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 $ (3,204,956) $ (855,502)
Net income from discontinued operations 27,939,676
Net loss from continuing operations (3,204,956) (28,795,178)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 37,172 50,971
Amortization of debt issuance costs 35,100
Amortization 66,861 14,259
Allowance for (Net recovery of) credit losses/doubtful accounts (138,456) 28,254,490
Share-based payments 1,387,500 1,085,000
Gain on debt restructuring (3,071,827)
Interest expenses related to convertible note 87,549 13,651
Changes in operating assets and liabilities:    
Accounts receivable (81,295) 445,361
Other receivables 403,023 (27,951,895)
Advances to suppliers and other current assets 149,975 34,083
Operating lease assets and liabilities (12,252) (736)
Accounts payable (958,806) 2,282,066
Accrued expenses and other payables (807,276) 8,097,469
Advances from customers (38,562) (13,703)
Other non-current liabilities (139,990) 1,088,809
Net cash used in operating activities from continuing operations (3,214,413) (18,467,180)
Net cash provided by operating activities from discontinued operations 19,037,420
Cash flows from investing activities:    
Debt investment 236,638
Payment for short term Investments (29,014)
Redemption of short-term investments 30,465
Repayment of loan receivable 139,199
Net cash provided by investing activities from continuing operations 1,451 375,837
Net cash provided by investing activities from discontinued operations
Cash flows from financing activities:    
Proceeds from convertible notes payable 2,000,000
Payment made for amounts due from a related party (1,688) (4,322)
Repayment of amounts due to a related party (96,626) (8,871)
Net cash provided by (used in) financing activities from continuing operations 1,901,686 (13,193)
Net cash provided by financing activities from discontinued operations
Effect of exchange rate changes on cash, cash equivalents and restricted cash 451,179 88,297
Net increase (decrease) in cash, cash equivalents and restricted cash (860,097) 1,021,181
Cash, cash equivalents and restricted cash at beginning of period 5,077,164 4,765,111
Cash, cash equivalents and restricted cash at end of period 4,217,067 5,786,292
Less: cash, cash equivalents and restricted cash from the discontinued operations, end of period
Cash, cash equivalents and restricted cash, from the continuing operations end of period 4,217,067 5,786,292
Noncash activity    
Issuance of common stocks for conversion of debts $ 825,000