2026.07.03   4 % Subtotal       14,888,312     2,096,974                   Current portion of long-term loans       (1,600,200 )   (225,383 )                 Total     RMB 13,288,112   $ 1,871,591

Sales (Tables)	6 Months Ended
	Jun. 30, 2024
Sales [Abstract]
Schedule of Disaggregated Sales	Disaggregated sales by types as of June 30, 2024 and 2023 consisted of the following:     2024     2023   Inverters   $ 4,804,963     $ 4,125,882   Chargers     358,197       228,389   Gasoline generators     3,237,892       4,514,899   Power bank     3,179,242       452,318   Other products     363,609       128,329   Total   $ 11,943,904     $ 9,449,817

General and Administrative Expenses (Tables)	6 Months Ended
	Jun. 30, 2024
General and Administrative Expenses [Abstract]
Schedule of General and Administrative Expenses	General and administrative expenses as of June 30, 2024 and 2023 consisted of following:     2024     2023   Employee compensation and benefits   $ 386,841     $ 207,833   Travel and communication expenses     23,377       31,916   Rent and utilities     122,369       30,454   Consulting fees     453,535       682,558   Insurance     10,217       13,680   Depreciation and amortization expenses     63,265       51,636   Sales tax     8,148       36,158   Entertainment     8,640       18,383   Office and miscellaneous     76,676       95,556   Total   $ 1,153,066     $ 1,168,174

Selling and Marketing Expenses (Tables)	6 Months Ended
	Jun. 30, 2024
Selling and Marketing Expenses [Abstract]
Schedule of Selling and Marketing Expenses	Selling and marketing expenses as of June 30, 2024 and 2023 consisted of the following:     2024     2023   Employee compensation and benefits   $ 139,402     $ 54,981   Travel and promotion     101,116       47,633   Shipping and handling     70,051       105,514   Insurance     -       8,228   Consulting fee     1,961       6,053   Inspection and certification fees     56,168       67,265   Entertainment     64,454       110,453   Office and miscellaneous     21,689       36,492   Total   $ 454,841     $ 436,619

Research and Development Expenses (Tables)	6 Months Ended
	Jun. 30, 2024
Research and Development Expenses [Abstract]
Schedule of Research and Development Expenses	Research and development expenses as of June 30, 2024 and 2023 consisted of the following:     2024     2023   Salaries   $ 336,161     $ 210,995   Contract services and supplies     456,370       238,637   Utility     1,484       1,215   Design cost     6,237       14,047   Depreciation     10,630       12,883   Other     17,130       3,925   Total   $ 828,013     $ 481,702

Interest Expenses, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Interest Expenses, Net [Abstract]
Schedule of Interest Expenses	Interest expenses as of June 30, 2024 and 2023 consisted of the following:     2024     2023   Interest expense   $ (72,634 )   $ (238,269 ) Interest income     8,046       38,557   Total interest expense, net   $ (64,588 )   $ (199,712 )

Rental Income, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Rental Income, Net [Abstract]
Schedule of Rental Income	The Company subleases part of the leased assets on a straight-line basis to other third parties. The lease terms with lessees vary and usually start from two years. Rental income as of June 30, 2024 and 2023 consisted of the following:     2024     2023   Rental income   $ 158,544     $ 213,405   Rental expense     (49,095 )     (110,693 ) Total rental income, net   $ 109,449     $ 102,712

Other Income, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Other Income, Net [Abstract]
Schedule of Other Income Expenses	The following table shows the detail of net other income (expenses) for the six-month periods ended June 30, 2024 and 2023:     2024     2023   Government grant   $ 36,036     $ 109,472   Exchange gains (losses)     77,346       (14,153 ) Bank charges     (3,975 )     (6,648 ) Miscellaneous income     43,774       4,627   Miscellaneous expenses     (7,230 )     (88,627 ) Total other income (expenses), net   $ 145,952     $ 4,671

