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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,483,906 $ 12,547,168
Restricted cash, current 154,422 273,291
Short-term investment 0 5,505
Accounts receivable, net 1,281,238 3,281,865
Inventories, net 21,935,893 24,012,504
Prepayment and other current assets 15,013,263 18,075,415
Amounts due from related parties, current $ 37,705 $ 11,729
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Assets held for sale, current $ 2,726,690 $ 7,708,969
Total current assets 45,633,117 65,916,446
Non-current assets:    
Long-term time deposit 0 700,000
Long-term investments 3,853,261 3,710,663
Investment in equity securities 0 26,604,319
Property, plant and equipment, net 15,916,725 17,401,006
Intangible assets, net 6,143,776 6,225,302
Right-of-use assets 1,855,267 9,948,831
Other non-current assets, net 1,027,144 2,059,747
Total non-current assets 28,796,173 66,649,868
Total Assets 74,429,290 132,566,314
Current liabilities:    
Accounts payable 5,532,563 5,135,710
Short-term loans and current portion of long-term loans 1,259,813 249,614
Accrued expenses and other current liabilities 8,348,095 3,647,503
Contractual liabilities 3,021,544 4,121,305
Operating lease liabilities, current 1,434,441 3,426,067
Convertible promissory notes 3,955,897 9,952,000
Deferred government grant, current 110,378 100,060
Amounts due to a related party $ 889,675 $ 26,226
Other Liability, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Liabilities held for sale, current $ 2,103,088 $ 2,455,539
Total current liabilities 26,655,494 29,114,024
Non-current liabilities:    
Long-term loans 1,214,054 362,386
Deferred tax liabilities 142,312 171,558
Deferred government grant, non-current 1,738,449 1,776,957
Derivative liability - investor warrant 0 12,137,087
Derivative liability - placement agent warrant 3,457,055 3,455,829
Operating lease liabilities, non-current 841,449 7,588,971
Total non-current liabilities 7,393,319 25,492,788
Total Liabilities 34,048,813 54,606,812
Commitments and contingencies
EQUITY    
Common stock ($0.0001 par value; 1,465,214 and 514,444 shares issued and outstanding as of December 31, 2025 and 2024, respectively) [1] 147 51
Additional paid in capital 437,740,047 405,757,052
Accumulated deficit (391,872,087) (318,890,314)
Accumulated other comprehensive loss (5,585,439) (9,029,499)
Total equity attributable to shareholders 40,282,668 77,837,290
Non-controlling interests 97,809 122,212
Total Equity 40,380,477 77,959,502
Total Liabilities and Equity $ 74,429,290 $ 132,566,314
[1] On April 13, 2026, the Company effected a 1-for-60 reverse stock split of its issued and outstanding common stock (the “Reverse Stock Split”). As a result of the Reverse Stock Split, every sixty (60) shares of the Company’s common stock were automatically combined into one (1) share of common stock, with any fractional shares rounded up to the nearest whole share.