Treasure Global Inc.(NASDAQ:TGL) 
Treasure Global Inc. designs and develops a Malaysian e-commerce platform that helps subscribers to connect with local merchants by offer activities, travel, goods, services and rewards. The company offers z-city, a cross profit-sharing platform that allows business owners to promote their product, ...
Website: https://treasureglobal.co
Founded: 2020
IPO Price: $4.00 (Aug 11, 2022)
Full Time Employees: 48
Sector: Technology
Industry: Software—Application
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 1,500,907 | 1,080,992 | 182,527 | 1,154,767 | 666,521 | 301,898 | 207,371 | 293,000 | 1,596,129 | 6,713,805 | 13,463,895 | 15,255,698 | 18,152,113 | 20,444,168 | 15,556,340 | |
yoy | 125.19% | 258.07% | -11.98% | 294.12% | -58.24% | -95.50% | -98.46% | -98.08% | -91.21% | -67.16% | -13.45% | |||||
qoq | 38.85% | 492.24% | -84.19% | 73.25% | 120.78% | 45.58% | -29.22% | -81.64% | -76.23% | -50.13% | -11.75% | -15.96% | -11.21% | 31.42% | ||
cost of revenue | -1,494,492 | -1,080,085 | -181,241 | -367,348 | -180,238 | -77,947 | -35,199 | -202,181 | -1,379,123 | -6,368,202 | -13,301,261 | -15,184,495 | -18,004,280 | -20,210,159 | -15,519,247 | |
gross profit | 6,415 | 907 | 1,286 | 787,419 | 486,283 | 223,951 | 172,172 | 90,819 | 217,006 | 345,603 | 162,634 | 71,203 | 147,833 | 234,009 | 37,093 | |
yoy | -98.68% | -99.60% | -99.25% | 767.02% | 124.09% | -35.20% | 5.86% | 27.55% | 46.79% | 47.69% | 338.45% | |||||
qoq | 607.28% | -29.47% | -99.84% | 61.93% | 117.14% | 30.07% | 89.58% | -58.15% | -37.21% | 112.50% | 128.41% | -51.84% | -36.83% | 530.87% | ||
gross margin % | 0.43% | 0.08% | 0.70% | 68.19% | 72.96% | 74.18% | 83.03% | 31.00% | 13.60% | 5.15% | 1.21% | 0.47% | 0.81% | 1.14% | 0.24% | |
selling | -50,672 | -24,673 | -20,872 | -4,086 | -7,965 | -39,670 | -77,746 | -196,325 | -292,253 | -510,640 | -761,703 | -987,468 | -1,174,925 | -1,266,300 | -1,293,030 | |
general and administrative | -3,811,991 | -3,787,988 | -842,921 | -1,411,192 | -516,384 | -774,151 | -788,894 | -1,374,394 | -1,113,805 | -786,043 | -1,237,167 | -1,634,342 | -1,369,369 | -855,573 | -810,746 | |
long-live assets impairment | -3,044,877 | |||||||||||||||
research and development | -78,892 | -24,671 | -777,973 | -130,212 | -5,343 | -33,136 | -47,209 | -111,394 | -181,502 | -138,236 | -82,392 | -145,874 | -105,961 | -167,933 | -129,297 | |
stock-based compensation | -251,196 | -787,227 | -100,000 | -70,000 | -70,000 | -380,000 | -439,332 | |||||||||
total operating expenses | -4,192,751 | -7,669,436 | -1,741,766 | -21,271,238 | -529,692 | -916,957 | -983,849 | -1,775,224 | -1,587,560 | -1,434,919 | -2,081,262 | -2,767,684 | -3,030,255 | -2,289,806 | -2,672,405 | |
income from operations | -4,186,336 | -7,668,529 | -1,740,480 | -20,483,819 | -43,409 | -693,006 | -811,677 | -1,684,405 | -1,370,554 | -1,089,316 | -1,918,628 | -2,696,481 | -2,882,422 | -2,055,797 | -2,635,312 | |
yoy | 9543.94% | 1006.56% | 114.43% | 1116.09% | -96.83% | -36.38% | -57.69% | -37.53% | -52.45% | -47.01% | -27.20% | |||||
qoq | -45.41% | 340.60% | -91.50% | 47087.95% | -93.74% | -14.62% | -51.81% | 22.90% | 25.82% | -43.22% | -28.85% | -6.45% | 40.21% | -21.99% | ||
