XML 25 R3.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 2,300,759 $ 1,056,732
Restricted cash 133,897
Accounts receivable 1,552,525 1,759,593
Inventories 558,174 846,205
Other receivables, deposits and prepayments 565,160 212,189
Prepaid taxes 160,592 111,036
Deferred offering costs 695,390
Total current assets 5,137,210 4,815,042
Non-current assets    
Property and equipment, net 1,244,631 992,723
Land use right 339,855 315,712
Right of use assets – operating lease 71,495 41,242
Deferred tax assets 46,124 50,718
Investment in equity investees 4,550,000
Total non-current assets 6,252,105 1,400,395
Total assets 11,389,315 6,215,437
Current liabilities    
Accounts payable 891,406 434,977
Deferred revenue 449,578 1,516,700
Accrued expenses and other payables 518,095 377,009
Operating lease liabilities – current 36,524 35,851
Finance lease liabilities - current 59,172 54,484
Borrowings – current 28,909 60,413
Total current liabilities 2,049,748 3,176,368
Non-current liabilities    
Amount due to equity investees 4,275,561
Operating lease liabilities – non-current 35,156 6,132
Finance lease liabilities - non-current 71,925 100,312
Borrowings – non-current 159,780 171,541
Deferred revenue 46,703 16,594
Total non-current liabilities 4,589,125 294,579
Total liabilities 6,638,873 3,470,947
Commitments and contingencies
Shareholders’ equity    
Ordinary Shares, par value US$0.00025 per share, 200,000,000 shares authorized, 5,038,018 and 4,590,004 issued and outstanding at December 31, 2025 and 2024 [1] 1,260 1,148
Additional paid-in capital 6,547,265 84,750
(Accumulated deficit) Retained earnings (2,029,941) 2,739,785
Accumulated other comprehensive income (loss) 232,064 (81,193)
Total WF Holding Limited shareholders’ equity 4,750,648 2,744,490
Non-controlling interests (206)
Total shareholders’ equity 4,750,442 2,744,490
Total liabilities and shareholders’ equity 11,389,315 6,215,437
Related Party    
Current liabilities    
Amount due to related parties $ 66,064 $ 696,934
[1] Retrospectively restated for the effect of the reverse share split on April 13, 2026.