v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 1,346,642 $ 2,396,619
Restricted cash 2,333,858 2,680,545
Short - term investment 1,423
Accounts receivable, net 670,780 605,236
Other receivables, net 10,601,769 10,880,977
Contract assets 1,436 1,436
Investment Funds 30,894,153 30,413,300
Advances to suppliers and other current assets, net 3,659,578 3,780,896
TOTAL CURRENT ASSETS 49,508,216 50,760,432
NON-CURRENT ASSETS    
Property and equipment, net 133,469 149,904
Right of use assets - operating lease, net 191,495 203,828
Intangible assets, net 428,408 475,466
Debt investment 722,606 711,359
Long-term receivable, net 903,572 986,345
TOTAL NON-CURRENT ASSETS 2,379,550 2,526,902
TOTAL ASSETS 51,887,766 53,287,334
CURRENT LIABILITIES    
Accounts payable 2,444,916 3,261,785
Accrued expenses and other payables 2,237,247 2,219,258
Advances from customers 259,965 223,472
Convertible notes payables 1,689,385 1,734,044
Lease liability - current 147,778 174,423
TOTAL CURRENT LIABILITIES 7,258,494 8,209,906
NON-CURRENT LIABILITIES    
Other non-current liabilities 1,088,809 1,088,809
Lease liability-non-current 19,656 30,929
TOTAL NON-CURRENT LIABILITIES 1,108,465 1,119,738
TOTAL LIABILITIES 8,366,959 9,329,644
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 150,000,000 shares authorized; 5,240,544 shares and 5,048,328 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively [1] 5,240 5,048
Additional paid-in capital 271,144,693 271,044,885
Statutory reserve 98,357 98,357
Accumulated deficits (224,780,727) (223,505,599)
Accumulated other comprehensive loss (2,946,756) (3,685,001)
TOTAL STOCKHOLDERS’ EQUITY 43,520,807 43,957,690
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 51,887,766 53,287,334
Related Party    
CURRENT LIABILITIES    
Amounts due to a related party $ 479,203 $ 596,924
[1] All shares and per share data have been retroactively restated to reflect reverse stock split effected on April 1, 2025 and January 8, 2026.