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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash $ 4,693,725 $ 52,659
Accounts receivable, net 3,859,493 180,000
Notes receivables, net 928,856
Other receivables, net 147,952 5,223,235
Due from related parties 247,328 1,279
Prepayments 167,173 10,564
Total current assets 10,044,527 5,467,737
OTHER ASSETS    
Property and equipment, net 781,624
Right-of-use assets 516,443
Escrow 52,187,762
Goodwill 62,435,299
Total other assets 63,733,366 52,187,762
Total assets 73,777,893 57,655,499
CURRENT LIABILITIES    
Accounts payable 2,787,656 0
Other payables and accrued liabilities 260,909 62,403
Contract liabilities 37,316
Taxes payable 528,950 594
Lease liabilities - current 199,197
Total current liabilities 3,814,028 62,997
OTHER LIABILITIES    
Lease liabilities - noncurrent 306,028
Other liabilities 2,856,120 0
Total other liabilities 3,162,148
Total liabilities 6,976,176 62,997
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares, $0.00001 par value, 5,000,000,000,000 shares authorized, 5,456,974 and 1,342,999 issued and outstanding as of December 31, 2024 and December 31, 2023, respectively* 55 13
Subscription receivable (1,184,676)
Additional paid-in capital* 91,539,240 83,383,062
Accumulated deficits (26,703,478) (24,604,441)
Accumulated other comprehensive income (63,634) (1,456)
Total shareholders’ equity attributable to Infobird Co., Ltd 64,772,183 57,592,502
Non-controlling interests 2,029,534
Total equity 66,801,717 57,592,502
Total liabilities and equity $ 73,777,893 $ 57,655,499