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Consolidated Balance Sheets
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Current assets    
Cash and cash equivalents $ 6,158,462 $ 2,605,275
Accounts receivable 1,017,032 2,769,715
Inventories 72,511 65,995
Deferred offering cost 941,714
Prepaid expenses and other current assets 440,868 90,449
Total current assets 7,688,873 6,473,148
Property and equipment, net 1,465,528 1,508,298
Intangible assets, net 1,100,909 1,656,172
Operating lease right-of-use assets 4,936,122 5,265,572
Security deposits 288,762 285,696
Deferred tax assets 1,427,708 857,646
Other non-current assets 8,298 10,436
Total Assets 16,916,200 16,056,968
Current Liabilities    
Accounts payable and other current liabilities 872,477 1,908,451
Contract liabilities 263,307 256,907
Income tax payables 22,002 418,739
Short-term debts 319,366
Current portion of long-term debts, net 687,685 1,273,999
Finance lease liabilities, current 29,292 34,191
Operating lease liabilities, current 650,061 673,221
Total Current Liabilities 2,844,190 4,565,508
Long-term debts, net 3,127,998 3,774,930
Asset retirement obligation, non-current 467,503 457,754
Finance lease liabilities, non-current 39,522 57,283
Operating lease liabilities, non-current 4,240,787 4,573,953
Other non-current liabilities 101,535 106,228
Total Liabilities 10,821,535 13,535,656
Share Capital: 40,000,000 Common shares authorized; no par value, 11,550,000 and 10,000,000 shares issued and outstanding as of December 31, 2025 and 2024 [1] 2,542,507 41,549
Additional paid-in capital 2,543,802 1,350,005
Retained earnings 1,746,993 1,627,599
Accumulated other comprehensive loss (738,637) (497,841)
Total Shareholders’ Equity 6,094,665 2,521,312
Total Liabilities and Shareholders’ Equity $ 16,916,200 $ 16,056,968
[1] On March 3, 2024, the Company effected a forward stock split of the Company’s issued and outstanding common shares at a split ratio of 1-for-1,000 such that every holder of common shares of the Company shall receive 1,000 common shares for every one common share held. All references to number of shares, and to per share information in the consolidated financial statements have been retroactively adjusted.