XML 87 R65.htm IDEA: XBRL DOCUMENT v3.25.1
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)
1 Months Ended 12 Months Ended
Mar. 20, 2025
Mar. 10, 2025
Sep. 01, 2024
May 01, 2023
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Prepaid expenses             $ 40 $ 12,285
Loan receivables from non-related parties [1]             2,000,000 2,200,000
Other receivables from non-related parties [2]             3,053,784 3,000,000
Total prepaid expenses and other current assets             5,053,824 $ 5,212,285
Business consideration       $ 120,000        
Original Loan Agreement [Member] | Honor Star Ventures Limited [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Interest payments             100,000  
Server Procurement Project Contract [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Total price consideration     $ 2,000,000          
Total price consideration             $ 1,000,000  
Server Procurement Project Contract [Member] | Contract Termination [Member] | Subsequent Event [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Proceeds from advance payment $ 1,000,000              
Share Purchase Agreement [Member] | Subsequent Event [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Business consideration, shares   $ 16,000            
Business consideration   $ 160,000     $ 80,000 $ 80,000    
[1] On December 12, 2023, considering the potential business cooperation prospects with Honor Star Ventures Limited in Hong Kong, our holding company MFH Cayman agreed to provide a loan of $2 million to Honor Star Ventures Limited, with a loan term of one year and an annual interest rate of 5%. On December 14, 2024, MFH Cayman signed a supplementary agreement to the original loan agreement with Honor Star, agreeing to extend the maturity date of the original loan agreement by 12 months. As of December 31, 2024, MFH Cayman had received a total of $100,000 in interest payments from Honor Star as stipulated in the original loan agreement.
[2] According to the loan agreement signed by our US subsidiary MFH Tech and Huangtong on January 18, 2024, and the two supplementary agreements signed on April 5, 2024 and April 30, 2024, MFH Tech borrowed 196,000 Filecoins (actually received) from Huangtong. These Filecoins are also utilized to meet the pledge requirements for expanding MFH Tech’s Filecoin mining nodes. The loan also carries an annual interest rate of 5%. Furthermore, MFH Tech has provided a mortgage deposit of $1,500,000 as collateral for the loans, which was paid to Huangtong in July 2024.