v3.26.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net loss $ (6,278,426) $ (8,002,644) $ (11,519,933)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 211,465 530,858 479,081
Loss from long-term investment 978,482 105,464 478,403
Allowance for credit losses 441,951 442,974 507,798
Reversal of credit losses (778,768) (338,660)
Loss form termination of right-of use assets 819,842 1,120,427
Amortization of right-of-use assets 642,258 1,443,556 1,305,386
(Reversal) allowance for inventory obsolescence (117,089) 235,674 (438,949)
Deferred income taxes 478,412 30,583 129,760
Share-based compensation 489,461 129,690
Property and equipment written off 96,947 49,855
Changes in operating assets and liabilities:      
Accounts receivables 1,685,051 438,115 3,184,915
Accounts receivable - related Parties 46,782 232,236
Inventories 2,659,803 (501,890) 5,197,234
Advance to suppliers 261,662 3,219,853 18,070,744
Advance to suppliers - related parties (2,977,234) 7,025,939 (9,924,991)
Prepaid expenses and other current assets 533,134 (447,774) 241,799
Accounts payables (245,413) (1,630,249) (2,413,634)
Accounts payables - related parties (65,945) (122,836) (1,572,497)
Contract liabilities 170,943 50,145 (15,711,320)
Operating lease liabilities (1,357,938) (2,628,688) (1,241,153)
Taxes payable 14,582 13,915 (41,673)
Accrued expenses and other liabilities 124,558 101,801 (295,922)
Net cash (used in) provided by operating activities (1,530,441) 790,184 (13,491,831)
Cash flows from investing activities:      
Long-term investment in an equity method investee (25,473)
Purchase of intangible assets (6,371) (4,864)
Purchase of equipment (12,413) (117,590) (12,046)
Net cash used in investing activities (12,413) (123,961) (42,383)
Cash flows from financing activities:      
Proceeds from short-term loans 425,731
Repayment of short-term loans   (421,248) (2,412,477)
Proceeds from related party loans 2,560,500 403,249 353,761
Repayment of related party loans (569,478)    
Net cash provided by (used in) financing activities 1,991,022 (17,999) (1,632,985)
Effect of exchange rate changes on cash 107,746 286,415 (300,622)
Net increase (decrease) in cash 555,914 934,639 (15,467,821)
Cash, beginning of year 2,184,920 1,250,281 16,718,102
Cash, end of year 2,740,834 2,184,920 1,250,281
Cash 2,740,834 2,184,920 1,250,281
Total cash 2,740,834 2,184,920 1,250,281
Supplemental disclosure information:      
Cash paid for income tax 103 2,719
Cash paid for interest 29,721 76,049
Supplemental non-cash activities:      
Cash paid in prior year for purchase of fixed assets 11,919 93,153
Long-term deferred expenses converted to intangible assets 627,408
Lease liabilities arising from obtaining right-of-use assets $ 635,624 $ 2,907,612 $ 16,848