v3.25.3
Condensed Financial Information of the Parent Company (Tables) - Parent Company [Member]
 6 Months Ended
Jun. 30, 2025
Condensed Financial Information of the Parent Company [Line Items]  
Schedule of Parent Company Balance Sheets

PARENT COMPANY BALANCE SHEETS 

(Expressed in U.S. Dollars, except for the number of shares)

 

   June 30,
2025		   December 31,
2024		 
   (Unaudited)     
ASSETS        
Current assets:        
Cash  $5,843,809   $6,489,424 
Short-term investments   15,650,000    14,700,000 
Advances to suppliers, net   791,780    
-
 
Intercompany receivables   15,000    15,000 
Prepaid expenses and other current assets   54,795    1,293,893 
Total current assets   22,355,384    22,498,317 
           
Non-current assets          
Investments in non-VIE subsidiaries   13,904,092    14,138,600 
Total non-current assets   13,904,092    14,138,600 
Total Assets  $36,259,476   $36,636,917 
           
Liabilities and Shareholders’ Equity          
Current liabilities          
Intercompany payable  $1,364,251   $1,361,997 
Advances from customers   299,995    
-
 
Total current liabilities   1,664,246    1,361,997 
           
Total Liabilities   1,664,246    1,361,997 
           
Commitments and Contingencies   
-
    
-
 
           
Shareholders’ Equity          
Class A Ordinary Shares, US$0.0001 par value; 431,808,000 shares authorized, 21,107,364 shares issued and outstanding.   2,111    2,111 
Class B Ordinary Shares, US$0.0001 par value; 58,192,000 shares authorized, 8,192,000 shares issued and outstanding.   819    819 
Additional paid-in capital   24,920,060    24,920,060 
Statutory reserve   836,215    836,215 
Retained earnings   9,574,949    10,491,058 
Accumulated other comprehensive loss   (738,924)   (975,343)
Total Shareholders’ Equity   34,595,230    35,274,920 
           
Total Liabilities and Shareholders’ Equity  $36,259,476   $36,636,917 
Schedule of Parent Company Statements of Operations and Comprehensive Income

PARENT COMPANY STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Expressed in U.S. Dollars)

 

   Six Months Ended June 30, 
   2025   2024 
   (Unaudited)   (Unaudited) 
Operating expenses:        
General and administrative  $548,003   $770,127 
Total operating expenses   548,003    770,127 
           
Operating loss   (548,003)   (770,127)
           
Other income (expense)          
Net investment gain   15,616    203,675 
Interest income   98,813    247,440 
Other expense, net   (11,608)   (8,145)
Total other income, net   102,821    442,970 
           
Share of (loss) income from subsidiaries   (470,927)   448,819 
           
Net (loss) income  $(916,109)  $121,662 
Comprehensive income          
Net (loss) income  $(916,109)  $121,662 
           
Comprehensive (loss) income  $(916,109)  $121,662 
(Loss) earnings per ordinary share          
Basic and diluted  $(0.03)  $0.01 
           
Weighted average number of ordinary shares outstanding          
Basic and diluted   29,299,364    14,392,364 
Schedule of Parent Company Statements of Cash Flows

PARENT COMPANY STATEMENTS OF CASH FLOWS

(Expressed in U.S. Dollars)

 

   Six Months Ended June 30, 
   2025   2024 
   (Unaudited)   (Unaudited) 
Operating activities:        
Net (loss) income  $(916,109)  $121,662 
Adjustments to reconcile net (loss) income to net cash used in operating activities:          
Accrued interest income from loans   
-
    (147,835)
Net investment gain   470,927    (652,494)
Changes in operating assets and liabilities:          
Advances to suppliers   (791,780)   
-
 
Prepaid expenses and other current assets   239,097    
-
 
Advances from customers   299,995    
-
 
Due to intercompany   2,255    
-
 
Net cash used in operating activities   (695,615)   (678,667)
           
Investing activities          
Loans to third parties   
-
    (1,092,453)
Prepayment from third-party loans   
-
    2,443,523 
Purchases of held-to maturity investments   (1,650,000)   (9,500,000)
Redemption of Held-to-maturity investments   700,000    
-
 
Deposit for acquisition   
-
    (1,010,041)
Refund of deposit for acquisition   1,000,000    
-
 
Net cash provided by (used in) investing activities   50,000    (9,158,971)
           
Financing activities          
Proceeds from private placement   
-
    8,200,000 
Net cash provided by financing activities   
-
    8,200,000 
           
Net decrease in cash   (645,615)   (1,637,638)
Cash and equivalents at beginning of period   6,489,424    8,236,065 
Cash and equivalents at end of period  $5,843,809   $6,598,427