Schedule of the company's operating segments |
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | Property | | Real Estate | | Investment | | | | | | | Brokerage Services | | Development | | Transaction | | Others | | Total | Net revenues | | $ | 80,894 | | $ | 1,561,799 | | $ | — | | $ | — | | $ | 1,642,693 | Cost of revenues | | | (243,785) | | | (379,592) | | | — | | | — | | | (623,377) | Gross profit | | | (162,892) | | | 1,182,208 | | | — | | | — | | | 1,019,316 | | | | | | | | | | | | | | | | | Operating expenses | | | (122,180) | | | (133,808) | | | — | | | — | | | (255,988) | General and administrative expenses | | | (448,125) | | | (461,132) | | | — | | | (5,834) | | | (915,091) | Operating loss | | | (733,197) | | | 587,268 | | | — | | | (5,834) | | | (151,763) | | | | | | | | | | | | | | | | | Other income (expenses) | | | | | | | | | | | | | | | | Interest income | | | 48,342 | | | 6,613 | | | — | | | 1,516 | | | 56,471 | Interest expense | | | — | | | (447,682) | | | — | | | — | | | (447,682) | Other income, Net | | | (262,894) | | | 71,649 | | | 2,748,281 | | | — | | | 2,557,036 | Total other (expenses) income | | | (214,552) | | | (369,420) | | | 2,748,281 | | | 1,516 | | | 2,165,825 | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | | (947,749) | | | 217,848 | | | 2,748,281 | | | (4,318) | | | 2,014,062 | Income tax | | | — | | | (276,656) | | | — | | | — | | | (276,656) | Net Income(loss) | | $ | (947,749) | | $ | (58,808) | | $ | 2,748,281 | | $ | (4,318) | | $ | 1,737,406 |
| | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | Property | | | | | | | | | | | | | | | Brokerage | | Real Estate | | Investment | | | | | | | | | Services | | Development | | Transaction | | Others | | Total | Net revenues | | $ | 147,596 | | $ | 11,282,883 | | $ | — | | $ | — | | $ | 11,430,479 | Cost of revenues | | | (396,641) | | | (10,115,660) | | | — | | | — | | | (10,512,301) | Gross profit | | | (249,046) | | | 1,167,224 | | | — | | | — | | | 918,178 | | | | | | | | | | | | | | | | | Operating expenses | | | (179,511) | | | (423,018) | | | — | | | — | | | (602,529) | General and administrative expenses | | | (730,516) | | | (525,836) | | | — | | | (266,609) | | | (1,522,961) | Operating loss | | | (1,159,073) | | | 218,370 | | | — | | | (266,609) | | | (1,207,312) | | | | | | | | | | | | | | | | | Other income (expenses) | | | | | | | | | | | | | | | | Interest income | | | 27,137 | | | 12,613 | | | — | | | 270 | | | 40,020 | Interest expense | | | — | | | (862,329) | | | — | | | — | | | (862,329) | Other income, Net | | | — | | | 49,724 | | | 12,104 | | | 1,736,263 | | | 1,798,091 | Total other (expenses) income | | | 27,137 | | | (799,992) | | | 12,104 | | | 1,736,533 | | | 975,782 | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | | (1,131,936) | | | (581,622) | | | 12,104 | | | 1,469,924 | | | (231,530) | Income tax | | | — | | | (278,541) | | | — | | | — | | | (278,541) | Net Income (loss) | | $ | (1,131,936) | | $ | (860,163) | | $ | 12,104 | | $ | 1,469,924 | | $ | (510,071) |
