v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash $ 158,793,720 $ 40,156
Short term loan receivables 156,751,655
Other receivables 66,782 32,853
Total current assets 158,860,502 156,824,664
NON-CURRENT ASSETS    
Right-of-use asset, net 46,582 61,092
Intangible Asset, net 742,428 752,865
Fixed assets, net 4,101 4,045
Total non-current assets 793,111 818,002
TOTAL ASSETS 159,653,613 157,642,666
CURRENT LIABILITIES    
Accounts payable 123,925 122,240
Contract liabilities 108,727 107,249
Taxes payable 4,351,139 4,296,625
Accrued interest on notes 23,224
Notes payable, net of unamortized OID of $0 and $31,250, respectively 2,464,151
Accrued liabilities and other payables 3,164,994 3,291,284
Lease liability 62,472 61,092
Payable for purchase of 10% equity interest of Zhonghong 434,909 428,994
Interest payable on entrusted loans 347,591 347,591
Total current liabilities 8,593,757 11,142,450
NONCURRENT LIABILITIES    
Taxes payable 3,350,625 3,350,625
Total noncurrent liabilities 3,350,625 3,350,625
Total liabilities 11,944,382 14,493,075
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized, 22,959,127 and 20,951,878 shares issued and outstanding 46,339 44,332
Additional paid in capital 204,587,504 201,603,573
Statutory reserve 15,191,645 15,191,645
Accumulated other comprehensive loss (6,612,423) (8,733,535)
Accumulated deficit (65,503,834) (64,956,424)
Total stockholders’ equity 147,709,231 143,149,591
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 159,653,613 $ 157,642,666