v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 1,921,601 $ 2,396,619
Restricted cash 2,295,466 2,680,545
Short - term investments 1,423
Accounts receivable, net 686,531 605,236
Other receivables, net 10,773,087 10,880,977
Contract assets 1,436 1,436
Investment funds 31,386,307 30,413,300
Advances to suppliers and other current assets, net 3,630,921 3,780,896
TOTAL CURRENT ASSETS 50,697,037 50,760,432
NON-CURRENT ASSETS    
Property and equipment, net 116,854 149,904
Right of use assets - operating lease, net 143,860 203,828
Intangible assets, net 407,712 475,466
Debt investment 734,117 711,359
Long-term receivable, net 841,849 986,345
TOTAL NON-CURRENT ASSETS 2,244,392 2,526,902
TOTAL ASSETS 52,941,429 53,287,334
CURRENT LIABILITIES    
Accounts payable 2,302,979 3,261,785
Accrued expenses and other payables 1,411,982 2,219,258
Advances from customers 184,910 223,472
Convertible notes payable 3,031,693 1,734,044
Lease liability - current 127,545 174,423
TOTAL CURRENT LIABILITIES 7,559,407 8,209,906
NON-CURRENT LIABILITIES    
Other non-current liabilities 948,819 1,088,809
Lease liability-non-current 5,587 30,929
TOTAL NON-CURRENT LIABILITIES 954,406 1,119,738
TOTAL LIABILITIES 8,513,813 9,329,644
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 37,500,000 shares authorized; 1,868,177 shares and 1,262,082 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively [1] 1,869 1,262
Additional paid-in capital 273,260,564 271,048,671
Statutory reserve 98,357 98,357
Accumulated deficits (226,710,555) (223,505,599)
Accumulated other comprehensive loss (2,222,619) (3,685,001)
TOTAL STOCKHOLDERS’ EQUITY 44,427,616 43,957,690
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 52,941,429 53,287,334
Related Party    
CURRENT ASSETS    
Amount due from a related party 1,688
CURRENT LIABILITIES    
Amounts due to a related party $ 500,298 $ 596,924
[1] All shares and per share data have been retroactively restated to reflect the reverse stock splits effected on April 1, 2025, January 8, 2026 and July 10, 2026.