v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 22,200,258 $ 28,668,169
Accounts receivable, net 68,029 44,751
Investment in convertible note 20,547,945
Inventories, net 31,361 34,415
Prepaid expenses 203,770 314,602
Other current assets 1,364 20,124
Total current assets 43,052,727 29,082,061
Non-current assets    
Property and equipment, net 3,842,885 3,937,431
Operating lease right-of-use assets 803,421 933,778
Deferred tax assets 288,315 309,247
Prepaid expenses 106,250 488,821
Total non-current assets 5,040,871 5,669,277
Total Assets 48,093,598 34,751,338
Current liabilities    
Accounts payable, other payables and accrued liabilities 412,262 688,927
Contract liabilities - deferred revenue 190,959 145,980
Due to related parties 216,598
Operating lease liabilities 218,343 242,256
Total current liabilities 821,564 1,293,761
Non-current liabilities    
Operating lease liabilities - non-current 585,078 691,522
Deferred tax liabilities 44,936 50,797
Total non-current liabilities 630,014 742,319
Total Liabilities 1,451,578 2,036,080
Commitments and contingencies (Note 15)
Stockholders’ Equity    
Preferred stock: 50,000,000 shares authorized; $0.001 par value, 20,000,000 shares of series A preferred stock designated; 10,000,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025 10,000 10,000
Common stock: 450,000,000 shares authorized; $0.001 par value, 26,943,582 and 15,268,515 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 26,944 15,269
Additional paid-in capital 52,603,507 37,389,259
Accumulated deficit (5,998,431) (4,699,270)
Total Stockholder’s Equity 46,642,020 32,715,258
Total Liabilities and Stockholder’s Equity $ 48,093,598 $ 34,751,338