| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and cash equivalents | $98K-76.7% | $420K+89.5% | $222K-72.6% | $810K |
| Accounts receivable, net | $153K-91.6% | $1.8M+48.0% | $1.2M-65.2% | $3.6M |
| Inventories, net | $1.8M | — | $5.0M-42.7% | $8.8M |
| Prepayments and other current assets | $100K-33.9% | $151K+8.4% | $140K | — |
| Total Current Assets | $956K-81.5% | $5.2M-30.3% | $7.4M-44.9% | $13.4M |
| Deposits | $951K+121.9% | $429K+799.9% | $48K | — |
| Right-of-use assets, net | $134K-71.6% | $471K-6.4% | $503K-48.3% | $973K |
| Cost method investment | $1.0M | — | $1.0M | — |
| Property and equipment, net | $18.4M+332.6% | $4.2M-3.6% | $4.4M-4.0% | $4.6M |
| Total Assets | $20.4M+80.4% | $11.3M-20.3% | $14.2M-31.9% | $20.8M |
| Short-term loans | $4.2M+57.1% | $2.7M+240.7% | $783K+10.3% | $710K |
| Current portion of long-term debts | $466K+54.9% | $301K+12.0% | $269K+142.6% | $111K |
| Convertible notes | $1.7M+73.4% | $988K | — | — |
| Convertible notes - related party | $64K | — | — | — |
| Accounts payable | $9.7M-6.8% | $10.4M+276.7% | $2.8M-71.3% | $9.6M |
| Other payables and accrued liabilities | $5.2M+49.3% | $3.5M+1244.3% | $258K+14.1% | $226K |
| Operating lease liabilities - current | $101K-61.4% | $262K-27.0% | $359K-23.3% | $468K |
| Commitment shares to be issued | $171K | — | — | — |
| Tax accrual | $472K-5.9% | $501K+47.2% | $341K-14.7% | $399K |
| Deferred income - Contract liabilities | $50K-65.7% | $145K+21.8% | $119K-85.3% | $808K |
| Deferred income - Contract liabilities - related party | $86K+0.0% | $86K | — | — |
| Total Current Liabilities | $23.3M+17.6% | $19.8M+33.7% | $14.8M-11.6% | $16.7M |
| Long-term debts, net of current portion | $5.4M-4.9% | $5.7M-5.0% | $6.0M+101.5% | $3.0M |
| Operating lease liabilities, net of current portion | $36K-82.6% | $206K+30.2% | $158K-70.9% | $543K |
| Long-term convertiable notes - related party | $3.0M | — | — | — |
| Total Non-Current Liabilities | $8.4M+43.4% | $5.9M-4.1% | $6.1M+74.9% | $3.5M |
| Total Liabilities | $31.7M+23.6% | $25.7M+22.6% | $20.9M+3.4% | $20.2M |
| Redeemable convertible preferred stock ($0.0001 par value, 754 and nil issued and outstanding at December 31, 2025 and 2024, respectively), at redemption value | $1.5M | — | — | — |
| Common stock ($0.0001 par value,1,000,000,000 shares authorized,112,541,596 and 2,445,364 shares issued and outstanding at December 31, 2025 and 2024, respectively) | $11K+4488.2% | $246+232.4% | $74-96.7% | $2K |
| Additional paid-in capital | $24.0M+131.3% | $10.4M+580.0% | $1.5M+0.1% | $1.5M |
| Accumulated deficit | -$36.8M-48.8% | -$24.7M-199.9% | -$8.2M-806.7% | -$910K |
| Accumulated other comprehensive loss | -$706+28.0% | -$981+8.7% | -$1K+42.3% | -$2K |
| Total Stockholders’ Deficit | -$12.7M+11.1% | -$14.3M-113.4% | -$6.7M-1188.3% | $617K |
| Total Liabilities and Stockholders’ Deficit | $20.4M+80.4% | $11.3M-20.3% | $14.2M-31.9% | $20.8M |
| Related Party | ||||
| Accounts receivable - related party, net | $976K | — | $306K | — |
| Prepayments - related parties | $10K | — | — | — |
| Loan receivable – related party | $605K | — | — | — |
| Short-term loans - related parties | $194K-30.9% | $281K-64.2% | $783K | — |
| Accounts payable - related parties | $366K+18.8% | $308K-88.8% | $2.8M | — |
| Other payables - related parties | $515K+40.0% | $368K+42.5% | $258K | — |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.