v3.25.4
Condensed Consolidated Balance Sheets
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2025
HKD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
HKD ($)
Dec. 31, 2023
HKD ($)
Cayson Acquisition Corp [Member]            
Current Assets            
Cash and cash equivalents $ 87,898     $ 465,254    
Prepaid expenses 128,804     129,496    
Total current assets 216,702     594,750 $ 594,750  
Prepaid expenses - non-current portion     66,158    
Cash held in escrow account 600,000        
Investments held in Trust Account 62,676,305     60,752,079    
Total non-current assets 63,276,305     60,818,237    
Total assets 63,493,007     61,412,987    
Current Liabilities            
Accrued offering costs 75,000     65,000    
Accrued expenses 23,479     38,025    
Total current liabilities 698,479     103,025    
Deferred underwriting commission payable 2,100,000     2,100,000    
Total liabilities 2,798,479     2,203,025    
Commitments and Contingencies (Note 16)        
Ordinary shares subject to possible redemption 63,276,305     60,752,079    
SHAREHOLDERS’ EQUITY            
Preferred shares, value        
Class A ordinary shares (US$0.0001 par value, 400,000,000 shares authorized, 21,052,632 shares issued and outstanding)* 183     183    
Additional paid-in capital        
Accumulated deficit (2,581,960)     (1,542,300)    
Total shareholders' equity (2,581,777)     (1,542,117)    
Total liabilities and shareholders' equity 63,493,007     61,412,987    
Cayson Acquisition Corp [Member] | Nonrelated Party [Member]            
Current Liabilities            
Promissory note 300,000        
Cayson Acquisition Corp [Member] | Related Party [Member]            
Current Assets            
Deposits and other receivables (net of allowance of nil and HK$5,000 as of December 31, 2023 and 2024) 0     0    
Current Liabilities            
Promissory note $ 300,000        
North Water Investment Group Holdings Limited [Member]            
Current Assets            
Cash and cash equivalents       819,961 6,341,165 $ 18,644,879
Cash-segregated for regulatory purpose       492,258 3,806,881 3,654,175
Term deposits       15,000,000
Financial instruments held, at fair value       162 1,254 1,471
Receivables from customers (net of allowance of nil and HK$62,263 as of December 31, 2023 and 2024)       27,640 213,754 55,584
Deposits and other receivables (net of allowance of nil and HK$5,000 as of December 31, 2023 and 2024)       10,899 84,285 456,138
Prepaid expenses       35,744 276,428 47,516
Total current assets       1,386,664 10,723,767 37,859,763
Plant and equipment, net       8,342 64,509 2,146
Operating lease right-of-use assets, net       450,838 3,486,556
Other non-current assets       113,711 879,384 248,124
Total non-current assets       572,891 4,430,449 250,270
Total assets       1,959,555 15,154,216 38,110,033
Current Liabilities            
Payables to customers       491,713 3,802,657 3,657,815
Accruals and other current liabilities       81,025 626,608 595,131
Contract liabilities       3,879 30,000
Income taxes payable       915 7,078 7,078
Operating lease liabilities - current       245,217 1,896,384
Amount due to a director       1,265 9,783
Total current liabilities       824,014 6,372,510 4,260,024
Operating lease liabilities - non-current       204,878 1,584,423
Total non-current liabilities       204,878 1,584,423
Total liabilities       1,028,892 7,956,933 4,260,024
Commitments and Contingencies (Note 16)      
SHAREHOLDERS’ EQUITY            
Class A ordinary shares (US$0.0001 par value, 400,000,000 shares authorized, 21,052,632 shares issued and outstanding)* [1]      
Additional paid-in capital       12,930,756 99,999,999 130,000,000
Accumulated deficit       (12,000,093) (92,802,716) (96,149,991)
Total shareholders' equity       930,663 7,197,283 33,850,009
Total liabilities and shareholders' equity       $ 1,959,555 15,154,216 $ 38,110,033
Mango Financial Group Limited [Member]            
Current Assets            
Cash and cash equivalents   $ 2,259,198 $ 17,666,926   6,341,165  
Cash-segregated for regulatory purpose   7,093,814 55,473,628   3,806,881  
Financial instruments held, at fair value   168 1,312   1,254  
Receivables from customers (net of allowance of nil and HK$62,263 as of December 31, 2023 and 2024)   166,671 1,303,365   213,754  
Deposits and other receivables (net of allowance of nil and HK$5,000 as of December 31, 2023 and 2024)   9,284 72,599   84,285  
Prepaid expenses   788,142 6,163,270   276,428  
Total current assets   10,317,277 80,681,100   10,723,767  
Plant and equipment, net   11,578 90,538   64,509  
Operating lease right-of-use assets, net   328,714 2,570,547   3,486,556  
Deferred offerings costs   406,093 3,175,646    
Other non-current assets   112,453 879,384   879,384  
Total non-current assets   858,838 6,716,115   4,430,449  
Total assets   11,176,115 87,397,215   15,154,216  
Current Liabilities            
Payables to customers   7,094,148 55,476,232   3,802,657  
Accruals and other current liabilities   235,881 1,844,587   626,608  
Contract liabilities   514,287 4,021,720   30,000  
Income taxes payable   905 7,078   7,078  
Operating lease liabilities - current   249,200 1,948,747   1,896,384  
Amount due to a director   2,530 19,783   9,783  
Total current liabilities   8,096,951 63,318,147   6,372,510  
Contract liabilities non current   305,907 2,392,195    
Operating lease liabilities - non-current   76,315 596,780   1,584,423  
Total non-current liabilities   382,222 2,988,975   1,584,423  
Total liabilities   8,479,173 66,307,122   7,956,933  
Commitments and Contingencies (Note 16)      
SHAREHOLDERS’ EQUITY            
Class A ordinary shares (US$0.0001 par value, 400,000,000 shares authorized, 21,052,632 shares issued and outstanding)*   4,189 32,758   32,758  
Additional paid-in capital   14,062,308 109,967,241   99,967,241  
Accumulated deficit   (11,369,555) (88,909,906)   (92,802,716)  
Total shareholders' equity   2,696,942 21,090,093   7,197,283  
Total liabilities and shareholders' equity   $ 11,176,115 87,397,215   15,154,216  
Mango Financial Group Limited [Member] | Related Party [Member]            
Current Liabilities            
Payables to customers     $ 40,008,605   $ 98,605  
[1] Retroactively