operating margin % | -278.92% | -709.40% | -953.55% | -1773.85% | -6.51% | -229.55% | -391.41% | -574.88% | -85.87% | -16.23% | -14.25% | -17.68% | -15.88% | -10.06% | -16.94% | |
other income | -274,427 | 26,035 | 23,425 | 53,097 | 24,079 | 10,799 | 1,379 | 293,319 | 6,516 | -225,721 | 28,400 | -45,632 | 1,329 | 55,187 | 14,325 | |
interest expense | -673 | -282 | -676 | -2,016 | -615 | -857 | -1,511 | -2,906 | -2,572 | -21,593 | -47,849 | -45,182 | -8,220 | -55 | -41,785 | |
unrealized holding loss on marketable securities | -42,295.75 | -501,848 | -127,507 | -174,785 | -346,705 | -412,607 | ||||||||||
gain from disposal of subsidiaries | 1,006,730 | |||||||||||||||
change in fair value of derivative liabilities | 1,183,478 | 4,632,913 | -416,173 | 35,159 | 1,781,758 | |||||||||||
total other income | 1,915,108 | 4,658,666 | 411,462.25 | 1,303,374 | 470,114 | -104,192 | 55,132 | |||||||||
income before income taxes | -2,271,228 | -3,009,863 | -2,133,904 | -23,125,758 | 1,259,965 | -222,892 | -939,316 | -1,523,219 | -1,713,315 | -1,193,508 | -2,116,787 | -3,054,014 | -2,914,568 | -2,000,665 | -3,660,848 | |
provision for income taxes | -50,000 | -100,000 | -328,656 | -9,440 | -11,391 | -18,863 | -6,006 | -14,925 | -63,116 | -11,500 | -11,500 | -11,500 | ||||
net income | -2,321,228 | -3,109,863 | -2,133,904 | -23,454,414 | 1,259,965 | -232,332 | -950,707 | -1,542,082 | -1,713,315 | -1,199,514 | -2,131,712 | -3,117,130 | -2,926,068 | -2,012,165 | -3,672,348 | |
yoy | -284.23% | 1238.54% | 124.45% | 1420.96% | -173.54% | -80.63% | -55.40% | -50.53% | -41.45% | -40.39% | -41.95% | |||||
qoq | -25.36% | 45.74% | -90.90% | -1961.51% | -642.31% | -75.56% | -38.35% | -9.99% | 42.83% | -43.73% | -31.61% | 6.53% | 45.42% | -45.21% | ||
net income margin % | -154.66% | -287.69% | -1169.09% | -2031.09% | 189.04% | -76.96% | -458.46% | -526.31% | -107.34% | -17.87% | -15.83% | -20.43% | -16.12% | -9.84% | -23.61% | |
other comprehensive income | ||||||||||||||||
foreign currency translation adjustments | -69,613 | 45,038 | 15,991 | -12,868 | 2,871 | -41,819 | -59,145 | 416,830 | -5,293 | |||||||
comprehensive income | -2,390,841 | -5,291.75 | 1,262,836 | |||||||||||||
income per share | ||||||||||||||||
basic and diluted* | -1.39 | -3.47 | -0.38 | -20.01 | 1.09 | -0.01 | -0.35 | 6.98 | -2.32 | |||||||
weighted-average number of common shares outstanding | ||||||||||||||||
unrealized holding income on marketable securities | ||||||||||||||||
comprehensive loss | -3,064,825 | -2,117,913 | -274,151 | -1,009,852 | -1,125,252 | -1,718,608 | -1,204,807 | -2,131,669 | -3,278,372 | -2,950,689 | -1,962,167 | -3,807,624 | ||||
loss per share | ||||||||||||||||
total other expense | -393,424 | -127,639 | 161,186 | -342,761 | -198,159 | -357,533 | -32,146 | -1,025,536 | ||||||||
other income from software developing service, net of cost | 675,131 | |||||||||||||||
amortization of debt discount | -119,402 | -238,882 | -266,719 | -25,255 | -998,076 | |||||||||||
unrealized holding gain on marketable securities | 460,172 | 60,172 | ||||||||||||||
weighted average number of common shares outstanding | ||||||||||||||||
other comprehensive loss | ||||||||||||||||
foreign currency translation adjustment | -5,293 | 43 | -161,242 | -24,621 | 49,998 | -135,276 | ||||||||||
loss per share | ||||||||||||||||
