v3.25.2
LONG-TERM INVESTMENTS, NET
 6 Months Ended
Jun. 30, 2025
Investments, All Other Investments [Abstract]  
LONG-TERM INVESTMENTS, NET

NOTE 9 — LONG-TERM INVESTMENTS, NET

 

As of June 30, 2025 and December 31, 2024, long-term investments, net consist of the following:

 

   June 30,
2025		   December 31,
2024		 
Investments in private entities or organizations that do not report NAV per share:          
Entities or organizations without observable price changes  $1,870,365   $1,719,770 
Investment in a public entity with readily determinable fair value – related party   2,344,824    2,478,531 
Investment in a public entity with readily determinable fair value   626,782    — 
Less: accumulated impairment   (1,248,884)   (1,148,329)
Long-term investments, net  $3,593,087   $3,049,972 

 

The Company recognized an unrealized loss on long-term investment in a public entity with readily determinable fair value – related party of $180,622 and $107,046 for the three months ended June 30, 2025 and 2024, respectively, and an unrealized loss of $340,568 and $1,045,557 for the six months ended June 30, 2025 and 2024, respectively.

 

The Company recognized an unrealized loss on long-term investment in a public entity with readily determinable fair value of $63,320 and $43,955 for the three and six months ended June 30, 2025, respectively.