v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 36,718,776 $ 33,820,069
Clearing deposit 105,134 132,536
Short-term investments 3,182,618 2,243,567
Stablecoins 2,893,518 2,904,894
Digital assets 843,968 1,122,628
Accounts receivable 166,303 300,076
Interest receivable 100,062 38,056
Prepaid expenses and other current assets, net 2,229,135 2,251,298
Current assets of discontinued operations 2,043,371 2,366,332
Total current assets 48,282,885 45,179,456
Non-current assets:    
Operating right-of-use assets, net 909,298 989,530
Property and equipment, net 17,695 7,007
Intangible assets, net 120,000 120,000
Deferred tax assets 145,541 112,832
Security deposit 63,648 63,648
Other long-term investments 122,600 122,600
Total non-current assets 1,378,782 1,415,617
TOTAL ASSETS 49,661,667 46,595,073
Current liabilities:    
Deferred revenue 950,269 230,653
Accrued expenses and other current liabilities 411,425 797,941
Operating lease liabilities 339,534 270,497
Current liabilities of discontinued operations 277,899 457,985
Total current liabilities 1,979,127 1,757,076
Non-current liabilities:    
Lease liabilities 692,936 780,603
Deferred tax liabilities 25,200 25,200
Total non-current liabilities 718,136 805,803
TOTAL LIABILITIES 2,697,263 2,562,879
Commitments and contingencies
Shareholders’ equity:    
Ordinary shares ($0.004 par value, 1,000,000,000 shares authorized as of March 31, 2026, 79,409,800 and 72,883,130 shares issued and outstanding as of March 31, 2026 and December 31, 2025 respectively) 317,658 291,551
Subscription receivable (1,191,960)
Additional paid-in capital 733,662,716 728,211,983
Accumulated deficit (686,899,085) (685,546,641)
Accumulated other comprehensive income 1,075,075 1,075,301
Total shareholders’ equity 46,964,404 44,032,194
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 49,661,667 $ 46,595,073