v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Accounting Policies [Abstract]    
SCHEDULE OF FOREIGN CURRENCY TRANSLATION

For the six months ended June 30, 2026, the Company used the following exchange rates for its Vietnam subsidiary:

 

Period ended June 30, 2026        
Balance sheet, except for equity accounts  ₫26,296    VND to $1 USD
Income statement and cash flows  ₫26,250    VND to $1 USD

 

Balance sheet, except for equity accounts  7.1721   RMB to $1 USD
Income statement and cash flows  7.2550   RMB to $1 USD

 

 

Period ended November 30, 2025        
Balance sheet, except for equity accounts  ¥7.0751   RMB to $1 USD
Income statement and cash flows  ¥7.1300   RMB to $1 USD
         
Year ended December 31, 2024        
Balance sheet, except for equity accounts  ¥7.2994   RMB to $1 USD
Income statement and cash flows  ¥7.1887   RMB to $1 USD
SCHEDULE OF REVENUE

  

   2026   2025   2026   2025 
   Three months ended   Six months ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Revenues                
Product revenue  $157,947   $749,313   $259,965   $1,971,116 
Product revenue - related party   5,143    146,655    141,691    146,789 
Revenue share - related party   774,087    501,307    1,720,137    1,071,895 
Total revenues  $937,177   $1,397,275   $2,121,793   $3,189,800 

The Company generated revenues of $5,980,847 and $10,200,957 for the years ended December 31, 2025 and 2024, respectively.

 

           
   Years ended 
   December 31, 
   2025   2024 
Revenues          
Product revenue  $2,346,474   $7,439,899 
Product revenue - related party   515,756    6,270 
Revenue share – related party   2,895,956    2,754,788 
Intelligent Information Service – related party   222,661    - 
Total revenues  $5,980,847   $10,200,957 

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

Basic and diluted loss per share were calculated as follows:

  

   2026   2025   2026   2025 
   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
   2026   2025   2026   2025 
Basic loss per share:                
Net loss  $(175,730)  $(228,913)  $(30,129)  $(306,090)
Less: income allocated to participating securities  $-   $-   $-   $- 
Net loss allocated to common stockholders  $(175,730)  $(228,913)  $(30,129)  $(306,090)
Weighted-average shares outstanding – basic   22,600,363    18,000,000    22,598,291    18,000,000 
Loss per share – basic  $(0.01)  $(0.01)  $(0.00)  $(0.02)
Diluted loss per share:                    
Net loss  $(175,730)  $(228,913)  $(30,129)  $(306,090)
Weighted-average shares outstanding – diluted   22,600,363    18,000,000    22,598,291    18,000,000 
Loss per share – diluted  $(0.01)  $(0.01)  $(0.00)  $(0.02)
 
SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED BALANCE SHEET

The effect of the revision on the Company’s previously reported consolidated balance sheet as of December 31, 2025 was as follows:

  

  

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)

 

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)
Loss before income taxes   (24,812,691)   (109,022)   (24,921,713)
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)
SCHEDULE OF ROLL FORWARD OF LEVEL 3 FINANCIAL LIABILITIES (PIPE WARRANT LIABILITY)  

The following table presents a roll forward of the Company’s Level 3 financial liabilities (PIPE Warrant liability) for the year ended December 31, 2025:

 

Description  Amount ($) 
Beginning balance, January 1, 2025   - 
Initial recognition at Closing Date (December 9, 2025)   13,798,400 
Change in fair value of PIPE Warrant liability (December 30, 2025)   16,759,729 
Reclassification to equity (December 30, 2025)   (30,558,129)
Ending balance, December 31, 2025   -