v3.26.1
Unaudited Interim Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 6,507,161 $ 8,185,502
Security deposits - Current 4,002 8,089
Prepaid expenses and other current assets 242,855 169,716
Total current assets 6,754,018 8,363,307
NON-CURRENT ASSETS:    
Security deposits - Non-current 109,573 135,781
Property and equipment, net 6,452 2,506
Notes receivable 9,409,560 9,409,560
Operating lease Right-of-use assets 367,572 507,251
Total non-current assets 9,893,157 10,055,098
Total assets 16,647,175 18,418,405
CURRENT LIABILITIES:    
Salary payable 118,098 194,100
Advance from customer 100,000 100,000
Accrued liabilities and other payables 96,954 84,399
Operating lease liabilities - Current 284,051 290,703
Total current liabilities 599,103 669,202
NON-CURRENT LIABILITIES:    
Operating lease liabilities - Non-current 35,327 180,046
Convertible promissory notes 3,050,008 3,050,000
Total non-current liabilities 3,085,335 3,230,046
Total liabilities 3,684,438 3,899,248
SHAREHOLDERS’ EQUITY:    
Common shares ($0.08 par value; 625,000,000 shares authorized; 99,587,811 shares issued and outstanding at June 30, 2026, and December 31, 2025) 7,967,024 7,967,024
Additional paid-in capital 130,728,219 130,728,219
Accumulated deficit (125,571,521) (123,994,872)
Accumulated other comprehensive loss (160,985) (181,214)
Total shareholders’ equity 12,962,737 14,519,157
Total liabilities and shareholders’ equity $ 16,647,175 $ 18,418,405