v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (1,299,161) $ (23,049)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 127,586 102,797
Unpaid director’s remuneration 60,000
Stock-based compensation 1,536,000
Interest income from convertible note (547,945)
Gain on disposal of club memberships (2,502)
Changes in operating assets and liabilities:    
Accounts receivable (23,278) (3,203)
Prepaid expenses 495,905 (490,560)
Other current assets 18,760 (19,486)
Inventories 3,054 18,012
Deferred tax assets 20,932 95,059
Accounts payable, other payables and accrued liabilities (276,665) (64,846)
Contract liabilities - deferred revenue 44,979 (7,840)
Deferred tax liabilities (5,861) (4,248)
Net Cash Provided by (Used in) Operating Activities 91,804 (337,364)
Cash Flows from Investing Activities:    
Receipt of short-term investment 6,778
Investment in convertible note (20,000,000)
Purchase of property and equipment (33,040) (330,816)
Advances for property (124,702)
Net Cash Used in Investing Activities (20,033,040) (448,740)
Cash Flows from Financing Activities:    
Proceeds from issue of common stocks and pre-funded warrants 8,073,933 10,654,093
Proceeds from exercise of pre-funded warrants, common A warrants and placing agent warrants 5,615,990
Proceeds from related party loan 30,946 55,485
Repayments to related party loan (247,544) (2,391,645)
Repayments of bank and other borrowings (192,378)
Deferred offering costs (171,180)
Net Cash Provided by (Used in) Financing Activities 13,473,325 7,954,375
Net change in cash and cash equivalents (6,467,911) 7,168,271
Cash and cash equivalents, beginning of period 28,668,169 457,142
Cash and cash equivalents, end of period 22,200,258 7,625,413
Supplemental cash flow information:    
Cash paid for interest 4,491
Cash paid for taxes
Supplemental non-cash financing activity:    
Prepaid offering costs net off with additional paid-in capital 582,679
Stock-based compensation by issuance of restricted shares 1,536,000
Initial recognition of lease obligations related to right-of-use assets $ 18,076