v3.26.1
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2025
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION  
Schedule of condensed balance sheets

As of December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

ASSETS

 

  ​

 

  ​

Amounts due from related parties

3,104

2,941

Investments in subsidiaries

$

31,364,527

$

39,656,197

Total Assets

$

31,367,631

$

39,659,138

Shareholders’ Equity

 

  ​

 

  ​

Preferred shares, $0.0001 par value; 5,000,000 shares authorized; 290,000 shares issued and outstanding as of December 31, 2025 and 2024

29

29

Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 40,979,382 shares issued, 30,752,370 shares outstanding as of December 31, 2025; 35,728,625 shares issued,25,555,096 shares outstanding as of December 31, 2024 *

$

3,075

 

2,556

Additional paid-in capital *

 

28,658,524

 

11,441,712

Retained earnings

 

4,077,897

 

31,355,902

Accumulated other comprehensive loss

 

(1,371,894)

 

(3,141,061)

Total Shareholders’ Equity

 

31,367,631

 

39,659,138

Total Liabilities and Shareholders’ Equity

$

31,367,631

$

39,659,138

Schedule of condensed statements of comprehensive income

For the years ended

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Share of profit/(loss) in subsidiaries, net (Note a)

$

(27,278,005)

$

12,453,369

$

10,545,978

Income/(loss) before income tax

 

(27,278,005)

 

12,453,369

10,545,978

Income tax provision

 

 

Net income/(loss)

 

(27,278,005)

 

12,453,369

10,545,978

Other comprehensive income/(loss)

 

 

Foreign currency translation gain /(loss)

$

1,769,167

$

(1,135,939)

$

(728,688)

Comprehensive income/(loss)

$

(25,508,838)

$

11,317,430

$

9,817,290

Schedule of condensed statements of cash flows

For the years ended

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Cash flows from operating activities

 

  ​

 

  ​

Net income/(loss)

$

(27,278,005)

$

12,453,369

$

10,545,978

Adjustments to reconcile net income/(loss) to net cash provided by operating activities:

 

 

Equity income/loss in subsidiaries

 

(27,278,005)

 

(12,453,369)

(10,545,978)

Net cash provided by operating activities

 

 

Cash at beginning of year

$

$

$

Cash at the end of the year

$

$

$