v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 775,246 $ 1,500,148
Accounts receivable, net 1,360,656 2,131,371
Deposits, prepayments and other receivables, net 2,597,017 6,358,344
Total current assets 4,764,543 9,991,662
Non-current assets    
Plant and equipment, net 13,814 19,609
Intangible assets, net 926,852 37,333
Goodwill 1,118,038
Right-of-use assets, operating leases 258,967 34,143
Long-term investments, net 100,444
Total non-current assets 2,418,115 91,085
TOTAL ASSETS 7,182,658 10,082,747
Current liabilities    
Bank loans - current 1,462,204 1,587,680
Other borrowings - current 321,936 432,241
Receipt in advance 91,984 139,341
Lease liabilities - current 54,017 34,143
Accruals and other payables 1,007,470 264,532
Total current liabilities 5,697,790 5,681,608
Non-current liabilities    
Other borrowings – non-current 208,116
Lease liabilities – non-current 204,950
Total non-current liabilities 204,950 208,116
TOTAL LIABILITIES 5,902,740 5,889,724
Commitments and contingencies
SHAREHOLDERS’ EQUITY**    
Additional paid-in capital [1] 21,592,418 17,075,568
Accumulated other comprehensive income [1] 140,879 277,912
Accumulated deficit [1] (28,501,074) (21,208,152)
Total shareholders’ equity [1] 1,279,918 4,193,023
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,182,658 10,082,747
Common Class A [Member]    
SHAREHOLDERS’ EQUITY**    
Ordinary shares, value [1] 8,047,695 8,047,695
Common Class B [Member]    
SHAREHOLDERS’ EQUITY**    
Ordinary shares, value [1]
Related Party [Member]    
Current assets    
Due from related parties 31,624 1,799
Current liabilities    
Accounts payable 30,648
Due to related parties 328,307 90,589
Loan - related party 1,162,920 1,295,287
Nonrelated Party [Member]    
Current liabilities    
Accounts payable $ 1,238,304 $ 1,837,795
[1] The consolidated financial statements give retroactive to the June 18, 2024 one-for-seven reverse share split.