v3.26.1
Related parties
6 Months Ended
Jun. 30, 2026
Related parties  
Related parties

Note 9. Related parties

 

As of June 30, 2026 and 2025, The Company has related party transactions with the following affiliates and affiliated entities:

 

Related Party Name

Relationship

Hui Luo

Majority owner of the Company

Liu Yi

Spouse of Hui Luo

Dream Legal Group, Inc

 

An entity controlled by Hui Luo

Dreamgo Inc.

 

An entity controlled by Hui Luo

 

Due from related parties

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

 

 

 

 

 

Dream Legal Group, Inc.

 

 

16,783

 

 

 

45,493

 

Total due from related parties

 

$16,783

 

 

$45,493

 

 

Due to related parties

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

 

 

 

 

 

Due to Dream Go Inc.

 

 

36,234

 

 

 

63,316

 

Total due to related parties - current

 

$36,234

 

 

$63,316

 

The following table represents related party transactions for the quarter and six months ended June 30, 2026 and 2025:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

Name

 

Business Purpose of Transaction

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Dream Legal Group, Inc

 

Sublease income

 

$12,117

 

 

$24,325

 

 

 

16,783

 

 

$49,920

 

Dreamgo Inc.

 

Rent expense

 

 

90,253

 

 

 

90,253

 

 

 

180,506

 

 

 

180,506

 

Yi Liu

 

Interest expense

 

 

 

 

 

661

 

 

 

 

 

 

 

822

 

Luo Hui

 

Interest expense

 

 

 

 

 

960

 

 

 

 

 

 

 

1,300

 

 

Sublease income has been reflected as a reduction of general and administrative expenses in the accompanying consolidated statements of operations.

 

As of June 30, 2026 and December 31, 2025, the Company has the following ROU assets and operating lease liabilities recognized from related party under ASC 842 (Note 4):

 

 

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Dreamgo Inc.

 

ROU assets

 

$

1,090,638

 

 

$

1,246,766

 

Dreamgo Inc.

 

Short term obligation under operating leases

 

$

(339,760

)

 

$

(195,353

)

Dreamgo Inc.

 

Long term obligation under operating leases

 

$

(873,653

)

 

$

(1,046,141

)