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Related parties

6 Months Ended

Jun. 30, 2025

Related parties

Related parties

Note 9. Related parties

As of June 30, 2025 and December 31, 2024, The Company has related party transactions with the following affiliates and affiliated entities:

Related Party Name		Relationship
Hui Luo		Majority owner of the Company
Liu Yi		Spouse of Hui Luo
Genius Kid Class LLC		An entity controlled by Yi Liu
Dream Legal Group, Inc		An entity controlled by Hui Luo
Ideal Force LLC		An entity controlled by Yi Liu
Dreamgo Inc.		An entity controlled by Hui Luo

 Due from related parties

		June 30, 2025				December 31, 2024
Dream Legal Group, Inc.			3,805				8,251
Total due from related parties		$	1,830			$	8,251

Due to related parties

		June 30, 2025				December 31, 2024
Luo Hui-accrued interest on promissory note			4,427				2,166
Luo Hui – promissory note, due on August 15, 2025; at a rate of 4% per annum			130,000				130,000
Luo Hui – promissory note, due on June 30, 2026; at a rate of 4% per annum			40,000				—
Yi Liu – promissory note, due on March 17, 2026; at a rate of 4% per annum			100,000				—
Dream Legal Group, Inc-rent income received in advance			7,450				—
Due to Dream Go Inc.			—				117,379
Total due to related parties - current		$	181,877			$	249,545

The following table represents related party transactions for the six months ended June 30, 2025 and 2024:

				Three Months Ended								Six Months Ended
Name		Business Purpose of Transaction		June 30, 2025				June 30, 2024				June 30, 2025				June 30, 2024
Dream Legal Group, Inc		Sublease income		$	24,325			$	10,000			$	49,920			$	25,000
Dreamgo Inc.		Rent expense			90,253				90,253				180,506				180,506
Genius Kid Class LLC		Consulting revenue			—				100,000				—				200,000
Yi Liu		Interest expense			661				—				822				—
Luo Hui		Interest expense			960				—				1,300				—
Totals				$	116,199			$	200,253			$	232,548			$	405,506

Sublease income has been reflected as a reduction of general and administrative expenses in the accompanying consolidated statements of operations.

As of June 30, 2025 and December 31, 2024, the Company has the following ROU assets and operating lease liabilities recognized from related party under ASC 842 (Note 4):

				June 30, 2025				December 31, 2024
Dreamgo Inc.	ROU assets			$	1,401,041			$	1,552,242
Dreamgo Inc.	Short term obligation under operating leases			$	(187,882	)		$	(314,685	)
Dreamgo Inc.	Long term obligation under operating leases			$	(1,213,413	)		$	(1,241,495	)

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The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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