SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
| Accounting Policies [Abstract] |
|
| SCHEDULE OF FOREIGN CURRENCY TRANSLATION |
For
the three months ended March 31, 2026, the Company used the following exchange rates for its Vietnam subsidiary:
SCHEDULE OF FOREIGN CURRENCY TRANSLATION
| Period ended March 31, 2026 | |
| | | |
| | |
| Balance sheet, except for equity accounts | |
₫ | 26,237 | | |
| VND to $1 USD | |
| Income statement and cash flows | |
₫ | 26,167 | | |
| VND to $1 USD | |
| Balance
sheet, except for equity accounts |
|
¥ |
7.2606 |
|
|
|
RMB
to $1 USD |
|
| Income
statement and cash flows |
|
¥ |
7.2757 |
|
|
|
RMB
to $1 USD |
|
|
| SCHEDULE OF REVENUE |
The
Company generated revenues of $1,184,616 and $1,792,525 for the three months ended March 31, 2026 and 2025, respectively.
SCHEDULE OF REVENUE
| | |
2026 | | |
2025 | |
| | |
Three months ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| Revenues | |
| | |
| |
| Product revenue | |
$ | 102,018 | | |
$ | 1,221,803 | |
| Product revenue - related party | |
| 136,548 | | |
| 134 | |
| Revenue share - related party | |
| 756,008 | | |
| 570,588 | |
| Intelligent Information Service - related party | |
| 157,382 | | |
| - | |
| AI Service Sharing - related party | |
| 32,660 | | |
| - | |
| Total revenues | |
$ | 1,184,616 | | |
$ | 1,792,525 | |
|
| SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED |
Basic
and diluted earnings per share were calculated as follows:
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED
| | |
Three Months Ended
March 31, 2026 | |
|
Three Months Ended
March 31, 2025 |
|
| Basic earnings per share: | |
| | |
|
|
|
|
| Net income (loss) | |
$ | 145,601 | |
|
$ |
(77,177 |
) |
| Less: income allocated to participating securities | |
$ | (28,816 | ) |
|
$ |
- |
|
| Net income (loss) allocated to common stockholders | |
$ | 116,785 | |
|
$ |
(77,177 |
) |
| Weighted-average shares outstanding – basic | |
| 22,596,196 | |
|
|
18,000,000 |
|
| Earnings per share – basic | |
$ | 0.01 | |
|
$ |
(0.00 |
) |
| Diluted earnings per share | |
| | |
| |
| Net income (loss) | |
$ | 145,601 | | |
$ | (77,177 | ) |
| Weighted-average shares outstanding – diluted | |
| 24,810,555 | | |
| 18,000,000 | |
| Earnings per share – diluted | |
$ | 0.01 | | |
$ | (0.00 | ) |
|
| SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED BALANCE SHEET |
The
impact of the revision to record the omitted professional fee accruals on the Company’s previously reported consolidated balance
sheet as of December 31, 2025 was as follows:
SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED BALANCE SHEET
| | |
As Previously Reported | | |
Adjustment | | |
As Revised | |
| Accrued and other liabilities | |
$ | 592,822 | | |
$ | 109,022 | | |
$ | 701,844 | |
| Accumulated deficit | |
$ | (27,229,088 | ) | |
$ | (109,022 | ) | |
$ | (27,338,110 | ) |
|