SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT USEFUL LIFE |
Property
and equipment are stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets, as follows:
SCHEDULE
OF PROPERTY, PLANT AND EQUIPMENT USEFUL LIFE
| Category | |
Estimated Useful Life | |
Estimated Residual | |
| Machinery and equipment | |
6 years | |
| 10 | % |
| Electronics and office equipment | |
5 years | |
| 5 | % |
|
| SCHEDULE OF COMPANY’S REVENUES FROM CONTINUING OPERATIONS BY GEOGRAPHIC AREA |
SCHEDULE
OF COMPANY’S REVENUES FROM CONTINUING OPERATIONS BY GEOGRAPHIC AREA
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the three months ended September 30, | | |
For the nine months ended September 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Geographic area | |
| | | |
| | | |
| | | |
| | |
| United States | |
| 1,722,597 | | |
| 852,233 | | |
| 2,524,483 | | |
| 1,059,802 | |
| Hong Kong | |
| 89,001 | | |
| 91,429 | | |
| 257,867 | | |
| 142,429 | |
| Total revenues | |
$ | 1,811,598 | | |
$ | 943,662 | | |
$ | 2,782,350 | | |
$ | 1,202,231 | |
|
| SCHEDULE OF COMPANY’S LONG-LIVED ASSETS BY GEOGRAPHIC AREA |
SCHEDULE
OF COMPANY’S LONG-LIVED ASSETS BY GEOGRAPHIC AREA
| | |
September 30, 2026 | | |
December 31, 2025 | |
| Geographic area | |
US$ | | |
US$ | |
| United States | |
| 782,896 | | |
| 996,537 | |
| Total long-lived assets | |
| 782,896 | | |
| 996,537 | |
|
| SCHEDULE OF STABLECOINS AND DIGITAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS BY FAIR VALUE HIERARCHY LEVEL |
The
following table presents the Company’s stablecoins and digital assets measured at fair value on a recurring basis by fair value
hierarchy level as of September 30, 2026:
SCHEDULE OF STABLECOINS AND DIGITAL ASSETS MEASURED
AT FAIR VALUE ON A RECURRING BASIS BY FAIR VALUE HIERARCHY LEVEL
| | |
Fair Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Description | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| Stablecoins – USDC | |
| 3,338,923 | | |
| 3,338,923 | | |
| — | | |
| — | |
| Stablecoins – USDT | |
| 9,432,242 | | |
| 9,432,242 | | |
| — | | |
| — | |
| Digital assets – Bitcoin | |
| 841,404 | | |
| 841,404 | | |
| — | | |
| — | |
| Digital assets – Solana | |
| 119,018 | | |
| 119,018 | | |
| — | | |
| — | |
| Digital assets – Filecoin, continuing operations | |
| 102,077 | | |
| 102,077 | | |
| — | | |
| — | |
| Total stablecoins and digital assets of continuing operations | |
$ | 13,833,664 | | |
$ | 13,833,664 | | |
$ | — | | |
$ | — | |
| Digital assets – Filecoin, classified as current assets of discontinued operations | |
| 16,163 | | |
| 16,163 | | |
| — | | |
| — | |
| Total stablecoins and digital assets measured at fair value on a recurring basis | |
$ | 13,849,827 | | |
$ | 13,849,827 | | |
$ | — | | |
$ | — | |
|
| Single Reportable Segment [Member] |
|
| SCHEDULE OF SEGMENT REPORTING |
The
following table presents information regularly provided to the CODM and included in the measure of segment profit or loss reviewed by
the CODM for the three and nine months ended September 30, 2026 and 2025:
SCHEDULE
OF SEGMENT REPORTING
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the three months ended September 30, | | |
For the nine months ended September 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Revenues | |
| 1,811,598 | | |
| 943,662 | | |
| 2,782,350 | | |
| 1,202,231 | |
| Significant segment expenses: | |
| | | |
| | | |
| | | |
| | |
| Cost of revenue | |
| (421,590 | ) | |
| (185,285 | ) | |
| (951,762 | ) | |
| (345,836 | ) |
| Sales and marketing | |
| 1,272 | | |
| (29,066 | ) | |
| (32,794 | ) | |
| (87,197 | ) |
| General and administrative | |
| (1,551,009 | ) | |
| (1,096,592 | ) | |
| (4,177,449 | ) | |
| (2,794,754 | ) |
| Research and development | |
| (83,542 | ) | |
| (63,779 | ) | |
| (250,626 | ) | |
| (63,779 | ) |
| Provision for doubtful accounts | |
| (43 | ) | |
| — | | |
| (40,838 | ) | |
| — | |
| Non-operating income/(expense) and gain/(loss) | |
| 641,079 | | |
| (1,793,374 | ) | |
| 797,011 | | |
| (1,774,377 | ) |
| Income tax (expense)/benefits | |
| (173,578 | ) | |
| (93,320 | ) | |
| (37,090 | ) | |
| 60,776 | |
| Income/(loss) from continuing operations | |
$ | 224,187 | | |
$ | (2,317,754 | ) | |
$ | (1,911,198 | ) | |
$ | (3,802,936 | ) |
|