v3.26.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (8,079,392) $ 698,032
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation of plant and equipment 164,811 (12,224)
Amortization of right-of-use assets 155,638 (88,135)
Interest expense 527,749 120,335
Loss on digital assets, fair value 562,877
Loss on financial assets 2,590
Embedded derivative loss 4,520
Director share based expense 211,360
Loss on debt restructure Cost 3,421,643
Changes in operating assets and liabilities:    
Accounts receivable 50,561 (14,322)
Inventories (16,006) (15,281)
Deposit, prepayment and other receivables, net (1,814,537) (1,759,823)
Amount due from agency 401,240
Deferred offering cost 75,496
Accounts payable 98,828 (422,710)
Accrued liabilities and other payables (211,656) (256,780)
Contract liabilities (6,146) 3,287
Operating lease liabilities (157,023) 860,564
Taxes payable (8,008)
Net cash used in operating activities (4,607,447) (895,065)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of plant and equipment (110,357) (63,540)
Purchase of intangible assets (5,723,683)
Purchase of Right of Use (819,692)
Investment in Artwork (270,000)
Investment in Financial assets (665,870)
Disposal in Financial assets 1,154,999
Investment in equity securities (1,000,000)
Deposit paid for acquisition of land (100,000)
Net cash used in investing activities (55,358) (7,542,785)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of convertible notes, net 1,853,523 847,049
Settlement of Forbearance liability (662,500)
Amount with related parties 58,060 (269,025)
Subscription receivables 204,000
Equity line of Credit 3,778,395 9,181,273
Net cash provided by financing activities 5,027,478 9,963,297
Net increase in cash and cash equivalents 364,673 1,525,447
Effect of foreign currency translation on cash and cash equivalents (99,505) (374,711)
Cash and cash equivalents, beginning of period 758,621 457,740
Cash and cash equivalents, end of period $ 1,023,789 $ 1,608,476