v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities      
Net income (loss) $ 20,494,107 $ (2,655,477)  
Provision for losses on accounts receivable 23,132  
Provision of obsolete inventory 148,912  
Depreciation and amortization expense 25,488 60,221  
Interest on lease liabilities 1,323 3,678  
Amortization of operating and finance right-of-use assets 14,883 820,287  
Gain on disposals of property, plant and equipment (66,138)  
Gain from debt forgiveness (7,218)  
Provision (reversal) for warranty liability 108,876 (153,845)  
Fair value losses on short-term investments 186,854  
Share of profit from equity method investment (180)  
Gain on disposal of subsidiaries (22,606,404)  
Changes in operating assets and liabilities:      
Accounts receivable 682,962 (276,816)  
Inventories (38,474)  
Amounts due from related parties (128,072)  
Prepaid expenses and other current assets (7,349,365) (28,014)  
Long term accounts receivable 99,183  
Accounts and notes payable (795,842) 50,904  
Amounts due to related parties 140,972  
Contract liabilities (1,791,605) 150,313  
Accrued expenses and other current liabilities 4,106,253 156,703  
Product warranty liability 53,791 (38,229)  
Lease liability (53,895)  
Net cash used in operating activities (7,050,826) (1,609,906)  
Cash flows from investing activities      
Purchase of property, plant and equipment (5,128) (62,254)  
Proceeds from disposal of short term investments 2,045,400  
Placement of short-term investments (4,132,849)  
Placement of equity method investment (4,572,616)  
Disposal of subsidiaries, net of cash disposed (123,021)  
Net cash used in investing activities (6,788,214) (62,254)  
Cash flows from financing activities      
Proceeds from borrowings from related parties 4,568,835 1,280,093  
Repayment of borrowings to related parties (873,231)  
Proceeds from borrowings from third parties 1,289,909 322,045  
Repayments of borrowings to third parties (2,189,134) (31,269)  
Offering costs (1,702,120)  
Proceeds from issuance of common stock 18,328,919  
Net cash provided by financing activities 19,423,178 1,570,869  
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash (216,732) (16,182)  
Net increase in cash, cash equivalents and restricted cash 5,367,406 (117,473)  
Cash and cash equivalents and restricted cash, beginning of period 572,544 318,001 $ 318,001
Cash and cash equivalents and restricted cash, end of period 5,939,950 200,528 572,544
Supplemental disclosure of cash flow information:      
Issuance of Class B ordinary shares for Debt Settlement 48,600  
Issuance of Class B to a shareholder 64,400  
Short term investment Redemption Proceeds Applied to Offset Loans 6,289,040  
Lease liabilities arising from obtaining right-of-use assets 311,871  
Cash and cash equivalents, beginning of the period 443,678 146,514 146,514
Restricted cash, beginning of the period 128,866 171,487 171,487
Total cash, cash equivalents and restricted cash at beginning of the period 572,544 $ 318,001 318,001
Cash and cash equivalents, end of the period 5,939,950   443,678
Restricted cash, end of the period     128,866
Total cash, cash equivalents and restricted cash at end of the period $ 5,939,950   $ 572,544