| Schedule of fair value of identifiable assets acquired and liabilities |
| Schedule of fair value of identifiable assets acquired and liabilities |
|
|
|
|
| |
|
Amount |
| |
|
|
| Cash |
|
$ |
4,212,977 |
|
| Accounts receivable, net |
|
|
3,264,577 |
|
| Notes receivables |
|
|
1,299,453 |
|
| Other receivables, net |
|
|
140,172 |
|
| Due from related parties |
|
|
249,273 |
|
| Prepayments |
|
|
131,765 |
|
| Right-of-use assets |
|
|
364,175 |
|
| Accounts payable |
|
|
(2,714,374 |
) |
| Other payables and accrued liabilities |
|
|
(656,039 |
) |
| Contract liabilities |
|
|
(109,908 |
) |
| Taxes payable |
|
|
(494,392 |
) |
| Lease liabilities - current |
|
|
(134,463 |
) |
| Lease liabilities - noncurrent |
|
|
(217,569 |
) |
| Net assets acquired |
|
$ |
5,335,647 |
|
| |
|
|
|
|
| Goodwill |
|
$ |
62,435,299 |
|
| |
|
|
|
|
| Purchase price for the Company |
|
|
65,737,818 |
|
| Fair value of non-controlling interest |
|
|
2,033,128 |
|
| Total purchase price |
|
$ |
67,770,946 |
|
|
| Schedule of income and losses from operations |
| Schedule of income and losses from
operations |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the year ended December 31, 2024 |
|
For the year ended December 31, 2023 |
|
For the year ended December 31, 2022 |
| |
|
|
|
|
|
|
| Revenue |
|
$ |
17,622,367 |
|
|
$ |
13,426,051 |
|
|
$ |
17,634,143 |
|
| Net income/(loss) |
|
|
1,703,675 |
|
|
|
2,699,315 |
|
|
|
(226,904 |
) |
|
| Schedule of carrying amount of good will |
| Schedule of carrying amount of good will |
|
|
|
|
| |
|
Acquisition of Pure Tech |
| |
|
(Restated) |
| |
|
|
| Balance as of December 31, 2024 |
|
$ |
62,435,299 |
|
| Impairment of goodwill |
|
|
(51,186,782 |
) |
| Effect of foreign exchange rate |
|
|
1,310,861 |
|
| Balance as of December 31, 2025 |
|
$ |
12,559,378 |
|
|