Note 11 - Deposit for Investment |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2026 | ||||
| Notes to Financial Statements | ||||
| Deposit for Investment [Text Block] |
On October 28, 2025, CNET Technology, a wholly-owned subsidiary of the Company in the British Virgin Islands, entered into a purchase agreement (the “Acquisition Agreement”) with Fun Star Group INC., a British Virgin Islands company (“Fun Star”) and Modest Attack Limited, a British Virgin Islands company (“Modest”), pursuant to which Fun Star will sell its 9.9% equity interests in Modest (the “ Modest Equity Interests”) to CNET Technology. In consideration for the Modest Equity Interests, CNET Technology shall pay to Fun Star $625,000 in cash and cause the Company to issue 150,000 shares of common stock of the Company, having a total value of $375,000 and valued at $2.50 per share, to Fun Star.
As of March 31, 2026, we have paid US$0.3 million and recognized this as deposit for investment. |