v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 6,289,189 $ 1,452,992
Short-term investments 2,029,105 177,982
Accounts receivable, net 4,241,536 4,962,425
Other receivables-bank acceptance notes 2,172,732 1,555,085
Advances to suppliers 5,204,112 48,351
Other receivables 1,806,154 50,281
Inventories, net 1,649,828 1,558,819
Contract costs, net 90,722 49,763
Total current assets 23,483,378 9,855,698
Non-current Assets    
Property and equipment, net 5,150,232 4,895,479
Intangible assets 94,967 44,067
Operating lease right-of-use assets, net 959,915 1,115,209
Other assets, non-current 21,217,981 15,345,231
Total non-current assets 27,423,095 21,399,986
Total Assets 50,906,473 31,255,684
Current Liabilities    
Short-term loans 2,936,469 1,422,718
Accounts payable 4,354,949 3,609,798
Other payables and other current liabilities 2,127,716 2,152,100
Income tax payable 237,522 292,848
Advances from customers 95,882 108,356
Current portion of lease liabilities 427,271 406,845
Total current liabilities 10,418,914 8,301,487
Non-current Liabilities    
Deferred tax liabilities 149,205 173,195
Non-current portion of lease liabilities 534,990 727,228
Total non-current liabilities 684,195 900,423
Total liabilities 11,103,109 9,201,910
Commitments and contingencies
Shareholders’ Equity:    
Additional paid-in capital 47,068,581 22,832,075
Statutory reserves 465,572 465,572
Accumulated deficits (8,396,361) (999,866)
Accumulated other comprehensive income (loss) 665,233 (244,230)
Total shareholders’ equity 39,803,364 22,053,774
Total Liabilities and Shareholders’ Equity 50,906,473 31,255,684
Class A Ordinary Shares    
Shareholders’ Equity:    
Common stock value [1] 338 202
Class B Ordinary Shares    
Shareholders’ Equity:    
Common stock value [1] 1 21
Related Party    
Current Liabilities    
Amounts due to related parties $ 239,105 $ 308,822
[1] Giving retroactive effect on the 200 to 1 reverse share split to the issued and outstanding Class A and Class B Ordinary Shares effected on January 26, 2026, all share and per share amounts presented in the accompanying unaudited interim condensed consolidated financial statements have been retrospectively adjusted to reflect the reverse share split for all periods presented, unless otherwise indicated. (Note 12)