v3.26.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 11,649 $ 10,093
Short-term investments 1,052 933
Prepaid expenses for forward purchase contract 13,114,964 13,114,964
Other current assets 19,680 28,712
Total Current Assets 13,147,345 13,154,702
Non-current Assets    
Investment in an equity investee 5,657,738
Right of use assets 10,450 17,865
Total Non-current Assets 5,668,188 17,865
Total Assets 18,815,533 13,172,567
Current Liabilities    
Other payable and accrued expenses 2,121,273 1,961,155
Lease liabilities, current 9,175 14,877
Underwriter fee payable 2,921,250 2,921,250
Total Current Liabilities 8,610,299 8,355,116
Non-current Liabilities    
Lease liabilities, non-current 1,703
Total Non-current Liabilities 574,773 1,703
Total Liabilities 9,185,072 8,356,819
Commitments and Contingencies (Note 14)
Shareholders’ Equity    
Common stock ($0.0001 par value, 1,000,000,000 shares authorized; 102,597,432 and 70,724,664 shares issued as of June 30, 2026 and December 31, 2025, including 20,000,000 escrowed earnout shares subject to contingent release conditions, respectively; 82,597,432 and 50,724,664 shares outstanding as of June 30, 2026 and December 31, 2025, respectively) 8,260 5,073
Treasury stock (635,811)
Additional paid-in capital 50,233,524 43,862,158
Accumulated loss (39,976,738) (39,051,663)
Accumulated other comprehensive income 1,226 180
Total Shareholders’ Equity 9,630,461 4,815,748
Total Liabilities and Shareholders’ Equity 18,815,533 13,172,567
Related Party    
Current Liabilities    
Amount due to related parties 3,558,601 3,457,834
Non-current Liabilities    
Amount due to related parties, non-current $ 574,773