v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 2,462,230 $ (1,013,590)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 695,598 71,797
Amortization of right-of-use assets 31,004 19,746
Non-cash interest expense 5,425
Stock-based compensation 309,732
Deferred taxes (26,371)
Allowance for credit losses - other receivables 71,702
Amortization of deferred financing costs 150,000
Changes in operating assets and liabilities:    
Accounts receivable (5,031,796)
Other receivables 1,145,991 (519,822)
Prepaid expenses and other current assets 39,807 (44,985)
Other assets 8,004 (77,419)
Accounts payable 669,708 (143,414)
Contract liabilities (1,165,942) 1,468,346
Income tax payable 409,870
Accrued expenses and other current liabilities 351,191 426,052
Operating lease liabilities (30,350) (20,181)
Net cash provided by operating activities 90,378 171,955
Cash flows from investing activities:    
Cash acquired in acquisition of Yinlian Culture and its consolidated VIE 876,595
Purchase of property, equipment and software (510,164)
Net cash provided by investing activities 366,431
Cash flows from financing activities:    
Proceeds from the issuance of common stock 1,999,993 4,000,000
Proceeds from the issuance of convertible note 300,000
Payment of deferred financing costs (82,600)
Net cash provided by financing activities 1,917,393 4,300,000
Effect of foreign exchange rate changes on cash (22,954) 1,962
Net increase in cash 2,351,248 4,473,917
Cash - beginning 3,084,461 30,162
Cash - ending 5,435,709 4,504,079
Cash paid during the period for:    
Interest
Income taxes 271,717
Supplemental disclosures of non-cash activities:    
Non-cash common stock issued and to be issued that was recognized in deferred offering costs 150,000
Obtaining right-of-use assets in exchange for operating lease liability 79,580
Purchase of property, equipment, and intangible assets through increase in other payables 1,490,000
Addition to property, equipment and software through reclassification of prior year prepayment 44,613
Non-cash settlement of accounts receivable through customers’ payments made directly to prepaid expenses, accounts payable, and other payables. $ 898,146