v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,892,287) $ (937,462)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 332,568 157,912
Share-based compensation 816,750 1,161,596
Income from settlement of convertible notes 0 (250,000)
Lease expense 173,672 15,510
Tax payable write-off (539,505) 0
Changes in operating assets and liabilities:    
Accounts receivable 232,911 82,315
Inventory (1,493,296) (400,363)
Other receivable 9,269 71,715
Prepayments 94,929 (221,259)
Accounts payable (177,435) (149,066)
Accruals and other payables 1,241,030 257,378
Unearned revenue 886,337 468,550
Payroll payable 11,996 24,813
Accrued interest (4,510) 4,066
Operating lease payment (173,672) (15,510)
Tax payable (75,084) (94,521)
Due to related party (273,608) 0
Net Cash Provided by (Used in) Operating Activities (3,829,935) 175,674
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment (17,515) 0
(Payments for ) or transfer from construction (767,725) (326,829)
Net Cash Provided by (Used in) Investing Activities (785,240) (326,829)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common shares 8,133,000 0
Stock Subscription  Receivable (3,592,850) 0
Amounts received from related parties 0 1,428,400
Repayments of bank loan (89,212) (1,218,294)
Repayment of secured borrowing arrangement   (599,664)
Settlement of convertible notes 0 (500,000)
Net Cash Provided by Financing Activities 4,450,938 (889,558)
EFFECT OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS 981,112 159,585
Net change in cash and cash equivalents 816,875 (881,128)
Cash and cash equivalents, beginning of period 245,164 1,105,214
Cash and cash equivalents, end of period 1,062,038 224,086
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 0 2,799
Cash paid for interest $ 128,244 $ 101,047