v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (2,500,418) $ (3,277,023)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 12,299 13,718
Stock-based compensation 1,040,415 1,620,386
Other non-cash expenses (866) 317,279
Loss on investment in equity securities 56,182 95,794
Loss on short-term investment 1,204
Amortization of right-of-use asset 169,352 181,062
Changes in operating assets and liabilities:    
Inventories (11,460)
Prepaid expenses and other current assets 204,221 (73,786)
Due from related parties (24,007) (190,394)
Accrued expenses and other current liabilities 38,398 23,248
Tenant security deposit 31,167 24,710
Taxes payables (11,889) 23,521
Operating lease liabilities (154,714) (181,062)
Net cash used in operating activities (1,138,656) (1,434,007)
Cash flows from investing activities    
Loan to related parties (147,572) (808,240)
Payment for Long-term investment (668,403)
Payment for convertible notes receivable- related party (32,000)
Repayment from related parties 793,567 142,461
Net cash used in investing activities (54,408) (665,779)
Cash flows from financing activities    
Repayment of short-term loans (691,299) (58,875)
Proceeds from exercise of warrants 102,000 411,667
Proceeds from convertible notes payable 9,010
Proceeds from private offerings 319,492 1,868,750
Proceeds from common stock subscription 170,000
Due to related parties, net 153,835 (44,469)
Net cash provided by financing activities (115,972) 2,356,083
Effect of exchange rate changes on cash and cash equivalents and restricted cash 13,995 (43,786)
Net decrease in cash and cash equivalents and restricted cash (1,295,041) 212,511
Cash and cash equivalents and restricted cash    
Beginning 1,326,985 863,815
Ending 31,944 1,076,326
Cash paid during the year for:    
Interest expense paid 4,570 10,505
Income taxes paid (1,209) 1,969
Non-cash financing and investing activities    
Acquiring control of the land 7,670,000
Issuance of common stock for conversion of debt 263,847
Conversion of convertible note due from related parties to equity investment $ 563,819