v3.26.3
Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities:    
Net loss $ (3,319,136) $ (7,686,900)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 198,957 302,950
Depreciation of leasehold improvements and equipment and right of use assets 509,809 450,929
Provision for expected credit loss on note receivable 4,015,847
Provision for expected credit loss on prepaid expenses and other assets 650,000
Issuance of ordinary shares through Equity Incentive Plan 893,471
Changes in operating assets and liabilities:    
Inventories 71,357
Accounts receivable 18,448 550,459
Prepaid expenses and other assets (2,874,576) (474,977)
Operating lease liability (481,321) (322,827)
Accounts payable 1,166,612 (598,977)
Deferred revenue 1,195,445 705,262
Other current liabilities 110,735 126,772
Amount due from/to related parties (24,906) (8,652)
Net Cash used in Operating Activities (2,606,462) (2,218,757)
Cash Flows From Investing Activities:    
Purchase of leasehold improvements and equipment (109,623) (5,526)
Receipt from the collection of a promissory note 704,401
Net Cash provided by / (used in) Investing Activities 594,778 (5,526)
Cash Flows From Financing Activities:    
Proceeds from private placements 1,117,000
Repayment of loan payables (71,055) (344,053)
Net Cash provided by / (used in) Financing Activities 1,045,945 (344,053)
Effect of Exchange Rate Changes on Cash 346,653 (668,618)
Net changes in cash (619,086) (3,236,954)
Cash at beginning of the period 3,056,043 4,148,279
Cash at end of the period 2,436,957 911,325
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 52,559 380,715
Cash paid for taxes
Supplemental Disclosure of Non-Cash Financing Information:    
Issuance of ordinary shares upon conversion of convertible notes payable 447,912 678,312
Issuance of ordinary shares in settlement of debts 688,406
Issuance of ordinary shares under the Equity Incentive Plan 893,471
Issuance of commitment shares under equity line of credit $ 191,800