v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 152,206 $ 248,382
Restricted cash 607,362 615,433
Inventories 11,460
Short-term investments 65,052 64,736
Prepaid expense and other current assets 96,362 96,213
Total Current Assets 1,469,561 2,179,815
Property and equipment, net 8,168,746 511,088
Operating lease right-of-use assets 533,460 640,387
Long-term investments 2,760,062 2,258,754
Prepayment for long-term investments 1,124,842 1,124,842
Prepayment for asset acquisition 691,900 691,900
Other non-current assets 127,128 133,121
Total Assets 14,875,699 7,539,907
Current Liabilities    
Short-term bank and other loans 801,407 840,252
Accrued expenses and other current liabilities 3,826,819 3,509,422
Contract liabilities 81,115 81,115
Operating lease liabilities 366,475 403,581
Total Current Liabilities 6,730,739 6,557,461
Tenant security deposit 21,680 21,680
Operating lease liability – non-current 166,985 236,807
Total Liabilities 6,919,404 6,815,948
COMMITMENTS AND CONTINGENCIES  
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 15,378,305 and 13,868,484 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 15,378 13,868
Stock to be issued 31,040 31,040
Additional paid-in capital 83,615,369 78,595,065
Accumulated deficit (69,791,882) (68,949,807)
Accumulated other comprehensive income 444,172 445,665
Treasury stock (8,909,691) (8,909,691)
Total Stockholders’ equity 5,404,386 1,226,140
Noncontrolling interest 2,551,909 (502,181)
Total Equity 7,956,295 723,959
Total Liabilities and Equity 14,875,699 7,539,907
Related Party    
Current Assets    
Due from related parties 537,119 1,155,051
Current Liabilities    
Due to related parties 819,384 773,045
Convertible notes payable – third parties, net $ 835,539 $ 950,046