v3.26.3
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Basis of Presentation and Summary of Significant Accounting Policies  
Schedule of restricted cash

 

 

June 30,

2026

 

 

December 31,

2025

 

 

 

 

 

 

 

 

Deposit held by a US financial institution as collateral for ACH transactions and business credit cards – U.S.

 

$280,998

 

 

$280,016

 

Schedule of estimated useful life of property and equipment

Automobiles

 

4-5 years

Furniture and equipment

 

3-10 years

Leasehold improvements

 

Shorter of the asset’s useful life or lease term

Solar systems leased to customers

 

Lease term, 10-20 years

Schedule of fair value measurements of cash, loans and borrowings

 

 

Fair Value

 

 

Carrying

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$2,158,233

 

 

$-

 

 

$-

 

 

$2,158,233

 

Customer loans receivable

 

 

-

 

 

 

-

 

 

 

2,776,351

 

 

 

2,549,034

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured loans from related parties

 

 

-

 

 

 

-

 

 

 

8,095,676

 

 

 

8,500,000

 

Secured convertible debt

 

 

-

 

 

 

-

 

 

 

15,779,685

 

 

 

15,879,217

 

 

 

Fair Value

 

 

Carrying

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$280,016

 

 

$-

 

 

$-

 

 

$280,016

 

Customer loans receivable

 

 

-

 

 

 

-

 

 

 

3,439,868

 

 

 

3,130,983

 

Held to maturity debt investments

 

 

-

 

 

 

522,599

 

 

 

-

 

 

 

522,599

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured loans from related parties

 

 

-

 

 

 

-

 

 

 

9,897,955

 

 

 

10,500,000

 

Secured convertible debt

 

 

-

 

 

 

-

 

 

 

15,083,327

 

 

 

14,989,882