v3.25.2
Unaudited Condensed Consolidated Balance Sheets
$ in Millions
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Current Assets    
Cash and cash equivalents $ 388,251 $ 248,382
Restricted cash 688,075 615,433
Inventories 11,460
Due from related parties 1,422,405 1,155,051
Short-term investments 65,211 64,736
Prepaid expense and other current assets 194,999 96,213
Total Current Assets 2,770,401 2,179,815
Property and equipment, net 8,215,366 511,088
Operating lease right-of-use assets 459,325 640,387
Long-term investments 2,837,922 2,258,754
Prepayment for long-term investments 1,124,842 1,124,842
Prepayment for asset acquisition 691,900 691,900
Other non-current assets 141,304 133,121
Total Assets 16,241,060 7,539,907
Current Liabilities    
Short-term loans 871,951 840,252
Accrued expenses and other current liabilities 4,290,964 3,509,422
Contract liabilities 81,115 81,115
Taxes payables 23,521
Operating lease liabilities 282,192 403,581
Due to related parties 728,576 773,045
Convertible notes payable – third parties, net 254,195 950,046
Total Current Liabilities 6,532,514 6,557,461
Tenant security deposit 41,680 21,680
Operating lease liability – non-current 177,133 236,807
Total Liabilities 6,751,327 6,815,948
COMMITMENTS AND CONTINGENCIES  
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 19,533,416 and 13,868,484 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 19,533 13,868
Stock to be issued 1,090,308 31,040
Additional paid-in capital 86,378,577 78,595,065
Accumulated deficit (72,048,904) (68,949,807)
Accumulated other comprehensive income 483,812 445,665
Treasury stock (8,909,691) (8,909,691)
Total Stockholders’ equity 7,013,635 1,226,140
Noncontrolling interest 2,476,098 (502,181)
Total Equity 9,489,733 723,959
Total Liabilities and Equity $ 16,241,060 $ 7,539,907