v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,595,697 $ 341,543
Trade and other receivables, less allowance for credit losses of $66,006.82 and $67,579.81 as of March 31, 2025 and December 31, 2024, respectively 799,537 933,824
Inventories, net 736,630 922,107
Prepaid income taxes 4 39
Other current financial assets 54,552 54,422
Other current assets 280,419 74,555
Total current assets 3,466,839 2,326,489
Equipment and vehicles, net 999 2,334
Operating lease right-of-use assets, net 68,595 78,484
Intangible assets, net 146,159,289 148,056,852
Goodwill 24,412,190 24,354,066
Other non-current financial assets 349,964 329,252
Deferred tax assets 92,320 92,101
Total assets 174,550,197 175,239,579
Current liabilities:    
Short-term borrowing 1,649,175 1,799,796
Short-term corporate bond 2,563,000
Trade and other payables 7,296,793 1,078,760
Accrued expenses 726,325 459,883
Operating lease liabilities-current 42,028 44,741
Other current liabilities 1,002,877 79,777
Income taxes payable 358,588 255
Current portion - LT debt 245,482
Total current liabilities 13,884,268 3,463,212
Long-term debt 253,042 497,615
Operating lease liabilities- non-current 26,331 33,372
Other non-current liabilities 1,661 1,657
Deferred tax liabilities 28,102,418 28,035,508
Total liabilities 42,267,720 32,031,364
Stockholders’ equity:    
Common stock, ₩5,000 par value, Authorized 100,000,000 shares; 19,276,978 shares and 2,155,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 1,928 216
Additional paid-in capital 106,082,223 162,606,449
Accumulated deficit (30,565,877) (19,173,063)
Accumulated other comprehensive income 241,690 (225,386)
Non-controlling interests 56,522,514
Total stockholders’ equity 132,282,477 143,208,215
Total liabilities and stockholders’ equity $ 174,550,197 $ 175,239,579