v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 333,799 $ 15,751
Accounts receivable, net 240,052 134,330
Inventories, net 472,803 599,264
Advances to suppliers, net 46,052 37,619
Other receivables, net 1,502,989 1,038
Prepaid expenses 21 21
Assets of discontinued operations 7,080,393
Total current assets 2,595,716 7,874,801
Non-current assets    
Plant and equipment, net 2,676,586 2,719,417
Intangible assets, net 696,381 709,243
Construction in progress, net 23,909
Right-of-use lease assets, net 64,968
Goodwill 7,220 7,005
Total non-current assets 3,445,155 3,459,574
Total assets 6,040,871 11,334,375
Current liabilities    
Short-term bank loans 6,952 72,284
Current portion of long-term bank loans 71,499
Accounts payable 2,908,369 1,522,127
Advance from customers 147,917 150,927
Taxes payable 519,140 135,911
Other payables and accrued liabilities 1,666,087 1,814,578
Operating lease liability, current 35,839
Liabilities of discontinued operations 6,788,268
Total current liabilities 8,718,335 13,504,418
Operating lease liability, noncurrent 27,583
Total non-current liabilities 27,583
Total liabilities 8,745,918 13,504,418
Commitments and contingencies
Stockholders’ deficit    
Preferred stock: $0.001 par value, 100,000,000 shares authorized; none issued or outstanding as of March 31, 2026 and December 31, 2025
Common stock: $0.001 par value, 1,500,000,000 shares authorized; 14,232,714 shares issued and outstanding as of March 31, 2026 and December 31, 2025 14,233 14,233
Additional paid-in capital 170,190,324 170,190,324
Accumulated deficit (175,623,596) (175,029,363)
Accumulated other comprehensive income 2,770,132 2,658,143
Non-controlling interests (56,140) (3,380)
Total stockholders’ deficit (2,705,047) (2,170,043)
Total liabilities and stockholders’ deficit 6,040,871 11,334,375
Related Party    
Current assets    
Other receivables-related parties 6,385
Current liabilities    
Other payables-related parties $ 3,434,031 $ 2,948,824