v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 9,911,255 $ 6,708,340
Accounts receivable, net 2,457,238 2,445,245
Advance to suppliers 225,604 313,924
Inventories 1,656,675 2,163,437
Loan to third party 5,354,888
Prepaid expenses 58,492 144,274
Other receivables 40,925 7,478
Total Current Assets 19,705,077 11,782,698
Noncurrent Assets    
Plant, property and equipment, net 19,854 21,942
Right-of-use assets, net 424,203 594,801
Investment in fund 26,947,613 23,104,628
Lease deposit 43,260 43,260
Total Noncurrent Assets 27,434,930 23,764,631
Total Assets 47,140,007 35,547,329
Current Liabilities    
Accounts payable 128,574 327,134
Operating lease liabilities, current 415,678 591,350
Finance lease liabilities - current 20,858 20,574
Contract liabilities 89,147 58,786
Loan from shareholders 406,135 398,014
Accrued liabilities and other payables 456,698 943,312
Other loan 3,605 3,572
Security deposit 50,000
Total Current Liabilities 1,520,695 2,392,742
Noncurrent Liabilities    
Other loan 136,186 137,117
Finance lease liabilities - non-current 14,553 19,876
Convertible notes 5,117,616 5,038,026
Total Noncurrent Liabilities 5,268,355 5,195,019
Total Liabilities 6,789,050 7,587,761
Contingencies and Commitments
Stockholders’ Equity    
Common stock, $0.001 par value; 5,000,000,000 shares authorized, 53,531,228 and 41,885,728 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 53,531 41,886
Additional paid-in capital 93,011,758 80,823,528
Accumulated other comprehensive income 504,247 504,247
Accumulated deficits (53,218,579) (53,410,093)
Total Stockholders’ Equity 40,350,957 27,959,568
Total Liabilities and Stockholders’ Equity $ 47,140,007 $ 35,547,329