v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash $ 55,285 $ 93,974
Inventories, net 969,039 1,007,461
Prepaid expenses 226,714 195,633
Other receivable 458,824 383,216
Deferred merger transaction costs 614,880
Other current assets 99,796 90,758
Total Current Assets 6,548,618 5,926,553
NON-CURRENT ASSETS    
Long-term investment, net 1,926,414 2,127,249
Property and equipment, net 1,314,590 1,728,227
Intangible assets, net 9,625,746 11,279,893
Construction in progress 3,665,923 3,750,000
Prepayment for land 40,424,276 40,223,001
Right of use assets, net 404,637 176,406
Prepayment for equipment and intangible assets – customer projects – related parties 736,027 2,146,807
Prepayment for equipment and intangible assets – customer projects 279,710 279,710
Restricted cash 17,294 15,253
Deposits 451,225 392,907
Goodwill 4,573,819 4,573,819
Total Non-Current Assets 63,419,661 66,693,272
Total Assets 69,968,279 72,619,825
CURRENT LIABILITIES    
Short-term loans 8,084,409 6,976,721
Convertible long-term bonds payable – current 200,000
Convertible long-term note payable - current 23,173,200 23,173,200
SAFE liabilities 10,020,000 5,410,000
Accounts payable 1,876,004 2,489,080
Accrued expenses 12,847,788 8,260,411
Other payable 13,393,328 10,435,027
Prepayment from customer - related party 5,452,206 5,323,044
Contract liability - current 762,000 762,000
Lease liabilities - current 176,873 168,251
Total Current Liabilities 77,088,086 64,366,331
NON-CURRENT LIABILITIES    
Lease liabilities - non-current 227,765 56,303
Total Non-current Liabilities 227,765 56,303
Total Liabilities 77,315,851 64,422,634
STOCKHOLDERS’ (DEFICIT) EQUITY    
Preferred Stock, $0.001 par value, 50,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively
Common Stock, $0.001 par value,90,000,000 shares authorized, 19,653,886 and 18,352,613 shares issued and outstanding as of December 31, 2025 and 2024, respectively 19,653 18,352
Additional paid-in capital 117,527,066 114,391,555
Subscribed capital 527,783
Accumulated deficit (124,949,228) (106,674,555)
Accumulated other comprehensive income (loss) 54,937 (65,944)
Total Stockholders’ (Deficit) Equity (7,347,572) 8,197,191
Total Liabilities and Stockholders’ (Deficit) Equity 69,968,279 72,619,825
Related Parties    
CURRENT ASSETS    
Other receivable - related parties 4,124,080 4,155,511
CURRENT LIABILITIES    
Other payable - related parties $ 1,302,278 $ 1,168,597