v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net (loss) income $ (1,048,793) $ 23,412
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Amortization of operating lease right-of-use assets 1,277,452 1,697,141
Depreciation and amortization 392,976 445,787
Write off of bad debts 500,000
Loss on disposal of property and equipment 77,505
Accrued interest income from long term debt investment (359,014) (359,014)
Interest income from loan to a third-party (44,877)
Changes in operating assets and liabilities:    
Accounts receivable (1,387,301) (40,507)
Inventories 37,621 (65,027)
Prepaid expenses and other current assets 372,248 286,121
Long term security deposits 269,171 49,350
Long term prepaid expenses 44,851 32,953
Accounts payable 277,671 213,875
Taxes payable 124,895 (19,020)
Deferred revenue 403,151 299,816
Other current liabilities 255,300 (79,738)
Operating lease liabilities (1,628,032) (1,634,128)
Net cash (used in) provided by operating activities (390,299) 806,144
Cash flows from investing activities:    
Purchase of property and equipment (310,368) (34,268)
Proceeds from disposal of property and equipment 34,562
Interest income received from long term debt investment 359,014 534,575
Repayment from loans to third parties 1,500,000 862,088
Net cash provided by investing activities 1,548,646 1,396,957
Cash flows from financing activities:    
Proceeds from sales of the Equity Security Units, net of issuance costs 6,910,134
Proceeds from short-term bank loans 413,658 422,095
Repayments of short-term bank loans (1,516,747)
Proceeds from long-term bank loans 4,412,355
Payments made to a related party (1,640,710) (56,298)
Net cash provided by financing activities 8,578,690 365,797
Effect of exchange rate fluctuation on cash and cash equivalents 252,355 57,630
Net increase in cash and cash equivalents 9,989,392 2,626,528
Cash and cash equivalents, beginning of period 12,102,763 1,481,302
Cash and cash equivalents, end of period 22,092,155 4,107,830
Supplemental cash flow information    
Cash paid for income taxes 14,995 40,889
Cash paid for interest 74,745 68,450
Non-cash operating, investing and financing activities    
Property and equipment acquired in settlement of the amount due from a related party 954,293
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement 270,532 60,277
Right of use assets obtained in exchange for operating lease liabilities $ 1,560,535 $ 1,697,141