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Nature of Relationships	Nature of relationships with related parties Name   Relationship with the Company Wenzhou Ailefu Technology Co. Ltd. (“Ailefu”)   An entity 100% owned by Xiangze Hangzhou Xiangze Trading Co. Ltd. (“Xiangze”)   An entity 100% owned by Lingyi Kong Wenzhou Weidi Technology Co. Ltd. (“Weidi”)   An entity 100% owned by Chuanlong Lin’s wife Shanghai Fushishenye Mechanical and Electrical Equipment Co. Ltd. (“Fushishenye”)   An entity with Lingyi Kong as legal rep Ruian Xiaobai New Energy Automobile Rental Co. Ltd. (“Xiaobai”)   An entity 30% owned by Shengling Xiang Chuanlong Lin   Relative of Lingyi Kong; former controlling shareholder of New Focus Shengling Xiang   Executive and legal rep of the Company Lingyi Kong   Controlling shareholder of the Company Chunhua Xiang   Relative of Lingyi Kong
Schedule of Net Outstanding Balances with Related Parties	Net outstanding balances with related parties consisted of the following as of June 30, 2024 and December 31, 2023: Accounts   Name of related parties   June 30, 2024     December 31, 2023   Due to related party   Lingyi Kong     (2,186,790 )     (1,877,489 )     Wenzhou Ailefu Technology Co. Ltd.     -       (405,640 ) Total due to related parties       $ (2,186,790 )   $ (2,283,129 )

Organization and Nature of Operations (Details)	1 Months Ended	6 Months Ended
	Jun. 17, 2019 $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 CNY (¥) shares	Dec. 31, 2023 shares	Jan. 14, 2020	Jun. 14, 2019 $ / shares shares
Organization and Nature of Operations [Line Items]
Ordinary shares authorized		500,000,000	500,000,000
Ordinary shares, par value (in Dollars per share) | $ / shares		$ 0.0001
Paid in capital | ¥			¥ 5,000,000
Erayak BVI [Member]
Organization and Nature of Operations [Line Items]
Ordinary shares authorized	50,000
Ordinary shares, par value (in Dollars per share) | $ / shares	$ 1
Ordinary shares issued	100
Common stock shares outstanding	100
Percentage of owned shares	100.00%
Erayak HK [Member]
Organization and Nature of Operations [Line Items]
Paid in capital | $		$ 3,900,000
Ruike [Member]
Organization and Nature of Operations [Line Items]
Paid in capital | $		5,010,035
Wenjie [Member]
Organization and Nature of Operations [Line Items]
Paid in capital | $		$ 3,000,000
Leiya [Member]
Organization and Nature of Operations [Line Items]
Paid in capital | ¥			¥ 6,900,000
Erayak Group [Member]
Organization and Nature of Operations [Line Items]
Ordinary shares authorized						500,000,000
Ordinary shares, par value (in Dollars per share) | $ / shares						$ 0.0001
Wenjie [Member]
Organization and Nature of Operations [Line Items]
Reorganization, description		Wenjie acquired 90% equity of Leiya from Shengling Xiang, and 10% from Hecang Limited. As a result, Leiya’s equity interest is 100% held by Wenjie as of April 21, 2020.
Leiya [Member]
Organization and Nature of Operations [Line Items]
Reorganization, description		On August 12, 2020, Chuanlong Lin transferred 100% equity of New Focus to Leiya. Therefore, Leiya holds 100% of equity interest of New Focus as of August 12, 2020.
Leiya To Hecang Limited [Member]
Organization and Nature of Operations [Line Items]
Legal corporation percentage					10.00%
Class A Ordinary Shares [Member]
Organization and Nature of Operations [Line Items]
Ordinary shares authorized		450,000,000	450,000,000	450,000,000
Ordinary shares, par value (in Dollars per share) | $ / shares		$ 0.0001
Ordinary shares issued		27,000,000	27,000,000	11,000,000
Common stock shares outstanding		27,000,000	27,000,000	11,000,000
Class A Ordinary Shares [Member] | Erayak Group [Member]
Organization and Nature of Operations [Line Items]
Ordinary shares authorized						450,000,000
Ordinary shares, par value (in Dollars per share) | $ / shares						$ 0.0001
Ordinary shares issued						27,000,000
Common stock shares outstanding						27,000,000
Class B Ordinary Shares [Member]
Organization and Nature of Operations [Line Items]
Ordinary shares authorized		50,000,000	50,000,000	50,000,000
Ordinary shares, par value (in Dollars per share) | $ / shares		$ 0.0001
Ordinary shares issued		1,000,000	1,000,000	1,000,000
Common stock shares outstanding		1,000,000	1,000,000	1,000,000
Class B Ordinary Shares [Member] | Erayak Group [Member]
Organization and Nature of Operations [Line Items]
Ordinary shares authorized						50,000,000
Ordinary shares, par value (in Dollars per share) | $ / shares						$ 0.0001
Ordinary shares issued						1,000,000
Common stock shares outstanding						1,000,000

