v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash flows from operating activities:    
Net loss $ (545,220) $ (1,266,437)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 16,507 19,764
Loss on disposal of Edward 297,610  
Amortization of operating lease right-of-use assets 254,432 161,875
Amortization of intangible assets 38,511 56,144
Share-based compensation expenses 28,364 26,629
Changes in operating assets and liabilities:    
Accounts receivable 109,768 28,326
Other receivables 196,604 (472,883)
Due to a related party 4,509  
Prepaid expenses and other current assets (611,041) 219,713
Accounts payable (104,760)  
Other payables and other current liabilities (301,003) 37,797
Operating lease liabilities (250,041) (17,761)
Cash used in operating activities-continuing operations (865,760) (1,206,833)
Cash provided by operating activities-discontinued operations 0 2,540,501
Net cash provided by operating activities (865,760) 1,333,668
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (4,974,529)  
Cash used in disposal of Edward (3,844)  
Investment (41,110,573)  
Loans made to third parties (26,490,000) (3,445,150)
Loans repayment received from third parties 3,968,598 784,000
Cash used in investing activities-continuing operations (68,610,348) (2,661,150)
Net cash used in investing activities (68,610,348) (2,661,150)
Cash flows from financing activities:    
Proceeds from PIPE 40,140,000  
Repayments of premium finance (82,650) (120,461)
Repayments of long-term borrowings (18,706) (17,833)
Cash (used in) provided by financing activities-continuing operations 71,386,496 (138,294)
Net cash (used in) provided by financing activities 71,386,496 (138,294)
Net (decrease) increase in cash 1,910,387 (1,465,776)
Cash, beginning of period 233,217 1,650,962
Cash, end of period 2,143,604 185,186
Cash of continuing operations 2,143,604 185,186
Supplemental cash flow information    
Cash paid for income taxes 2,155 2,155
Cash paid for interests 14,499 $ 16,410
ATM offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock 30,947,851  
Stock subscription    
Cash flows from financing activities:    
Proceeds from issuance of common stock $ 400,000