SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

9. SEGMENT INFORMATION

The Company operates in Mainland China. Due to the integrated structure of the Company’s business, the Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The Company determined it has one reportable segment, as the CODM regularly reviews operations and financial performance on an aggregate basis at a consolidated level for the purposes of allocating resources and to make business decisions.

The following table provides information about the Company’s segment:

	For the three months ended June 30,
	2025			2024
Segment revenue	$	19,097		$	244
Less:
Cost of inventories		(13,824	)		(262	)
Salaries and related costs		(37,910	)		(37,631	)
Depreciation		(6,649	)		(6,641	)
Legal and professional fees		(44,358	)		(47,048	)
Other segment items		(1,515	)		(1,828	)
Segment loss		(85,159	)		(93,166	)
Reconciliation:
Other operating expenses		2			3
Net loss	$	(85,157	)	$	(93,163	)

	For the six months ended June 30,
	2025			2024
Segment revenue	$	163,830		$	157,135
Less:
Cost of inventories		(117,062	)		(113,625	)
Salaries and related costs		(74,162	)		(75,939	)
Depreciation		(13,260	)		(13,344	)
Legal and professional fees		(164,481	)		(152,746	)
Other segment items		(2,261	)		(2,544	)
Segment loss		(207,396	)		(201,063	)
Reconciliation:
Other operating expenses		32			108
Net loss	$	(207,364	)	$	(200,955	)