v3.26.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 1,314,050 $ 1,464,381
Accounts receivable, net 23,790 42,945
Inventories, net 3,328,385 7,126,014
Investment in equity securities, current 17,175,112 17,619,921
Digital assets, current 452,628
Loans receivable, net 5,503,702 5,448,697
Prepaid expenses, current 588,514 271,127
Deposits and other current assets, net 506,720 172,380
Total current assets 28,898,858 32,147,575
Property and equipment, net 3,964 4,273
Digital assets, non-current 2,702,943
Restricted digital assets 1,758,924
Investment in equity securities, non-current 5,185,711 3,477,900
Operating lease right-of-use asset, net 707,728 828,697
Prepaid expenses, non-current 437,500 562,500
Total assets 36,992,685 39,723,888
Current liabilities    
Accounts payable 780,463 3,481,090
Bank borrowings, current 626,985 1,173,306
Contract liabilities 20,259 24,623
Accrued expenses and other current liabilities 266,324 257,672
Total current liabilities 1,694,031 4,936,691
Bank borrowings, non-current 2,844,813 2,986,935
Third party borrowing 1,340,702
Convertible debts 10,000,000 10,000,000
Total liabilities 15,879,546 17,923,626
Commitments and contingencies
Shareholders’ equity    
Ordinary shares ($0.0005 par value, 100,000,000 shares authorized; 24,864,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025) 12,432 12,432
Additional paid-in capital 10,142,644 10,142,644
Retained earnings 11,006,571 11,655,269
Accumulated other comprehensive loss (48,508) (10,083)
Total shareholders’ equity 21,113,139 21,800,262
Total liabilities and shareholders’ equity 36,992,685 39,723,888
Related Party    
Current Assets    
Amount due from a related party $ 5,957 $ 2,110