v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (11,986,754) $ (13,653,340)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 303,351 159,439
Allowance for credit losses 1,818,151 408,569
Amortization of operating right-of-use asset 446,198 376,361
Amortization of debt issuance cost 811,560 121,149
(Gain) loss on loan extinguishment (67,183) 8,417
Loss on impairment of investment 1,000,000
Gain on disposal of property and equipment (20,685)
Stock compensation expenses 341,462 1,413,458
Non cash finance expense 200,000 1,000,000
Change in fair value of commitment shares to be issued (28,840)
Inventory impairment loss 544,469 2,315,209
Change in operating assets and liabilities:    
Accounts receivable 834,298 (1,672,144)
Inventories 1,234,114 952,291
Prepayments and other current assets 304,289 (11,697)
Prepayments - related parties 10,000
Security deposit 398,633 (381,000)
Accounts payable (797,968) 2,609,342
Other payables and accrued liabilities 1,100,626 437,872
Accrued interest payable - related parties 134,310 101,571
Operating lease liabilities (440,342) (393,362)
Tax accrual (29,643) 160,746
Deferred income - Contract liabilities (95,059) 112,348
Net cash used in operating activities (3,985,013) (5,934,771)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan to Lakeshore (40,000)
Deposit from investment of Future Tech (721,000)
Deposit from licensing fee of Datavault AI (200,000)
Proceeds from disposal of property and equipment 25,959
Proceeds from asset acquisition 31,682  
Net cash used in investing activities (863,359) (40,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the reverse recapitalization 1,120,177
Payments of transaction costs incurred by Lakeshore (1,044,980)
Repayments of promissory note - related party of Lakeshore (75,000)
Capital contribution in advance 1,374,000
Proceeds from exercise of warrants 865,423 451,433
Shares and warrants issued through public offering 3,308,953
Payments of deferred offering costs (266,925)
Proceeds from shares issued under equity line of credit 170,219
Long-term loan borrowing 97,163
Repayments on long-term loan (202,257) (269,119)
Short-term loan borrowing from third parties 1,987,008 4,915,984
Repayments on short-term loan from third parties (1,160,380) (2,850,239)
Short-term loan borrowing from related parties 134,000
Repayments on short-term loan from related parties (220,755) (50,000)
Convertible notes borrowing 2,271,241 1,197,500
Repayments on convertible notes (802,875) (272,920)
Borrowings from other payables - related parties 59,145 38,184
Payments on other payables - related parties (46,273) (30,000)
Net cash provided by financing activities 4,525,659 6,173,048
EFFECT OF FOREIGN EXCHANGE ON CASH 276 94
CHANGES IN CASH AND CASH EQUIVALENTS (322,437) 198,371
CASH AND CASH EQUIVALENTS, beginning of year 420,131 221,760
CASH AND CASH EQUIVALENTS, end of year 97,694 420,131
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 1,700 3,315
Cash paid for interest 391,744 1,276,757
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS:    
Right of use assets acquired under new operating leases 124,372 398,788
Reduction of right-of-use asset and operating lease liabilities based on modification 54,800
Accumulated deficit acquired upon the reverse recapitalization 1,732,630
Deferred offering cost converted to APIC upon the reverse recapitalization 1,100,857
Conversion of convertible notes into shares 1,022,447
Debt-to-equity conversion 1,717,130 1,500,000
Forgiveness of related party’s debt 2,135,573
Asset acquisition via preferred stock issuance 9,415,634
Asset acquisition via convertible note issuance $ 3,000,000