XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (4,564,546) $ (4,462,510)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 19,539 21,605
Stock-based compensation 2,756,603 2,410,381
Other non-cash expenses 343,242 575,470
Loss on investment in equity securities 150,029 146,942
Amortization of right-of-use asset 271,252 301,624
Changes in operating assets and liabilities:    
Inventories (11,460)
Prepaid expenses and other current assets (76,067) 278,733
Due from related parties (169,796) (10,635) [1]
Accrued expenses and other current liabilities (10,384) 41,949
Tenant security deposit (4,865) 4,000
Taxes payables 6,170 (112,946)
Operating lease liabilities (276,981) (301,624)
Net cash used in operating activities (1,567,264) (1,107,011)
Cash flows from investing activities    
Loan to affiliates (2,079,352) (456,789)
Prepayment from related parties 145,637
Transaction costs for land acquisition (5,421)
Net cash used in investing activities (1,939,136) (456,789) [1]
Cash flows from financing activities    
Proceeds from private placements 2,777,120 164,772
Proceeds from issuance of warrants 394,071
Proceeds from exercise of warrants 991,366 737,500
Proceeds from convertible notes payable 9,010 282,095
Repayment of convertible notes payable (277,284) (179,125)
Proceeds from convertible notes payable - related party 150,000
Proceeds from short-term loans 30,000 [1]
Repayment of short-term loans (90,281)
Due to related parties, net (71,453) 215,634 [1]
Net cash provided by financing activities 3,488,478 1,644,947
Effect of exchange rate changes on cash and cash equivalents and restricted cash 8,018 (28,054)
Net decrease in cash and cash equivalents and restricted cash (9,904) 53,093
Cash and cash equivalents and restricted cash    
Beginning 863,815 716,780
Ending 853,911 769,873
Cash paid during the year for:    
Interest expense paid 22,078 59,519
Income taxes paid 2,013 25,863
Non-cash investing and financing activities    
Issuance of common stock for conversion (repayment) of debt 463,847 604,222
Issuance of subsidiary’s commons stock to acquire the control of the land 7,670,000
Conversion of convertible note due from related parties to equity investment 563,819
Issuance of common stock in the land acquisition 3,357,975
Assuming loan in the land acquisition $ 500,000
[1] Previously reported amount was reclassified to financing activities based on current year’s presentation.