basic and diluted | -0.03 | -0.11 | -0.17 | -0.17 | -0.12 | -0.26 | ||||||||||
weighted-average number of common shares outstanding | ||||||||||||||||
basic and diluted | 37,794,450 | 19,051,153 | 16,691,956 | 17,319,862 | 17,288,116 | 13,909,851 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||
current assets | ||||||||||||||||
cash and cash equivalents | 2,913,960 | 5,452,456 | 1,250,478 | 236,895 | 281,027 | 258,578 | 72,561 | 200,013 | 306,532 | 1,226,570 | 2,616,384 | 4,593,634 | 4,094,673 | 4,720,614 | 7,007,815 | 1,845,232 |
crypto assets receivable | 301,937 | |||||||||||||||
crypto assets | 41,591 | |||||||||||||||
accounts receivable | 547,784 | 778,519 | 1,445,140 | 1,592,901 | 895,129 | 257,470 | 39,716 | 72,740 | 185,630 | 152,823 | 163,169 | 43,271 | 53,436 | 1,056 | ||
inventories | 18,456 | 136,416 | 21,140 | 13,184 | 12,505 | 13,855 | 22,121 | 27,467 | 48,242 | 126,884 | 382,995 | 400,543 | 213,761 | 197,688 | 141,467 | 216,069 |
other receivables and other current assets | 13,002,383 | 10,303,787 | 1,288,133 | 3,361,862 | 9,144,197 | 794,013 | 639,111 | 186,829 | 360,658 | 426,602 | 761,631 | 613,125 | ||||
other receivable, related party | 14,817 | 14,656 | 13,730 | 13,723 | 13,333 | 12,921 | 14,007 | |||||||||
prepayments | 317,045 | 308,365 | 303,175 | 304,771 | 304,945 | 294,615 | 373,881 | 358,526 | 406,247 | 401,111 | 254,220 | 248,551 | 381,519 | 530,772 | 440,944 | 203,020 |
total current assets | 17,157,974 | 16,994,199 | 4,321,796 | 5,523,336 | 10,671,192 | 2,135,750 | 1,205,523 | 956,714 | 1,206,648 | 2,379,378 | 4,180,356 | 6,031,401 | 5,219,329 | 5,719,425 | 8,005,638 | 2,273,101 |
other assets | ||||||||||||||||
property and equipment | 73,367 | 1,007,195 | 735,663 | 109,539 | 112,879 | 137,292 | 175,625 | 173,678 | 200,958 | 233,674 | 247,403 | 279,600 | 337,198 | 347,871 | 327,832 | 337,645 |
intangible assets | 3,044,877 | 3,044,877 | 15,153,640 | 14,239,294 | 4,230,726 | 3,130,936 | 2,421,520 | 1,626,449 | ||||||||
operating lease right-of-use assets | 93,657 | 102,379 | 114,375 | 9,911 | 17,257 | 31,609 | 42,557 | 51,351 | 61,377 | |||||||
other receivables and other assets, non-current | 4,359,078 | 6,134,719 | 8,389,981 | 6,081,021 | 4,479,770 | 2,583,884 | ||||||||||
total other assets | 4,432,445 | 7,235,571 | 12,272,900 | 9,349,812 | 19,746,289 | 16,960,470 | 5,903,634 | 3,321,871 | 2,954,947 | 2,550,245 | 1,358,926 | 520,061 | 404,503 | 431,181 | ||
total assets | 21,590,419 | 24,229,770 | 16,594,696 | 14,873,148 | 30,417,481 | 19,096,220 | 7,109,157 | 4,278,585 | 4,161,595 | 4,929,623 | 5,539,282 | 6,372,378 | 5,686,584 | 6,239,486 | 8,410,141 | 2,704,282 |
liabilities and stockholders’ equity | ||||||||||||||||
current liabilities | ||||||||||||||||
related party loan | 4,344 | |||||||||||||||
insurance loan | 55,779 | 23,423 | 40,490 | 51,211 | 19,411 | 38,371 | 56,889 | 80,736 | 160,292 | 238,686 | ||||||
accounts payable | 20,962 | 37,382 | 20,008 | 19,997 | 154,686 | 18,830 | 25,666 | 22,441 | 179,986 | 168,539 | 133,847 | 42,853 | ||||
contract liability | 12,210 | 4,688 | 1,394 | 872 | 182,105 | 182,915 | 208,698 | 188,748 | 171,629 | 192,506 | 1,209,171 | 44,347 | 139,864 | 165,579 | 56,757 | |
