v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (18,274,673) $ (29,194,851)
Adjustments to reconcile net loss to net cash provided by (used) for operating activities:    
Depreciation and amortization 2,248,080 2,249,106
Amortization of right of use assets 153,221 50,192
Stock-based compensation 2,409,029 5,427,717
Research and development expense - reclassified 309,826
Gain or loss from disposal equipment 106,192 17,280
Change in fair value of SAFE liabilities 610,000 412,800
Unrealized losses on trading security 13,724
Impairment loss on investment 299,069 3,699,278
Impairment loss in inventories 38,494
Loss on deconsolidation of subsidiaries 234,454
Other income-gain on settlement of accounts payable (137,291)
Change in operating assets and liabilities:    
Accounts receivable - related parties 39,185
Inventories (567,443)
Prepaid expenses (35,320) (54,698)
Prepayment for equipment and intangible assets – customer projects 3,952,458
Other receivable (65,890) (269,882)
Other current assets (4,967) (29,696)
Deposits (49,884) 112,997
Accounts payable (300,099) 611,213
Accrued expenses 5,016,463 5,461,682
Prepayment from customer – related party 36,300 (644,570)
Other payable 2,135,460 2,483,498
Other payable, related parties 91,218 319,077
Operating lease liability (145,783) (48,816)
Net cash used in operating activities (5,635,927) (5,649,924)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Disbursement for other receivable-related parties loans 92,149 (2,203,619)
Proceeds from other receivable-related parties loans 123,761
Cash outflow from disposal of subsidiaries (2,738)
Purchase of property and equipment (16,484) (88,717)
Net cash provided by (used in) investing activities 196,688 (2,292,336)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of short-term loan (1,929,563) (960,731)
Proceeds from short-term loan 2,953,872 606,544
Repayment of convertible long-term bond payable - current (8,330,160)
Proceeds from issuance of common stock 3,894,000
Proceeds from stock subscription 527,782
Proceeds from SAFE notes 4,000,000 4,997,200
Proceeds from other payable - related parties 3,369 172,675
Principal payment of finance lease liability (12,083)
Net cash provided by financing activities 5,027,678 895,228
Net Decrease in Cash and Restricted Cash (411,561) (7,047,032)
CASH AND RESTRICTED CASH, beginning of Year 109,227 7,428,702
Foreign Currency Translation Effect on Cash and Restricted Cash 374,913 (272,443)
CASH AND RESTRICTED CASH, end of Year 72,579 109,227
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash 55,285 93,974
Restricted cash 17,294 15,253
Total 72,579 109,227
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the year for income taxes 2,400 2,400
Cash paid during the year for interest 609,599 115,367
NON-CASH OPERATING, INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock 5,004,000
Cashless exercise of stock options 1,177
Conversion of convertible bonds into common stock 200,000
Vesting of restricted shares 1,000
Settlement of accrued salaries expense through accelerated vesting of options by the employee 3,051,000
Deferred offering costs included in other payable $ 614,880