v3.26.1
Unaudited Condensed Consolidated Balance Sheets
$ in Millions
Jun. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Current Assets    
Cash and cash equivalents $ 31,944 $ 681,480
Restricted cash 645,505
Short-term investments 62,420 64,354
Prepaid expense and other current assets 151,559 346,616
Total Current Assets 411,729 2,501,343
Property and equipment, net 12,831,939 12,835,409
Operating lease right-of-use assets 1,743,926 1,913,278
Long-term investments 2,489,697 1,878,465
Prepayment for long-term investments 1,124,842 1,124,842
Prepayment for asset acquisition 691,900 691,900
Other non-current assets 106,682 116,966
Total Assets 19,400,715 21,062,203
Current Liabilities    
Short-term bank and other loans 59,462 755,512
Accrued expenses and other current liabilities 4,200,027 4,161,629
Contract liabilities 12,600 12,600
Operating lease liabilities 358,107 317,557
Taxes payable 11,964
Total Current Liabilities 5,694,505 6,163,976
Tenant security deposit 31,167
Operating lease liability – non-current 1,405,483 1,600,747
Total Liabilities 7,131,155 7,764,723
COMMITMENTS AND CONTINGENCIES  
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 25,767,664 and 25,053,193 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 26,220 25,053
Stock to be issued 105,000 359,000
Additional paid-in capital 97,722,998 96,008,258
Accumulated deficit (79,155,537) (76,858,361)
Accumulated other comprehensive income 498,193 487,602
Treasury stock (8,909,691) (8,909,691)
Total Stockholders’ equity 10,287,183 11,111,861
Noncontrolling interest 1,982,377 2,185,619
Total Equity 12,269,560 13,297,480
Total Liabilities and Equity 19,400,715 21,062,203
Related Party    
Current Assets    
Due from related parties 136,344 763,388
Convertible notes receivable – related parties 29,462
Current Liabilities    
Due to related parties 265,299 105,704
Convertible notes payable – related parties 240,000 240,000
Third Parties    
Current Liabilities    
Convertible notes payable – third parties $ 559,010 $ 559,010