v3.26.1
CONSOLIDATED BALANCE SHEETS
Sep. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Current assets:    
Cash and equivalents $ 394,370
Accounts receivable, net 1,032,053
Amounts due from related parties 106,703
Inventories 1,505,782
Prepayments and other current assets 2,415,450 1,114
Total current assets 5,454,358 1,114
Non-current assets:    
Property and equipment, net 399,681 2,503
Intangible assets, patent technology 3,576,833
Operating lease right-of-use asset 311,384
Goodwill 6,278,366
Accounts receivable, net of non-current portion 832,280
Total non-current assets 11,398,544 2,503
Total assets: 16,852,902 3,617
Current liabilities:    
Accounts payable 1,112,702 14,205
Accounts payable, related party 46,598 50,978
Contract liabilities 87,996
Notes payable, unrelated parties 186,495
Notes payable, related parties 188,914 39,611
Operating lease liabilities, current portion 98,894
Short-term borrowings 2,452,592
Accrued expenses and other current liabilities 150,422 338,865
Total current liabilities 4,324,613 443,659
Non-current liabilities:    
Operating lease liabilities, net of current portion 198,816
Deferred tax liabilities 536,525
Total non-current liabilities 735,341
Total liabilities: 5,059,954 443,659
Mezzanine equity: Redeemable non-controlling interest 727,156
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; 17,895 and 13,400 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 18 13
Common stock, $0.001 par value, 500,000,000 shares authorized; 35,311,829 and 78,086,881 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 35,312 78,087
Contingent consideration 1,652,910
Additional paid in capital 10,177,111 1,196,426
Accumulated deficit (1,518,073) (1,714,568)
Accumulated other comprehensive loss 19,134
SecureTech shareholders 10,366,412 (440,042)
Non-controlling interests 699,380
Total stockholders’ equity (deficit) 11,065,792 (440,042)
Total liabilities and stockholders’ equity $ 16,852,902 $ 3,617