Organization and Nature of Operations (Details) - Schedule of Erayak Group’s Registered Agent is Harneys Fiduciary (Cayman) Limited	6 Months Ended
	Jun. 30, 2024
Erayak Power Solution Group Inc. (“Erayak Group”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Registered Location	Cayman Islands
Date of Incorporation	Jun. 14, 2019
Ownership as of the issuance date of the report	Parent
Erayak Power Solution Limited (“Erayak BVI’) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Registered Location	British Virgin Island
Date of Incorporation	Jun. 17, 2019
Ownership as of the issuance date of the report	100% by the Parent
Erayak Power Solution Hong Kong Limited (“Erayak HK”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Registered Location	Hong Kong
Date of Incorporation	Jun. 26, 2019
Ownership as of the issuance date of the report	100% by Erayak BVI
Ruike Electronics (Wenzhou) Co., Ltd. (“Ruike”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Registered Location	Wenzhou, China
Date of Incorporation	Dec. 05, 2023
Ownership as of the issuance date of the report	100% by Erayak HK
Wenzhou Wenjie Technology Limited (“Wenjie”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Registered Location	Wenzhou, China
Date of Incorporation	Dec. 11, 2019
Ownership as of the issuance date of the report	100% by Erayak HK
Zhejiang Leiya Electronics Limited (“Leiya”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Registered Location	Wenzhou, China
Date of Incorporation	Mar. 05, 2009
Ownership as of the issuance date of the report	100% by Wenjie
Wenzhou New Focus Limited [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Registered Location	Wenzhou, China
Date of Incorporation	Nov. 21, 2012
Ownership as of the issuance date of the report	100% by Leiya

Significant Accounting Policies (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Significant Accounting Policies [Line Items]
Restricted cash	$ 3,252		$ 1,062
Residual value percentage	5.00%
VAT, description	The Company is subject to a VAT rate of 17% before May 1, 2018, 16% on and after May 1, 2018, and a new VAT rate of 13% effective on April 1, 2019. The VAT may be offset by VAT paid by the Company on raw materials and other materials included in the cost of producing or acquiring its finished products.
Grants received	$ 145,952	$ 4,671
Shipping and handling costs	454,841	436,619
Advertising costs	66,621	26,114
PRC tax authorities term			5 years
Cash and cash equivalents	1,103,939	7,273,652	$ 5,878,434	$ 7,067,247
Government Grant [Member]
Significant Accounting Policies [Line Items]
Grants received	36,036	109,472
Shipping and Handling [Member]
Significant Accounting Policies [Line Items]
Shipping and handling costs	$ 70,051	$ 92,087

Significant Accounting Policies (Details) - Schedule of Relevant Exchange Rates	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Schedule of Relevant Exchange Rates [Abstract]
Period Ended RMB: USD exchange rate	7.2672	7.0999	7.2513
Period Average RMB: USD exchange rate	7.215	7.0809	6.9283

Significant Accounting Policies (Details) - Schedule of Property, Plant, and Equipment	Jun. 30, 2024
Buildings [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	10 years
Transportation vehicles [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	4 years
Minimum [Member] | Machinery and equipment [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	3 years
Minimum [Member] | Office furniture and equipment [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	5 years
Minimum [Member] | Electronic equipment [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	2 years
Maximum [Member] | Machinery and equipment [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	10 years
Maximum [Member] | Office furniture and equipment [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	10 years
Maximum [Member] | Electronic equipment [Member]
Schedule of Property, Plant, and Equipment [Line Items]
Estimated useful life	5 years

Significant Accounting Policies (Details) - Schedule of Intangible Assets	Jun. 30, 2024
Patents [Member]
Schedule of Intangible Assets [Line Items]
Useful lives	10 years
Trademark [Member]
Schedule of Intangible Assets [Line Items]
Useful lives	10 years

