v3.26.1
Consolidated Statements of Changes in Deficit - USD ($)
Ordinary Shares
Class A
Ordinary Shares
Class B
Paid in capital
Additional paid-in capital
Prepaid forward repurchase receivable
Capital receivables from shareholders
Accumulated deficit
Accumulated other comprehensive (loss)/income
Total shareholders’ deficit attributable to Polibeli Group Ltd
Non- controlling interests (“NCI”)
Capital receivables from NCI
Total
Balance at Dec. 31, 2022 $ 3,127 [1] $ 473 [1] $ 6,525,668 $ 897,788 $ (2,337,213) $ (9,250,860) $ (377,837) $ (4,538,854) $ 212,454 $ (212,454) $ (4,538,854)
Balance (in Shares) at Dec. 31, 2022 [1] 312,720,720 47,279,280                    
Net loss [1] [1] (6,726,689) (6,726,689) (6,726,689)
Reorganization effect [2] [1] [1] (144,868) (144,868) (144,868)
Capital injection [1] [1] 31,886 2,337,213 2,369,099 2,369,099
Foreign currency translation adjustments [1] [1] (151,551) (151,551) 1,980 (1,980) (151,551)
Balance at Dec. 31, 2023 $ 3,127 [1] $ 473 [1] 6,412,686 897,788 (15,977,549) (529,388) (9,192,863) 214,434 (214,434) (9,192,863)
Balance (in Shares) at Dec. 31, 2023 [1] 312,720,720 47,279,280                    
Net loss [1] [1] (10,978,791) (10,978,791) (10,978,791)
Equity repurchase from non-controlling interests [1] [1] (214,434) 214,434
Reorganization effect [2] [1] [1] (6,412,686) 763,396 (5,649,290) (5,649,290)
Foreign currency translation adjustments [1] [1] 1,181,947 1,181,947 1,181,947
Balance at Dec. 31, 2024 $ 3,127 [1] $ 473 [1] 1,661,184 (26,956,340) 652,559 (24,638,997) (24,638,997)
Balance (in Shares) at Dec. 31, 2024 [1] 312,720,720 47,279,280                    
Net loss [1] [1] (5,970,105) (5,970,105) (5,970,105)
Reverse Recapitalization transaction [1] $ 64 18,672,943 18,673,007 18,673,007
Reverse Recapitalization transaction (in Shares) [1] 6,387,470                    
Prepaid forward share repurchase transaction [3] [1] [1] (30,546,975) (30,546,975) (30,546,975)
Capitalization of offering costs related to Business Combination [1] [1] (2,686,855) (2,686,855) (2,686,855)
Exercise of OET [1] [1] 4,307 238,817 243,124 243,124
Foreign currency translation adjustments [1] [1] (491,984) (491,984) (491,984)
Balance at Dec. 31, 2025 $ 3,191 [1] $ 473 [1] $ 17,651,579 $ (30,308,158) $ (32,926,445) $ 160,575 $ (45,418,785) $ (45,418,785)
Balance (in Shares) at Dec. 31, 2025 [1] 319,108,190 47,279,280                    
[1] Par value of ordinary shares, additional paid-in capital, and share data have been retroactively restated to give effect to the Reverse Recapitalization related to the Business Combination completed on August 7, 2025. (Note 1)
[2] Represents the reorganization transaction as discussed in Note 1(c) and Note 16.
[3] Payment related to the prepaid forward share repurchase transaction was made from the Trust Account of Chenghe Acquisition II Co. immediately before the closing of Business Combination.