v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 304,874 $ 345,112
Bankers acceptances 1,825
Trade accounts receivable, less allowance for credit losses of $14,228 and $13,023 181,621 241,412
Other receivables, less allowance for credit losses of $35,083 and $32,153, respectively 66,627 49,261
Advances to suppliers 2,283 6,831
Inventories 1,362,423 1,621,423
Prepaid expenses 86,965 82,368
Total Current Assets 2,006,618 2,346,407
Property, plant and equipment, net 4,219,763 4,391,964
Right-of-use assets 146,181 181,828
Intangible assets, net 38,337,341 24,079,265
TOTAL ASSETS 44,709,903 30,999,464
Current Liabilities:    
Trade accounts payable 734,042 891,083
Accrued expenses 500,160 350,643
Other payables 2,616,289 2,563,067
Contract liabilities 153,642 111,580
Borrowings from related parties 1,644,857 1,435,136
Lease liabilities 73,069 71,628
Current portion of lines of credit 1,959,543 1,977,222
Total Current Liabilities 7,681,602 7,400,359
Non-current Liabilities:    
Lease liabilities, net of current portion 75,291 111,548
Deferred tax liability 771,730 747,805
Total Liabilities 8,528,623 8,259,712
Commitments and Contingencies (Note 14)
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 500,000,000 shares authorized; 40,522,002 shares issued and outstanding as of June 30, 2026 and 5,522,002 shares issued and outstanding as of December 31, 2025 40,522 15,522
Additional paid-in capital 73,504,819 58,535,819
Securities purchase agreement receivable (180,000) (180,000)
Accumulated deficit (49,815,506) (47,214,235)
Accumulated other comprehensive income 12,631,445 11,582,646
Total Stockholders’ Equity 36,181,280 22,739,752
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 44,709,903 $ 30,999,464