Accounts Receivable (Details) - Schedule of Accounts Receivable - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Accounts Receivable [Abstract]
Accounts receivable	$ 10,395,061	$ 6,292,469
Less: allowance for doubtful accounts	(38,376)	(39,280)	$ (2,478)
Accounts receivable, net	$ 10,356,685	$ 6,253,189

Accounts Receivable (Details) - Schedule of Allowance for Doubtful Accounts - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Schedule of Allowance for Doubtful Accounts [Abstract]
Beginning balance	$ (39,280)	$ (2,478)
Provision adjustment for accounts receivable		(36,972)
Exchange difference	904	170
Ending balance	$ (38,376)	$ (39,280)

Inventories (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Inventories [Abstract]
Inventory valuation allowance		$ 83,419	$ 81,621

Inventories (Details) - Schedule of Inventories - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Inventory, Net [Abstract]
Raw materials	$ 7,426,338	$ 5,687,671
Work in process	1,300,647	916,997
Finished goods	970,021	546,208
Inventory valuation allowance	(92,243)	(94,417)
Total	$ 9,604,763	$ 7,056,459

Advances to Suppliers and Other (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Advance to suppliers [Member]
Advances to Suppliers and Other [Line Items]
Advance payment for potential factory lease	$ 1,000,000	$ 1,000,000

Advances to Suppliers and Other (Details) - Schedule of Advances to Suppliers - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Advances to Suppliers [Abstract]
Advance to suppliers	$ 7,184,132	$ 1,747,551
Advance payment for potential factory lease and land purchase	1,000,000	1,000,000
Total	$ 8,184,132	$ 2,747,551

Property, Plant and Equipment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment	$ 590,133	$ 696,772
Depreciation expenses	203,787	186,658
Cost of sales	$ 111,373	$ 120,074

Property, Plant and Equipment (Details) - Schedule of Property, Plant and Equipment - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,776,183	$ 3,265,464
Less: accumulated depreciation	(1,511,953)	(1,340,489)
Property, plant and equipment, net	2,264,230	1,924,975
Machinery and equipment [Member]
Schedule of Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,161,133	2,133,142
Transportation vehicles [Member]
Schedule of Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	444,000	423,812
Electronic devices [Member]
Schedule of Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	128,165	126,342
Office furniture and equipment [Member]
Schedule of Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	86,277	60,196
Construction in progress [Member]
Schedule of Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	467,773	21,619
Building [Member]
Schedule of Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 488,834	$ 500,353

Intangible Assets (Details) - Schedule of Intangible Assets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Intangible assets
Cost	$ 37,497	$ 12,761
Accumulated amortization	(6,379)	(4,199)
Additions, at cost	11,628	25,620
Amortization current period	(2,352)	(2,329)
Intangible assets, net	$ 40,394	$ 31,853

Intangible Assets (Details) - Schedule of Amortization	Jun. 30, 2024 USD ($)
2025 [Member]
Schedule of Amortization [Line Items]
2025, Amortization	$ 4,913
Net carrying value	35,481
2026 [Member]
Schedule of Amortization [Line Items]
Net carrying value	30,568
2026, Amortization	4,913
2027 [Member]
Schedule of Amortization [Line Items]
Net carrying value	25,655
2027, Amortization	4,913
2028 [Member]
Schedule of Amortization [Line Items]
Net carrying value	20,742
2028, Amortization	4,913
2029 [Member]
Schedule of Amortization [Line Items]
Net carrying value	15,829
2029, Amortization	$ 4,913

Lease (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Lease [Abstract]
Right of use assets	$ 6,882,172	$ 7,338,505

Other Non-Current Assets (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 USD ($)
Other Non-Current Assets [Abstract]
Other non-current assets	$ 3,770,365	¥ 27,400,000	$ 3,859,209
Percentage of deposit interest rate	3.20%

