Company: RETO
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041195
Chunk: 67

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 67
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 (years)      1.96  
  Weighted average discount rate                     7.42  

F-20

RETO ECO-SOLUTIONS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 - PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net, consisted of the following:

                                                 As of             As of  
  Office and electronic equipment               18,146            18,655  
  Leasehold improvement                         27,812            28,592  
  Subtotal                                      45,958            47,247  
  Less: Accumulated depreciation              ( 23,932           ( 9,125  
  Impairment of fixed assets                     ( 529             ( 543  
  Property, plant and equipment, net           $21,497           $37,579  

Depreciation expense was $15,274, $3,575and nilfor the years ended
December 31, 2024, 2023 and 2022, respectively.

NOTE 10 - INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:

  Concession right on forest land (i)      $                 7,671,969      $                     -  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
                                           As of                            As of                    
  Software                                                                                      395  
  Total                                                      7,671,969                            -  
  Less: Accumulated amortization                              ( 17,202                        ( 263  
  Intangible assets, net                   $                 7,654,767      $                   132  

  (i)      On December 3, 2024, the Company acquired a concession right on forest                                                                  

Amortization expense was $17,190, $263and nilfor the years ended
December 31, 2024, 2023 and 2022, respectively.

Estimated future amortization expense is as follows:

  Twelve months ending December 31,      Amortization                 
                                         expense                      
 ──────────────────────────────────────────────────────────────────────
                               2025      $                   206,421  
                               2026                          206,421  
                               2027                          206,421  
                               2028                          206,421  
                               2029                          206,421  
                         Thereafter                        6,