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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

18. SEGMENT REPORTING

 

The Company’s chief operating decision maker has been identified as the Chief Executive Officer (“CEO”) who reviews financial information of operating segments based on US GAAP amounts when making decisions about allocating resources and assessing performance of the Company.

 

The Company determined that it operated in one operating segment includes the development, commercialization and distribution of a wide variety of battery and energy storage system products for use in a wide array of applications.

 

The Company primarily operates in the PRC and substantially all of the Company’s long-lived assets are located in the PRC.

  

          
   For the Years Ended December 31 
   2025   2024   2023 
Revenues  $2,053,466   $-   $- 
Less:               
Cost of revenues (i)   1,970,448    -    - 
Provision for and reversal from warranty liability   82,139    -    - 
Staff cost   286,360    99,537    - 
Lease expense   26,719    71,714    - 
Depreciation and amortization expense   43,852    -    - 
Professional fee   945,885    1,746,526    - 
Interest expense (income)   469,577    (34,219)   - 
Earnout shares   -    9,000,000    - 
Other segment items (ii)   330,502    (59,981)   - 
                
Segment net loss   (2,102,016)   (10,823,577)   - 
                
Consolidated net loss  $(2,102,016)  $(10,823,577)   - 

 

(i)Cost of revenues excludes staff cost, depreciation and amortization expense, and lease expense which are separately listed above.

 

(ii)Other segment items include selling expenses, remaining general and administration expenses, and other income (expense).