Short-Term Borrowings (Details) - Schedule of Short-Term Borrowings - Notes Payable to Banks [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Schedule of Short-Term Borrowings [Line Items]
Amount	$ 1,065,627		¥ 6,000,000
Ningbo Bank [Member]
Schedule of Short-Term Borrowings [Line Items]
Amount	$ 240,000
Issuance Date	May 17, 2024
Expiration Date	Nov. 13, 2024
Interest	6.00%		6.00%
Ningbo Bank [Member]
Schedule of Short-Term Borrowings [Line Items]
Amount	$ 688,022		¥ 5,000,000
Issuance Date	Jun. 13, 2024
Expiration Date	Jun. 13, 2025
Interest	2.80%		2.80%
Minsheng Bank [Member]
Schedule of Short-Term Borrowings [Line Items]
Amount	$ 137,605	$ 70,424	¥ 1,000,000	¥ 500,000
Issuance Date	Jun. 27, 2023	Jul. 10, 2023
Expiration Date	Jan. 03, 2025	Jul. 10, 2024
Interest	3.50%	4.00%	3.50%	4.00%

Long-Term Loans (Details) - Schedule of Long-Term Loans	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Debt Instrument [Line Items]
Long-term loan Amount	$ 1,886,166	$ 2,096,974	¥ 13,707,142	¥ 14,888,312
Current portion of long-term loans	(175,828)	(225,383)	(1,277,777)	(1,600,200)
Total	1,710,338	1,871,591	12,429,365	13,288,112
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 13,105	$ 43,626	¥ 95,238	¥ 309,740
Long-term loan Issuance Date	Apr. 27, 2023	Jan. 17, 2023
Long-term loan Expiration Date	May 23, 2025	Jan. 23, 2025
Long-term loan Interest	6.6528%	7.92%	6.6528%	7.92%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 25,555	$ 21,462	¥ 185,714	¥ 152,381
Long-term loan Issuance Date	Jul. 31, 2023	Apr. 27, 2023
Long-term loan Expiration Date	Jul. 23, 2025	Apr. 23, 2025
Long-term loan Interest	7.4844%	6.6528%	7.4844%	6.6528%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 25,555	$ 38,230	¥ 185,714	¥ 271,429
Long-term loan Issuance Date	Jul. 26, 2023	Jul. 26, 2023
Long-term loan Expiration Date	Jul. 23, 2025	Jul. 23, 2025
Long-term loan Interest	7.4844%	7.4844%	7.4844%	7.4844%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 18,347	$ 38,230	¥ 133,333	¥ 271,429
Long-term loan Issuance Date	Sep. 05, 2023	Jul. 26, 2023
Long-term loan Expiration Date	Aug. 23, 2025	Jul. 23, 2025
Long-term loan Interest	7.2198%	7.4844%	7.2198%	7.4844%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 49,144	$ 38,230	¥ 357,143	¥ 271,429
Long-term loan Issuance Date	Sep. 12, 2023	Jul. 31, 2023
Long-term loan Expiration Date	Sep. 23, 2025	Jul. 23, 2025
Long-term loan Interest	7.2198%	7.2954%	7.2198%	7.2954%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 27,521	$ 38,230	¥ 200,000	¥ 271,429
Long-term loan Issuance Date	Feb. 26, 2024	Jul. 31, 2023
Long-term loan Expiration Date	Feb. 23, 2026	Jul. 23, 2025
Long-term loan Interest	6.876%	7.2954%	6.876%	7.2954%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 41,282	$ 26,828	¥ 300,000	¥ 190,476
Long-term loan Issuance Date	Mar. 29, 2024	Sep. 05, 2023
Long-term loan Expiration Date	Mar. 23, 2026	Aug. 23, 2025
Long-term loan Interest	6.876%	7.2198%	6.876%	7.2198%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 41,282	$ 70,424	¥ 300,000	¥ 500,000
Long-term loan Issuance Date	Apr. 12, 2024	Sep. 12, 2023
Long-term loan Expiration Date	Apr. 23, 2026	Sep. 23, 2025
Long-term loan Interest	6.95%	7.2198%	6.95%	7.2198%
Longwan Rural Commercial Bank [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 165,125	$ 169,016	¥ 1,200,000	¥ 1,200,000
Long-term loan Issuance Date	Jun. 05, 2023	Jun. 05, 2023
Long-term loan Expiration Date	May 30, 2026	May 30, 2026
Long-term loan Interest	6.60%	6.60%	6.60%	6.60%
Longwan Rural Commercial Bank [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 240,808	$ 246,482	¥ 1,750,000	¥ 1,750,000
Long-term loan Issuance Date	Jun. 05, 2023	Jun. 05, 2023
Long-term loan Expiration Date	May 30, 2026	May 30, 2026
Long-term loan Interest	6.60%	6.60%	6.60%	6.60%
Minsheng Bank [Member]
Debt Instrument [Line Items]
Long-term loan Amount	$ 1,238,442	$ 1,338,047	¥ 9,000,000	¥ 9,500,000
Long-term loan Issuance Date	Jul. 11, 2023	Jul. 11, 2023
Long-term loan Expiration Date	Jul. 03, 2026	Jul. 03, 2026
Long-term loan Interest	4.00%	4.00%	4.00%	4.00%
WeBank Shenzhen [Member]
Debt Instrument [Line Items]
Long-term loan Amount		$ 28,169		¥ 200,000
Long-term loan Issuance Date		Sep. 27, 2023
Long-term loan Expiration Date		Sep. 23, 2025
Long-term loan Interest		7.5636%		7.5636%

