v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net loss $ (1,376,430) $ (4,157,737) $ (4,340,975)
Adjustments to reconcile net loss to net cash used in operating activities      
Amortization and depreciation 255,046 1,125,254
Issuance cost in relation to warrant 153,189
Change in fair value of warrant liability (690,000)
Share-based compensation 1,265,189
Loss on investments in marketable securities, net 9,266
Unrealized loss (gain) from fair value change of the long-term investments, net (6,431,088)
Impairment loss of long-term investment 1,000,000 77,200
(Gain) loss on disposal of long-lived assets (58,621) 110,852
Impairment loss on long-lived assets 1,699,481 750,381
Allowance for credit loss of due from a related party 521,007
Write-off of prepayment and other receivables 45,677 62,369
Write-off of accounts receivable 6,280
Write-down of inventories 13,206
Gain on disposal of subsidiaries (703)
Amortization of right-of-use assets 50,520 252,345
Interest expense and accretion of convertible debts 180,000 180,000 45,266
Reversal of deferred cash bonus (1,646,228)
Changes in operating assets and liabilities      
Accounts receivable 41,349 126,717
Inventories 14,516
Other receivables and prepayments 17,506 291,078 227,457
Long-term deposits 29,106
Amounts due from related parties 961 63,050
Amounts due to related parties (464) 464 (8,524)
Accounts payable and accrued expenses (28,368) (422,705) 398,635
Operating lease liabilities (91,979) (120,824) (389,365)
Net cash used in operating activities (1,836,546) (1,189,734) (7,724,364)
Cash flows from investing activities      
Purchases of property and equipment (3,015)
Proceeds from disposal of property and equipment 58,621 15,385
Proceeds from sales of investment securities 93,215
Loan to a related party (92,459)
Repayment of loan and interest from a related party 611,641
Net cash provided by investing activities 58,621 624,767
Cash flows from financing activities      
Loan from related parties 2,500,000
Proceeds from issuance of Class A Ordinary Shares and warrant 2,000,000 1,575,562
Exercise of share options 16,506
Payments related to offering costs (284,001)
Repayment of bank loan (3,000,000)
Proceeds from issuance of convertible notes 3,000,000
Proceeds from issuance of Class A Ordinary Shares 3,070,000
Payments related to offering costs (370,800)
Net cash provided by financing activities 4,415,199 4,092,068
Net increase (decrease) in cash and cash equivalents and restricted cash 2,578,653 (1,131,113) (3,007,529)
Cash and cash equivalents – Beginning of year 874,238 2,005,351 5,012,880
Cash and cash equivalents – End of year 3,452,891 874,238 2,005,351
Supplemental disclosures of cash flow information      
Interest paid 94,108
Non-cash operating, investing and financing activities      
Reclassification of placement agent warrant redemption amount 47,000
Right-of-use assets obtained in exchange for new operating lease liabilities 338,525
Convertible notes converted to Class A Ordinary Shares 6,000,000
Settlement of deferred cash bonus by issuance of share options $ 451,660 $ 3,078,196