v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (254,213) $ (4,444,519)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of plant and equipment 5,577 6,754
Amortization of intangible assets 10,203
Non-cash lease expense 32,292 27,535
Interest income (244,424)
Share of loss from equity investment 174,899 131,484
Loss on dilution of equity investment 129,106
Change in operating assets and liabilities    
Accounts receivable (196,968) 497,507
Deposits, prepayments and other receivables 3,822 1,861,053
Accounts payable (311,651) (297,470)
Receipt in advance 90,599 286,661
Operating lease liabilities (32,293) (27,535)
Accruals and other payables (164,799) (207,386)
Net cash used in operating activities (768,053) (2,155,713)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of plant and equipment (9,675)
Net cash used in investing activities (9,675)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of short-term bank loans (95,523)
Repayments of other borrowings (321,936)
Proceeds from the public offerings 9,176,098
Advances from related parties 526,644 256,857
Repayments to related parties (63,716)
Net cash provided by financing activities 431,121 9,047,303
Net (decrease) increase in cash and cash equivalents and restricted cash (346,607) 6,891,590
Effect of foreign currency translation on cash and cash equivalents 41,806 (265,061)
Cash and cash equivalents and restricted cash, beginning of period 1,076,048 775,246
Cash and cash equivalents and restricted cash, end of period 771,247 7,401,775
Supplemental cash flow information:    
Cash received for interest 4,325 3,006
Cash paid for interest 54,692 106,142
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of ordinary shares to acquire equity-method investment 1,875,000
Reconciliation to amounts on consolidated balance sheets:    
Cash and cash equivalents 671,287 7,401,775
Restricted cash 99,960
Total cash and cash equivalents and restricted cash $ 771,247 $ 7,401,775