v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
Jun. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Current assets:    
Cash and equivalents $ 311,711 $ 233,825
Accounts receivable, net 2,138,215 1,933,221
Amounts due from related parties 112,880 24,098
Inventories 1,074,588 1,946,203
Prepayments and other current assets 5,821,274 3,383,422
Total current assets 9,458,668 7,520,769
Non-current assets:    
Equipment and leasehold improvement 330,846 312,229
Operating lease right-of-use, net 307,367 291,444
Intangible assets, patents 3,301,693 3,485,120
Goodwill 6,278,366 6,278,366
Accounts receivable, non-current portion 1,140,366 1,185,097
Deferred tax asset 93,054 117,177
Total non-current assets 11,451,692 11,669,433
Total assets: 20,910,360 19,190,202
Current liabilities:    
Accounts payable 1,089,202 1,483,093
Accounts payable, related parties 67,535 63,113
Accrued payroll, related parties 70,331 59,498
Amounts due to related parties 4,581
Contract liabilities 1,546,652 164,336
Notes payable 1,722,967 551,822
Notes payable, related parties 199,564 192,464
Operating lease liabilities, current portion 106,582 99,298
Short-term borrowings 3,448,733 2,499,607
Accrued expenses and other current liabilities 373,490 1,254,422
Total current liabilities 8,625,056 6,372,234
Non-current liabilities:    
Operating lease liabilities, net of current portion 206,330 194,720
Deferred tax liabilities 521,455 548,190
Total non-current liabilities 727,785 742,910
Total liabilities: 9,352,841 7,115,144
Mezzanine equity: Redeemable non-controlling interest 783,324 738,303
Stockholders’ equity:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; 19,725 and 18,295 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 20 18
Common stock, $0.001 par value, 500,000,000 shares authorized; 17,092,694 and 31,377,368 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 17,093 31,377
Contingent consideration 1,652,910 1,652,910
Additional paid in capital 11,044,456 10,442,707
Accumulated deficit (3,033,176) (1,601,791)
Accumulated other comprehensive gain 195,093 76,892
SecureTech shareholders 9,876,396 10,602,113
Non-controlling interests 897,799 734,642
Total stockholders’ equity 10,774,195 11,336,755
Total liabilities, mezzanine equity, and stockholders’ equity $ 20,910,360 $ 19,190,202