v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 1,657,144 $ 1,798,141
Accounts receivable, net 7,996,598 7,965,701
Inventories 3,270,002 2,601,327
Advances to suppliers 482,421 1,358,857
Prepaid expenses and other current assets, net 1,657,243 1,440,467
Total current assets 16,207,581 16,654,223
Non-current assets:    
Property and equipment, net 194,461 265,182
Operating lease right-of-use assets, net 326,436 500,073
Other non-current assets, net 281,711 115,064
Total non-current assets 802,608 880,319
TOTAL ASSETS 17,010,189 17,534,542
Current liabilities    
Accounts payable 3,391,178 1,684,166
Short-term borrowings 3,676,601
Current portion of long-term borrowings 17,748
Advances from customers 284,256 103,609
Accrued expenses and other current liabilities 3,679,114 3,775,790
Operating lease liabilities, current 249,602 305,801
Optional Early Termination (“OET”) derivative liability 196,184
Total current liabilities 17,459,516 19,001,271
Non-current liabilities    
Operating lease liabilities, non-current 22,981 158,926
Total non-current liabilities 43,371,028 43,952,056
TOTAL LIABILITIES 60,830,544 62,953,327
Deficit    
Prepaid forward repurchase receivable (30,308,158)
Additional paid-in capital 17,651,579 17,651,579
Accumulated deficit (32,456,886) (32,926,445)
Accumulated other comprehensive income 1,289,446 160,575
Total shareholders’ deficit attributable to Polibeli Group Ltd (43,820,355) (45,418,785)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 17,010,189 17,534,542
Class A Ordinary Shares    
Deficit    
Ordinary shares value 3,191 3,191
Class B Ordinary Shares    
Deficit    
Ordinary shares value 473 473
Related Parties    
Current assets:    
Amount due from related parties (including accounts receivable from related parties of US$1,040,901 and US$691,775 as of December 31, 2025 and June 30, 2026, respectively) 1,144,173 1,489,730
Current liabilities    
Amount due to related parties, current 5,982,581 4,064,273
Non-current liabilities    
Amount due to related parties, non-current $ 43,348,047 $ 43,793,130