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v3.26.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2025
Notes and other explanatory information [abstract] |
Segment Information | 36. Segment Information a) General information After April 1, 2023, the Group disposed of two PRC subsidiaries, YMA DG and Forwell. As a result, the Group operates as a single reporting segment, primarily engaged in bicycle, racket, and other businesses. b) Information about segment profit or loss At December 31, 2025, the information on segment profit or loss, assets, and liabilities is consistent with the information in the consolidated financial statements; please refer to the consolidated balance sheets and consolidated statements of comprehensive (loss) income. Revenue of the group in bicycle, racket, crank, service provision and other businesses as follows: Schedule of segment information
|  | Bicycle frame |  |  | Racket |  |  | Crank |  |  | Service provision |  |  | Others |  |  | Total |
Year ended December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 4,678,501 |  |  | $ | 184,663 |  |  | $ | 1,515,032 |  |  | $ | 3,160,000 |  |  | $ | 388,323 |  |  | $ | 9,926,519 |
Year ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 14,400,846 |  |  | $ | 1,684,837 |  |  | $ | 686,657 |  |  | $ | - |  |  | $ | 791,645 |  |  | $ | 17,563,985 |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 15,219,005 |  |  | $ | 7,042,493 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,516,454 |  |  | $ | 23,777,952 |
c) Information by products Revenue of the group in bicycle, racket, crank, service provision and other businesses as of December 31, 2025, 2024 and 2023 is as follows:
|  | Bicycle frame |  |  | Racket |  |  | Crank |  |  | Service provision |  |  | Others |  |  | Total |
Year ended December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 4,678,501 |  |  | $ | 184,663 |  |  | $ | 1,515,032 |  |  | $ | 3,160,000 |  |  | $ | 388,323 |  |  | $ | 9,926,519 |
|  | Bicycle frame |  |  | Racket |  |  | Crank |  |  | Service provision |  |  | Others |  |  | Total |
Year ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 14,400,846 |  |  | $ | 1,684,837 |  |  | $ | 686,657 |  |  | $ | - |  |  | $ | 791,645 |  |  | $ | 17,563,985 |
|  | Bicycle frame |  |  | Racket |  |  | Crank |  |  | Service provision |  |  | Others |  |  | Total |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 15,219,005 |  |  | $ | 7,042,493 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,516,454 |  |  | $ | 23,777,952 |
d) Geographical information The Group’s revenue from external customers by location of operations and information about its non-current assets by location of assets are as follows: Schedule of geographic revenue
|  | Year ended December 31, 2025 |  |  | As of December 31, 2025 |  |  | Year ended December 31, 2024 |  |  | As of December 31, 2024 |
|  | Revenue |  |  | Non-current assets |  |  | Revenue |  |  | Non-current assets |
Taiwan |  | $ | 106,990 |  |  | $ | 914,736 |  |  | $ | 87,641 |  |  | $ | 813,261 |
China |  |  | 181,233 |  |  |  | - |  |  |  | - |  |  |  | - |
Others |  |  | 9,638,296 |  |  |  | 342,892 |  |  |  | 17,476,344 |  |  |  | 332,966 |
|  | $ | 9,926,519 |  |  | $ | 1,257,628 |  |  | $ | 17,563,985 |  |  | $ | 1,146,227 |
Non-current assets do not include non-current financial assets at fair value through other comprehensive (loss) income, non-current financial assets at amortized cost, and deferred tax assets, net. e) Major customer information Major customers representing at least 10% of net revenue of the Group for the years ended December 31, 2025, 2024 and 2023 are as follows: Schedule of major customer information
|  | Year ended December 31, 2025 |  | Year ended December 31, 2024 |  | Year ended December 31, 2023
|  | Revenue |  |  | Segment |  | Revenue |  |  | Segment |  | Revenue |  |  | Segment
A |  | $ | 3,298,300 |  |  | Bicycle frame |  | $ | 10,171,716 |  |  | Bicycle frame |  | $ | 9,654,223 |  |  | Bicycle frame
B |  |  | 3,324,470 |  |  | Service, Bicycle frame and Racket |  |  | (ii) |  |  | N/A |  |  | (ii) |  |  | N/A
C |  |  | (i) |  |  | Racket |  |  | (i) |  |  | Racket |  |  | 3,481,345 |  |  | Racket
D |  |  | (i) |  |  | Bicycle frame |  |  | (i) |  |  | Bicycle frame |  |  | 2,401,287 |  |  | Bicycle frame
|  | $ | 6,622,770 |  |  |  |  | $ | 10,171,716 |  |  |  |  | $ | 15,536,855 |  |  |
(i) |  | Less than 10% of total revenue of the Group.
(ii) |  | No such customer in financial years 2024 and 2023.

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