v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30,973,382 $ 33,820,069
Clearing deposit 90,065 132,536
Short-term investments 12,803,368 2,243,567
Stablecoins 562,481 2,904,894
Digital assets 738,653 1,122,628
Accounts receivable 109,450 300,076
Interest receivable 204,502 38,056
Other receivables 2,212,968 2,231,491
Prepaid expenses and other current assets, net 14,833 19,807
Current assets of discontinued operations 19,195 2,366,332
Total current assets 47,728,897 45,179,456
Non-current assets:    
Operating right-of-use assets, net 829,066 989,530
Property and equipment, net 16,102 7,007
Intangible assets, net 120,000 120,000
Deferred tax assets 249,320 112,832
Security deposit 63,648 63,648
Other long-term investments 122,600 122,600
Total non-current assets 1,400,736 1,415,617
TOTAL ASSETS 49,129,633 46,595,073
Current liabilities:    
Deferred revenue 805,687 230,653
Accounts payable 271,139 149,018
Other payables 88,181 189,000
Accrued expenses and other current liabilities 222,689 459,923
Operating lease liabilities 346,192 270,497
Current liabilities of discontinued operations 457,985
Total current liabilities 1,733,888 1,757,076
Non-current liabilities:    
Lease liabilities 603,367 780,603
Deferred tax liabilities 25,200 25,200
Total non-current liabilities 628,567 805,803
TOTAL LIABILITIES 2,362,455 2,562,879
Commitments and contingencies
Shareholders’ equity:    
Ordinary shares ($0.004 par value, 1,000,000,000 shares authorized as of June 30, 2026, 79,443,800 and 72,883,130 shares issued and outstanding as of June 30, 2026 and December 31, 2025 respectively) 317,794 291,551
Subscription receivable (882,360)
Additional paid-in capital 734,260,961 728,211,983
Accumulated deficit (688,004,085) (685,546,641)
Accumulated other comprehensive income 1,074,868 1,075,301
Total shareholders’ equity 46,767,178 44,032,194
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 49,129,633 $ 46,595,073