v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (53,625,096) $ (2,100,495) $ (2,868,157)
Net profit from discontinued operations 18,570,629
Net loss from continuing operations (53,625,096) (2,100,495) (21,438,786)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Impairment of goodwill 51,186,782
 Depreciation and amortization 173,971 75,985
 Right-of-use assets depreciation 238,559 37,025
Gain of investment (84,634)
Interest income (169,726)
Allowance for (recovery from) expected credit losses (42,966) 19,520,843
Imputed interest expense 504,021 546,525 736,941
Change in operating assets and liabilities      
Accounts receivable 602,031 (83,703) (180,000)
Notes receivables 424,654
Other receivables (92,549) 4,892,315 (323,235)
Due from a related party 251,175
Prepayments (52,629) (26,539) (10,367)
Accounts payable 397,399 95,838
Other payables and accrued liabilities (87,381) 55,226 61,846
Contract liabilities (28,611) (72,766)
Taxes payable (130,663) 38,386 583
Lease liabilities (240,431) (36,183)
Due from discontinued operations (3,618,253)
Net cash (used in) provided by operating activities from continuing operations (521,734) 3,251,888 (5,335,062)
Net cash provided by operating activities from discontinued operations 2,615,101
Net cash (used in) provided by operating activities (521,734) 3,251,888 (2,719,961)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash deposit in escrow account (5,114,000) (47,387,762)
Cash received from escrow account 5,000,000
Loan to third party (7,500,000)
Cash proceeds from acquisition Pure Tech 4,212,977
Acquisitions of property, plant and equipment (768,803)
Long-term investment in equity (100,060)
Net cash used in investing activities from continuing operations (4,269,886) (47,387,762)
Net cash provided by investing activities from discontinued operations 14,054
Net cash used in investing activities (4,269,886) (47,373,708)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of common stock under F3 5,697,396 49,522,314
Net proceeds from issuance of convertible bonds 2,947,762
Net proceeds from short-term loans 645,024
Refunds from escrow 96,932
Net cash provided by financing activities from continuing operations 645,024 5,697,396 52,567,008
Net cash used in financing activities from discontinued operations (2,997,269)
Net cash provided by financing activities 645,024 5,697,396 49,569,739
EFFECT OF EXCHANGE RATE CHANGES 296,302 (38,332) (28,715)
NET CHANGE IN CASH 419,592 4,641,066 (552,645)
CASH, beginning of year 4,693,725 52,659 1,038,819
CASH, end of year 5,113,317 4,693,725 486,174
LESS: CASH, CASH EQUIVALENTS AND RESTRICTED CASH FROM DISCONTINUED OPERATIONS 433,515
CASH, CASH EQUIVALENTS AND RESTRICTED CASH FROM CONTINUING OPERATIONS 5,113,317 4,693,725 52,659
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Third parties paid for consideration for Pure Tech 59,784,723
Escrow account transit to Pure Media before acquiring 510,000
Acquisition of Pure Tech by issuing convertible promissory notes 5,953,095
 Convertible promissory notes converted to ordinary shares $ 3,360,141 $ 3,643,500