other payables and accrued liabilities | 4,567,532 | 3,561,583 | 3,298,029 | 3,444,929 | 429,799 | 447,806 | 510,532 | 508,657 | 549,888 | 612,988 | 717,600 | 723,396 | 418,804 | 288,907 | 290,409 | 1,161,860 |
other payables, related parties | 494 | 494 | 494 | 494 | 494 | 761 | 14,411 | 3,948 | 1,660 | 14,612 | 31,393 | 90,270 | ||||
operating lease liabilities | 50,525 | 53,259 | 36,606 | 19,880 | 17,257 | 25,261 | 33,194 | 31,733 | 40,274 | |||||||
income tax payables | 150,055 | 221,255 | 121,255 | 120,000 | 33,594 | 33,595 | 33,595 | 42,456 | 39,931 | 65,506 | 62,589 | 67,546 | 4,495 | 39,445 | 27,945 | 16,445 |
total current liabilities | 4,807,032 | 3,875,927 | 3,522,206 | 3,668,522 | 1,304,367 | 694,079 | 829,312 | 895,109 | 1,077,929 | 1,226,564 | 6,448,344 | 6,472,575 | 3,089,681 | 1,063,430 | 1,263,966 | 18,221,958 |
non-current liabilities | ||||||||||||||||
derivative liabilities | 1,165,795 | 2,349,273 | 1,037,695 | 383,886 | 431,403 | |||||||||||
operating lease liabilities -non current | 48,637 | 62,087 | 77,007 | |||||||||||||
total non-current liabilities | 1,165,795 | 2,397,910 | 1,099,782 | 460,893 | 1,574 | 2,743 | 13,197 | 16,349 | 27,301 | 30,135 | 37,460 | 47,959 | 55,911 | 78,883 | ||
total liabilities | 5,972,827 | 6,273,837 | 4,621,988 | 4,129,415 | 1,304,367 | 694,079 | 830,886 | 897,852 | 1,091,126 | 1,242,913 | 6,475,645 | 6,502,710 | 3,127,141 | 1,111,389 | 1,319,877 | 18,300,841 |
commitments and contingencies | ||||||||||||||||
stockholders’ equity | ||||||||||||||||
common stock | 18 | 18 | 77 | 41 | 16 | 329 | 53 | 17 | 913 | 692 | 208 | 180 | 176 | 173 | 173 | |
additional paid-in capital* | 84,470,713 | |||||||||||||||
accumulated deficit | -68,972,557 | -66,651,329 | -63,541,466 | -61,407,562 | -37,953,148 | -39,213,113 | -38,980,781 | -38,030,074 | -36,487,992 | -34,774,677 | -33,575,163 | -28,326,321 | -25,400,253 | -23,388,088 | -19,715,740 | |
accumulated other comprehensive income | 119,418 | 189,031 | 143,993 | 128,002 | 140,870 | 137,999 | 179,818 | 238,963 | -172,617 | 13,246 | -36,752 | 98,524 | ||||
total stockholders’ equity | 15,617,592 | 17,955,933 | 11,972,708 | 10,743,733 | 29,113,114 | 18,402,141 | 6,278,271 | 3,380,733 | 3,070,469 | 3,686,710 | ||||||
total liabilities and stockholders’ equity | 21,590,419 | 24,229,770 | 16,594,696 | 14,873,148 | 30,417,481 | 19,096,220 | 7,109,157 | 4,278,585 | 4,161,595 | 4,929,623 | ||||||
non-current assets | ||||||||||||||||
additional paid-in capital | 84,418,213 | 75,370,104 | 72,023,252 | 67,742,958 | 59,169,847 | 45,079,181 | 41,171,827 | 39,655,509 | 38,638,562 | 32,811,166 | 31,485,556 | 30,896,963 | 30,514,931 | 30,514,931 | 4,020,552 | |
investment in marketable securities | 2,450 | 504,298 | 44,126 | 171,633 | 300,860 | 647,565 | 1,060,172 | |||||||||
related party loan, current portion | 5,134 | 5,961 | 7,249 | 7,560 | 6,338 | 6,060 | 5,893 | 5,494 | 5,323 | 4,728 | 5,164 | 3,734 | 4,505 | |||
customer deposits | 15,114 | 3,684 | 3,970 | 70,080 | 48,285 | 133,527 | 152,814 | 161,475 | 134,452 | 107,604 | 88,462 | 73,317 | ||||
related party loan, non-current portion | 1,574 | 2,743 | 4,084 | 5,564 | 6,755 | 8,099 | 9,917 | 11,285 | 12,585 | 13,883 | ||||||
contract asset | 17,606 | |||||||||||||||
subscription receivable | -817,582 | -1,692,921 | ||||||||||||||
other receivables, non-current | 1,487,372 | |||||||||||||||
