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Condensed Financial Information of the Parent Company | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information of the Parent Company [Line Items] |
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY | NOTE 21 - CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY Pursuant to Rules 12-04(a), 5-04(c), and 4-08(e)(3) of Regulation S-X, the condensed financial information of the parent company shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with such rules and concluded they were applicable to the Company as the restricted net assets of the Company’s PRC subsidiary and VIEs exceeded 25% of the consolidated net assets of the Company. Therefore, the condensed consolidated financial statements for the parent company are included herein. PARENT COMPANY BALANCE SHEETS
|  | December 31, |
|  | 2025 |  |  | 2024 |
Assets |  |  |  |  |  |
Current assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,278,253 |  |  | $ | 6,489,424 |
Short-term investments |  |  | 11,100,000 |  |  |  | 14,700,000 |
Accounts receivable, net |  |  | 1,697,673 |  |  |  | - |
Intercompany receivables |  |  | 15,000 |  |  |  | 15,000 |
Other receivable |  |  | 6,846,247 |  |  |  | - |
Prepaid expenses and other current assets |  |  | - |  |  |  | 1,293,893 |
Total current assets |  |  | 22,937,173 |  |  |  | 22,498,317 |
Non-current assets |  |  |  |  |  |  |  |
Investments in non-VIE subsidiaries |  |  | 14,523,251 |  |  |  | 14,138,600 |
Total non-current assets |  |  | 14,523,251 |  |  |  | 14,138,600 |
Total Assets |  | $ | 37,460,424 |  |  | $ | 36,636,917 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 85,860 |  |  | $ | - |
Intercompany payable |  |  | 1,364,252 |  |  |  | 1,361,997 |
Total current liabilities |  |  | 1,450,112 |  |  |  | 1,361,997 |
Total Liabilities |  |  | 1,450,112 |  |  |  | 1,361,997 |
Commitments and Contingencies |  |  | - |  |  |  | - |
Shareholders’ Equity |  |  |  |  |  |  |  |
Class A Ordinary Shares, US$0.005 par value; 60,000,000 shares authorized, 422,147 shares issued and outstanding as of December 31, 2025; 8,636,160 shares authorized, 422,147 shares issued and outstanding as of December 31, 2024.* |  |  | 2,111 |  |  |  | 2,111 |
Class B Ordinary Shares, US$0.0001 par value; 150,000,000 shares authorized, 8,192,000 shares issued and outstanding as of December 31, 2025; 58,192,000 shares authorized, 8,192,000 shares issued and outstanding as of December 31, 2024. |  |  | 819 |  |  |  | 819 |
Additional paid-in capital |  |  | 24,920,060 |  |  |  | 24,920,060 |
Statutory reserve |  |  | 836,215 |  |  |  | 836,215 |
Retained earnings |  |  | 10,671,200 |  |  |  | 10,491,058 |
Accumulated other comprehensive loss |  |  | (420,093 | ) |  |  | (975,343 | )
Total Shareholders’ Equity |  |  | 36,010,312 |  |  |  | 35,274,920 |
Total Liabilities and Shareholders’ Equity |  | $ | 37,460,424 |  |  | $ | 36,636,917 |
* | The shares data are presented on a retroactive basis to reflect the 50 to 1 reverse share split applies to Class A ordinary shares (Note 14 and 20).
