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Related Party Transactions
3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 11 — RELATED PARTY TRANSACTIONS

 

Net Revenues — Related Party

 

Name of Related Party  Nature  Relationship  Three Months
Ended
March 31,
2025
   Three Months
Ended
March 31,
2024
 
Haiyan Ma  Revenue from property purchases and sales through Cash Offer  The Company’s shareholder  $
  —
   $924,544 
Na Li  Real estate service revenue – real estate agency commission  Chief Financial Officer and Director   97,560    
 
Total        $97,560   $924,544 

 

For the three months ended March 31, 2025, the Company provided real estate agency services to Na Li, assisting with the sale of a property. The Company earned $126,000 in real estate agency commission from Na Li but paid a referral fee of $28,440 to Haiyan Ma for introducing the buyer, resulting in net revenue of $97,560 recognized on a net basis.

 

For the three months ended March 31, 2024, the Company acquired a property for $915,662 in cash from an unrelated party, holding title in its name, and subsequently sold the property to Haiyan Ma for $924,544.

 

Due to Related Party

 

Name of Related Party  Nature  Relationship  March 31,
2025
   December 31,
2024
 
Zhen Qin  Due on demand, non-interest bearing  The Company’s major shareholder, Chairman of the Board and Chief Executive Officer  $
   $55,000 
Total        $
 —
   $55,000 

 

On May 1, 2024, Zhen Qin lent $530,000 to the Company to support its operational needs. As of March 31, 2025, the Company had fully repaid the outstanding balance to Zhen Qin, resulting in no amount due to the related party. As of December 31, 2024, the Company had repaid $475,000 to Zhen Qin, leaving an outstanding balance of $55,000.