v3.26.1
Variable Interest Entity (Tables)
 9 Months Ended
Sep. 30, 2025
Variable Interest Entity [Abstract]  
Schedule of Carrying Amount of the Assets and Liabilities

The carrying amount of the assets and liabilities are as follows:

 

   As of
September 30,
2025		 
Cash  $275 
Property and equipment, net   4,091,652 
Total assets  $4,091,927 
      
Current portion of long-term debt  $86,155 
Long-term debt, net of current portion   2,622,930 
Accrued expenses   151 
Intercompany payable to Visiontech   1,333,567 
Total liabilities  $4,042,803 
Schedule of Operating Results of VIE Included in the Unaudited Condensed Consolidated Statements of Operations

The operating results of VIE included in the unaudited condensed consolidated statements of operations are as follows for the period indicated:

 

   For the
three months ended
September 30,
2025		   For the
nine months ended
September 30,
2025		 
Revenue*  $83,210   $249,631 
Selling, general and administrative   4,401    88,466 
Interest expense   24,633    73,927 
Income tax   
-
    1,700 
Net income  $54,176   $85,538 

 

* Upland generated its revenue from leasing the warehouse to Visiontech. Revenue of Upland was fully eliminated on the unaudited condensed consolidated statements of operations.