| SCHEDULE OF CONSOLIDATED FINANCIAL STATEMENTS OF VARIABLE INTEREST ENTITY |
SCHEDULE
OF CONSOLIDATED FINANCIAL STATEMENTS OF VARIABLE INTEREST ENTITY
| | |
June 30,
2025 | | |
December 31,
2024 | |
| ASSETS | |
| | | |
| | |
| Current assets | |
| | | |
| | |
| Cash and cash equivalents | |
$ | 21,893 | | |
$ | 41,247 | |
| Accounts receivable | |
| 33,992 | | |
| 20,076 | |
| Prepaid expenses and other current assets | |
| 10,831 | | |
| 32,493 | |
| Total Current Assets | |
| 66,716 | | |
| 93,816 | |
| | |
| | | |
| | |
| Property and equipment, net | |
| 1,799,372 | | |
| 1,799,372 | |
| Loans receivables from subsidiaries of the Company | |
| 3,072,945 | | |
| 3,122,157 | |
| Other assets | |
| 2,275 | | |
| 2,275 | |
| Total Non-current Assets | |
| 4,874,592 | | |
| 4,923,804 | |
| | |
| | | |
| | |
| Total Assets | |
$ | 4,941,308 | | |
$ | 5,017,620 | |
| | |
| | | |
| | |
| LIABILITIES | |
| | | |
| | |
| Current Liabilities | |
| | | |
| | |
| Accounts payable | |
$ | 18,450 | | |
$ | 18,904 | |
| Accrued liabilities and other current liabilities | |
| 17,824 | | |
| 17,824 | |
| Due to related party | |
| 2,769,076 | | |
| 2,797,018 | |
| Total Current Liabilities | |
| 2,805,350 | | |
| 2,833,746 | |
| | |
| | | |
| | |
| Loan payable to a subsidiary of the Company | |
| 8,267,303 | | |
| 8,245,328 | |
| Total Non-current Liabilities | |
| 8,267,303 | | |
| 8,245,328 | |
| | |
| | | |
| | |
| Total Liabilities | |
$ | 11,072,653 | | |
$ | 11,079,074 | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
For the Three Months Ended
June 30, | | |
For the Six Months Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Revenues | |
$ | 41,002 | | |
$ | 40,470 | | |
$ | 81,472 | | |
$ | 188,860 | |
| Cost of revenues | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 56,510 | |
| Total operating expenses | |
$ | 116,431 | | |
$ | 112,919 | | |
$ | 164,231 | | |
$ | 255,720 | |
| Net loss | |
$ | (75,430 | ) | |
$ | (72,449 | ) | |
$ | (57,759 | ) | |
$ | (123,370 | ) |
| | |
2025 | | |
2024 | |
| | |
For the Six Months Ended June 30, | |
| | |
2025 | | |
2024 | |
| Net cash used in operating activities | |
$ | (75,467 | ) | |
$ | (101,725 | ) |
| Net cash provided by investing activities | |
$ | 25,000 | | |
$ | 50,000 | |
| Net cash used in financing activities | |
$ | (27,942 | ) | |
$ | (49,424 | ) |
|