v3.26.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 17,088,014 $ 3,611,999
Short-term investments 19,970,243 18,364,219
Accounts receivable, net 5,350,006 5,407,989
Advances to suppliers, net 4,422 290,680
Inventories, net 85,568 79,411
Loans receivable 589,528 6,020,220
Other receivable 5,846,247 6,846,247
Prepaid expenses and other current assets 10,507 171,661
Total current assets 48,944,535 40,792,426
Non-current assets    
Non-current accounts receivable, net 1,027,421
Non-current loans receivable 285,996
Property, equipment and software, net 332,488 475,189
Total non-current assets 332,488 1,788,606
Total Assets 49,277,023 42,581,032
Current liabilities    
Accounts payable 255,982 292,065
Deferred revenue 65,298 73,059
Taxes payable 1,832,077 1,795,736
Accrued expenses and other current liabilities 160,776 148,342
Total current liabilities 2,314,133 4,954,667
Non-current Liabilities    
Deferred income tax liabilities, net 1,559,142 1,616,053
Total non-current liabilities 1,559,142 1,616,053
Total Liabilities 3,873,275 6,570,720
Commitments and Contingencies
Shareholders’ Equity    
Additional paid-in capital 35,040,217 24,920,060
Statutory reserve 836,215 836,215
Retained earnings 9,301,135 10,671,200
Accumulated other comprehensive loss (74,586) (420,093)
Total Shareholders’ Equity 45,403,748 36,010,312
Total Liabilities and Shareholders’ Equity 49,277,023 42,581,032
Class A Ordinary Shares    
Shareholders’ Equity    
Ordinary shares value [1] 299,948 2,111
Class B Ordinary Shares    
Shareholders’ Equity    
Ordinary shares value 819 819
Related Party    
Current liabilities    
Loan payable – related party $ 2,645,465
[1] The shares data are presented on a retroactive basis to reflect the 1-for-25 reverse share split of the Class A ordinary shares effective on July 6, 2026 (Notes 14 and 19).