v3.26.3
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (7,396,495) $ (1,356,773)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 398,296 282,373
Amortization of intangible assets 14,967 12,319
Amortization of right-of-use assets 188,693 5,548
Gain on short-term investments (5,358)
Share-based compensation expenses 1,459,200
Impairment loss on long-term investments 1,356,618
Provision of credit losses 24,400 3,907
Deferred income tax (29,178) 6,493
Loss on disposal of property and equipment 9
Provision for inventory impairment 82,031
Provision for contract costs impairment 7,465 13,165
Changes in operating assets and liabilities:    
Accounts receivable 844,750 245,175
Other receivables-bank acceptance notes (561,116) (726,008)
Advances to suppliers (5,150,578) 47,880
Other receivables 20,562 63
Inventories (122,678) (295,816)
Contract costs (46,361) 44,766
Accounts payable 1,025,251 102,825
Advances from customers (15,751) (214,530)
Payroll payable 58,258 192,941
Taxes payable (63,923) 420
Other payables 149,742 49,182
Amounts due to related parties (78,647) 8,143
Change in operating lease liabilities (205,611) (5,744)
Net cash used in operating activities (9,402,072) (227,053)
Cash flows from investing activities    
Purchase of property and equipment (781,362) (295,389)
Purchases of intangible assets (63,867)
Prepayment for equity subscription (1,000,000)
Purchase short-term investments (2,983,966)
Maturities of short-term investments 1,165,925
Prepayment for acquisition related deposits (4,500,000)
Interest-free loan to third parties (2,266,674)
Repayment of interest-free loan to third parties 500,000
Net cash used in investing activities (9,929,944) (295,389)
Cash flows from financing activities    
Proceeds from short-term loans 1,450,708 1,391,999
Repayment of short-term loans (1,391,999)
Proceeds from third party loans 190,000
Repayments of third party loans (100,000)
Cash receipts from equity issuance, net of issuance cost 22,777,422
Net cash provided by financing activities 24,128,130 190,000
Effect of foreign exchange rate change on cash and cash equivalents 40,083 6,932
Net increase (decrease) in cash and cash equivalents 4,836,197 (325,510)
Cash and cash equivalents at the beginning of the period 1,452,992 2,080,715
Cash and cash equivalents at the end of the period 6,289,189 1,755,205
Supplemental disclosures of cash flow information:    
Interest paid 29,254 22,425
Income taxes paid 63,923 112,129
Non-cash investing activities:    
Liabilities incurred for purchasing of property and equipment $ 145,948 $ 2,279