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Operating revenue | 12 Months Ended
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Dec. 31, 2025
Notes and other explanatory information [abstract] |
Operating revenue | 21. Operating revenue Schedule of Disaggregation of revenue
|  | Year ended December 31,2025 |  |  | Year ended December 31,2024 |  |  | Year ended December 31,2023 |
Revenue from contracts with customers |  |  |  |  |  |  |  |  |  |  |  |
Sales of products |  | $ | 6,766,519 |  |  | $ | 17,563,985 |  |  | $ | 23,777,952 |
Service provision |  |  | 2,200,000 |  |  |  | - |  |  |  | - |
Service provision – a related party |  |  | 960,000 |  |  |  | - |  |  |  | - |
Good sales |  | $ | 9,926,519 |  |  | $ | 17,563,985 |  |  | $ | 23,777,952 |
a) Disaggregation of revenue from contracts with customers i) The Group derives revenue from the transfer of goods at a point in time and the rendering of services over time in the following major product lines and geographical regions: Schedule of Revenue For Geographical Regions
Year ended December 31, 2025 |  | Europe |  |  | Asia |  |  | Other areas |  |  | Total |
Revenue from external customer contracts |  |  |  |  |  |  |  |  |  |
Year ended December 31, 2025 |  | Europe |  |  | Asia |  |  | Other areas |  |  | Total |
Point in time: |  |  |  |  |  |  |  |  |  |  |  |
Bicycle frame |  | $ | 4,678,501 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,678,501 |
Racket |  |  | - |  |  |  | 181,233 |  |  |  | 3,430 |  |  |  | 184,663 |
Crank |  |  | 1,333,799 |  |  |  | 181,233 |  |  |  | - |  |  |  | 1,515,032 |
Others |  |  | - |  |  |  | 279,622 |  |  |  | 108,701 |  |  |  | 388,323 |
Point in time |  |  | 6,012,300 |  |  |  | 642,088 |  |  |  | 112,131 |  |  |  | 6,766,519 |
Over time: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service provision |  |  | 2,200,000 |  |  |  | 960,000 |  |  |  | - |  |  |  | 3,160,000 |
Total |  | $ | 8,212,300 |  |  | $ | 1,602,088 |  |  | $ | 112,131 |  |  | $ | 9,926,519 |
Year ended December 31, 2024 |  | Europe |  |  | US |  |  | Other areas |  |  | Total |
Point in time: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bicycle frame |  | $ | 13,224,192 |  |  | $ | 12,775 |  |  | $ | 1,163,879 |  |  | $ | 14,400,846 |
Racket |  |  | 939,656 |  |  |  | 677,491 |  |  |  | 67,690 |  |  |  | 1,684,837 |
Crank |  |  | 686,657 |  |  |  | - |  |  |  | - |  |  |  | 686,657 |
Others |  |  | - |  |  |  | - |  |  |  | 791,645 |  |  |  | 791,645 |
Total |  | $ | 14,850,505 |  |  | $ | 690,266 |  |  | $ | 2,023,214 |  |  | $ | 17,563,985 |
Year ended December 31, 2023 |  | Europe |  |  | Other areas |  |  | Total |
Point in time: |  |  |  |  |  |  |  |  |  |  |  |
Bicycle frame |  | $ | 14,675,036 |  |  | $ | 543,969 |  |  | $ | 15,219,005 |
Racket |  |  | 5,381,594 |  |  |  | 1,660,899 |  |  |  | 7,042,493 |
Others |  |  | - |  |  |  | 1,516,454 |  |  |  | 1,516,454 |
Total |  | $ | 20,056,630 |  |  | $ | 3,721,322 |  |  | $ | 23,777,952 |
(i) For the year ended December 31, 2025, revenue from other areas primarily represents sales to customers located in the United States. ii) By the timing of revenue recognition: Schedule of Timing of Revenue Recognition
|  | Year ended December 31, 2025 |  |  | Year ended December 31, 2024 |  |  | Year ended December 31, 2023 |
At a point in time |  | $ | 6,766,519 |  |  | $ | 17,563,985 |  |  | $ | 23,777,952 |
Over time |  |  | 3,160,000 |  |  |  | - |  |  |  | - |
Total |  | $ | 9,926,519 |  |  | $ | 17,563,985 |  |  | $ | 23,777,952 |
b) Contract liabilities Schedule of Contract liabilities (i) The Group has recognized the following revenue-related contract liabilities:
|  | As of |  |  | As of |
|  | December 31, 2025 |  |  | December 31, 2024 |
Contract liabilities - receipts in advance |  | $ | 60,906 |  |  | $ | 107,786 |
(ii) Revenue recognized that was included in the contract liabilities balance at the beginning of the year:
|  | Year ended December 31, 2025 |  |  | Year ended December 31, 2024 |
Revenue recognized from beginning contract liabilities |  | $ | 106,906 |  |  | $ | 276,210 |

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