v3.26.3
Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 2,712,933 $ 957,285
Accounts receivable, net 32,745,976 26,634,057
Inventories, net 17,195,077 7,230,581
Advances to suppliers 1,351,811 1,914,972
Loan receivable 1,860,000 2,000,000
Other receivables and current assets 1,102,301 216,042
Total Current Assets 56,968,098 38,952,937
Non-Current Assets    
Property, plant and equipment, net 10,167,824 10,284,569
Deferred tax assets 109,826
Other non-current assets 200,000 690,135
Operating lease right-of-use assets, net 5,810,975 6,007,527
Total Non-Current Assets 16,178,799 17,092,057
Total Assets 73,146,897 56,044,994
Current Liabilities    
Accounts payable 4,212,075 1,712,220
Taxes payable 8,577,445 7,390,025
Operating lease liabilities – current 641,564
Other payables and accrued expenses 427,038 579,744
Total Current Liabilities 13,419,529 10,908,746
Non-Current Liabilities    
Deferred tax liabilities 6,540
Operating lease liabilities – non-current 3,042,152 3,301,395
Other non-current liabilities 5,984 13,727
Total Non-Current Liabilities 3,054,676 3,315,122
Total Liabilities 16,474,205 14,223,868
Commitments and Contingencies (Note 14)
Shareholders’ Equity    
Shares subscription receivable (5,200) (5,200)
Additional paid-in capital 22,045,669 10,220,329
Retained earnings 38,159,356 33,666,679
Accumulated other comprehensive loss (3,532,736) (2,066,112)
Total Shareholders’ Equity 56,672,692 41,821,126
Total Liabilities and Shareholders’ Equity 73,146,897 56,044,994
Class A Ordinary Shares    
Shareholders’ Equity    
Ordinary Shares, shares value 4,583 4,410
Class B Ordinary Shares    
Shareholders’ Equity    
Ordinary Shares, shares value 1,020 1,020
Related Party    
Current Liabilities    
Due to related parties $ 202,971 $ 585,193