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Consolidated Balance Sheets
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Current Assets    
Cash and cash equivalents $ 248,382 $ 60,155
Restricted cash 615,433 656,625
Accounts receivable, net 1,530
Short-term investments 64,736 79,312
Prepaid expense and other current assets 96,213 101,051
Total Current Assets 2,179,815 1,656,709
Property and equipment, net 511,088 569,278
Operating lease right-of-use assets 640,387 809,283
Long-term investments 2,258,754 2,527,740
Prepayment for long-term investments 1,124,842 1,274,842
Prepayment for asset acquisition 691,900 691,900
Other non-current assets 133,121 141,231
Total Assets 7,539,907 7,784,499
Current Liabilities    
Short-term bank and other loans 840,252 899,250
Accrued expenses and other current liabilities 3,509,422 3,548,352
Contract liabilities 81,115 79,500
Taxes payables 112,946
Operating lease liabilities – current 403,581 401,826
Total Current Liabilities 6,557,461 6,101,889
Tenant security deposit 21,680 21,680
Operating lease liability – non-current 236,807 407,457
Total Liabilities 6,815,948 6,531,026
COMMITMENTS AND CONTINGENCIES  
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 13,868,484 and 7,940,298 shares issued and outstanding as of December 31, 2024 and 2023, respectively [1] 13,868 7,940
Stock to be issued 31,040
Additional paid-in capital 78,595,065 73,978,380
Accumulated deficit (68,949,807) (64,046,929)
Accumulated other comprehensive income 445,665 516,387
Treasury stock (8,909,691) (8,901,668)
Total Stockholders’ equity 1,226,140 1,554,110
Noncontrolling interest (502,181) (300,637)
Total Equity 723,959 1,253,473
Total Liabilities and Equity 7,539,907 7,784,499
Related Party    
Current Assets    
Accounts receivable – related parties, net 10,463
Due from related parties – current 1,155,051 747,573
Due from related parties – non-current, net 113,516
Current Liabilities    
Due to related parties 773,045 173,493
Convertible notes payable – third parties, net $ 950,046 $ 886,522
[1] Prior period results have been adjusted to reflect the 1-for-10 reverse stock split effected on July 25, 2023.