v3.26.1
Unaudited Condensed Consolidated Balance Sheets
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
CURRENT ASSETS    
Cash $ 171,742 $ 55,285
Inventories, net 968,754 969,039
Prepaid expenses 216,438 226,714
Other receivable 332,745 458,824
Deferred merger transaction costs 614,880 614,880
Other current assets 95,950 99,796
Total Current Assets 4,664,781 6,548,618
NON-CURRENT ASSETS    
Long-term investment, net 21,370,769 1,926,414
Property and equipment,net 4,345,778 1,314,590
Intangible asset, net 9,313,111 9,625,746
Construction in progress 3,665,923
Prepayment for land 40,325,666 40,424,276
Right of use assets, net 339,250 404,637
Prepayment for equipment and intangible assets – customer projects – related parties 736,027 736,027
Prepayment for equipment and intangible assets – customer projects 279,710 279,710
Restricted cash 17,294 17,294
Deposits 210,774 451,225
Goodwill 4,573,819 4,573,819
Total Non-Current Assets 81,512,198 63,419,661
Total Assets 86,176,979 69,968,279
CURRENT LIABILITIES    
Short-term loans 7,431,978 8,084,409
Convertible long-term note payable - current 23,173,200 23,173,200
SAFE liabilities 9,900,000 10,020,000
Accounts payable 1,875,859 1,876,004
Accrued expenses 13,559,223 12,847,788
Other payable 14,920,215 13,393,328
Prepayment from customer - related party 4,739,984 5,452,206
Contract liability - current 762,000 762,000
Lease liabilities - current 145,540 176,873
Total Current Liabilities 88,015,979 77,088,086
NON-CURRENT LIABILITIES    
Lease liabilities - non-current 193,710 227,765
Total Non-Current Liabilities 193,710 227,765
Total Liabilities 88,209,689 77,315,851
STOCKHOLDERS’ DEFICIT    
Preferred Stock, $0.001 par value, 50,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common Stock, $0.001 par value,90,000,000 shares authorized, 19,653,886 shares issued and outstanding as of March 31, 2026 and December 31, 2025 19,653 19,653
Additional paid-in capital 117,744,942 117,527,066
Accumulated deficit (120,158,921) (124,949,228)
Accumulated other comprehensive income 361,616 54,937
Total Stockholders’ Deficit (2,032,710) (7,347,572)
Total Liabilities and Stockholders’ Deficit 86,176,979 69,968,279
Related Parties    
CURRENT ASSETS    
Other receivable - related parties 2,264,272 4,124,080
CURRENT LIABILITIES    
Other payable - related parties $ 11,507,980 $ 1,302,278