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Credit risk
3 Months Ended
Mar. 31, 2026
Credit risk [Abstract]  
Credit risk

17. Credit risk

 

The Company’s deposits are made with banks located in the PRC. Cash maintained in banks within the People’s Republic of China of less than RMB0.5 million (equivalent to $72,485) per bank are covered by “deposit insurance regulation” promulgated by the State Council of the People’s Republic of China. As of March 31, 2026 and December 31, 2025, the Company had $5,214,957 and $24,691, respectively, in cash balances held at PRC financial institutions that exceeded the applicable insured limits. There is no cash balances held at American or Cananda financial institutions that exceeded the applicable insured limits as of March 31, 2026 and December 31, 2025.

 

Since the Company’s inception, the age of account receivables has been less than one year, indicating that the Company is subject to the minimal risk borne from credit extended to customers.