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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 8,912,022 $ 7,841,306
Short-term investments 6,121,512 5,242,441
Accounts receivable 3,470,948 4,682,320
Inventories 586,221
Prepayments 108,820 81,247
Other current assets 504,633 273,682
Total Current Assets 19,117,935 18,707,217
Investments in non-marketable securities 1,216,556 1,089,960
Property and equipment, net 5,879,379 5,867,154
Intangible assets, net 10,045 12,177
Right-of-use assets 38,812 89,020
Deferred tax assets 44,262 119,425
Total Assets 26,306,989 25,884,953
Current Liabilities    
Accounts payable 946,061 535,073
Advances from customers 747,279 203,787
Operating lease liabilities, current portion 27,588 33,685
Accrued expenses and other liabilities 623,664 757,885
Total Current Liabilities 2,344,592 1,530,430
Operating lease liabilities, noncurrent portion 23,832
Deferred tax liabilities 214,073 179,638
Total Liabilities 2,558,665 1,733,900
Commitments and Contingencies
Equity    
Additional paid-in capital 29,081,287 29,059,063
Statutory reserve 1,391,350 1,419,190
Accumulated deficit (8,896,690) (7,959,276)
Accumulated other comprehensive loss (1,333,134) (1,706,460)
Total Zhongchao Inc. Shareholders’ Equity 20,268,203 20,837,907
Non-controlling interests 3,480,121 3,313,146
Total Equity 23,748,324 24,151,053
Total Liabilities and Equity 26,306,989 25,884,953
Class A Ordinary Share    
Equity    
Ordinary share value 24,840 24,840
Class B Ordinary Share    
Equity    
Ordinary share value $ 550 $ 550