v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 4,637,858 $ 5,787,993
Accounts receivable, net 4,979,678 5,327,037
Inventories, net 23,641,134 26,007,553
Advance to suppliers 193,384 193,403
Prepaid and other current assets 3,804,393 2,531,257
Total current assets 37,256,447 39,847,243
NON-CURRENT ASSETS    
Property and equipment at cost, net 985,056 456,078
Right of use operating lease assets, net 6,341,211 7,388,313
Right of use financing lease assets, net 14,020 30,513
Intangible assets 403,746
Crypto Assets 385,297 573,333
Other non-current assets 49,500 49,500
Deferred tax assets 3,288,449 3,087,831
Total non-current assets 11,467,279 11,585,568
TOTAL ASSETS 48,723,726 51,432,811
CURRENT LIABILITIES    
Accounts payable 5,367,763 7,726,558
Other payable, accrued expenses and other current liabilities 6,129,138 6,233,684
Return liabilities 6,334 12,166
Warranty liabilities 143,969 152,795
Contract liabilities 760,927 609,171
Current portion of obligations under operating leases 1,873,120 1,956,045
Current portion of obligations under financing leases 10,253 23,927
Income tax payable 3,851,421 3,539,447
Due to a shareholder 2,000,089 2,000,089
Total current liabilities 20,143,014 22,253,882
NON-CURRENT LIABILITIES    
Obligations under operating leases, non-current 4,500,259 5,456,648
Obligations under financing leases, non-current 5,635 9,676
Total non-current liabilities 4,505,894 5,466,324
TOTAL LIABILITIES 24,648,908 27,720,206
Commitments and Contingencies
EQUITY    
Common shares, $0.001 par value, 100,000,000 shares authorized, 41,640,950 shares issued and outstanding as of June 30, 2026 and December 31, 2025 41,640 41,640
Additional paid-in-capital 7,031,151 7,113,750
Retained earnings 17,002,027 16,557,215
Total equity 24,074,818 23,712,605
TOTAL LIABILITIES AND EQUITY $ 48,723,726 $ 51,432,811