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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 7,236,798 $ 9,311,537
Short-term investments 22,932,540 8,837,445
Accounts receivable, net 1,385,761 2,118,738
Advances to suppliers, net 11,315 338,166
Inventories, net 154,471 219,505
Loans receivable 958,996 3,608,289
Prepaid expenses and other current assets 1,506,297 352,919
Total current assets 34,186,178 24,786,599
Non-current assets    
Non-current accounts receivable 2,227,089 4,597,214
Non-current advance to a third party 410,509
Non-current loan receivable 4,383,982 4,227,079
Property, equipment and software, net 744,941 403,330
Operating lease right-of-use assets 3,309
Long-term investments   1,000,000
Total non-current assets 7,356,012 10,641,441
Total Assets 41,542,190 35,428,040
Current liabilities    
Accounts payable 255,950 532,130
Advances from customers 11,034 4,616
Loan payable 479,498 493,159
Deferred revenue 55,720 166,760
Taxes payable 1,680,476 1,917,647
Accrued expenses and other current liabilities 130,691 255,131
Operating lease liabilities 3,309
Total current liabilities 2,613,369 3,372,752
Non-current Liabilities    
Loan payable, non-current 2,054,992 2,113,539
Deferred income tax liabilities, non-current 1,598,909 1,604,163
Total non-current liabilities 3,653,901 3,717,702
Total Liabilities 6,267,270 7,090,454
Commitments and Contingencies
Shareholders’ Equity    
Ordinary Shares, value 1,439
Additional paid-in capital 24,920,060 16,721,551
Statutory reserve 836,215 836,215
Retained earnings 10,491,058 11,387,748
Accumulated other comprehensive loss (975,343) (609,367)
Total Shareholders’ Equity 35,274,920 28,337,586
Total Liabilities and Shareholders’ Equity 41,542,190 35,428,040
Class A Ordinary Shares    
Shareholders’ Equity    
Ordinary Shares, value 2,111
Class B Ordinary Shares    
Shareholders’ Equity    
Ordinary Shares, value $ 819