PARENT COMPANY STATEMENTS OF OPERATIONS
|  | Years Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Revenues |  | $ | 1,997,668 |  |  | $ | - |  |  | $ | 36,402 |
Cost of revenues |  |  | (1,799,200 | ) |  |  | - |  |  |  | - |
Gross profit |  |  | 198,468 |  |  |  | - |  |  |  | 36,402 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  |  | 1,240,605 |  |  |  | 1,323,145 |  |  |  | 764,111 |
Total operating expenses |  |  | 1,240,605 |  |  |  | 1,323,145 |  |  |  | 764,111 |
Operating loss |  |  | (1,042,137 | ) |  |  | (1,323,145 | ) |  |  | (727,709 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |
Net investment gain |  |  | 1,209,226 |  |  |  | 250,826 |  |  |  | 238,812 |
Interest income |  |  | 183,652 |  |  |  | 292,996 |  |  |  | 317,505 |
Other expense, net |  |  | - |  |  |  | - |  |  |  | (3,382 | )
Total other income, net |  |  | 1,392,878 |  |  |  | 543,822 |  |  |  | 552,935 |
Share of (loss) income from subsidiaries |  |  | (170,599 | ) |  |  | (117,367 | ) |  |  | 1,222,415 |
Income (loss) before income taxes |  |  | 180,142 |  |  |  | (896,690 | ) |  |  | 1,047,641 |
Net income (loss) |  | $ | 180,142 |  |  | $ | (896,690 | ) |  | $ | 1,047,641 |
Earnings (loss) per ordinary share |  |  |  |  |  |  |  |  |  |  |  |
– Basic and diluted* |  | $ | 0.02 |  |  | $ | (0.11 | ) |  | $ | 0.13 |
Weighted average number of ordinary shares outstanding |  |  |  |  |  |  |  |  |  |  |  |
– Basic and diluted* |  |  | 8,614,147 |  |  |  | 8,440,232 |  |  |  | 8,293,309 |
* | The shares data are presented on a retroactive basis to reflect the 50 to 1 reverse share split applies to Class A ordinary shares (Note 14 and 20).
PARENT COMPANY STATEMENTS OF CASH FLOWS
|  | Years Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | 180,142 |  |  | $ | (896,690 | ) |  |  | 1,047,641 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Accrued interest income from loans |  |  | - |  |  |  | (199,954 | ) |  |  | (317,171 | )
Net investment (gain) loss |  |  | (675,648 | ) |  |  | 142,367 |  |  |  | (1,461,227 | )
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | (1,697,673 | ) |  |  | - |  |  |  | - |
Deferred offering cost |  |  | - |  |  |  | - |  |  |  | (130,134 | )
Due from intercompany |  |  | - |  |  |  | - |  |  |  | (5,000 | )
Accounts payable |  |  | 85,860 |  |  |  | - |  |  |  | - |
Due to intercompany |  |  | 2,255 |  |  |  | - |  |  |  | 3,067 |
Prepaid expenses and other current assets |  |  | 293,893 |  |  |  | - |  |  |  | - |
Net cash used in operating activities |  |  | (1,811,171 | ) |  |  | (954,277 | ) |  |  | (862,824 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Loans to third parties |  |  | (3,000,000 | ) |  |  | (1,092,453 | ) |  |  | (11,260,542 | )
Repayment from third-party loans |  |  | 3,000,000 |  |  |  | 3,810,089 |  |  |  | 8,830,933 |
Purchases of bank deposits |  |  | (11,600,000 | ) |  |  | (18,200,000 | ) |  |  | - |
Redeem of bank deposits |  |  | 9,200,000 |  |  |  | 7,500,000 |  |  |  | - |
Purchases of held-to-maturity investments |  |  | - |  |  |  | - |  |  |  | (11,000,000 | )
Redemption of held-to-maturity investments |  |  | - |  |  |  | - |  |  |  | 7,159,018 |
Deposit for acquisition |  |  | 1,000,000 |  |  |  | (1,010,000 | ) |  |  | - |
Net cash used in investing activities |  |  | (1,400,000 | ) |  |  | (8,992,364 | ) |  |  | (6,270,591 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of ordinary shares |  |  | - |  |  |  | 8,200,000 |  |  |  | 15,142,902 |
Net cash provided by financing activities |  |  | - |  |  |  | 8,200,000 |  |  |  | 15,142,902 |
Net (decrease) increase in cash |  |  | (3,211,171 | ) |  |  | (1,746,641 | ) |  |  | 8,009,487 |
Cash and cash equivalents at beginning of year |  |  | 6,489,424 |  |  |  | 8,236,065 |  |  |  | 226,578 |
Cash and cash equivalents at end of year |  | $ | 3,278,253 |  |  | $ | 6,489,424 |  |  |  | 8,236,065 |

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