v3.26.3
Convertible Notes Payable (Tables)
6 Months Ended
Jun. 30, 2026
Convertible Notes Payable [Abstract]  
Schedule of Conversions of Convertible Notes

During the six months ended June 30, 2026, the Company effected two conversions of the August 2025 Convertible Notes as follows:

 

Date of Conversion:   April 9,
2026
    May 20,
2026
 
Conversion Amount:   $ 50,000     $ 110,000  
Conversion Price (per ADS):   $ 0.05536     $ 1.12040  
Conversion Shares (in ADS):     903,179       98,179  
Adjusted Class B Ordinary shares(1):     30,106       98,179  
Schedule of Convertible Notes Payable

The amortized cost of the convertible notes payable as of June 30, 2026 consisted of the following:

 

    As of
June 30,
 
    2026  
Convertible note payable to an unrelated party-issued in August, 2025, with interest at 8%   $ 1,100,000  
Convertible note payable to an unrelated party-issued in November, 2025, with interest at 8%     2,200,000  
Less: derivative liability fair value     (2,058,567 )
debt discount and debt issuance costs     (279,000 )
convert into shares     (149,286 )
Fair value adjustment for Pre-Delivery Shares related to the issuance of the convertible note     (485,565 )
Convertible notes payable     327,582  
Plus: amortization of discounts     1,847,439  
Total convertible notes payable, net   $ 2,175,021  
Schedule of Interest Expense

For the six months ended June 30, 2026, the interest expenses recognized in the consolidated statements of operations was as follows:

 

    For the
six months
ended
June 30,
 
    2026  
Contractual coupon interest   $ 175,393  
Amortization of debt discount     1,682,944  
Total interest expenses   $ 1,858,337