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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
(Loss) profit before tax $ (20,168,150) $ 1,109,725 $ 1,035,595
Adjustments to reconcile (loss) profit      
Depreciation expenses of property, plant, and equipment 183,776 135,686 250,228
Depreciation expenses of right-of-use assets 184,816 203,138 718,635
Amortization expenses of intangible assets 20,898 16,122 17,655
Allowance for expected credit loss 19,247,269 (8,365) 81,842
Provision (reversal) for allowance for valuation loss of inventories 19,513 11,324 (37,569)
Share-based payment 87,808 131,712 131,712
Interest income (145,953) (264,610) (336,375)
Interest expense 373,489 402,931 808,681
Changes in operating assets      
Accounts receivable (2,632,807) 1,022,077 1,700,993
Accounts receivable – related parties (5,029,583)
Other receivables 136,032 12,374 266,750
Inventories (494,201) (379,402) 363,974
Prepayments 210,128 (266,049) 102,062
Other current asset (1,083,570)
Other non-current assets 1,697,807
Changes in operating liabilities      
Contract liabilities (46,880) (168,424) (367,315)
Accounts payable (28,613) 15,800 193,767
Other payables 137,694 280,537 (1,713,448)
Other current liabilities (14,768) (144,383) 3,700,296
Cash flows (used in) from operations (2,929,949) (2,919,390) 7,531,720
Interest received 145,953 264,610 336,375
Interest paid (369,793) (402,931) (808,681)
Income tax paid (5,248) (15) (20,764)
Net cash flows (used in) from operating activities (3,159,037) (3,057,726) 7,038,650
Cash flows from investing activities      
Decrease (increase) in financial assets at amortized cost 119,258 (213,142) 234,394
(Increase) decrease in guarantee deposits (8,974) 491,940 303,686
Repayment from (advances to) related parties 526,882 201,299 (9,028,904)
Advances to investee under financial assets at fair value through other comprehensive income (3,771,038)
Acquisition of property, plant and equipment (205,649) (25,225) (93,510)
Acquisition of intangible assets (180,796) (6,937) (16,812)
Proceeds from disposal of land use rights 1,093,203
Proceeds from disposal of subsidiaries 1,363,127 1,744,168
Acquisition of financial assets at fair value through other comprehensive (loss) income (2,807,668)
Net cash flows (used in) from investing activities (3,520,317) 1,811,062 (8,571,443)
Cash flows from financing activities      
Proceeds from short-term bank loans 2,034,824 636,035
Proceeds from short-term loans from a related party 8,249,052
Payments on short-term bank loans (5,868,457)
Payment on lease liabilities (180,327) (205,321) (206,147)
Proceeds from long-term bank loans 1,070,449 482,284 642,467
Payments for long-term bank loans (411,018) (421,063) (709,416)
Proceeds from issuance of shares 4,890,000
Deferred IPO Cost (1,163,807) (480,251) (1,143,376)
Net cash flows from (used in) financing activities 6,585,892 1,410,473 (780,437)
Effect of foreign exchange rate changes (457,975) (74,165) (76,416)
Net (decrease) increase in cash (551,437) 89,644 (2,389,646)
Cash and cash equivalents at beginning of year 649,106 559,462 2,949,108
Cash and cash equivalents at end of year $ 97,669 $ 649,106 $ 559,462