| SCHEDULE OF COMPANY AND ITS SUBSIDIARIES AND CONSOLIDATED ENTITIES |
The
Company and its consolidated subsidiaries as of June 30, 2026 are as follows:
SCHEDULE OF COMPANY AND ITS SUBSIDIARIES AND CONSOLIDATED ENTITIES
| Company
Name |
|
Date of
Incorporation |
|
Place of
Incorporation |
|
Ownership
Interest |
|
Principal
Activities |
| AMC
Robotics Corporation (F/K/A AlphaVest Acquisition Corp.) |
|
January
14, 2022 |
|
Delaware,
USA |
|
-
|
|
Public
holding company |
| AMC
Corporation |
|
October
21, 2021 |
|
Washington,
USA |
|
100% |
|
Sale
of security camera products |
| AMCV
Company Limited |
|
January
5, 2026 |
|
Vietnam |
|
100% |
|
Manufacturing
and operational support |
|
The
Company and its subsidiaries and consolidated entities as of December 31, 2025 are as follows:
SCHEDULE
OF COMPANY AND ITS SUBSIDIARIES AND CONSOLIDATED ENTITIES
Company
Name |
|
Date
of Incorporation |
|
Place
of Incorporation |
|
Ownership
Interest |
|
Principal
Activities |
| AMC
Robotics Corporation (F/K/A AlphaVest Acquisition Corp.) |
|
January
14, 2022 |
|
Delaware,
USA |
|
— |
|
Public
holding company |
| AMC
Corporation |
|
October
21, 2021 |
|
Washington,
USA |
|
100% |
|
Sale
of security camera products |
| Shanghai
Xiaoyun Technology Limited |
|
July
16, 2020 |
|
China |
|
VIE
(1) |
|
E-commerce
platform account holding |
| Kunshan
Yishijue Technology Limited |
|
January
11, 2021 |
|
China |
|
VIE
(1) |
|
E-commerce
platform account holding |
| (1) | The
Company was the primary beneficiary and historically consolidated these entities as Variable Interest Entities (“VIEs”),
as defined in ASC 810 as entities in which equity investors lack a controlling financial interest, but terminated the contractual arrangements
with Shanghai Xiaoyun Technology Limited and Kunshan Yishijue Technology Limited on December 1, 2025 and, accordingly, deconsolidated
these entities as of that date. |
|
| SCHEDULE OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS |
The
effect of the revision on the Company’s previously reported consolidated balance sheet as of December 31, 2025 was as follows:
SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED BALANCE SHEET
| | |
As
Previously Reported | | |
Adjustment | | |
As Revised | |
| Accrued and other liabilities | |
$ | 592,822 | | |
$ | 109,022 | | |
$ | 701,844 | |
| Accumulated deficit | |
$ | (27,229,088 | ) | |
$ | (109,022 | ) | |
$ | (27,338,109 | ) |
|
SCHEDULE OF PREVIOUSLY ISSUED CONSOLIDATED
FINANCIAL STATEMENTS
Consolidated
Balance Sheet
| As of December 31, 2025 | |
As Previously Reported | | |
Adjustment | | |
As Restated | |
| Accrued and other liabilities | |
$ | 592,822 | | |
$ | 109,022 | | |
$ | 701,844 | |
| Total current liabilities | |
| 686,821 | | |
| 109,022 | | |
| 795,843 | |
| Total liabilities | |
| 746,384 | | |
| 109,022 | | |
| 855,406 | |
| Accumulated deficit | |
| (27,229,088 | ) | |
| (109,022 | ) | |
| (27,338,110 | ) |
| Total stockholders’ equity | |
| 10,426,202 | | |
| (109,022 | ) | |
| 10,317,180 | |
| Total liabilities and stockholders’ equity | |
$ | 11,172,586 | | |
$ | — | | |
$ | 11,172,586 | |
Consolidated
Statement of Operations and Comprehensive Loss
| Year Ended December 31, 2025 | |
As Previously Reported | | |
Adjustment | | |
As Restated | |
| General and administrative expenses | |
$ | 2,687,250 | | |
$ | 109,022 | | |
$ | 2,796,272 | |
| Total operating expenses | |
| 3,358,314 | | |
| 109,022 | | |
| 3,467,336 | |
| Loss from operations | |
| (505,166 | ) | |
| (109,022 | ) | |
| (614,188 | ) |
| Net loss | |
| (24,817,342 | ) | |
| (109,022 | ) | |
| (24,926,364 | ) |
| Total comprehensive loss | |
$ | (24,817,342 | ) | |
$ | (109,022 | ) | |
$ | (24,926,364 | ) |
Consolidated
Statement of Changes in Stockholders’ Equity
| Year Ended December 31, 2025 | |
As Previously Reported | | |
Adjustment | | |
As Restated | |
| Net loss | |
$ | (24,817,342 | ) | |
$ | (109,022 | ) | |
$ | (24,926,364 | ) |
| Accumulated deficit, December 31, 2025 | |
| (27,229,088 | ) | |
| (109,022 | ) | |
| (27,338,110 | ) |
| Total stockholders’ equity, December 31, 2025 | |
$ | 10,426,202 | | |
$ | (109,022 | ) | |
$ | 10,317,180 | |
Consolidated
Statement of Cash Flows
| Year Ended December 31, 2025 | |
As Previously Reported | | |
Adjustment | | |
As Restated | |
| Net loss | |
$ | (24,817,342 | ) | |
$ | (109,022 | ) | |
$ | (24,926,364 | ) |
| Accrued and other liabilities | |
| 373,007 | | |
| 109,022 | | |
| 482,029 | |
| Net cash used in operating activities | |
$ | (5,555,840 | ) | |
$ | — | | |
$ | (5,555,840 | ) |
|