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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 62,480,801 $ 82,272,479
Restricted cash 4,283,608 4,351,692
Prepayment and other current assets, net 39,175,392
Total current assets 105,939,801 86,624,171
Non-current assets    
Non-marketable investment, net
Total non-current assets
Total assets 105,939,801 86,624,171
Current liabilities    
Accrued expenses and other payables 1,543,959 1,357,964
Advance from customers 4,283,608 4,351,692
Tax payables 23,661 15,004
Total current liabilities 5,851,228 5,724,660
Non-current liabilities    
Convertible loan 20,000,000
Total liabilities 25,851,228 5,724,660
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Common stock (90,000,000 Class A shares authorized; $0.005 par value;5,065,150 shares issued and outstanding as of June 30, 2025 and December 31, 2024) 25,326 25,326
Additional paid-in capital 109,539,147 109,539,147
Accumulated deficit (29,475,900) (28,664,962)
Total shareholders’ equity 80,088,573 80,899,511
Total liabilities and shareholders’ equity $ 105,939,801 $ 86,624,171