v3.26.3
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (6,782,691) $ (2,037,496)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation of property and equipment 7,212 6,498
Financial expenses 4,858 5,358
Share-based payment 3,301,143 586,233
Amortization of intangible assets 140,837
Amortization of right-of-use assets 5,656
Provision for current expected credit losses 440,985 65,329
Impairment of intangible assets 718,258
Impairment of Goodwill 977,841
Deferred income tax
Changes in operating assets and liabilities:    
Accounts receivable (613,712) 108,845
Inventories 8,549 (6,871)
Prepayments and other current assets (333,726) (909,336)
Other non-current assets 576,736 (600,000)
Due to a related party 282,129 2,953
Accounts payable (51,029)
Accrued expenses and other current liabilities (17,986) (52,434)
Contract liabilities 615,312
Operating lease liabilities, current and non-current (9,469)
Net cash used in operating activities (729,098) (2,830,921)
Cash flows from investing activities:    
Purchase of short-term investments (1,400,000)
Advance for business combinations (20,000,000)
Purchase of property and equipment (2,405) (2,738)
Net cash used in investing activities (20,002,405) (1,402,738)
Cash flows from financing activities:    
Proceeds from issuance of equity securities 20,000,000
Advance to a related party 22,829 689
Proceeds from bank loans 137,882
Repayment to bank loans (249,566)
Cash paid for interest expenses (4,858) (5,358)
Net cash (used in) provided by financing activities 20,017,971 (116,353)
Effects of exchange rate changes on cash and cash equivalents 2,770 (657)
Net decrease in cash and cash equivalents (710,762) (4,350,669)
Cash, cash equivalents and restricted cash at beginning of the period 1,490,129 6,159,823
Cash, cash equivalents and restricted cash at end of the period 779,367 1,809,154
Cash and cash equivalents at end of the period 779,367 1,809,154
Restricted cash at end of the period
Total cash, cash equivalents and restricted cash at end of the period 779,367 1,809,154
Supplemental cash flow information:    
Cash paid for interest expense 4,858 5,358
Cash paid for income taxes