v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,499,603 $ 1,700,273
Trade and other receivables, less allowance for credit losses of $60,013.69 and $62,370.40 as of June 30, 2026 and December 31, 2025, respectively 244,103 392,096
Inventories, net 594,287 196,432
Prepaid income taxes 4 1,750
Other current financial assets 155,693 262,722
Other current assets 371,847 263,548
Total current assets 2,865,536 2,816,821
Equipment and vehicles, net 142,284 169,130
Operating lease right-of-use assets, net 34,584 60,425
Intangible assets, net 134,141,267 142,462,634
Goodwill 29,186,630 24,949,806
Other non-current financial assets 66,410 578,917
Deferred tax assets 186,648 200,515
Total assets 166,623,360 171,238,247
Current liabilities:    
Short-term borrowing 2,099,598 2,323,471
Short-term corporate bond 2,785,000 2,019,805
Trade and other payables 8,005,390 7,830,104
Accrued expenses 1,088,888 957,879
Operating lease liabilities-current 30,248 46,961
Other current liabilities 966,700 971,445
Income taxes payable 485,191 485,452
Derivative liabilities 2,530,176
Current portion - LT debt 272,701
Total current liabilities 15,733,716 17,165,292
Long-term debt 271,349
Operating lease liabilities- non-current 3,889 12,551
Other non-current liabilities 66,603 1,697
Deferred tax liabilities 25,638,986 27,021,305
Total liabilities 41,714,542 44,200,845
Stockholders’ equity:    
Common stock, $0.0001 par value, Authorized 100,000,000 shares; 35,118,692 shares and 26,597,769 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 3,512 2,660
Additional paid-in capital 147,292,204 110,966,975
Accumulated deficit (40,950,247) (37,169,881)
Accumulated other comprehensive income (2,077,900) 3,835,861
Non-controlling interests 20,641,249 49,401,788
Total stockholders’ equity 124,908,818 127,037,403
Total liabilities and stockholders’ equity $ 166,623,360 $ 171,238,247