v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 6,007,615 $ 3,132,298
Accounts receivable, net 167,477 86,582
Other receivables from an affiliate, net 291,540 16,927
Inventories 1,879,542 37,335
Prepaid expenses and other current assets 1,324,016 194,740
TOTAL CURRENT ASSETS 9,670,190 3,467,882
Operating lease right-of-use assets, net 8,470 23,698
Property, plant and equipment, net 59,340 64,379
Intangible assets 2,609,739 2,680,035
Deferred offering costs 628,232
Prepaid expenses, non-current 1,431,658
TOTAL ASSETS 13,779,397 6,864,226
CURRENT LIABILITIES    
Operating lease liabilities, current 6,764 16,581
Accounts payable 413,290 26,866
Accrued expenses and other liabilities 437,859 182,360
TOTAL CURRENT LIABILITIES 1,643,578 263,060
Deferred tax liabilities 1,463
Operating lease liabilities, non-current 5,684
Accrued expenses and other liabilities, non-current 3,773
Warrant Liabilities 14,991,482
TOTAL LIABILITIES 16,635,060 273,980
Commitments and contingencies
SHAREHOLDERS’ EQUITY (DEFICIT)    
Common shares ($0.0001 par value, 500,000,000 shares authorized; 70,789,261 and 64,730,411 issued and outstanding as of December 31, 2025 and 2024, respectively)* [1] 7,079 6,473
Additional paid-in capital [1] 7,161,681 8,465,744
Accumulated deficits (10,238,359) (1,927,043)
Accumulated other comprehensive income 213,936 45,072
Total shareholders’ equity (deficit) (2,855,663) 6,590,246
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) 13,779,397 6,864,226
Affiliates    
CURRENT LIABILITIES    
Due to affiliates $ 785,665 $ 37,253
[1] Shares related information and additional paid-in capital are retrospectively restated for effect of recapitalization completed on August 28, 2025.