v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets      
Cash and cash equivalents $ 8,322,178 $ 457,142 $ 646,294
Accounts receivable, net 62,726 20,778 36,299
Short-term investment 6,778
Inventories, net 59,139 55,817 55,704
Deferred offering costs 582,679 252,964
Prepaid expenses 254,231  
Other current assets 23,887 2,078 125
Total current assets 8,722,161 1,125,272 991,386
Non-current assets      
Property and equipment, net 3,048,063 3,083,923 3,054,921
Prepaid expenses 193,750 103,436
Operating lease right-of-use assets 727,072 775,546 363,296
Deferred tax assets 93,294 227,152 236,130
Total non-current assets 4,062,179 4,086,621 3,757,783
Total Assets 12,784,340 5,211,893 4,749,169
Current liabilities      
Accounts payable and accrued liabilities 329,103 420,005 495,930
Contract liabilities - deferred revenue 225,670 162,226 158,429
Bank and other borrowings – current 94,007 135,970
Operating lease liabilities – current 194,038 195,115 222,275
Total current liabilities 933,179 3,403,513 2,664,011
Non-current liabilities      
Bank and other borrowings - non-current 98,371 649,345
Operating lease liabilities - non-current 533,034 580,431 141,021
Deferred tax liabilities 70,585 60,114 48,156
Total non-current liabilities 603,619 738,916 838,522
Total Liabilities 1,536,798 4,142,429 3,502,533
Commitments and contingencies (Note 13)
Stockholder’s Equity      
Preferred stock 10,000 10,000 10,000
Common stock 13,880 10,880 10,880
Additional paid-in capital 11,979,690 2,082,456 2,082,456
Subscription receivables (11,632) (18,160)
Accumulated deficit (756,028) (1,022,240) (838,540)
Total Stockholder’s Equity 11,247,542 1,069,464 1,246,636
Total Liabilities and Stockholder’s Equity 12,784,340 5,211,893 4,749,169
Related Party [Member]      
Current liabilities      
Due to related parties $ 184,368 $ 2,532,160 $ 1,651,407