v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
[2]
Cash Flows from Operating Activities:    
Net income from continuing operation $ 193,440,425 $ 19,546,495 [1],[3]
Net income from discontinued operation [1]
Fair value gain on digital asset (245,311,156) (24,019,399)
Deferred tax expenses 51,420,873 4,142,759
Changes in Operating Assets and Liabilities:    
Accounts receivable 360,000
Director fee payable (751,000) 40,000
Other payable 840,858 290,145
Net cash flows used in continued operating activities:
Net cash flows provided by discontinued operating activities:
Net cash flows provided by operating activities:
Cash flow from Investing activities:    
Net cash flow used in continued investing activities:
Net cash flows provided by discontinued investing activities:
Net cash flows used in investing activities:
Cash flow from financing activities:    
Net cash provided by continued financing activities
Net cash provided by discontinued financing activities:
Net cash provided by continued financing activities:
Change in Cash and Cash Equivalents:
Cash and Cash Equivalents, Beginning of Year 668,387 668,387
Cash and Cash Equivalents, End of Year 668,387 668,387
Supplemental Cash Flow Information:    
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash financing activities:    
Received of operating assets and repayment of liabilities through former executives and other third parties $ 874,269 $ 643
[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)