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 income $ 3,967,882 $ 3,173,703 $ 3,969,498
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Loss on disposals of property and equipment 12,196 43,633 52,726
(Recovery of) Provision for credit loss (277,751) 108,403 (87,639)
Amortization of right-of-use assets and interest of lease liabilities 2,413 12,251 40,060
Loss on disposal on subsidiaries 852,040
Depreciation for property and equipment 489,390 390,341 551,062
Deferred income tax (benefits) expense 74,783 (5,670) 21,910
Changes in operating assets and liabilities      
Accounts receivable 10,280,279 (2,000,881) (5,703,775)
Prepayments (31,558,873) (5,247,011) 981,526
Other receivables 1,587,506 (1,922,942) (1,030,603)
Deposits (612,963) 52,948 (29,657)
Accounts payable (323,369) (635,621) 259,722
Operating lease liabilities (11,551) (39,206)
Amount due to related parties (2,689)
Other payables and accrued liabilities 229,447 100,015 (7,481)
Receipt in advance 3,803,375
Tax payables 1,927,430 1,987,192 1,955,346
Net cash provided by (used in) operating activities (9,546,215) (3,957,879) 933,489
Cash flows from investing activities:      
Purchases of equipment (4,478,728) (4,303) (12,150)
Loss of disposal of subsidiaries (48,513)
Loans to third parties (4,867,880) (1,036,823)
Collection from loans to related parties 2,012,719
Proceeds from disposal of equipment 4,942 24,186 6,638
Net cash (used in) provided by investing activities (9,390,179) 995,779 (5,512)
Cash flows from financing activities:      
Proceeds from short-term bank borrowings 8,000,000 2,807,232 3,423,294
Repayment of short-term bank borrowings (2,949,566) (2,545,021) (2,937,480)
Proceeds from short-term borrowings from guarantor 251,484
Proceeds from long-term bank borrowings 2,805,167
Repayment of long-term bank borrowings (91,021)
Loans from other financial institution 938,524 326,188 1,384,466
Repayments of loans from other financial institutions (545,085) (774,492) (589,470)
Receive investment funds 6,449,265
Advanced from related parties 7,815,352 4,772,348 263,976
Repayments to related parties (2,288,240) (1,791,509) (2,390,802)
Net cash provided by (used in) financing activities 20,225,417 3,046,230 (937,037)
Effect of exchange rate change on cash (54,682) (80) (2,879)
Net decrease in cash and restricted cash 1,234,341 84,050 (11,939)
Cash and restricted cash at beginning of the year 173,781 89,731 101,670
Cash and restricted cash at end of the year 1,408,122 173,781 89,731
Supplemental disclosure of cash flow information:      
Interest paid 263,349 182,892 154,047
Income tax paid 169,698 66,793 27,461
Supplemental non-cash investing and financing information:      
Proceeds from disposal of revenue equipment collected by a related party 26,052 6,927 32,767
Purchase of revenue equipment paid by a related party 20,438 123,872 45,957
Offset between a related party and receipt in advance 796,226
Offset between amounts due from related parties and amounts due to related parties 9,600 1,723,255 1,129,080
Offset between related parties and prepayment to suppliers 7,832,742 2,784,171
Proceeds from disposal of subsidiaries 1,379,000
Borrowings from a related party to pay deferred offering cost 9,604 67,368 109,617
Offset between prepayment and receipts in advance 2,985,010
Reconciliation to amounts on consolidated balance sheets:      
Cash 1,404,626 170,431 86,287
Restricted cash 3,496 3,350 3,444
Total $ 1,408,122 $ 173,781 $ 89,731