v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (1,689,937) $ (944,190)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,783 7,021
Stock-based compensation 787,374 48,773
Other non-cash expenses 210,040
Loss on investment in equity securities 31,416 50,877
Short-term investments 1,168
Amortization of right-of-use asset 86,373 106,927
Changes in operating assets and liabilities:    
Inventories (11,460)
Prepaid expenses and other current assets 96,599 (149)
Due from related parties (133,778) 54,113
Other assets – tenant security deposit 5,029
Accrued expenses and other current liabilities (7,265) 40,113
Tax payable (5,944)
Tenant security deposit 9,077
Operating lease liabilities (75,109) (106,927)
Net cash used in operating activities (894,243) (539,833)
Cash flows from investing activities    
Payment for convertible notes receivable (32,000)
Repayment from related parties 759,123
Prepayment for Long-term investment (680,000)
Net cash provided by investing activities 47,123
Cash flows from financing activities    
Repayment of short-term loans (661,650) (29,250)
Proceeds from exercise of warrants 102,000 411,667
Common stock subscription 319,492
Due to related parties, net (102,023) 46,339
Net cash (used in) provided by financing activities (342,181) 428,756
Effect of exchange rate changes on cash and cash equivalents and restricted cash 2,640 6,830
Net decrease in cash and cash equivalents and restricted cash (1,186,661) (104,247)
Cash and cash equivalents and restricted cash    
Beginning 1,326,985 863,815
Ending 140,324 759,568
Cash paid during the year for:    
Interest expense paid 4,190 5,231
Income taxes paid 5,944
Non-cash financing and investing activities    
Acquiring control of the land 7,670,000
Issuance of common stock for conversion of debt 47,579
Conversion of convertible note due from related parties to equity investment $ 563,819