v3.25.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 185,186 $ 1,650,962 [1]
Accounts receivable, net 19,650 47,976 [1]
Loan receivable 8,749,445 6,088,295 [1]
Other receivables 843,579 370,696 [1]
Prepaid expenses and other current assets 118,929 338,642 [1]
Current assets of discontinued operations [1]   2,540,501
TOTAL CURRENT ASSETS 9,916,789 11,037,072 [1]
NONCURRENT ASSETS:    
Property, plant, and equipment, net 378,631 398,395 [1]
Operating lease right-of-use assets 1,548,646 1,836,521 [1]
Intangibles, net 1,006,928 1,063,072 [1]
Goodwill 1,044,394 1,044,394 [1]
TOTAL ASSETS 13,895,388 15,379,454 [1]
CURRENT LIABILITIES:    
Accounts payable 1,283 18,992 [1]
Current portion of long-term debt 36,412 34,577 [1]
Loan payable from premium finance [1]   120,461
Tax payable 5,200  
Operating lease liabilities, current 612,719 438,351 [1]
Accrued liabilities and other current liabilities 321,186 217,980 [1]
Current liabilities of discontinued operations [1]   52,900
TOTAL CURRENT LIABILITIES 976,800 883,261 [1]
NONCURRENT LIABILITIES:    
Long-term debt, net of current portion 590,352 610,020 [1]
Operating lease liabilities, net of current portion 950,372 1,268,501 [1]
TOTAL LIABILITIES 2,517,524 2,761,782 [1]
COMMITMENTS AND CONTINGENCIES [1]
STOCKHOLDERS' EQUITY    
Additional paid-in capital 17,324,590 17,297,961 [1]
Accumulated deficit (5,947,048) (4,680,611) [1]
TOTAL STOCKHOLDERS' EQUITY 11,377,864 12,617,672 [1]
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 13,895,388 15,379,454 [1]
Class A common stock    
STOCKHOLDERS' EQUITY    
Common stock [1] 267 267
Class B common stock    
STOCKHOLDERS' EQUITY    
Common stock [1] $ 55 $ 55
[1] Retrospectively adjusted for the reverse split of the Company’s common stock at a ratio of 1-for-16, which took effect on October 21, 2024 (the “Reverse Stock Split”). See also Note 15.