Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of concentrations of credit risk
                       
    Three months ended March 31,  
    2026     2025  
    Amount     % of Total
Revenue		     Amount     % of Total
Revenue		  
Customer A   $ –       –     $ 101,831       54%  
Customer B     (* )     (* )     50,597       27%  
Customer C     –       –       19,966       10%  
Customer D     28,000       58%       –       –  
Customer E     8,822       18%       –       –  
Customer F     5,650       12%       –       –  

 

(*) Revenue for the period ended had not exceeded 10% or more of the consolidated revenue.

 

As of March 31, 2026 and December 31, 2025, the Company’s accounts receivable from the following companies were set out as below:

    March 31, 2026     December 31, 2025  
    Amount     % of Total
Accounts
Receivable		     Amount     % of Total
Accounts
Receivable		  
Customer A   $ –       –     $ 7,125       100%  
Customer D     4,000       41%       –       –  
Customer F     5,650       59%       –       –  
Schedule of fair value of assets and liabilities measured on recurring basis
                       
    March 31, 2026 (unaudited)  
    Fair Value     Carrying  
    Level 1     Level 2     Level 3     Value  
Assets                        
Marketable securities:                                
Stock   $ 8,874     $ –     $ –     $ 8,874  
Total assets measured at fair value   $ 8,874     $ –     $ –     $ 8,874  

 

    December 31, 2025  
    Fair Value     Carrying  
    Level 1     Level 2     Level 3     Value  
Assets                        
Marketable securities:                                
Stock   $ 22,887     $ –     $ –     $ 22,887  
Total assets measured at fair value   $ 22,887     $ –     $ –     $ 22,887  
Schedule of anti-dilutive shares
           
Three Months Ended March 31,   2026     2025  
Stock options     8,964       7,614  
Schedule of exchange rates foreign currency
       
   

Average Rate for the Three Months Ended

March 31,
    2026   2025
    (Unaudited)   (Unaudited)
China Yuan (RMB)   RMB 6.9261     RMB 7.2712  
United States Dollar ($)   $ 1.0000     $ 1.0000  

 

    Exchange Rate at
    March 31, 2026   December 31, 2025
    (Unaudited)    
China Yuan (RMB)   RMB 6.9033     RMB 6.9949  
United States Dollar ($)   $ 1.0000     $ 1.0000