v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2025
HKD ($)
$ / shares
shares
Dec. 31, 2024
HKD ($)
$ / shares
shares
Dec. 31, 2023
HKD ($)
$ / shares
shares
Revenue $ 4,345,609 $ 33,823,176 $ 26,085,318 $ 31,961,177
Cost of revenue 3,058,569 23,805,761 13,783,124 13,995,670
Gross profit 1,287,040 10,017,415 12,302,194 17,965,507
Operating expenses        
Selling and marketing expenses 858,778 6,684,126 4,182,830 160,976
Research and development expenses 5,906 45,967 172,810 11,373
General and administrative expenses 4,835,431 37,635,611 27,317,790 11,110,942
Impairment loss of intangible assets 1,829,887 14,242,561 0 0
Total operating expenses 7,530,002 58,608,265 31,673,430 11,283,291
Income (loss) from operations (6,242,962) (48,590,850) (19,371,236) 6,682,216
Investment gain (losses), net        
Option premium income 566,212 4,407,000 0 0
Realized gain on disposal of digital assets 112,216 873,409 0 0
Investment income from stable coins and digital assets 215,958 1,680,869 0 0
Change in fair value of derivative liabilities (359,169) (2,795,520) 0 0
Change in fair value of stable coins, digital assets and digital assets – restricted 15,570,604 121,190,685 0 0
Others (177,689) (1,383,004) 0 0
Total investment gain (losses), net 15,928,132 123,973,439 0 0
Other income (expenses)        
Other income (expenses), net 8,430 65,615 (159,145) 457,941
Realized loss on disposal of financial assets at fair value 0 0 0 (7,874)
Change in fair value on financial assets at fair value 0 0 0 (2,091)
Interest (expense) income, net 32,887 255,969 101,148 (353,002)
Total other income (expenses), net 41,317 321,584 (57,997) 94,974
Profit (loss) before income taxes 9,726,487 75,704,173 (19,429,233) 6,777,190
Income tax (expense) benefit 390,648 3,040,531 (781,759) (148,309)
Net income (loss) 10,117,135 78,744,704 (20,210,992) 6,628,881
Other comprehensive income (loss)        
Foreign currency translation adjustment (91,897) (465,751) 3,964 17,866
Comprehensive income (loss) $ 10,025,238 $ 78,278,953 $ (20,207,028) $ 6,646,747
Weighted average shares outstanding - basic (in shares) 5,644,417 5,644,417 1,656,485 1,448,125
Weighted average shares outstanding - diluted (in shares) 5,806,608 5,806,608 1,656,485 1,448,125
Class A        
Other comprehensive income (loss)        
Weighted average shares outstanding - basic (in shares) 4,513,555 4,513,555 525,623 0
Weighted average shares outstanding - diluted (in shares) 4,675,746 4,675,746 525,623 0
Income (loss) per ordinary share - basic (in HK$ per share or USD per share) | (per share) $ 1.79 $ 13.95 $ (12.20) $ 0
Income (loss) per ordinary share - diluted (in HK$ per share or USD per share) | (per share) [1] $ 1.73 $ 13.47 $ (12.20) $ 0
Class B        
Other comprehensive income (loss)        
Weighted average shares outstanding - basic (in shares) 1,130,862 1,130,862 1,130,862 1,448,125
Weighted average shares outstanding - diluted (in shares) 1,130,862 1,130,862 1,130,862 1,448,125
Income (loss) per ordinary share - basic (in HK$ per share or USD per share) | (per share) $ 1.79 $ 13.95 $ (12.20) $ 4.58
Income (loss) per ordinary share - diluted (in HK$ per share or USD per share) | (per share) [1] $ 1.79 $ 13.95 $ (12.20) $ 4.58
[1] Giving retroactive effect to the 8 for 1 share consolidation effected on July 10, 2025.