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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
(Loss)/Profit for the period $ (8,195,986) $ 601,986
Adjustments for:    
Depreciation of property and equipment (Note 7) 89,044 64,461
Depreciation of right-of-use assets (Note 6) 227,394 94,508
Provision for allowance for credit losses (Note 4) 66,561 62,425
Impairment loss of intangible asset 4,063,000 0
Fair value adjustment of warrant liabilities 24,075 (55,125)
Share-based compensation 3,573,000 0
Finance cost 367,270 191,142
Income tax expenses (Note 18) 123,038 90,838
Total adjustments 337,396 1,050,235
Changes in operating assets and liabilities:    
Trade receivables (191,922) (838,353)
Trade and other payables (936,465) (124,991)
Amount due to related parties (22,380) (3,212)
Prepayment and other current assets 368,512 (2,415,605)
Cash used in operations (444,859) (2,331,926)
Interest paid (232,386) (164,451)
Income tax paid (9,510) (36,462)
Net cash used in operating activities (686,755) (2,532,839)
Investing activities    
Purchase of property and equipment (Note 7) (131,352) (98,814)
Acquisition of subsidiaries, net cash acquired 818,107 0
Net cash provided by (used in) investing activities 686,755 (98,814)
Financing activities    
Issuance of Class A ordinary shares in connection with IPO 0 3,922,650
Transfer from treasury shares 71,157 0
Proceeds from guaranteed bank and financial institution loans 588,003 0
Loan from a third party 342,600 0
Loan from a shareholder 825,077 0
Loan to a related party (108,663) 0
Payment of lease liabilities (262,805) (107,570)
Repayment of guaranteed bank loans (571,234) (470,977)
Net cash provided by financing activities 884,135 3,344,103
Effect of foreign exchange of cash (148,693) (101,516)
Net increase in cash 735,442 610,934
Cash balances at beginning of periods 836,907 467,235
Cash balances at end of periods $ 1,572,349 $ 1,078,169