v3.26.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash $ 3,577,685 $ 4,428,602
Restricted cash 300,296
Short-term investment 55,961
Note receivable 86,149
Accounts receivable, net 10,935,867 9,249,042
Accounts receivable – a related party 75,862 516,290
Inventories 651,413 1,103,685
Advance to vendors 1,022,219 1,215,220
Prepayments and other assets, net 410,785 295,738
TOTAL CURRENT ASSETS 16,729,792 17,197,314
Property, plant and equipment, net 3,996,244 4,277,525
Intangible assets, net 23,918 45,115
Deferred tax assets 1,094,343 684,847
Right-of-use assets, net 563,209 159,685
TOTAL ASSETS 22,407,506 22,364,486
CURRENT LIABILITIES:    
Short term bank loans 2,577,707 3,359,025
Long-term bank loan - current 109,786 230,397
Loan payable from third-party 500,000 500,000
Accounts payable 4,442,717 5,390,732
Advance from customers 2,555,789 1,698,526
Accrued expenses and other liabilities 793,315 801,422
Taxes payable 1,167,758 884,694
Operating lease liabilities – current 205,792 142,076
TOTAL CURRENT LIABILITIES 12,756,181 13,006,872
Long term bank loans 1,811,476 1,919,974
Operating lease liabilities – non-current 361,763 22,582
TOTAL LIABILITIES 14,929,420 14,949,428
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ EQUITY:    
Ordinary shares, $0.0000025 par value, 20,000,000,000 shares authorized, 26,785,848 and 24,103,749 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 66 60
Share to be issued 1
Additional paid-in capital 39,922,538 23,050,345
Statutory reserves 343,077 343,077
Accumulated deficit (31,969,471) (15,317,791)
Accumulated other comprehensive loss (818,125) (660,633)
TOTAL SHAREHOLDERS’ EQUITY 7,478,086 7,415,058
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 22,407,506 22,364,486
Related Party    
CURRENT ASSETS:    
Due from related parties 2,292
CURRENT LIABILITIES:    
Due to a related party $ 403,317