v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net (loss) income $ (78,179) $ 63,569 $ (2,595,941)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 22,321 50,635 379,539
Provision (reversal) for credit losses 294,579 47,801 (90,526)
Share-based compensation expense 37,725 134,560 704,565
Amortization of issuance cost and debt discounts related to convertible notes     51,797
Gain on disposal of property and equipment (14,421) (24,985) (386,915)
Noncash lease expense 259,375 288,393 298,002
Changes in assets and liabilities:      
Accounts receivable 1,097,577 (575,624) 2,687,831
Prepaid expenses and other current assets 439,898 1,909,177 1,090,622
Other non-current assets (87,515) 163,909 (106,459)
Accounts payable (1,209,937) (1,046,189) (3,613,124)
Accrued salary and benefits (201,368) (357,485) (2,831,392)
Accrued expenses and other current liabilities (88,473) (914,964) (2,175,269)
Operating lease liabilities (243,548) (311,306) (322,991)
Deferred revenue (305,323) 359,042 485,700
Other non-current liabilities   (73,319) (136,118)
Net cash used in operating activities (77,289) (286,786) (6,560,679)
Cash flows from investing activities:      
Purchases of property and equipment and intangible assets (60,280)   (76,458)
Proceeds from disposal of property and equipment 15,138 30,002 1,022,200
Proceeds from reclaim of short-term investments   50,074  
Proceeds from reclaim of long-term investments   809 14,314
Net cash provided by (used in) investing activities (45,142) 80,885 960,056
Cash flows from financing activities:      
Proceeds from short-term borrowings 2,017,682 2,536,290 1,422,613
Repayment of short-term borrowings (2,507,365) (704,220) (1,573,396)
Repayment of convertible notes     (1,806,453)
Net cash (used in) provided by financing activities (489,683) 1,832,070 (1,957,236)
Net (decrease) increase in cash, cash equivalents, and restricted cash (612,114) 1,626,169 (7,557,859)
Cash, cash equivalents, and restricted cash at beginning of year 4,159,290 2,476,571 9,785,131
Effect of exchange rate changes on cash, cash equivalents and restricted cash 39,608 56,550 249,299
Cash, cash equivalents, and restricted cash at end of year 3,586,784 4,159,290 2,476,571
Supplemental disclosure of cash flow information:      
Income taxes paid 2,851 8,996 26,736
Interest paid 46,910 73,295 86,893
Cash paid for amounts included in the measurement of operating lease liabilities 289,201 $ 351,581 $ 409,100
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 370,715