v3.25.2
Variable Interest Entity (Tables)
 6 Months Ended
Jun. 30, 2025
Variable Interest Entity [Abstract]  
Schedule of Carrying Amount of the Assets and Liabilities

The carrying amount of the assets and liabilities are as follows:

 

   As of
June 30,
2025		 
Cash  $16,506 
Property and equipment, net   4,091,652 
Total assets  $4,108,158 
      
Current portion of long-term debt  $85,380 
Long-term debt, net of current portion   2,644,568 
Accrued expenses   151 
Intercompany payable to Visiontech   1,383,113 
Total liabilities  $4,113,212 
Schedule of Operating Results of VIE Included in the Unaudited Condensed Consolidated Statements of Operations

The operating results of VIE included in the unaudited condensed consolidated statements of operations are as follows for the period indicated:

 

    For the
three months ended
June 30,
2025		    For the
six months ended
June 30,
2025		 
Revenue*  $83,211   $166,421 
Selling, general and administrative   54,480    84,066 
Interest expense   24,822    49,294 
Income tax   
-
    1700 
Net loss  $3,909   $31,361 

 

*Upland generated its revenue from leasing the warehouse to Visiontech. Revenue of Upland was fully eliminated on the unaudited condensed consolidated statements of operations.