v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 5,695,271 $ 4,914,559
Loan receivables, net 0 0
Accounts receivables 6,136,649 5,324,715
Other receivables and deposits 1,077,080 1,079,859
Amount due from related companies 127,740 194,545
Amount due from joint venture 0 0
Inventories 280,887 161,754
Prepaid expense 2,442,006 4,757,197
Total current assets 15,759,633 16,432,629
Non-current assets    
Joint venture 0 0
Property, plant and equipment, net 259,244 251,514
Intangible assets 1,209,449 1,246,843
Goodwill 36,373,148 36,373,148
Operating lease right-of-use assets 1,017,662 1,068,969
Deposits 180,488 177,943
Total non-current assets 39,039,991 39,118,417
Total assets 54,799,624 55,551,046
Current liabilities    
Accounts payable 7,531,416 11,201,215
Accrued expenses 2,739,854 2,465,347
Deposit received 2,506,018 1,643,130
Other payables 7,790,734 5,462,448
Bank loans 1,866,098 2,503,548
Operating lease liabilities 512,035 447,860
Total current liabilities 22,946,155 23,723,548
Non-current liabilities    
Operating lease liabilities 505,626 621,109
Total non-current liabilities 505,626 621,109
Total liabilities 23,451,781 24,344,657
Stockholders' equity    
Preferred Stock, Value 0 0
Common Stock, Value 2,633,375 2,633,375
Additional paid in capital 78,460,638 78,460,638
Accumulated deficit (47,396,920) (47,736,443)
Accumulated other comprehensive income 43,172 45,044
Total stockholders' equity 33,740,265 33,402,614
Non-controlling interests (2,392,422) (2,196,225)
Total liabilities and stockholders' equity $ 54,799,624 $ 55,551,046