v3.26.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 848,927 $ (1,048,793)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Amortization of operating lease right-of-use assets 924,517 1,277,452
Depreciation and amortization 557,831 392,976
Allowance for credit losses 92,051
Write off of bad debts 500,000
Loss on disposal of property and equipment 77,505
Accrued interest income from long-term debt investments (1,804,232) (359,014)
Changes in operating assets and liabilities:    
Accounts receivable (601,871) (1,387,301)
Inventories 109,452 37,621
Prepaid expenses and other current assets (3,176,240) 372,248
Long-term security deposits 14,333 269,171
Long-term prepaid expenses 33,971 44,851
Accounts payable (331,794) 277,671
Taxes payable (33,481) 124,895
Deferred revenue 887,926 403,151
Other current liabilities 63,861 255,300
Operating lease liabilities (778,305) (1,628,032)
Net cash used in operating activities (3,193,054) (390,299)
Cash flows from investing activities:    
Purchase of property and equipment (159,331) (310,368)
Interest income received from long term debt investment 503,418 359,014
Repayment from loans to third parties 1,500,000
Net cash provided by investing activities 344,087 1,548,646
Cash flows from financing activities:    
Proceeds from sales of the Equity Security Units, net of issuance costs 6,910,134
Proceeds from sales of ordinary shares, net of issuance costs 12,954,871
Proceeds from short-term bank loans 364,107 413,658
Repayments of short-term bank loans (436,928) (1,516,747)
Proceeds from long-term bank loans 4,412,355
Repayments of long-term bank loans (189,336)
Advances received from (payments made to) a related party 1,274,972 (1,640,710)
Payments made for deferred offering costs (26,250)
Net cash provided by financing activities 13,941,436 8,578,690
Effect of exchange rate fluctuation on cash and cash equivalents 268,555 252,355
Net increase in cash and cash equivalents 11,361,024 9,989,392
Cash and cash equivalents, beginning of period 8,644,357 12,102,763
Cash and cash equivalents, end of period 20,005,381 22,092,155
Supplemental cash flow information    
Cash paid for income taxes 14,995
Cash paid for interest 110,603 74,745
Non-cash operating, investing and financing activities    
Property and equipment acquired in settlement of the amount due from a related party 954,293
Reduction of right-of-use assets and operating lease obligations due to early termination or modification of lease agreement 598,907 270,532
Right of use assets obtained in exchange for operating lease liabilities 550,427 1,560,535
Deferred offering cost offset with additional paid-in capital $ 96,250