v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
[1]
Revenue:    
Service revenue
Total service revenue
Cost of revenue
Gross Profit
Operating expenses:    
General and administrative expense (449,858) (330,145)
Total operating expenses (449,858) (330,145)
Loss from operations (449,858) (330,145)
Other income 245,311,156 24,019,399
Income before income taxes 244,861,298 23,689,254
Income tax expenses (51,420,873) (4,142,759)
Net income from continuing operation 193,440,425 19,546,495 [2],[3]
Net income from discontinued operation [2]
Total comprehensive income $ 193,440,425 $ 19,546,495
Net comprehensive income per share, basic from continuing operation (in Dollars per share) $ 1.98 $ 7.45
Net comprehensive income per share, diluted from continuing operation (in Dollars per share) 1.98 7.45
Net loss per share, basic discontinued operation (in Dollars per share)
Net loss per share, diluted discontinued operation (in Dollars per share)
Weighted-average shares outstanding, basic (in Shares) 97,604,030 2,625,130
Weighted-average shares outstanding, diluted (in Shares) 97,604,030 2,625,130
[1] In July 2024, the Company dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative consolidated statements of operations and comprehensive income for the three months ended March 31, 2024. (Note 17)
[2] In July 2024, the Company dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative statements of cash flows for the three months end March 31, 2024. (Note 17)
[3] In July 2024, the Company dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative statements of change in stockholders’ equity for the three months end March 31, 2024. (Note 17)