Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Consolidated Statements of Operations and Comprehensive Income (Unaudited) | ||||
| Revenues | $ 50,193,999 | $ 43,245,368 | $ 100,297,869 | $ 85,968,421 |
| Cost of goods sold | (23,339,079) | (18,868,349) | (45,298,709) | (37,395,441) |
| Gross profit | 26,854,920 | 24,377,019 | 54,999,160 | 48,572,980 |
| Operating expenses | ||||
| Selling, general and administrative expenses | 24,414,985 | 26,681,869 | 49,402,101 | 50,983,847 |
| Income (loss) from operations | 2,439,935 | (2,304,850) | 5,597,059 | (2,410,867) |
| Other income (expense): | ||||
| Interest expense | (300,185) | (1,481,669) | (653,911) | (2,953,029) |
| Interest earned | 35,133 | 16,884 | 41,132 | 60,820 |
| Foreign exchange loss/gain | (162,075) | (63,455) | (574,269) | 370,213 |
| Other income | 572,182 | 591,576 | 1,039,270 | 1,097,079 |
| Total other income (expense) | 145,055 | (936,664) | (147,778) | (1,424,917) |
| Net income (loss) before tax | 2,584,990 | (3,241,514) | 5,449,281 | (3,835,784) |
| Provision for income taxes | 623,120 | 490,377 | 1,319,254 | 154,324 |
| Net income (loss) | 1,961,870 | (3,731,891) | 4,130,027 | (3,990,108) |
| Less: Net loss attributable to noncontrolling interest | (203,180) | (147,546) | (295,818) | (174,155) |
| Net income (loss) attributable to MRDN | $ 2,165,050 | $ (3,584,345) | $ 4,425,845 | $ (3,815,953) |
| Weighted average ordinary shares outstanding: | ||||
| Basic | 12,665,133 | 11,497,369 | 12,653,266 | 11,238,823 |
| Diluted | 12,759,079 | 11,497,369 | 12,772,141 | 11,238,823 |
| Net income (loss) per ordinary share attributable to MRDN: | ||||
| Basic | $ 0.17 | $ (0.31) | $ 0.35 | $ (0.34) |
| Diluted | $ 0.17 | $ (0.31) | $ 0.35 | $ (0.34) |
| Net income (loss) | $ 1,961,870 | $ (3,731,891) | $ 4,130,027 | $ (3,990,108) |
| Foreign currency translation adjustments | (1,050,099) | 4,198,530 | (1,373,424) | 5,569,578 |
| Comprehensive income | 911,771 | 466,639 | 2,756,603 | 1,579,470 |
| Less: Net loss attributable to noncontrolling interest | (203,180) | (147,546) | (295,818) | (174,155) |
| Comprehensive income attributable to MRDN | $ 1,114,951 | $ 614,185 | $ 3,052,421 | $ 1,753,625 |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent, and includes adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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