v3.25.1
Audited Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
TOTAL REVENUE $ 87,166,469 $ 140,020,469 $ 97,305,527
TOTAL COST OF REVENUE 83,634,537 127,267,588 89,005,763
GROSS PROFIT 3,531,932 12,752,881 8,299,764
Provisions for compensation and penalty (1,245,625) (328,615)
Impairment of goodwill (294,151)
General and administrative expenses (8,804,171) (5,526,360) (4,732,811)
Total operating expenses (8,804,171) (6,771,985) (5,355,577)
INCOME (LOSS) FROM OPERATIONS (5,272,239) 5,980,896 2,944,187
OTHER INCOME (EXPENSE)      
Bank interest income 66,101 79,207 38,779
Interest expense (1,291) (7,699)
Other income 37,426 143,340 256,022
Other expenses (9,104) (208,232) (95,842)
Total other income, net 94,423 13,024 191,260
INCOME (LOSS) BEFORE INCOME TAX (5,177,816) 5,993,920 3,135,447
INCOME TAX (EXPENSE) BENEFIT 358,684 (1,381,729) (688,345)
NET INCOME (LOSS) (4,819,132) 4,612,191 2,447,102
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 7,707 34,785 21,898
NET INCOME (LOSS) ATTRIBUTABLE TO ORDINARY SHAREHOLERS OF THE COMPANY (4,826,839) 4,577,406 2,425,204
OTHER COMPREHENSIVE LOSS:      
Foreign currency translation adjustment (3,186)
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ORDINARY SHAREHOLERS OF THE COMPANY $ (4,826,839) $ 4,577,406 $ 2,422,018
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING*:      
Basic (in Shares) [1] 22,379,478 20,000,000 20,000,000
Diluted (in Shares) [1] 22,379,478 20,000,000 20,000,000
NET INCOME (LOSS) PER ORDINARY SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLERS OF THE COMPANY:      
Basic (in Dollars per share) $ (0.22) $ 0.23 $ 0.12
Diluted (in Dollars per share) $ (0.22) $ 0.23 $ 0.12
Revenues      
TOTAL REVENUE $ 86,906,423 $ 139,673,764 $ 96,216,113
Related Parties      
TOTAL REVENUE 260,046 346,705 1,089,414
TOTAL COST OF REVENUE 2,191,830 5,022,497 5,436,874
Cost of Revenue      
TOTAL COST OF REVENUE $ 81,442,707 $ 122,245,091 $ 83,568,889
[1] The share data has been retroactively restated to reflect the current capital structure of the Company.