Segment Information

9 Months Ended

Sep. 30, 2025

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 14 – SEGMENT INFORMATION

Reportable Segments

The Company operates as a single reportable segment, which is consistent with how the Chief Operating Decision Maker (“CODM”), the Chief Executive Officer, allocates resources and assesses performance. The Company’s operations are centralized and integrated, with financial results reviewed and managed on a consolidated basis. Accordingly, management has determined that the Company has one reportable segment under ASC Topic 280, Segment Reporting.

Measure of Segment Profit or Loss

The CODM reviews financial information on a consolidated basis, using Net Income as the primary measure of segment performance to monitor budget versus actual results and decide where to allocate and invest additional resources to achieve continued growth. Net Income is defined as revenue less cost of goods sold and operating expenses, and other segment items (including interest income, interest expense, other income and other expenses), and income taxes.

Significant Segment Expense Categories Provided to the CODM

The CODM regularly receives and reviews the following expense categories, which are included in the segment’s measure of profit or loss.

	For the three months ended September 30,						For the nine months ended September 30,
	2024			2025			2024			2025
Revenues	$	—		$	1,788,205		$	—		$	1,788,205
Cost of revenues		—			(981,356	)		—			(981,356	)
Operating expenses
– Payroll and welfare expenses		(10,000	)		(344,621	)		(92,000	)		(455,287	)
– Professional service expenses		(556,983	)		(411,422	)		(1,150,128	)		(988,576	)
– Rental and related expenses		—			(9,000	)		—			(27,000	)
– Share-based compensation expense		—			(44,367,409	)		—			(44,367,409	)
Other income		2,303,789			34,736,876			17,899,568			430,398,332
Income tax expenses		(364,730	)		(7,303,523	)		(2,666,078	)		(90,244,207	)
Net income (loss)	$	1,372,076		$	(16,892,250	)	$	13,991,362		$	295,122,702