Notes and other explanatory information [abstract]

Schedule of revenue for geographical regions

The Group derives revenue from the transfer of goods at a point in time and services over time in the following major product lines and geographical regions:

Revenue from external customer contracts
Six months ended June 30, 2026	Asia		US		Other areas		Total
Sales of product
Bicycle frame	$	-	$	-	$	528,621	$	528,621
Racket		5,999,258		54,111		-		6,053,369
Crank		566		-		12,340		12,906
Others		49,164		-		123,531		172,695
Total	$	6,048,988	$	54,111	$	664,492	$	6,767,591

Revenue from external customer contracts
Six months ended June 30, 2025	Asia		US		Other areas		Total
Sales of product
- Bicycle frame	$	13,513	$	-	$	2,756,990	$	2,770,503
- Bicycle		24,363		-		-		24,363
- Racket		5,675,167		-		295		5,675,462
- Crank		32,761		-		224,134		256,895
- Others		50,131		31,458		23		81,612
Service provision		480,000		-		1,300,000		1,780,000
Total	$	6,275,935	$	31,458	$	4,281,442	$	10,588,835

Schedule of contract liabilities

(i) The Group has recognized the following revenue-related contract liabilities:

	As of		As of
	June 30, 2026		December 31, 2025
Contract liabilities - receipts in advance	$	146,622	$	60,906

(ii) Revenue recognized that was included in the contract liability balance at the beginning of the year:

Six months ended

June 30, 2026

Six months ended

June 30, 2025

Revenue recognized from beginning contract liabilities

$

60,906

$

276,210