other receivable, a related party | 12,246 | 12,229 | 12,581 | 12,303 | 12,379 | |||||||||||
convertible notes payable, net of unamortized discounts of 0 and 358,284 as of june 30, 2024 and 2023, respectively | ||||||||||||||||
amount due to related parties | 319,815 | 320,960 | 331,614 | 332,188 | 428,857 | 2,060,088 | ||||||||||
operating lease liabilities, non-current | 9,113 | 10,785 | 20,546 | 22,036 | ||||||||||||
convertible notes payable, net of unamortized discounts of 0 and 358,284 as of march 31, 2024 and june 30, 2023, respectively | ||||||||||||||||
accumulated other comprehensive loss | -97,961 | -177,867 | -172,574 | |||||||||||||
convertible notes payable, net of unamortized discounts of 0 and 358,284 as of december 31, 2023 and june 30, 2023, respectively | ||||||||||||||||
liabilities and stockholders’ deficiency | ||||||||||||||||
convertible notes payable, net of unamortized discounts of 119,402 and 358,284 as of september 30, 2023 and june 30, 2023, respectively | 3,730,598 | |||||||||||||||
stockholders’ deficiency | ||||||||||||||||
total stockholders’ deficiency | -936,363 | -130,332 | ||||||||||||||
total liabilities and stockholders’ deficiency | 5,539,282 | 6,372,378 | ||||||||||||||
deferred offering costs | 93,536 | |||||||||||||||
total non-current assets | 340,977 | 467,255 | ||||||||||||||
convertible notes payable, net of unamortized discounts of 358,284 and 717,260 as of june 30, 2023 and 2022, respectively | 4,791,716 | |||||||||||||||
convertible notes payable, related parties | 2,437,574 | |||||||||||||||
loans from third parties | 1,417,647 | |||||||||||||||
accounts payable, related parties | ||||||||||||||||
contract liabilities | 157,080 | |||||||||||||||
senior note | 65,000 | |||||||||||||||
accumulated deficits | -31,443,451 | |||||||||||||||
other receivable and other current assets | 486,105 | 216,915 | 414,356 | 8,780 | ||||||||||||
operating lease right-of-use asset | 63,179 | 72,108 | 76,671 | |||||||||||||
other asset, non-current | 66,878 | |||||||||||||||
liabilities and stockholders' deficiency | ||||||||||||||||
convertible notes payable, net of unamortized discounts of 137,693 and 717,260 as of march 31, 2023 and june 30, 2022, respectively | 1,862,307 | |||||||||||||||
account payable | 86,545 | 130,162 | 25,397 | |||||||||||||
account payable, related parties | 5,119 | 14,326 | ||||||||||||||
operating lease liability | 35,636 | 32,320 | 33,429 | |||||||||||||
operating lease liability, non-current | 27,543 | 36,674 | 43,326 | |||||||||||||
stockholders' equity | ||||||||||||||||
accumulated other comprehensive (loss) income | -11,375 | |||||||||||||||
total stockholders' equity | 2,559,443 | 5,128,097 | 7,090,264 | |||||||||||||
total liabilities and stockholders' equity | 5,686,584 | 6,239,486 | 8,410,141 | |||||||||||||
other assets, non-current | 100,082 | |||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||
convertible notes payable, net of unamortized discounts of 0 and 717,260 as of december 31, 2022 and june 30, 2022, respectively | ||||||||||||||||
convertible notes payable, net of unamortized discounts of 717,260 as of june 30, 2022 | ||||||||||||||||
accounts receivable, a related party | ||||||||||||||||
amount due from related parties | ||||||||||||||||
