v3.26.3
Long-Term Investment (Tables)
 6 Months Ended
Jun. 30, 2026
Long-Term Investment [Abstract]  
Schedule of Long-Term Investment

Long-term investment, consisted of the following:

 

    As of
June 30,		     As of
December 31,		  
    2026     2025  
Investment accounted for under fair value option:            
Investment in Tongxin Innovation Limited   $ 3,325,000     $ 3,325,000  
Total long-term investment   $ 3,325,000     $ 3,325,000  
Schedule of Group’s Long-Term Investment

The following table sets forth the changes in the Group’s long-term investment:

 

    Amount  
Balance at December 31, 2024   $ -  
Investments made     7,097,000  
Fair value change on long-term investment     (3,772,000 )
Balance at December 31, 2025     3,325,000  
Fair value change on long-term investment     -  
Balance at June 30, 2026   $ 3,325,000  
Schedule of Fair Value Measurement of Investment

The following table presents the quantitative information about the significant unobservable inputs used in the Level 3 fair value measurement of the investment in Tongxin as of June 30, 2026:

 

    Fair Value
as of
June 30,
2026		     Valuation
Technique		   Significant
Unobservable
Inputs		   Value  
Equity investment accounted for using fair value option     3,325,000     Discounted cash flow method   Weighted average cost of capital (“WACC”)     17.0 %
                Discount for lack of marketability (“DLOM”)     15.7 %
                Perpetual growth rate     2.5 %