Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Summary of Significant Accounting Policies [Abstract] |
|
| Schedule of Carrying Amount of this VIE’S Assets and Liabilities |
The carrying amount of this VIE’s
assets and liabilities before elimination of intercompany balances and transactions between the parent company, non-VIE subsidiaries,
VIE and VIE’s subsidiaries are as follows:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Current assets | |
$ | 12,861,763 | | |
$ | 17,497,021 | |
| Total non-current assets | |
$ | 5,878,739 | | |
$ | 8,214,924 | |
| Total assets | |
$ | 18,740,502 | | |
$ | 25,711,945 | |
| Total current liabilities | |
$ | 46,322,309 | | |
$ | 43,316,299 | |
| Total non-current liability | |
$ | 881,051 | | |
$ | 1,520,059 | |
|
| Schedule of Operating Results of the VIEs |
| | |
For the years ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Revenue | |
$ | 161,535,971 | | |
$ | 132,090,026 | | |
$ | 160,009,293 | |
| Operating expenses | |
$ | 163,977,758 | | |
$ | 139,298,705 | | |
$ | 170,094,956 | |
| Net loss | |
$ | (3,698,695 | ) | |
$ | (7,120,033 | ) | |
$ | (10,689,357 | ) |
|
| Schedule of Cash Flow of the VIE's |
| | |
For the years ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Net cash (used in) provided by operating activities | |
$ | (498,177 | ) | |
$ | 1,163,125 | | |
$ | (12,776,353 | ) |
| Net cash used in investing activities | |
$ | (12,413 | ) | |
$ | (123,961 | ) | |
$ | (42,383 | ) |
| Net cash used in (provided by) financing activities | |
$ | (1,433,001 | ) | |
$ | (542,349 | ) | |
$ | 928,259 | |
| Net increase (decrease) in cash | |
$ | (1,835,531 | ) | |
$ | 902,910 | | |
$ | (12,127,610 | ) |
|
| Schedule of Estimated Useful Lives |
Depreciation is computed on a straight-line basis
over the estimated useful lives of the related assets. The estimated useful lives for significant property and equipment are as follows:
| |
|
Useful
lives |
| Electronic equipment |
|
3~5 years |
| Office furniture |
|
5 years |
| Leasehold improvement |
|
5 years |
| Vehicles |
|
4 years |
|