SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT USEFUL LIFE |
Property
and equipment are stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets, as follows:
SCHEDULE
OF PROPERTY, PLANT AND EQUIPMENT USEFUL LIFE
| Category | |
Estimated
Useful Life | |
Estimated
Residual | |
| Machinery
and equipment | |
6
years | |
| 10 | % |
| Electronics
and office equipment | |
5
years | |
| 5 | % |
|
| SCHEDULE OF COMPANY’S REVENUES FROM CONTINUING OPERATIONS BY GEOGRAPHIC AREA |
SCHEDULE
OF COMPANY’S REVENUES FROM CONTINUING OPERATIONS BY GEOGRAPHIC AREA
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For
the three months ended
June
30, | | |
For
the six months ended June
30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Geographic
area | |
| | | |
| | | |
| | | |
| | |
| United
States | |
| 404,873 | | |
| 182,504 | | |
| 801,886 | | |
| 207,569 | |
| Hong
Kong | |
| 58,333 | | |
| 51,000 | | |
| 168,866 | | |
| 51,000 | |
| Total
revenues | |
$ | 463,206 | | |
$ | 233,504 | | |
$ | 970,752 | | |
$ | 258,569 | |
|
| SCHEDULE OF COMPANY’S LONG-LIVED ASSETS BY GEOGRAPHIC AREA |
SCHEDULE
OF COMPANY’S LONG-LIVED ASSETS BY GEOGRAPHIC AREA
| | |
June
30, 2026 | | |
December
31, 2025 | |
| Geographic
area | |
| US$ | | |
| US$ | |
| United
States | |
| 845,168 | | |
| 996,537 | |
| Total
long-lived assets | |
| 845,168 | | |
| 996,537 | |
|
| SCHEDULE OF STABLECOINS AND DIGITAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS BY FAIR VALUE HIERARCHY LEVEL |
The
following table presents the Company’s stablecoins and digital assets measured at fair value on a recurring basis by fair value
hierarchy level as of June 30, 2026:
SCHEDULE OF STABLECOINS AND DIGITAL ASSETS MEASURED
AT FAIR VALUE ON A RECURRING BASIS BY FAIR VALUE HIERARCHY LEVEL
| | |
Fair
Value | | |
Level
1 | | |
Level
2 | | |
Level
3 | |
| Description | |
| US$ | | |
| US$ | | |
| US$ | | |
| US$ | |
| Stablecoins
– USDC | |
| 309,445 | | |
| 309,445 | | |
| — | | |
| — | |
| Stablecoins
– USDT | |
| 253,036 | | |
| 253,036 | | |
| — | | |
| — | |
| Digital
assets – Bitcoin | |
| 593,126 | | |
| 593,126 | | |
| — | | |
| — | |
| Digital
assets – Solana | |
| 75,460 | | |
| 75,460 | | |
| — | | |
| — | |
| Digital
assets – Filecoin, continuing operations | |
| 70,067 | | |
| 70,067 | | |
| — | | |
| — | |
| Total
stablecoins and digital assets of continuing operations | |
$ | 1,301,134 | | |
$ | 1,301,134 | | |
$ | — | | |
$ | — | |
| Digital
assets – Filecoin, classified as current assets of discontinued operations | |
| 19,195 | | |
| 19,195 | | |
| — | | |
| — | |
| Total
stablecoins and digital assets measured at fair value on a recurring basis | |
$ | 1,320,329 | | |
$ | 1,320,329 | | |
$ | — | | |
$ | — | |
|
| Single Reportable Segment [Member] |
|
| SCHEDULE OF SEGMENT REPORTING |
The
following table presents information regularly provided to the CODM and included in the measure of segment profit or loss reviewed by
the CODM for the three and six months ended June 30, 2026 and 2025:
SCHEDULE
OF SEGMENT REPORTING
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For
the three months ended
June
30, | | |
For
the six months ended June
30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Revenues | |
| 463,206 | | |
| 233,504 | | |
| 970,752 | | |
| 258,569 | |
| Significant
segment expenses: | |
| | | |
| | | |
| | | |
| | |
| Cost
of revenue | |
| (240,651 | ) | |
| (93,139 | ) | |
| (530,172 | ) | |
| (160,551 | ) |
| Sales
and marketing | |
| (12,918 | ) | |
| (29,065 | ) | |
| (34,066 | ) | |
| (58,131 | ) |
| General
and administrative | |
| (1,482,328 | ) | |
| (984,740 | ) | |
| (2,626,440 | ) | |
| (1,698,162 | ) |
| Research
and development | |
| (83,542 | ) | |
| — | | |
| (167,084 | ) | |
| — | |
| Provision
for doubtful accounts | |
| (41,853 | ) | |
| — | | |
| (40,795 | ) | |
| — | |
| Non-operating
income/(expenses) and gain/(losses) | |
| 245,575 | | |
| 33,234 | | |
| 155,932 | | |
| 18,997 | |
| Income
tax benefits | |
| 103,779 | | |
| 58,786 | | |
| 136,488 | | |
| 154,096 | |
| Loss
from continuing operations | |
$ | (1,048,732 | ) | |
$ | (781,420 | ) | |
$ | (2,135,385 | ) | |
$ | (1,485,182 | ) |
|