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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current Assets:      
Cash and cash equivalents $ 33,341,081 $ 43,396,977 $ 16,060,686
Restricted cash 1,361
Accounts receivable, net 684,139 2,874,494
Due from related party 117,141
Advances to suppliers, net 9,643,135 16,546,521 774,467
Inventories, net 46,692 95,124
Other current assets 1,047,536 1,001,637 465,480
Total Current Assets 44,762,583 60,945,135 20,388,753
Non-Current Assets:      
Property and equipment, net   76,470
Right-of-use assets 194,945 119,056
Intangible Assets 15,189,808  
Total Non-Current Assets 15,384,753 195,526
TOTAL ASSETS 60,147,336 60,945,135 20,584,279
Current Liabilities:      
Short-term loan 418,315
Accounts payable 750,332 17,532 2,547,805
Contract liabilities 444,351 425,833 1,004,832
Lease liabilities 70,552 119,434
Tax Payable 26,594 795 429,485
Accrued expenses and other current liabilities 307,918 232,004 3,115,282
Total Current Liabilities 1,599,747 676,164 7,635,153
Non-Current Liabilities:      
Due to related parties 1,291,608 3,912,606
Lease liabilities 125,259 20,613
Total Non-Current Liabilities 125,259 1,291,608 3,933,219
TOTAL LIABILITIES 1,725,006 1,967,772 11,568,372
Commitment and Contingencies
STOCKHOLDERS’ EQUITY      
Ordinary Shares, no par value, unlimited shares authorized; 63,361,823 and 2,923,325 shares issued and outstanding as of December 31, 2024 and December 31, 2023 respectively [1] [1],[2] [2]
Additional paid-in capital 92,707,344 92,707,344 44,515,833
Accumulated deficit (29,394,048) (28,033,030) (33,147,714)
Accumulated other comprehensive loss (4,890,966) (5,298,505) (1,953,766)
Equity attributable to owners of the Company 58,422,330 59,375,809 9,414,353
Non-controlling interests (398,446) (398,446)
TOTAL STOCKHOLDERS’ EQUITY 58,422,330 58,977,363 9,015,907
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 60,147,336 $ 60,945,135 $ 20,584,279
[1] The shares and per share data are presented on a retroactive basis to reflect the Company’s Share Consolidation. (Note 11)
[2] The shares and per share data are presented on a retroactive basis to reflect the Company’s Share Consolidation. (Note 12)