convertible notes payable, net of unamortized discounts of 717,260 and 0 as of june 30, 2022 and 2021, respectively | 10,954,042 | |||||||||||||||
customer deposits, related parties | ||||||||||||||||
convertible notes payable, net of unamortized discounts of 0 and 758,508 as of june 30, 2022 and 2021, respectively | ||||||||||||||||
convertible notes payable, a related party | ||||||||||||||||
stockholders' deficiency | ||||||||||||||||
issued and outstanding as of june 30, 2022 and 2021, respectively | 105 | |||||||||||||||
total stockholders' deficiency | -15,596,559 | |||||||||||||||
total liabilities and stockholders' deficiency | 2,704,282 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||
net income | |||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||
interest income on crypto assets receivable | |||||||||||||||
depreciation | 12,799 | 84,027 | 21,362 | 609 | 27,193 | 27,884 | 21,284 | 26,966 | 26,770 | 26,999 | 37,172 | 24,819 | 20,756 | 35,563 | 27,345 |
amortization of intangible assets | 158,433 | 157,428 | 178,021 | 302,802 | 281,327 | 199,748 | |||||||||
amortization of operating right-of-use assets | 12,947 | 12,214 | 12,012 | 3,979 | -29 | 9,308 | 9,086 | 5,281 | 9,759 | 9,728 | 9,793 | ||||
allowance for credit losses | 1,406,333 | 764,369 | 1 | 91,419 | -940 | 241,317 | 47,785 | ||||||||
long-live assets impairment | 0 | ||||||||||||||
loss from disposal of equipment | 310,737 | ||||||||||||||
stock-based compensation | 251,196 | 787,227 | 100,000 | -1,555 | 70,000 | 70,000 | 70,000 | 0 | 380,000 | 0 | 439,332 | ||||
change in fair value of derivative liabilities | -1,183,478 | -4,632,913 | 416,173 | -35,159 | |||||||||||
gain from disposal of subsidiaries | |||||||||||||||
unrealized holding loss on marketable securities | 501,848 | -460,172 | 127,507 | ||||||||||||
change in operating assets and liabilities | |||||||||||||||
accounts receivable | 198,384 | -23,479 | 147,708 | -697,142 | -635,360 | -228,011 | -35,784 | 25,192 | 8,008 | -34,459 | -38,300 | ||||
contract asset | |||||||||||||||
inventories | 109,570 | -110,949 | -7,917 | 118 | 1,430 | 6,686 | 8,595 | -9,446 | 74,567 | 260,167 | 15,317 | -206,037 | -16,213 | -47,903 | 66,125 |
other receivables and other assets | 524,298 | -1,220,115 | -174,982 | -2,683,608 | -3,935,178 | ||||||||||
other receivable, a related party | -7 | ||||||||||||||
prepayments | -5,030 | 5,848 | 1,762 | 16,516 | -8,281 | 51,059 | 33,457 | 48,945 | -15,843 | -138,983 | -7,302 | 117,260 | 142,355 | -62,225 | -256,331 |
accounts payable | 9,665 | -135,781 | 135,749 | -4,903 | -805 | 125,856 | 15,777 | 30,490 | 92,622 | 44,578 | -84,403 | -50,194 | 109,607 | ||
customer deposits | -529 | -3,605 | -532 | -70,442 | 22,134 | -82,103 | -22,331 | -7,786 | 35,469 | 27,097 | 13,827 | 19,394 | |||
contract liability | 7,348 | 3,144 | 520 | -198,046 | 12,985 | -9,753 | -6,643 | -21,472 | 53,848 | -92,871 | -34,686 | 115,402 | |||
other payables and accrued liabilities | 1,340,476 | 58,580 | -146,925 | 2,999,161 | -19,337 | -44,452 | -33,577 | 43,250 | -48,629 | -112,860 | 21,841 | 331,482 | 129,129 | -13,355 | 21,236 |
operating lease liabilities | -15,022 | -19,790 | 1,661 | -4,708 | 29 | -18,525 | 131 | 258 | -8,367 | -9,261 | -9,793 | ||||
