v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 2,751,381 $ 3,695,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment 220,507 112,153
Depreciation of right-of-use assets 91,334 49,854
Amortization of shares issued for services 2,045,000
Amortization of land use right 68,701 65,013
Amortization of intangible asset 4,177 2,425
Changes in operating assets and liabilities:    
Accounts receivable (709) 850
Inventories (1,040,401) (445,319)
Prepayments and other current assets (1,047,762) 99,502
Deferred tax assets (51)
Accounts payable 1,769,444 (9,650)
Accrued expenses and other current liabilities (58,168) (116,509)
Advances from customers (15,462,898) (5,182,596)
Other payables (40,148) 7,118
Income tax payable 188,038 249,145
Operating lease liability, current portion 3,702
Operating lease liability, non-current portion (123,118)
Net cash provided by (used in) operating activities (10,630,971) (1,472,289)
Cash flows from investing activities:    
Purchase of property and equipment (1,568) (267,703)
Purchase of intangible asset (5,089) (42,231)
Purchase of other investment (137,834)
Net cash used in investing activities (6,657) (447,768)
Cash flows from financing activities:    
Business Combination Financing 116,000
Net cash provided by (used in) financing activities 116,000
Effect of exchange rates on cash and cash equivalents 825,097 708,526
Net change in cash and cash equivalents (9,696,532) (1,211,531)
Cash and cash equivalents, beginning of period 33,013,749 41,432,852
Cash and cash equivalents, end of period 23,317,217 40,221,321
Supplemental Cash Flow Information:    
Cash paid for income taxes 2,345,133 1,127,135
Cash paid for interest