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Interim Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 25,159,033 $ 23,915,856
Security deposit 93,718 93,475
Clearing deposit 100,445
Short-term investments 2,069,569 957,729
Accounts receivable 98,942
Accrued revenue 19,934
Interest receivable 104,303 3,825
Prepaid expenses and other current assets, net 4,849,474 5,053,824
Total current assets 32,495,418 30,024,709
Non-current assets:    
Operating right-of-use assets, net 79,443 238,330
Property and equipment, net 1,500,000 2,257,794
Intangible assets, net 1,664,790 3,139,896
Deferred tax assets 43,918 30,584
Other long-term investments 800,000
Total non-current assets 4,088,151 5,666,604
TOTAL ASSETS 36,583,569 35,691,313
Current liabilities:    
Bonds payable 3,500,000 7,500,000
Interest payable 123,350 419,005
Deferred revenue 800,000
Accrued expenses and other current liabilities 1,629,265 2,466,436
Operating lease liabilities 94,998 282,279
Total current liabilities 7,135,169 11,577,295
Non-current liabilities:    
Deferred tax liabilities 25,200 25,200
Total non-current liabilities 25,200 25,200
TOTAL LIABILITIES 7,160,369 11,602,495
Shareholders’ equity:    
Ordinary shares ($0.004 par value, 1,000,000,000 shares authorized as of June 30, 2025, 63,711,562 and 62,299,897 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) 254,865 249,218
Additional paid-in capital 711,428,270 703,098,695
Accumulated deficit (683,437,402) (680,448,810)
Accumulated other comprehensive income 1,177,467 1,189,715
Total shareholders’ equity 29,423,200 24,088,818
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 36,583,569 35,691,313
Related Party [Member]    
Current liabilities:    
Amounts due to related parties $ 987,556 $ 909,575