v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash $ 8,666 $ 10,093
Short-term investments 780 933
Prepaid expenses for forward purchase contract 13,114,964 13,114,964
Other current assets 16,176 28,712
Total Current Assets 13,140,586 13,154,702
Non-current Assets    
Right of use assets 14,119 17,865
Total Non-current Assets 14,119 17,865
Total Assets 13,154,705 13,172,567
Current Liabilities    
Other payable and accrued expenses 2,016,940 1,961,155
Lease liabilities, current 12,844 14,877
Underwriter fee payable 2,921,250 2,921,250
Total Current Liabilities 8,830,822 8,355,116
Non-current Liabilities    
Lease liabilities, non-current 1,703
Total Non-current Liabilities 1,703
Total Liabilities 8,830,822 8,356,819
Commitments and Contingencies (Note 13)
Shareholders’ Equity    
Common stock ($0.0001 par value, 1,000,000,000 shares authorized; 70,724,664 and 70,724,664 shares issued as of March 31, 2026 and December 31, 2025, including 20,000,000 escrowed earnout shares subject to contingent release conditions, respectively; 50,724,664 and 50,724,664 shares outstanding as of March 31, 2026 and December 31, 2025, respectively) 5,073 5,073
Additional paid-in capital 43,862,158 43,862,158
Accumulated loss (39,545,314) (39,051,663)
Accumulated other comprehensive income 1,966 180
Total Shareholders’ Equity 4,323,883 4,815,748
Total Liabilities and Shareholders’ Equity 13,154,705 13,172,567
Related Party    
Current Liabilities    
Amount due to related parties $ 3,879,788 $ 3,457,834