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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 2,812,921 $ 82,272,479
Restricted cash 4,386,659 4,351,692
Prepayment and other current assets, net 98,664,545
Total current assets 105,864,125 86,624,171
Non-current assets    
Non-marketable investment, net
Total non-current assets
Total assets 105,864,125 86,624,171
Current liabilities    
Accrued expenses and other payables 1,762,829 1,357,964
Advance from customers 4,386,659 4,351,692
Tax payable 30,451 15,004
Total current liabilities 6,179,939 5,724,660
Total liabilities 6,179,939 5,724,660
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Common stock (90,000,000 Class A shares authorized; $0.005 par value; 14,318,410 shares issued and outstanding as of December 31, 2025; 5,065,150 shares issued and outstanding as of December 31, 2024) 71,592 25,326
Additional paid-in capital 129,639,826 109,539,147
Accumulated deficit (30,027,232) (28,664,962)
Total shareholders’ equity 99,684,186 80,899,511
Total liabilities and shareholders’ equity $ 105,864,125 $ 86,624,171