v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (1,352,444) $ (1,301,478)
Less: Net loss from discontinued operations (265,791) (597,716)
Net loss from continuing operations (1,086,653) (703,762)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for doubtful accounts (1,058)
Depreciation of property and equipment 648 126,550
Exchange gains and losses (360) (2,277)
Loss/(gain) from market price of short-term investment 63,072 (3,159)
Loss on market price of stablecoins and digital assets 278,370 68,592
Interest income from short-term investment and providing loans (38,876) (78,501)
Interest cost of convertible note and borrowing Filecoins 60,137
Stock-based compensation 445,821 117,329
Changes in operating assets and liabilities, net of effect of acquisitions:    
Clearing deposit 27,402
Accounts receivable, net of allowance 134,831
Prepaid expenses and other current assets 13,048 (57,795)
Right-of-use assets 80,232 238,330
Deferred tax assets (32,709) (95,310)
Accounts payable (11,778) 32,517
Advance from customers and deferred revenues (215,384) (10,065)
Accrued expenses and other current liabilities (318,292) (339,808)
Lease liabilities (18,630) (93,056)
Net cash used in operating activities in continuing operations (680,316) (740,278)
Net cash used in operating activities in discontinued operations (122,917) (59,781)
Net cash used in operating activities (803,233) (800,059)
Cash flows from investing activities:    
Cash from receiving short-term investment interests and dividends 4,914 6,457
Payments for purchasing digital assets (125,828)
Payments for purchasing property and equipment (11,336)
Cash paid for short-term investments (4,914) (943,690)
Net cash (used in)/provided by investing activities in continuing operations (137,164) (937,233)
Net cash provided by investing activities in discontinued operations
Net cash (used in)/provided by investing activities (137,164) (937,233)
Cash flows from financing activities:    
Issuance of ordinary shares 3,839,040 8,041,900
Convertible notes (4,000,000)
Financing costs (375,000)
Net cash provided by financing activities in continuing operations 3,839,040 3,666,900
Net cash provided by financing activities in discontinued operations
Net cash provided by financing activities 3,839,040 3,666,900
Effect of exchange rate changes by continuing operations 64 20
Effect of exchange rate changes by discontinued operations
Effect of exchange rate changes 64 20
Increase in cash and cash equivalents 2,898,707 1,929,628
Cash and cash equivalents, beginning of the period 33,820,069 24,009,331
Cash and cash equivalents of continuing operations, end of the period 36,718,776 25,938,959
Cash and cash equivalents of discontinued operations, end of the period
Cash and cash equivalents, end of the period $ 36,718,776 $ 25,938,959