v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,790,748) $ (4,075,125)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation expense 79,721 79,720
Allowance for credit losses 179,267 24,391
Amortization of operating right-of-use asset 199,235 155,295
Amortization of debt issuance cost 102,158
Gain on loan extinguishment (40,000)
Stock compensation expenses 145,893 367,805
Non cash finance expense 1,000,000
Change in operating assets and liabilities:    
Accounts receivable 602,797 (1,253,986)
Inventories 1,075,582 876,751
Prepayments and other current assets 59,259 (207,731)
Prepayments - related parties (2,700)
Security deposit 371,913 20,000
Accounts payable (1,056,926) 796,876
Other payables and accrued liabilities 1,473,494 485,314
Accrued interest payable - related parties 5,187 34,203
Operating lease liabilities (195,117) (103,284)
Tax accrual (22,973) 112,097
Deferred income - Contract liabilities (95,066) (54,841)
Net cash used in operating activities (909,024) (1,742,515)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan to Lakeshore (40,000)
Deposit from investment of Future Tech (721,000)
Net cash used in investing activities (721,000) (40,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the reverse recapitalization 1,120,177
Payments of transaction costs incurred by Lakeshore (1,044,980)
Repayments of promissory note - related party of Lakeshore (75,000)
Shares subscription paid in advance 238,000
Proceeds from exercise of warrants 865,423
Payments of deferred offering costs (266,925)
Repayments on long-term loan (127,419) (130,689)
Short-term loan borrowing from third parties 447,555 2,487,500
Repayments on short-term loan from third parties (599,152) (498,760)
Repayments on short-term loan from related parties (150,000)
Convertible notes borrowing 992,665
Repayments on convertible notes (449,700)
Borrowings from other payables - related parties 4,772
Payments on other payables - related parties (3,000)
Net cash provided by financing activities 1,219,144 1,591,323
EFFECT OF FOREIGN EXCHANGE ON CASH 260 (36)
CHANGES IN CASH (410,620) (191,228)
CASH AND CASH EQUIVALENTS, beginning of period 420,131 221,760
CASH AND CASH EQUIVALENTS, end of period 9,511 30,532
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 1,700 3,315
Cash paid for interest 322,981 604,512
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS:    
Right of use assets acquired under new operating leases 285,185
Reduce of right-of-use asset and operating lease liabilities based on modification 54,800
Accumulated deficit acquired upon the reverse recapitalization 1,603,020
Deferred offering cost converted to APIC upon the reverse recapitalization 1,100,857
Conversion of convertible notes into shares $ 147,875