Sales (Details) - Schedule of Disaggregated Sales - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Disaggregated Sales [Line Items]
Revenue	$ 11,943,904	$ 9,449,817
Inverters [Member]
Schedule of Disaggregated Sales [Line Items]
Revenue	4,804,963	4,125,882
Chargers [Member]
Schedule of Disaggregated Sales [Line Items]
Revenue	358,197	228,389
Gasoline generators [Member]
Schedule of Disaggregated Sales [Line Items]
Revenue	3,237,892	4,514,899
Power bank [Member]
Schedule of Disaggregated Sales [Line Items]
Revenue	3,179,242	452,318
Other products [Member]
Schedule of Disaggregated Sales [Line Items]
Revenue	$ 363,609	$ 128,329

General and Administrative Expenses (Details) - Schedule of General and Administrative Expenses - General and Administrative Expense [Member] - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of General and Administrative Expenses [Line Items]
Employee compensation and benefits	$ 386,841	$ 207,833
Travel and communication expenses	23,377	31,916
Rent and utilities	122,369	30,454
Consulting fees	453,535	682,558
Insurance	10,217	13,680
Depreciation and amortization expenses	63,265	51,636
Sales tax	8,148	36,158
Entertainment	8,640	18,383
Office and miscellaneous	76,676	95,556
Total	$ 1,153,066	$ 1,168,174

Selling and Marketing Expenses (Details) - Schedule of Selling and Marketing Expenses - Selling and Marketing Expense [Member] - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Selling and Marketing Expenses [Line Items]
Total	$ 454,841	$ 436,619
Employee compensation and benefits [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total	139,402	54,981
Travel and promotion [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total	101,116	47,633
Shipping and handling [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total	70,051	105,514
Insurance [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total		8,228
Consulting fee [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total	1,961	6,053
Inspection and certification fees [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total	56,168	67,265
Entertainment [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total	64,454	110,453
Office and miscellaneous [Member]
Schedule of Selling and Marketing Expenses [Line Items]
Total	$ 21,689	$ 36,492

Research and Development Expenses (Details) - Schedule of Research and Development Expenses - Research and Development Expenses [Member] - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Research and Development Expenses [Line Items]
Salaries	$ 336,161	$ 210,995
Contract services and supplies	456,370	238,637
Utility	1,484	1,215
Design cost	6,237	14,047
Depreciation	10,630	12,883
Other	17,130	3,925
Total	$ 828,013	$ 481,702

Interest Expenses, Net (Details) - Schedule of Interest Expenses - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Interest Expenses [Abstract]
Interest expense	$ (72,634)	$ (238,269)
Interest income	8,046	38,557
Total interest expense, net	$ (64,588)	$ (199,712)

Rental Income, Net (Details) - Schedule of Rental Income - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Rental Income [Abstract]
Rental income	$ 158,544	$ 213,405
Rental expense	(49,095)	(110,693)
Total rental income, net	$ 109,449	$ 102,712

Other Income, Net (Details) - Schedule of Other Income Expenses - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Other Income [Line Items]
Total other income (expenses), net	$ 145,952	$ 4,671
Government grant [Member]
Schedule of Other Income [Line Items]
Total other income (expenses), net	36,036	109,472
Exchange gains (losses) [Member]
Schedule of Other Income [Line Items]
Total other income (expenses), net	77,346	(14,153)
Bank charges [Member]
Schedule of Other Income [Line Items]
Total other income (expenses), net	(3,975)	(6,648)
Miscellaneous income [Member]
Schedule of Other Income [Line Items]
Total other income (expenses), net	43,774	4,627
Miscellaneous expenses [Member]
Schedule of Other Income [Line Items]
Total other income (expenses), net	$ (7,230)	$ (88,627)

