v3.26.3
Unaudited Interim Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,360,903 $ 2,300,759
Accounts receivable 1,647,011 1,552,525
Inventories 431,169 558,174
Other receivables, deposits and prepayments 5,183,807 565,160
Prepaid taxes 63,036 160,592
Total current assets 8,685,926 5,137,210
Non-current assets    
Property and equipment, net 1,189,942 1,244,631
Land use right 333,694 339,855
Right of use assets – operating lease 97,697 71,495
Deferred tax assets 37,783 46,124
Investment in equity investees 4,550,000 4,550,000
Total non-current assets 6,209,116 6,252,105
Total assets 14,895,042 11,389,315
Current liabilities    
Accounts payable 623,861 891,406
Deferred revenue 770,263 449,578
Accrued expenses and other payables 174,446 518,095
Amount due to related parties 41,327 66,064
Operating lease liabilities - current 58,070 36,524
Finance lease liabilities - current 57,702 59,172
Borrowings - current 15,828 28,909
Total current liabilities 1,741,497 2,049,748
Non-current liabilities    
Amount due to equity investees 4,243,557 4,275,561
Operating lease liabilities - non-current 40,199 35,156
Finance lease liabilities - non-current 43,205 71,925
Borrowings - non-current 149,571 159,780
Deferred revenue 49,455 46,703
Total non-current liabilities 4,525,987 4,589,125
Total liabilities 6,267,484 6,638,873
Commitments and contingencies
Shareholders’ equity    
Ordinary Shares, par value US$0.00025 per share, 200,000,000 shares authorized, 45,360,598 and 5,038,018 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively [1] 11,341 1,260
Additional paid-in capital 93,526,094 6,547,265
Accumulated deficit (85,138,251) (2,029,941)
Accumulated other comprehensive loss 228,580 232,064
Total WF Holding Limited shareholders’ equity 8,627,764 4,750,648
Non-controlling interests (206) (206)
Total shareholders’ equity 8,627,558 4,750,442
Total liabilities and shareholders’ equity $ 14,895,042 $ 11,389,315
[1] Retrospectively restated for the effect of the reverse share split on April 13, 2026.