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SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
SHARE-BASED COMPENSATION [Abstract]  
Share-based Compensation Expenses
For the six months ended June 30, 2026 and 2025, the total share-based compensation expenses were comprised of the following:

   
For the Six Months Ended June 30,
 
   
2026
   
2025
 
   
(Unaudited)
   
(Unaudited)
 
General and administrative expenses

$
597,565


$
1,285,083

Selling and marketing expenses
   
15,552
     
31,103
 
Research and development expenses
 

52,144
   

143,402
 
Total

$
665,261


$
1,459,588

Share Options Activity
A summary of share options activity for the six months ended June 30, 2026 and 2025 were as follows:

   
Number
of
Share
Options*
   
Weighted
Average
Exercise
Price
$
   
Weighted
Average
Remaining
Contractual
Years
   
Aggregate
Intrinsic
Value
$
 
Outstanding at December 31, 2024
   
28,884
     
828.2
     
3.65
     
-
 
Granted
   
-
     
-
                 
Exercised
   
-
     
-
                 
Forfeited
   
(265
)
   
1,008.0
                 
Expired
   
(1,160
)
   
431.3
                 
Outstanding at June 30, 2025 (Unaudited)
   
27,459
     
843.2
     
3.38
     
-
 
                                 
Outstanding at December 31, 2025
   
25,177
     
829.8
     
3.12
     
-
 
Granted
   
-
     
-
                 
Exercised
   
-
     
-
                 
Forfeited
   
(17
)
   
1,008.0
                 
Expired
   
(498
)
   
1,008.0
                 
Outstanding at June 30, 2026 (Unaudited)
   
24,662
     
826.0
     
2.80
     
-
 
Expected to vest at June 30, 2026 (Unaudited)
   
-
     
-
             
-
 
Exercisable as of June 30, 2026 (Unaudited)
   
24,662
     
805.6
     
2.80
     
-
 

* 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.
Fair Value Assumptions The assumptions used in the valuation model are summarized in the following table.
   
For the Six Months Ended June 30,
 
   
2026
(Unaudited)
   
2025
(Unaudited)
 
Expected volatility
 
83.41%~86.57
%
 
83.41%~86.57
%
Expected dividends yield
   
0
%
   
0
%
Risk-free interest rate per annum
 
2.97%~3.01
%  
2.97%~3.01
%
The fair value of underlying common stock (per share)
 
$
1008.0
   
$
1008.0