v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 17,519,830 $ 28,668,169
Accounts receivable, net 41,935 44,751
Investment in convertible note 20,049,315
Inventories, net 32,966 34,415
Prepaid expenses 335,666 314,602
Other current assets 125 20,124
Total current assets 37,979,837 29,082,061
Non-current assets    
Property and equipment, net 3,900,695 3,937,431
Operating lease right-of-use assets 869,016 933,778
Deferred tax assets 215,019 309,247
Prepaid expenses 143,750 488,821
Total non-current assets 5,128,480 5,669,277
Total Assets 43,108,317 34,751,338
Current liabilities    
Accounts payable and accrued liabilities 426,717 688,927
Contract liabilities - deferred revenue 164,683 145,980
Due to related parties 34,755 216,598
Operating lease liabilities – current 230,357 242,256
Total current liabilities 856,512 1,293,761
Non-current liabilities    
Operating lease liabilities - non-current 638,659 691,522
Deferred tax liabilities 47,604 50,797
Total non-current liabilities 686,263 742,319
Total Liabilities 1,542,775 2,036,080
Commitments and contingencies (Note 15)
Stockholder’s Equity    
Preferred stock: 50,000,000 shares authorized; $0.001 par value, 20,000,000 shares of series A preferred stock designated; 10,000,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025 10,000 10,000
Common stock: 450,000,000 shares authorized; $0.001 par value, 20,204,682 and 15,268,515 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 20,205 15,269
Additional paid-in capital 47,494,506 37,389,259
Accumulated deficit (5,959,169) (4,699,270)
Total Stockholder’s Equity 41,565,542 32,715,258
Total Liabilities and Stockholder’s Equity $ 43,108,317 $ 34,751,338