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | | Property | | Real Estate | | Investment | | | | | | | Brokerage Services | | Development | | Transaction | | Others | | Total | Net revenues | | $ | 91,122 | | $ | 4,357,288 | | $ | — | | $ | — | | $ | 4,448,410 | Cost of revenues | | | (195,371) | | | (3,564,010) | | | — | | | — | | | (3,759,381) | Gross profit | | | (104,249) | | | 793,278 | | | — | | | — | | | 689,029 | | | | | | | | | | | | | | | | | Operating expenses | | | (83,789) | | | (269,835) | | | — | | | — | | | (353,624) | General and administrative expenses | | | (229,379) | | | (449,401) | | | — | | | (5,834) | | | (684,614) | Operating loss | | | (417,417) | | | 74,042 | | | — | | | (5,834) | | | (349,209) | | | | | | | | | | | | | | | | | Other income (expenses) | | | | | | | | | | | | | | | | Interest income | | | 58,964 | | | 6,721 | | | — | | | 1,516 | | | 67,201 | Interest expense | | | — | | | (562,698) | | | — | | | — | | | (562,698) | Other income, Net | | | (197,345) | | | 6,100 | | | (3,079,985) | | | — | | | (3,271,230) | Total other (expenses) income | | | (138,381) | | | (549,877) | | | (3,079,985) | | | 1,516 | | | (3,766,727) | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | | (555,799) | | | (475,835) | | | (3,079,985) | | | (4,318) | | | (4,115,936) | Income tax | | | — | | | (169,070) | | | — | | | — | | | (169,070) | Net Income(loss) | | $ | (555,799) | | $ | (644,905) | | $ | (3,079,985) | | $ | (4,318) | | $ | (4,285,006) |
| | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | | Property | | | | | | | | | | | | | | | Brokerage | | Real Estate | | Investment | | | | | | | | | Services | | Development | | Transaction | | Others | | Total | Net revenues | | $ | 129,105 | | $ | 6,219,019 | | $ | — | | $ | — | | $ | 6,348,124 | Cost of revenues | | | (325,575) | | | (5,340,652) | | | — | | | — | | | (5,666,227) | Gross profit | | | (196,469) | | | 878,366 | | | — | | | — | | | 681,897 | | | | | | | | | | | | | | | | | Operating expenses | | | (185,773) | | | (485,706) | | | — | | | — | | | (671,479) | General and administrative expenses | | | (437,009) | | | (564,545) | | | — | | | (373,877) | | | (1,375,431) | Operating loss | | | (819,251) | | | (171,885) | | | — | | | (373,877) | | | (1,365,013) | | | | | | | | | | | | | | | | | Other income (expenses) | | | | | | | | | | | | | | | | Interest income | | | 26,262 | | | 15,748 | | | — | | | 79,888 | | | 121,898 | Interest expense | | | — | | | (1,126,174) | | | — | | | — | | | (1,126,174) | Other income, Net | | | — | | | 3,361 | | | 31,078 | | | (6,579,629) | | | (6,545,190) | Total other (expenses) income | | | 26,262 | | | (1,107,065) | | | 31,078 | | | (6,499,741) | | | (7,549,466) | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | | (792,989) | | | (1,278,950) | | | 31,078 | | | (6,873,618) | | | (8,914,479) | Income tax | | | — | | | (169,216) | | | — | | | (13,900) | | | (169,216) | Net Income (loss) | | $ | (792,989) | | $ | (1,448,166) | | $ | 31,078 | | $ | (6,887,518) | | $ | (9,083,695) |
| | | | | | | | | | | | | | | | | | Property | | Real Estate | | Investment | | | | | | | | | Brokerage Services | | Development | | Transaction | | Others | | Total | As of June 30, 2025 | | | | | | | | | | | | | | | | Real estate property under development | | $ | — | | $ | 55,803,692 | | $ | — | | $ | — | | $ | 55,803,692 | Total assets | | | 11,417,363 | | | 87,496,760 | | | 35,556,470 | | | 30,626,098 | | | 165,096,691 | | | | | | | | | | | | | | | | | As of June 30, 2024 | | | | | | | | | | | | | | | | Real estate property under development | | | — | | | 83,502,785 | | | — | | | — | | | 83,502,785 | Total assets | | $ | 12,282,871 | | $ | 113,291,506 | | $ | 31,064,753 | | $ | 39,164,342 | | $ | 195,803,472 |
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