INVESTMENT IN EQUITY SECURITIES

12 Months Ended

Dec. 31, 2025

INVESTMENT IN EQUITY SECURITIES [Abstract]

NOTE 8 – INVESTMENT IN EQUITY SECURITY

Investment in equity security consisted of the following:

	December 31, 2025		December 31, 2024

MineOne Fix Income Investment I L.P ⁽¹⁾	$	-	$	26,604,319
Total investment in equity security		-		26,604,319
Less: investment in equity security, held for discontinued operations		-		-
Investment in equity security, held for continuing operations	$	-	$	26,604,319

(1)

On October 12, 2022, the Company entered into a subscription agreement with MineOne Partners Limited, a partnership incorporated in the British Virgin Islands, for purchase of $25 million partnership shares in MineOne Fix Income Investment I L.P (“MineOne”), over which MineOne Partners Limited is the General Partner. The Company held 100% of the limited partnership equity of MineOne and was entitled to a fixed return of 5% per annum on the investment amount, and had the rights to sell all or any portion of its partnership interest after the second anniversary of the investment if the Company gave at least ten business days’ prior notice to the General Partner and received the consent of General Partner (“GP”). MineOne focuses on private credit loans, convertible bridge, and personal factoring. The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. The private equity fund is measured at fair value with gains and losses recognized in earnings.

For the years ended December 31, 2025 and 2024, the Company received distribution of nil and $500,000 of investment in MineOne, respectively.

The Company evaluates whether NAV remains representative of fair value at each reporting date, considering, among other factors, liquidity restrictions, the financial condition of the investee, and the ability to realize returns and concluded that the reported NAV was not representative of fair value as of the balance sheet date. Accordingly the Company reassessed the fair value of the investment using a market participant perspective and considered the lack of observable market transactions and significant uncertainty regarding recoverability, with a conclusion reached that the fair value of the investment to be fully reduced to nil as of December 31, 2025.