XML 20 R9.htm IDEA: XBRL DOCUMENT v3.26.1
Discontinued Operation
3 Months Ended
Mar. 31, 2026
Discontinued Operation [Abstract]  
Discontinued Operation

3. Discontinued Operation

 

On April 30, 2025, the Board resolved to discontinue the operations of Shandong Yunchu. Subsequently, on September 1, 2025, the Company disposed of its 100% equity interest in Promising Prospect HK Limited (“Promising HK”) for nominal consideration. Promising HK holds the 100% equity interest in Shandong Yunchu through Jiayi Technologies and does not own any other operating assets of the Company.

 

The discontinued operation represents a strategic shift that has a major effect on the Company’s operations and financial results, which trigger discontinued operations accounting in accordance with ASC 205-20-45. Results of operations related to the discontinued operations for the three months ended March 31, 2025 were retroactively reported as loss from discontinued operations. The results of discontinued operations for the three months ended March 31, 2025 are as follows:

 

   For the
Three Months
Ended
March 31,
2025
 
Operating expenses:    
Selling and marketing expenses  $3,506 
General and administrative expenses   116,944 
Total operating expenses   120,450 
      
Loss from discontinued operations   (120,450)
      
Other income (expenses)     
Other expenses   (31,780)
Total other expenses   (31,780)
      
Loss before income taxes   (152,230)
Income taxes provision   
-
 
Net loss from discontinued operations  $(152,230)