v3.26.3
EQUITY METHOD INVESTMENT
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
EQUITY METHOD INVESTMENT

7. EQUITY METHOD INVESTMENT

 

In May 2026, the Company and other partners incorporated a limited liability partnership. The Company holds 25.64% equity interests in the partnership. The limited-partnership agreement contains no contractual restriction or specified term governing the holding period of partnership interests. Given our 25.64% equity interest provides us with significant influence over the investee’s operating and financial decisions, the investment is accounted for under the equity-method pursuant to ASC 323-30.

 

 

A summary of financial information for our equity method investee is as follows:

 

 

   As of June 30, 
   2026 
ASSETS     
Current assets     
Cash and cash equivalents  $13,413,924 
Prepaid expenses and other current assets   4,421,453 
Total current assets   17,835,377 
Total non current assets   - 
Total assets  $17,835,377 
      
LIABILITY AND SHAREHOLDERS’ EQUITY     
Total liability   - 
      
Additional paid-in capital   17,771,544 
Retained earnings   701 
Accumulated other comprehensive (loss) income   63,132 
Total shareholders’ equity   17,835,377 
Total liability and shareholders’ equity   17,835,377 
Company equity method investments   4,572,796 


  

For the six months ended

June 30, 2026

 
   USD 
Revenues  $-
Cost of revenues  -
Gross Profit   - 
Interest income, net   701 
Net income  $701