Segment and Revenue Analysis (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Segment and Revenue Analysis [Abstract] |
|
| Schedule of Generated from Different Revenue Streams |
The following table summarizes the revenue generated
from different revenue streams:
| | |
For the year ended December 31, | | |
For the year ended December 31, | | |
For the year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Revenue | |
| | |
| | |
| |
| Product revenue - Bitcoin mining machines and related accessories | |
$ |
- | | |
$ |
- | | |
$ |
265,984 | |
| Product revenue - Telecommunication products | |
| 228,428 | | |
| 501,111 | | |
| 516,365 | |
| Product revenue - Solar and battery storage products and related accessories | |
| 564,619 | | |
| 570,832 | | |
| - | |
| Service revenue - Cryptocurrency exchange services | |
| 1,141,811 | | |
| 1,290,700 | | |
| 1,044,087 | |
| Service revenue - Cross-border payment and foreign exchange services | |
| 1,998,168 | | |
| 2,307,491 | | |
| 2,637,101 | |
| Service revenue - Rental services | |
| 1,165,027 | | |
| 718,139 | | |
| - | |
| Service revenue - SaaS data visualization and analytic solution | |
| 1,148,317 | | |
| 183,098 | | |
| - | |
| Others (1) | |
| 290,617 | | |
| 297,400 | | |
| 391,644 | |
| Total | |
$ | 6,536,987 | | |
$ | 5,868,771 | | |
$ | 4,855,181 | |
| (1) | Other revenues mainly include
revenue from our service management and maintenance services. |
|
| Schedule of Geographic Region |
The following table summarizes the revenues generated
from different geographic region:
| | |
For the year
ended December 31, | | |
For the year
ended December 31, | | |
For the year
ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Geographic region | |
| | |
| | |
| |
| Mainland China | |
$ | 1,576,773 | | |
$ | 1,515,945 | | |
$ | 1,173,993 | |
| Australia | |
| 4,960,214 | | |
| 4,352,826 | | |
| 3,681,188 | |
| Total | |
$ | 6,536,987 | | |
$ | 5,868,771 | | |
$ | 4,855,181 | |
|
| Schedule of Cost of Revenues |
The following table summarizes the cost of revenues
associated with different revenue streams:
| | |
For the year ended December 31, | | |
For the year ended December 31, | | |
For the year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Cost of revenues | |
| | |
| | |
| |
| Bitcoin mining machines and related accessories (1) | |
$ | - | | |
$ | - | | |
$ | 17,004,040 | |
| Telecommunication products | |
| 290,741 | | |
| 932,840 | | |
| 1,346,914 | |
| Solar and battery storage products and related accessories | |
| 410,197 | | |
| 430,849 | | |
| - | |
| Cryptocurrency exchange services | |
| 286,958 | | |
| 668,231 | | |
| 740,591 | |
| Cross-border payment and foreign exchange services | |
| 1,455,217 | | |
| 1,642,276 | | |
| 1,885,956 | |
| Rental services | |
| 2,323,449 | | |
| 455,528 | | |
| - | |
| SaaS data visualization and analytic solution | |
| 825,146 | | |
| 110,499 | | |
| - | |
| Others | |
| 550,433 | | |
| 438,862 | | |
| 581,485 | |
| Total | |
$ | 6,142,141 | | |
$ | 4,679,085 | | |
$ | 21,558,986 | |
| (1) | Approximately US$1.7 million cost primarily related to the rental service in the year ended December 31, 2025 and approximately US$16.7 million cost related to the bitcoin mining machines and related accessories business recognized in the year ended December 31, 2023 were recorded in connection with impairment of VAT recoverable and inventories, respectively. |
|
| Schedule of Long Lived Assets by Geographical Region |
Selected assets of property, plant and equipment,
right-of- use assets, intangible assets and goodwill by geographical region within the operating segment is as follows:
| | |
As of
December 31, | |
As of
December 31, |
| | |
2025 | |
2024 |
| Geographic region | |
| |
|
| Mainland China | |
$ | 27,572,840 | | |
$ | 31,389,546 | |
| Hong Kong | |
| 169,718 | | |
| 96,070 | |
| Australia | |
| 3,710,519 | | |
| 5,589,164 | |
| US | |
| 4,226,244 | | |
| 254,497 | |
| Others foreign countries and regions | |
| - | | |
| 583,880 | |
| Total | |
$ | 35,679,321 | | |
$ | 37,913,157 | |
|