v3.25.2
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) from operations     $ 1,498,591   $ 1,941,118
Adjustments to reconcile net loss to net cash used in operating activities:              
Income earned on Trust Account         (2,782,552)   (3,130,199)
Changes in operating assets and liabilities:              
Prepaid expenses, non-current         27,739   (35,000)
Accrued expenses and other payables         851,112   674,635
Due to related parties         368,981   173,389
Total cash provided by (used in) operating activities         (36,129)   (376,057)
CASH FLOWS FROM INVESTING ACTIVITIES              
Principal deposited in Trust Account         (550,000)   (70,242,000)
Cash withdrawn from Trust Account in connection with redemption         62,154,467   71,915,996
Purchase of investments in the Trust Account           (72,605,996)
Total cash used in investing activities     61,604,467   (70,932,000)
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from sale of ordinary shares           69,000,000
Proceeds from issuance of Private Units           4,092,000
Proceeds from interests-free borrowings from related parties         572,500   690,000
Payment of underwriting discount           (1,612,500)
Proceeds from Unit Purchase Option           100
Redemption of ordinary shares         (62,154,467)  
Payment to related party           (368,066)
Payment of offering costs           (478,423)
Net cash provided by financing activities     (61,581,967)   71,323,111
Effect of exchange rate changes          
Net change in cash and cash equivalents     (13,629)   15,054
Cash and cash equivalents beginning of the year $ 1,425 $ 15,054 15,054  
Cash and cash equivalents end of the year     1,425 15,054
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:              
Income tax paid          
Interest paid          
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:              
Deferred offering costs included in accrued expenses           3,640
Deferred offering costs paid by related party           13,429
Deferred offering costs adjusted from prepaid expenses           60
Deferred offering costs charged to APIC           865,199
Deferred offering cost related to fair value of Unit Purchase Option net of proceeds           10,681
Allocation of offering costs to ordinary shares subject to redemption           4,770,382
Reclassification of ordinary shares subject to redemption           67,274,310
Remeasurement adjustment on class A ordinary shares subject to possible redemption           8,427,382
Subsequent measurement of ordinary shares subject to possible redemption         3,332,552   3,130,199
Deferred underwriting commission charged to APIC           2,415,000
HCYC Group Company Limited [Member]              
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) from operations       (792,883)   18,206  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation expense       15,514   11,219  
Deferred tax expenses       14,915   37,227  
Right-of-use assets amortization       118,820   99,827  
Changes in operating assets and liabilities:              
Accounts receivable       (499,451)   289,467  
Prepaid expenses and other current assets       13,036   (8,957)  
Accounts payable       344,517   (205,622)  
Right-of-use assets         (283,944)  
Lease liabilities       (122,780)   186,644  
Long-term deposit       642   (23,300)  
Prepaid expenses, non-current       6,005   (5,981)  
Accrued expenses and other payables       (342)   2,280  
Total cash provided by (used in) operating activities       (902,007)   117,066  
CASH FLOWS FROM INVESTING ACTIVITIES              
Purchase of equipment       (9,986)   (50,168)  
Total cash used in investing activities       (9,986)   (50,168)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from interests-free borrowings from related parties       619,955   502,866  
Contribution from shareholders         9,999  
Net cash provided by financing activities       619,955   512,865  
Effect of exchange rate changes       4,232   597  
Net change in cash and cash equivalents       (287,806)   580,360  
Cash and cash equivalents beginning of the year       810,819   230,459  
Cash and cash equivalents end of the year $ 810,819     523,013   810,819  
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:              
Income tax paid          
Interest paid          
Alpha Time Acquisition Corp [Member]              
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) from operations   (9,346) 827,635   1,498,591   1,941,118
Adjustments to reconcile net loss to net cash used in operating activities:              
Income earned on Trust Account   (464,060) (1,463,005)        
Changes in operating assets and liabilities:              
Prepaid expenses, non-current   (35,235) (19,772)        
Accrued offering costs and expenses   (74,663) 368,671        
Due to HCYC   501,897        
Due to related parties   186,290 250,390        
Total cash provided by (used in) operating activities   104,883 (36,081)        
CASH FLOWS FROM INVESTING ACTIVITIES              
Principal deposited in Trust Account   (104,979) (330,000)        
Cash withdrawn from Trust Account in connection with redemption   23,302,146        
Total cash used in investing activities   (104,979) 22,972,146        
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from interests-free borrowings from related parties   352,500        
Redemption of ordinary shares   (23,302,146)        
Net cash provided by financing activities   (22,949,646)        
Net change in cash and cash equivalents   (96) (13,581)        
Cash and cash equivalents beginning of the year   1,425 15,054   15,054    
Cash and cash equivalents end of the year   1,329 1,473   $ 1,425   $ 15,054
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:              
Remeasurement adjustment on class A ordinary shares subject to possible redemption   104,979 330,000        
Subsequent measurement of ordinary shares subject to possible redemption   $ 464,060 $ 1,463,005