v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,492,812 $ 4,119,090
Restricted cash 93,972 40,200
Accounts receivable, net of allowance for credit losses of US$89,130 and US$49,916 as of December 31, 2024 and 2025, respectively 1,802,899 2,860,537
Prepaid expenses and other current assets 712,696 1,449,369
Total current assets 6,102,379 8,469,196
Property and equipment, net 78,954 50,152
Operating lease right-of-use assets 292,070 176,718
Long-term investments 259,197 253,443
Other non-current assets 123,223 35,534
TOTAL ASSETS 6,855,823 8,985,043
Current liabilities (including amounts of the consolidated VIEs without recourse to the Company. See Note 2(b)):    
Accounts payable 2,186,068 3,460,424
Short-term borrowings 2,062,941 2,504,034
Accrued salary and benefits 585,898 776,118
Operating lease liabilities, current 137,339 162,589
Accrued expenses and other current liabilities 1,177,992 1,196,334
Deferred revenue 697,666 1,002,579
Total current liabilities 6,847,904 9,102,078
Operating lease liabilities, non-current 156,108  
TOTAL LIABILITIES 7,004,012 9,102,078
Commitments and contingencies
Shareholders' deficit:    
Additional paid-in capital 218,417,583 218,379,858
Accumulated deficit (216,937,975) (216,859,796)
Accumulated other comprehensive loss (1,676,169) (1,685,469)
Total shareholders' deficit (148,189) (117,035)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT 6,855,823 8,985,043
Class A    
Shareholders' deficit:    
Ordinary shares 45,910 45,910
Class B    
Shareholders' deficit:    
Ordinary shares $ 2,462 $ 2,462