v3.25.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues $ 5,433,375 $ 5,136,153 $ 5,944,190
Cost of revenues (3,606,481) (3,454,368) (4,406,421)
Gross profit 1,826,894 1,681,785 1,537,769
Operating expenses      
Selling and marketing expenses (206,314) (18,030) (36,194)
General and administrative expenses (2,781,075) (1,621,513) (1,102,870)
Total operating expenses (2,987,389) (1,639,543) (1,139,064)
Operating (loss) income (1,160,495) 42,242 398,705
Other income (expenses), net      
Other income, net 971,391 111,837 23,019
Interest income 6,953 518 21
Interest expense (778,656) (46,179) (77,757)
Total other income (expenses), net 199,688 66,176 (54,717)
(Loss) Income before taxes (960,807) 108,418 343,988
Tax income (expense) 486,706 [1] (208,141) [1]
Net (loss) income (474,101) 108,418 [1] 135,847 [1]
Less: net income (loss) attributable to non-controlling interests 50,542 (21,775) (322,820)
Net (loss) income attributable to the shareholders of the Company (524,643) 130,193 458,667
Other comprehensive income (loss)      
Foreign currency translation adjustment 32,529 (22,704) (1,920)
Total comprehensive (loss) income (441,572) 85,714 133,927
Less: total comprehensive (loss) income attributable to non-controlling interests 56,908 (27,621) (323,458)
Total comprehensive (loss) income attributable to the shareholders of the Company $ (498,480) $ 113,335 $ 457,385
Earnings per share – basic (in Dollars per share) $ (13.2) $ 35.3 $ 47.2
– diluted (in Dollars per share) $ (6.4) $ 35.3 $ 47.2
Weighted average shares outstanding - basic (in Shares) [2] 35,811 3,076 2,880
- diluted (in Shares) 74,332 3,076 2,880
[1] Re-presented as mentioned in Note 23
[2] Adjusted retrospectively for the two reverse stock splits that was effected in February 2025 of 1 share for every 20 existing share issued and in May 2025 of 1 share for every 10 existing share issued.