XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(LOSS) (Unaudited)        
REVENUE (Including $16,109 and $7,737 of revenue from related parties for the three month period ended June 30, 2025 and 2024, respectively, and $32,179 and $41,823 of revenue from related parties for the six month period ended June 30, 2025 and 2024, respectively) $ 2,260,253 $ 1,974,564 $ 4,397,328 $ 4,356,415
COST OF REVENUE (Including $2,307 and $28,766 of cost of revenue from related parties for the three month period ended June 30, 2025 and 2024, respectively, and $2,307 and $105,980 of cost of revenue from related parties for the six month period ended June 30, 2025 and 2024, respectively) (1,892,231) (1,685,844) (3,685,813) (3,702,664)
GROSS PROFIT 368,022 288,720 711,515 653,751
OTHER INCOME        
Dividend income 8,626 11,881 17,560 20,827
Interest income 29,768 49,739 53,336 78,722
Fair value gain on investments in equity securities 23,742 88,532 28,256 173,317
Gain on disposal of investments in equity securities 0 8,117 0 14,298
Reversal of expected credit losses 69,759 552,663 94,912 584,415
Others 77,566 19,173 106,817 60,373
TOTAL OTHER INCOME 209,461 730,105 300,881 931,952
OPERATING EXPENSES        
Sales and marketing (608,427) (136,494) (1,149,122) (290,365)
Research and development (12,557) (8,198) (24,696) (19,673)
General and administrative (Including $1,012 and $Nil of rental expenses to related party for the three month period ended June 30, 2025 and 2024, respectively, and $2,056 and $Nil of rental expenses to related party for the six month period ended June 30, 2025 and 2024, respectively) (516,790) (558,829) (908,666) (874,623)
Fair value loss on investments in equity securities (51,002) (56,136) (119,499) (100,433)
Provision for expected credit losses 0 0 (40,124) (120,469)
TOTAL OPERATING EXPENSES (1,188,776) (759,657) (2,242,107) (1,405,563)
(LOSS)/PROFIT FROM OPERATIONS (611,293) 259,168 (1,229,711) 180,140
FINANCE COSTS (4,879) (4,480) (9,788) (9,141)
(LOSS)/PROFIT BEFORE TAX (616,172) 254,688 (1,239,499) 170,999
Tax expense 0 (55,584) 0 (75,652)
NET (LOSS)/PROFIT ATTRIBUTABLE TO COMMON SHAREHOLDERS (616,172) 199,104 (1,239,499) 95,347
Other comprehensive income/(loss)        
Foreign currency translation gain/(loss) 367,078 2,463 439,237 (207,445)
COMPREHENSIVE (LOSS)/PROFIT $ (249,094) $ 201,567 $ (800,262) $ (112,098)
Earnings per share - Basic and diluted $ (0.343) $ 0.113 $ (0.690) $ 0.054
Weighted average number of common stocks outstanding, Basic and Diluted # 1,796,597 1,766,766 1,796,597 1,766,766