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Related Party Transactions
 9 Months Ended
Sep. 30, 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
September 30,
2025		   Three months
Ended
September 30,
2024		 
-  -  -  $               -   $             - 
-  -  -   -    - 
Haiyan Ma  Real estate service revenue – real estate agency commission  The Company’s shareholder        62,550 
Na Li  Revenue from property purchases and sales through Cash Offer  Chief Financial Officer and Director        1,670,000 
Na Li  Real estate service revenue – home renovation service  Chief Financial Officer and Director   
-
    40,500 
Zhen Qin & Na Li  Real estate service revenue – real estate agency commission  Zhen Qin:The Company’s shareholder, Chairman of the Board and Chief Executive Officer; Na Li:Chief Financial Officer and Director   
 
    50,000 
Total        $
-
   $1,823,050 

  

For the three months ended September 30, 2024, the Company provided real estate agency services to Haiyan Ma, assisting with the sale of two properties and the purchase of one property, for which the Company earned a total of $62,550 in real estate agency commission.

 

For the three months ended September 30, 2024, the Company purchased a property in cash for $1,425,930 from Haiyan Ma under its name and subsequently sold it to Na Li for $1,670,000.

 

For the three months ended September 30, 2024, the Company provided home renovation services to Na Li on a home renovation project, for which the Company earned $40,500 in home renovation service revenue and incurred $37,945 in renovation costs.

 

For the three months ended September 30, 2024, the Company provided real estate agency services to Zhen Qin and Na Li, assisting with the purchase of a property, for which the Company earned $50,000 in real estate agency commission.

 

Name of Related Party  Nature  Relationship  Nine months
Ended
September 30,
2025		   Nine months
Ended
September 30,
2024		 
Haiyan Ma  Revenue from property purchases and sales through Cash Offer  The Company’s shareholder  $
-
   $2,940,544 
Haiyan Ma  Real estate service revenue – real estate agency commission  The Company’s shareholder   
-
    62,650 
Haiyan Ma  Real estate service revenue – home renovation service  The Company’s shareholder   
-
    53,012 
Na Li  Revenue from property purchases and sales through Cash Offer  Chief Financial Officer and Director   
-
    1,670,000 
Na Li  Real estate service revenue – real estate agency commission  Chief Financial Officer and Director   97,560    
-
 
Zhen Qin & Na Li  Real estate service revenue – real estate agency commission  Zhen Qin:The Company’s shareholder, Chairman of the Board and Chief Executive Officer; Na Li:Chief Financial Officer and Director   
-
    50,000 
Na Li  Real estate service revenue – home renovation service  Chief Financial Officer and Director   
-
    44,500 
Two minority shareholders  Real estate service revenue – real estate agency commission  The Company’s shareholder   
-
    15,550 
Total        $97,560   $4,836,256 

For the nine months ended September 30, 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 nine months ended September 30, 2024, the Company purchased three properties in cash for $2,884,882 under the Company’s name, and subsequently sold them to Haiyan Ma for $2,940,544.

 

For the nine months ended September 30, 2024, the Company provided real estate agency services to Haiyan Ma, assisting with the sale of two properties and the purchase of one property, for which the Company earned a total of $62,650 in real estate agency commission.

 

For the nine months ended September 30, 2024, the Company provided home renovation services to Haiyan Ma on three home renovation projects, for which the Company earned $53,012 in home renovation service revenue and incurred $43,332 in renovation costs.

 

For the nine months ended September 30, 2024, the Company purchased a property in cash for $1,425,930 from Haiyan Ma under its name and subsequently sold it to Na Li for $1,670,000.

 

For the nine months ended September 30, 2024, the Company provided home renovation services to Na Li on two home renovation projects, for which the Company earned $44,500 in home renovation service revenue and incurred $39,245 in renovation costs.

 

For the nine months ended September 30, 2024, the Company provided real estate agency services to Zhen Qin and Na Li, assisting with the purchase of a property, for which the Company earned $50,000 in real estate agency commission.

 

For the nine months ended September 30, 2024, the Company provided real estate agency services to two minority shareholders, assisting one shareholder in selling the property and the other shareholder in purchasing the property, for which the Company earned real estate agency commission of $15,550 in total.

  

Cost of Revenues — Related Party

 

Name of Related Party  Nature  Relationship  Three Months
Ended
September 30,
2025		   Three Months
Ended
September 30,
2024		 
Haiyan Ma  Cost of property purchases and sales through Cash Offer  The Company’s shareholder  $        $1,420,000 
Zhen Qin  Cost of real estate services – commission payouts  The Company’s shareholder, Chairman of the Board and Chief Executive Officer       45,000 
Na Li  Cost of real estate services – commission payouts  Chief Financial Officer and Director   45,000      
Total        $45,000   $1,465,000 

 

For the three months ended September 30, 2025, the Company paid Na Li commission payouts of $45,000 for real estate transactions she conducted on behalf of the Company, which were recorded in cost of revenues.

 

For the three months ended September 30, 2024, the Company purchased a property in cash for $1,425,930 from Haiyan Ma, which included $1,420,000 paid to Haiyan Ma as the total consideration and $5,930 in title charges, escrow charges, and other related costs. The Company subsequently sold the property to Na Li for $1,670,000. The total purchase cost of $1,425,930 was recorded as cost of revenues, with $1,420,000 specifically identified as a related party transaction.

For the three months ended September 30, 2024, the Company paid Zhen Qin commission payouts of $45,000 for real estate transactions he conducted on behalf of the Company, which were recorded in cost of revenues.

 

Name of Related Party  Nature  Relationship  Nine Months
Ended
September 30,
2025		   Nine Months
Ended
September 30,
2024		 
Haiyan Ma  Cost of property purchases and sales through Cash Offer  The Company’s shareholder  $   $1,420,000 
Zhen Qin  Cost of real estate services – commission payouts  The Company’s shareholder, Chairman of the Board and Chief Executive Officer       45,000 
Na Li  Cost of real estate services – commission payouts  Chief Financial Officer and Director   45,000      
Total        $45,000   $1,465,000 

 

For the nine months ended September 30, 2025, the Company paid Na Li commission payouts of $45,000 for real estate transactions she conducted on behalf of the Company, which were recorded in cost of revenues.

 

For the nine months ended September 30, 2024, the Company purchased a property in cash for $1,425,930 from Haiyan Ma, which included $1,420,000 paid to Haiyan Ma as the total consideration and $5,930 in title charges, escrow charges, and other related costs. The Company subsequently sold the property to Na Li for $1,670,000. The total purchase cost of $1,425,930 was recorded as cost of revenues, with $1,420,000 specifically identified as a related party transaction.

 

For the nine months ended September 30, 2024, the Company paid Zhen Qin commission payouts of $45,000 for real estate transactions he conducted on behalf of the Company, which were recorded in cost of revenues.

  

Due to Related Party

 

Name of Related Party  Nature  Relationship  September 30,
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  $629   $55,000 
Total        $139,347   $55,000 

 

On May 1, 2024, Zhen Qin lent $530,000 to the Company to support its operational needs. As of September 30, 2025, the Company had partially repaid the loan to Zhen Qin, leaving an outstanding balance of $629. As of December 31, 2024, the Company had repaid $475,000 to Zhen Qin, leaving an outstanding balance of $55,000.