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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Service revenue $ 1,788,205 $ 1,788,205
Total service revenue 1,788,205 1,788,205
Cost of revenue (981,356) (981,356)
Gross Profit 806,849 806,849
Operating expenses:        
General and administrative expense (488,975) (566,983) (1,194,795) (1,242,128)
Selling expense (276,068) (276,068)
Share-based compensation expense (44,367,409) (44,367,409) [1]
Total operating expenses (45,132,452) (566,983) (45,838,272) (1,242,128)
Loss from operations (44,325,603) (566,983) (45,031,423) (1,242,128)
Other income, net 34,736,876 2,303,789 430,398,332 17,899,568
(Loss) income before income taxes (9,588,727) 1,736,806 385,366,909 16,657,440
Income tax expenses (7,303,523) (364,730) (90,244,207) (2,666,078)
Net (loss) income from continuing operation (16,892,250) 1,372,076 295,122,702 13,991,362 [1]
Net income from discontinued operation [2] 6,296 6,296
Total comprehensive (loss) income $ (16,892,250) $ 1,378,372 $ 295,122,702 $ 13,997,658
Net comprehensive income (loss) per share, basic from continuing operation (in Dollars per share) $ (6.86) $ 39.33 $ 171.85 $ 517.8
Net comprehensive income per share, diluted from continuing operation (in Dollars per share) (6.86) 39.33 171.85 517.8
Net comprehensive income per share, basic from discontinued operation (in Dollars per share) 0.18 0.23
Net comprehensive income per share, diluted from discontinued operation (in Dollars per share) $ 0.18 $ 0.23
Weighted-average shares outstanding, basic (in Shares) [3] 2,461,018 34,882 1,717,348 27,021
Weighted-average shares outstanding, diluted (in Shares) [3] 2,461,018 34,882 1,717,348 27,021
[1] In July 2024, the Company dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative statements of cash flows for the nine months ended September 30, 2024. (Note 18)
[2] In July 2024, the Company dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative statements of change in stockholders’ equity for the three and nine months ended September 30, 2024. (Note 18)
[3] On September 16, 2025, the Company effected a 200-for-1 reverse stock split of its common stock, resulting in the consolidation of every two hundred issued and outstanding shares into one share. The reverse stock split reduced the number of outstanding shares from approximately 566,265,135 to approximately 2,865,730.