Related Party Transactions (Details) - Schedule of Nature of Relationships	6 Months Ended
	Jun. 30, 2024
Wenzhou Ailefu Technology Co. Ltd. (“Ailefu”) [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	An entity 100% owned by Xiangze
Hangzhou Xiangze Trading Co. Ltd. (“Xiangze”) [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	An entity 100% owned by Lingyi Kong
Wenzhou Weidi Technology Co. Ltd. (“Weidi”) [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	An entity 100% owned by Chuanlong Lin’s wife
Shanghai Fushishenye Mechanical and Electrical Equipment Co. Ltd. (“Fushishenye”) [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	An entity with Lingyi Kong as legal rep
Ruian Xiaobai New Energy Automobile Rental Co. Ltd. (“Xiaobai”) [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	An entity 30% owned by Shengling Xiang
Chuanlong Lin [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	Relative of Lingyi Kong; former controlling shareholder of New Focus
Shengling Xiang [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	Executive and legal rep of the Company
Lingyi Kong [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	Controlling shareholder of the Company
Chunhua Xiang [Member]
Schedule of Nature of Relationships [Line Items]
Relationship with the Company	Relative of Lingyi Kong

Related Party Transactions (Details) - Schedule of Net Outstanding Balances with Related Parties - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Net Outstanding Balances with Related Parties [Line Items]
Due to related party	$ (2,186,790)	$ (2,283,129)
Lingyi Kong [Member]
Schedule of Net Outstanding Balances with Related Parties [Line Items]
Due to related party	(2,186,790)	(1,877,489)
Wenzhou Ailefu Technology Co. Ltd. [Member]
Schedule of Net Outstanding Balances with Related Parties [Line Items]
Due to related party		$ (405,640)

Shareholders’ Equity (Details) - USD ($)			6 Months Ended
	May 20, 2024	Dec. 14, 2022	Jun. 30, 2024	Dec. 31, 2023
Shareholders’ Equity [Line Items]
Ordinary shares authorized			500,000,000
Par value (in Dollars per share)			$ 0.0001
Voting rights, description			Each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings of the Company, and each Class B ordinary share shall entitle the holder thereof to twenty (20) votes on all matters subject to vote at general meetings of the Company
Additional paid in capital (in Dollars)			$ 18,643,522	$ 10,645,122
Net income tax rate			10.00%
Capital reserve			50.00%
Reserved amount (in Dollars)			$ 1,113,170	$ 1,113,170
Class A Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Ordinary shares authorized			450,000,000	450,000,000
Par value (in Dollars per share)			$ 0.0001
Ordinary shares issued			27,000,000	11,000,000
Ordinary shares outstanding			27,000,000	11,000,000
Shares increased		300
Additional paid-in capital increased (in Dollars)		$ 9,584,612
Class B Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Ordinary shares authorized			50,000,000	50,000,000
Par value (in Dollars per share)			$ 0.0001
Ordinary shares issued			1,000,000	1,000,000
Ordinary shares outstanding			1,000,000	1,000,000
IPO [Member]
Shareholders’ Equity [Line Items]
Offering (in Dollars)		$ 10,646,322
Shares par value (in Dollars per share)		$ 1,200
Additional paid in capital (in Dollars)		$ 10,645,122
Additional shares		450,000
Professional fees (in Dollars)		$ 1,061,170
IPO [Member] | Class A Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Par value (in Dollars per share)		$ 4
Ordinary shares issued		3,000,000
Commission (in Dollars)		$ 12,000,000
Private Placement [Member] | Class A Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Par value (in Dollars per share)	$ 0.0001
Ordinary shares issued	16,000,000
Additional shares	32,000,000
Exercise price (in Dollars per share)	$ 0.5
Aggregate purchase price (in Dollars)	$ 8,000,000

Commitments and Contingencies (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Commitments and Contingencies [Line Items]
Number of lease	1	1
Legal proceedings outstanding	$ 0	$ 0

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