| Schedule of Consolidated Financial Statements of the Company |
As of December 31, 2025, the consolidated
financial statements of the Company include the following entities:
| Entity | | Date of incorporation | | Place of incorporation | | Percentage of direct or indirect economic ownership | | Principal activities | | Sentage Holdings Inc. (“Sentage Holdings”) | | September 16, 2019 | | Cayman Islands | | Parent, 100% | | Investment holding | | Sentage Hongkong Limited (“Sentage HK”) | | September 25, 2019 | | Hong Kong | | 100% | | Investment holding | | Shanghai Santeng Technology Co., Ltd. (“Sentage WFOE”) | | December 17, 2019 | | Shanghai, PRC | | 100% | | WFOE | | Daxin Wealth Investment Management (Shanghai) Co., Ltd. (“Daxin Wealth”) | | August 13, 2014 | | Shanghai, PRC | | VIE | | Investment holding | | Daxin Zhuohui Financial Information Services (Shanghai) Co., Ltd. (“Daxin Zhuohui”) | | January 9, 2015 | | Shanghai, PRC | | VIE | | Investment holding | | Qingdao Buytop Payment Services Co., Ltd. (“Qingdao Buytop”) | | August 4, 2009 | | Qingdao,Shandong,PRC | | VIE | | Prepaid payment network services | | Zhenyi Information Technology (Shanghai) Co., Ltd. (“Zhenyi”) | | August 29, 2017 | | Shanghai, PRC | | VIE | | Investment holding |
|
| Schedule of Consolidated Balance Sheets |
The table sets forth the assets and liabilities of the VIEs included
in the Group’s consolidated balance sheets:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
USD | | |
USD | |
| ASSETS | |
| | |
| |
| Current assets | |
| | |
| |
| Cash and cash equivalents | |
| 8,488 | | |
| 12,419 | |
| Restricted cash | |
| 19,961 | | |
| 25,750 | |
| Accounts receivable, net | |
| 51,890 | | |
| 75,074 | |
| Prepaid expenses and other current assets | |
| 984,998 | | |
| 23,721 | |
| | |
| | | |
| | |
| Total current assets | |
| 1,065,337 | | |
| 136,964 | |
| | |
| | | |
| | |
| Non-current assets | |
| | | |
| | |
| Property and equipment, net | |
| 50,882 | | |
| 40,764 | |
| Intangible assets, net | |
| 51,957 | | |
| 40,384 | |
| Deferred tax assets | |
| 11,987 | | |
| 12,512 | |
| | |
| | | |
| | |
| Total non-current assets | |
| 114,826 | | |
| 93,660 | |
| | |
| | | |
| | |
| Total assets | |
| 1,180,163 | | |
| 230,624 | |
| | |
| | | |
| | |
| Current liabilities | |
| | | |
| | |
| Accounts payable | |
| 5,821 | | |
| 6,076 | |
| Accrued expenses and other current liabilities | |
| 1,773,390 | | |
| 1,842,505 | |
| | |
| | | |
| | |
| Total current liabilities | |
| 1,779,211 | | |
| 1,848,581 | |
| | |
| | | |
| | |
| Non-current liability | |
| | | |
| | |
| Due to a related party | |
| 1,368,555 | | |
| 1,837,409 | |
| | |
| | | |
| | |
| Total non-current liability | |
| 1,368,555 | | |
| 1,837,409 | |
| Total liabilities | |
| 3,147,766 | | |
| 3,685,990 | |
The table sets forth the results of operations of the VIE included
in the Group’s consolidated statements of comprehensive income/(loss):
| | |
Years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
USD | | |
USD | | |
USD | |
| Total revenues | |
| 146,554 | | |
| 107,507 | | |
| 68,909 | |
| Net Loss | |
| (797,223 | ) | |
| (917,055 | ) | |
| (1,363,702 | ) |
The table sets forth the cash flows of the VIE included in the Group’s
consolidated statements of cash flows:
| | |
Years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
USD | | |
USD | | |
USD | |
| Net cash used in operating activities | |
| (254,262 | ) | |
| (711,635 | ) | |
| (310,275 | ) |
| Net cash used in investing activity | |
| (23,433 | ) | |
| - | | |
| - | |
| Net cash provided by financing activities | |
| 299,385 | | |
| 604,461 | | |
| 468,854 | |
|