v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income/(loss) $ (2,681,330) $ 913,401 $ 368,614
Adjustments to reconcile net income/(loss) to net cash used in operating activities:      
Provision for expected credit losses 148,004 83,669 58,188
Depreciation and amortization expenses 262,655 269,346 325,518
Amortization of operating right-of-use assets 838,229 878,872 914,198
Amortization of finance right-of-use assets 28,189 26,379 24,312
Interest accretion for finance leases 3,533 4,366 4,854
(Loss)/Earnings in equity method investment 125,546 (8,873) (28,747)
(Loss)/Gain from disposal of property and other equipment 556 (66,042) 194
Deferred taxes (4,450) 14,193 43,964
Non-employee share-based compensation 2,315,089
Changes in operating assets and liabilities:      
Accounts receivable (437,998) (607,925) (69,964)
Inventories 34,190 28,179 (68,586)
Prepaid expenses and other current assets 40,985 (101,396) (190,802)
Amount due from related parties (661,058) (520,457) (241,177)
Other non-current assets (145,532) 116,737 24,284
Accounts payable (351,046) 245,591 (5,849)
Accrued expenses and other current liabilities (57,642) (358,933) (279,056)
Income tax payable (4,249) (30,314) (24,599)
Notes payable 661,845 (43,779) 756
Amount due to related parties 175,213 (177,982) 64,506
Advances from customers 108,088 (23,068) 59,336
Operating lease liabilities (926,655) (939,694) (952,516)
Net cash provided by/(used in) operating activities (527,838) (297,730) 27,428
CASH FLOWS FROM INVESTING ACTIVITIES      
Interest-free loans to related parties (3,634,884) (1,379,441) (389,120)
Collection of interest-free loans to related parties 2,117,067 623,751 470,127
Interest-free loans to third parties (1,312,952) (246,355) (225,772)
Collection of interest-free loans to third parties 1,207 4,222
Purchases of property, equipment and software (227,463) (80,669) (761,306)
Purchase of long-term investment (87,851)
Net cash used in investing activities (3,058,232) (1,081,507) (989,700)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from bank overdrafts 6,521,730 919,034 1,094,464
Repayments of bank overdrafts (6,601,510) (996,165) (748,563)
Proceeds from long-term bank loans 46,719 371,161
Repayments of long-term bank loans (73,948) (63,451) (67,531)
Proceeds from liability related to sale of future receivables 1,868,766
Repayment of liability related to sale of future receivables (817,585)
Capital injection from shareholders 604 946,261 117,329
Contribution from a non-controlling shareholder 616
Proceeds from Initial Public Offering 5,000,000
Proceeds from full exercise of over-allotment option 750,000
Install payments of finance leases (40,351) (37,760) (41,242)
Loan from third parties 63,629
Repayments of loan from third parties (36,266)
Payment for offering cost related to Initial Public Offering (1,271,093)
Deemed distribution (1,833,000)
Net cash provided by financing activities 3,514,682 767,919 789,247
Effect of exchange rate changes (57,992) 62,085 63,498
Net change in cash (129,380) (549,233) (109,527)
Cash at beginning of the year 545,472 1,094,705 1,204,232
Cash at end of the year 416,092 545,472 1,094,705
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Income tax paid 282,201 450,571 321,899
Interest expense paid 268,582 127,063 111,134
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES      
Additions of operating lease right-of-use assets in exchange of operating lease liabilities 1,551,899 107,446 174,110
Additions of finance lease right-of-use assets in exchange of finance lease liabilities $ 64,943