| Schedule of Except for Those Separately Disclosed in the Consolidated Financial Statements |
As of December 31, 2025 and 2024, there were
no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those separately
disclosed in the consolidated financial statements, if any.
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| ASSETS | |
| | |
| |
| Current assets: | |
| | |
| |
| Cash | |
$ | 59,533 | | |
$ | 20,661 | |
| Due from VIE | |
| 2,315,853 | | |
| 2,754,618 | |
| Non-current assets | |
| | | |
| | |
| Investment in subsidiaries and VIE | |
| 18,178,437 | | |
| 20,577,070 | |
| | |
| | | |
| | |
| Total assets | |
$ | 20,553,823 | | |
$ | 23,352,349 | |
| | |
| | | |
| | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| | | |
| | |
| | |
| | | |
| | |
| LIABILITIES | |
| | | |
| | |
| Due to VIE | |
$ | 5,909,287 | | |
| 5,909,287 | |
| Accounts payable | |
| 233,125 | | |
| 211,000 | |
| Other payable | |
| 148,737 | | |
| 96,000 | |
| Due to related parties | |
| 2,782,381 | | |
$ | 221,881 | |
| Accrued expenses and other liabilities | |
| 26,000 | | |
| - | |
| Total liabilities | |
| 9,099,530 | | |
| 6,438,168 | |
| | |
| | | |
| | |
| STOCKHOLDERS’ EQUITY | |
| | | |
| | |
| Common stock, $0.0016 par value, 450,000,000 shares authorized, 2,376,131 and 2,170,475 issued and outstanding at December 31, 2025 and 2024, respectively | |
| 3,802 | | |
| 3,473 | |
| Preferred stock, $0.0016 par value, 50,000,000 shares authorized, 46,875 issued and outstanding at December 31, 2024 and 2023, respectively | |
| 75 | | |
| 75 | |
| Additional paid-in capital | |
| 53,176,314 | | |
| 52,687,182 | |
| Statutory reserve | |
| 394,541 | | |
| 394,541 | |
| Accumulated deficit | |
| (40,283,230 | ) | |
| (34,003,726 | ) |
| Accumulated other comprehensive loss | |
| (1,837,209 | ) | |
| (2,167,364 | ) |
| Total stockholders’ equity | |
| 11,454,293 | | |
| 16,914,181 | |
| | |
| | | |
| | |
| Total liabilities and stockholders’ equity | |
$ | 20,553,823 | | |
$ | 23,352,349 | |
|
| Schedule of Parent Company Statements of Operations and Comprehensive Loss |
| | |
For the Years Ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| GENERAL AND ADMINISTRATIVE EXPENSES | |
$ | (1,049,101 | ) | |
$ | (579,382 | ) | |
$ | (596,098 | ) |
| OTHER INCOME | |
| (1,615 | ) | |
| (1,466 | ) | |
| - | |
| EQUITY IN LOSS OF SUBSIDIARIES AND VIE | |
| (5,227,710 | ) | |
| (7,421,796 | ) | |
| (10,923,835 | ) |
| | |
| | | |
| | | |
| | |
| NET LOSS | |
| (6,278,426 | ) | |
| (8,002,644 | ) | |
| (11,519,933 | ) |
| FOREIGN CURRENCY TRANSLATION ADJUSTMENT | |
| 330,148 | | |
| (319,474 | ) | |
| (897,642 | ) |
| COMPREHENSIVE LOSS | |
$ | (5,948,278 | ) | |
$ | (8,322,118 | ) | |
$ | (12,417,575 | ) |
|
| Schedule of Parent Company Statements of Cash Flows |
| | |
For the Years Ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |
| | |
| | |
| |
| Net loss | |
$ | (6,278,426 | ) | |
$ | (8,002,644 | ) | |
$ | (11,519,933 | ) |
| Adjustments to reconcile net cash flows from operating activities: | |
| | | |
| | | |
| | |
| Share-based compensation | |
| - | | |
| - | | |
| 129,690 | |
| Equity in losses of subsidiaries and VIE | |
| 5,227,710 | | |
| 7,421,796 | | |
| 10,923,835 | |
| Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
| Accounts payable | |
| 74,861 | | |
| 211,000 | | |
| - | |
| Share-based compensation | |
| 489,461 | | |
| - | | |
| - | |
| Other payable | |
| 26,000 | | |
| 96,000 | | |
| - | |
| Net cash used in operating activities | |
| (460,394 | ) | |
| (273,848 | ) | |
| (466,408 | ) |
| | |
| | | |
| | | |
| | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |
| | | |
| | | |
| | |
| Due from subsidiaries and VIE | |
| 438,765 | | |
| 290,910 | | |
| 109,959 | |
| Investment in subsidiaries and VIE | |
| (2,500,000 | ) | |
| - | | |
| - | |
| Net cash provided by (used in) investing activities | |
| (2,061,235 | ) | |
| 290,910 | | |
| 109,959 | |
| | |
| | | |
| | | |
| | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |
| | | |
| | | |
| | |
| Proceeds from related party loans | |
| 2,560,500 | | |
| - | | |
| 190,500 | |
| Net cash provided by financing activities | |
| 2,560,500 | | |
| - | | |
| 190,500 | |
| | |
| | | |
| | | |
| | |
| CHANGES IN CASH | |
| 38,871 | | |
| 17,062 | | |
| (165,949 | ) |
| | |
| | | |
| | | |
| | |
| CASH, beginning of year | |
| 20,662 | | |
| 3,600 | | |
| 169,549 | |
| | |
| | | |
| | | |
| | |
| CASH, end of year | |
$ | 59,533 | | |
$ | 20,662 | | |
$ | 3,600 | |
|