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Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 6,985,841 $ 8,164,080
Restricted cash 1,538,462 2,192,015
Accounts receivable, net 5,323,836 12,802,626
Contract assets, net 397,729 1,057,671
Prepayments and other current assets, net 68,911 67,822
Total current assets 14,368,488 24,396,402
Non-current assets    
Property, plant, and equipment, net 113,407 127,386
Right-of-use assets 78,782 130,134
Prepayments for the acquisition of office premises 1,014,208
Total non-current assets 1,206,397 257,520
TOTAL ASSETS 15,574,885 24,653,922
Current Liabilities    
Accounts payable 3,977,765 11,307,340
Contract liabilities 488 1,525
Other payables and accrued liabilities 283,548 445,333
Provisions for compensation and penalty 1,574,240
Tax payables 17,465 17,465
Lease liabilities – current 79,342 101,947
Dividend payables 54,821 54,821
Total current liabilities 4,533,393 13,831,056
Non-current liability    
Lease liabilities – non-current 29,378
Total non-current liability 29,378
TOTAL LIABILITIES 4,533,393 13,860,434
COMMITMENTS AND CONTINGENCIES
EQUITY    
Ordinary shares, par value $0.0008 per share, 500,000,000 shares authorized; 3,247,117 issued and outstanding as ofDecember 31, 2024 and June 30, 2025, respectively* [1] 2,598 2,598
Additional paid-in capital 11,238,731 10,575,529
Retained earnings (Accumulated losses) (283,531) 133,277
Accumulated other comprehensive loss (41,439) (41,439)
Total shareholders’ equity 10,916,359 10,669,965
Non-controlling interest 125,133 123,523
TOTAL EQUITY 11,041,492 10,793,488
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 15,574,885 24,653,922
Related Party    
Current assets    
Accounts receivable – related parties 53,709 112,188
Current Liabilities    
Accounts payable – related parties 74,964 221,098
Amounts due to related parties $ 45,000 $ 107,287
[1] The share data has been retroactively restated to reflect the current capital structure of the Company.