v3.25.1
Condensed Consolidated Statement of Changes in Stockholders’ Equity (Unaudited) - USD ($)
Common Stock
Additional Paid in Capital
Retained Earnings
Total
Balance at Dec. 31, 2023 [1] $ 56,348,650 $ (11,640,274) $ 44,708,376
Balance (in Shares) at Dec. 31, 2023 [1] 2,625,130      
Net income for the period [1] 19,546,495 19,546,495 [2],[3]
Balance at Mar. 31, 2024 [1] 56,348,650 7,906,221 64,254,871
Balance (in Shares) at Mar. 31, 2024 [1] 2,625,130      
Balance at Dec. 31, 2024 71,718,790 9,909,272 $ 81,628,062
Balance (in Shares) at Dec. 31, 2024 6,976,410     6,976,410
Stock issued during the period 145,958,167 $ 145,958,167
Stock issued during the period (in Shares) 429,288,725      
Net income for the period 193,440,425 193,440,425
Balance at Mar. 31, 2025 $ 217,676,957 $ 203,349,697 $ 421,026,654
Balance (in Shares) at Mar. 31, 2025 436,265,135     436,265,135
[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 statements of change in stockholders’ equity for the three months end 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 consolidated statements of operations and comprehensive income for the three months ended 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 cash flows for the three months end March 31, 2024. (Note 17)