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 $ (2,767,710) $ (15,391,443) $ (10,036,104)
Net income (loss) from discontinued operations 2,246,340 (1,601,323)
Net loss from continuing operations (2,767,710) (17,637,783) (8,434,781)
Adjustments to reconcile net loss to net cash used in operating activities of continuing operations:      
Depreciation 38,549 22,111 4,886
Amortization of intangible assets 156,660 20,172
Amortization of operating right-of-use asset 202,206 125,476 106,314
Amortization of finance right-of-use assets 9,061 5,458 8,148
Provision for credit losses 44,885 2,463
Inventory write-down 86,656
Deferred taxes benefits 4,379 (4,379)
Gain on termination of finance lease (7,174)
Loss on disposal of intangible assets 11,218
Impairment loss on long-lived assets 37,480 14,755,560
Change in fair value of prepaid forward purchase liabilities 1,303,658
Change in fair value of warrants liabilities 25,000
Loss on settlement of prepaid forward contracts 2,635,816
Loss on debt settlement 448,000 645,612
Gain from forgiveness on promissory note (10,000)
Change in operating assets and liabilities      
Accounts receivable (85,986) 85,220 (33,966)
Other receivables (81,005) 210 1,000
Other receivables, related parties (3,082)
Inventories, net 45,428 (126,274)
Prepaid expenses and other current assets (22,236) 69,291 61,629
Accounts payable (12,949) 15,992 1,269
Other payables and accrued liabilities 344,498 (235,221) 519,709
Customer deposits (24,579) 451,325
Taxes payable (190,999) 62,943 87,869
Operating lease liability (202,206) (125,476) (106,314)
Net cash used in operating activities from continuing operations (2,426,535) (2,025,572) (3,213,862)
Net cash used in operating activities from discontinued operations (9,155) 295,967
Net cash used in operating activities (2,426,535) (2,034,727) (2,917,895)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of equipment (77,264) (96,762)
Purchases of intangible assets (27,186) (19,268)
Cash acquired through assets acquisition 16,297
Loan to third parties (44,885)
Net cash used in investing activities from continuing operations (104,450) (144,618)
Net cash used in investing activities from discontinued operations (3,148)
Net cash used in investing activities (104,450) (147,766)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of warrants 100,000
Proceeds received from convertible notes 1,000,000 1,500,000
Repayments of convertible note (300,000)
Proceeds received from Issuance of ordinary shares through private placements 50,000 790,000
Proceeds from short-term loans - private lenders 471,386 784,269
Repayments to short-term loans - private lenders (595,277) (256,935)
Proceeds received from short-term loans - related parties 1,345,656 436,177 1,237,642
Repayments to short-term loans - related parties 208,917
Advance from other payables - related parties 234,460 (140,950)
Payment of finance lease liabilities (6,194) (4,450) (5,945)
Repayments to discontinued operations entities 493,769
Net cash provided by financing activities from continuing operations 2,550,031 2,068,111 2,724,383
Net cash provided by financing activities from discontinued operations 256,088 (371,888)
Net cash provided by financing activities 2,550,031 2,324,199 2,352,495
EFFECT OF EXCHANGE RATE CHANGES 88,494 (101,655) (21,531)
NET CHANGE IN CASH 107,540 40,051 (586,931)
CASH, beginning of the year 237,605 197,554 784,485
CASH, end of the year 345,145 237,605 197,554
Less: Cash from discontinued operations (8,549)
Cash from continuing operations, end of the year 345,144 237,605 189,005
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income tax 32,156 11,627 42,900
Cash paid for interest 5,996 55,382 17,520
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Initial recognition of operating right-of-use assets and lease liabilities 256,208 159,409 236,705
Initial recognition of financing right-of-use assets and lease liabilities 36,204
Derecognition of financing right-of-use assets upon lease termination 80,931 12,918
Derecognition of financing lease liabilities upon lease termination 19,297
Issuance of ordinary shares upon conversion of convertible notes 1,022,329 3,613,125 1,424,304
Issuance of ordinary shares upon settlement of debts 1,713,587 1,538,914
Issuance of ordinary shares upon settlement of prepaid forward contracts 2,368,000
Reclassification of other payables and accrued liabilities upon settlement of a promissory note 160,000
Issuance of ordinary shares in assets acquisition 15,000,000
Issuance of convertible notes in settlement of short-term loans related parties, and other payables - related party $ 935,377