Going Concern |
3 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Mar. 31, 2026 | |||||||
| Going Concern [Abstract] | |||||||
| Going concern | NOTE 3 — Going concern
The accompanying financial statements have been prepared assuming that the Group will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.
As reflected in the accompanying financial statements, the Group had an accumulated deficit on March 31, 2026 of $71,130,231 and on March 31, 2025 of $71,050,817. The Group incurred net income of $44,951 and had net cash provided by operating activities of $655 for the three months ended March 31, 2026. As of March 31, 2026, the Group had net current liability of $317,888.
These conditions raised substantial doubt about the Group’s ability to continue as a going concern. The Group’s ability to continue as a going concern will require the Group to obtain additional financing to fund its operations. In assessing the going concern, the board of directors has considered:
The board of directors believes the Group has adequate financial resources to continue in operational existence for the foreseeable future, a period of at least 12 months from the date of this report. Accordingly, the going concern basis of accounting continues to be used in the preparation of the condensed consolidated financial statements for the three months ended March 31, 2026. |