income tax payables | -71,200 | 100,000 | 1,255 | 86,405 | 0 | 1 | 4 | 3,656 | -19,637 | -5,724 | -4,900 | 61,500 | -34,950 | 11,500 | 11,500 |
net cash from operating activities | -459,589 | -2,970,285 | -1,761,275 | -3,664,139 | -4,234,842 | -606,199 | -976,319 | -552,377 | -1,071,063 | -1,194,604 | -1,894,762 | -2,531,943 | -2,409,951 | -2,161,495 | -2,456,896 |
capital expenditures | -67,322 | -332,666 | -644,874 | -10,271 | -1,801 | 0 | 0 | -1,711 | -578 | -8,217 | -6,234 | -3,325 | -11,333 | -37,907 | -34,399 |
free cash flows | -526,911 | -3,302,951 | -2,406,149 | -3,674,410 | -4,236,643 | -606,199 | -976,319 | -554,088 | -1,071,641 | -1,202,821 | -1,900,996 | -2,535,268 | -2,421,284 | -2,199,402 | -2,491,295 |
cash flows from investing activities: | |||||||||||||||
purchases of property and equipment | -67,322 | -332,666 | -644,874 | ||||||||||||
purchases of crypto assets receivable | |||||||||||||||
prepayment of purchase consideration for business combination | -1,521,363 | -55 | -6,608 | ||||||||||||
collaboration deposit | 0 | 0 | -53,310 | -1,229,220 | -2,152,352 | -703,343 | -1,487,372 | ||||||||
net cash from investing activities | -1,882,960 | -332,721 | -704,792 | -1,423,579 | -2,154,153 | -706,089 | -1,487,372 | -45,943 | 257 | -200,694 | -6,234 | 22,395 | -11,333 | -37,907 | -34,399 |
cash flows from financing activities: | |||||||||||||||
proceeds from issuance of common stock in market offering | 1,063 | 0 | 0 | 2,457,390 | |||||||||||
proceeds from issuance of common stock and warrant under share purchase agreement | 0 | 3,603,594 | 3,484,524 | 5,023,531 | |||||||||||
proceeds from issuance of common stock under subscription agreement | 0 | ||||||||||||||
proceeds from exercise of warrants into common stock | 0 | ||||||||||||||
proceeds from direct offering | 0 | ||||||||||||||
payments of offering costs | 0 | ||||||||||||||
proceeds from private placement | 0 | ||||||||||||||
proceed from insurance loan | 113,115 | -23,423 | -17,067 | 0 | |||||||||||
principal payments of insurance loan | -10,721 | 0 | -19,411 | -18,960 | -18,517 | -6,077 | -80,736 | -79,556 | |||||||
payments of related party loan | -91 | -4,369 | -790 | -1,127 | -1,340 | -1,197 | -1,159 | -1,073 | -992 | -1,043 | -1,107 | -1,751 | -712 | -1,203 | |
net cash from financing activities | 55,688 | 7,493,379 | 3,466,667 | 5,076,313 | 6,412,590 | 1,507,413 | 2,437,271 | 349,254 | 72,245 | 9,637 | -80,663 | 3,144,581 | 1,798,258 | -94,659 | 7,811,008 |
effect of exchange rate on cash and cash equivalents | -251,635 | 11,605 | 12,983 | -32,727 | -1,146 | -9,108 | -101,032 | 142,547 | 78,523 | -136,072 | -2,915 | 6,860 | -157,130 | ||
increase in cash and cash equivalents | -2,538,496 | 4,201,978 | 1,013,583 | -44,132 | 22,449 | 186,017 | -127,452 | -106,519 | -920,038 | -1,389,814 | -1,977,250 | 498,961 | -625,941 | -2,287,201 | 5,162,583 |
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 200,013 | 0 | 0 | 4,593,634 | 0 | 0 | 1,845,232 | |||||
cash and cash equivalents, end of period | -2,538,496 | 22,449 | 186,017 | 72,561 | -920,038 | -1,389,814 | 2,616,384 | -625,941 | -2,287,201 | 7,007,815 | |||||
supplemental cash flows information | |||||||||||||||
income taxes paid | 40,000 | 101 | 162,290 | 11,391 | 9,440 | 0 | 0 | 9,000 | 20,957 | 0 | |||||
interest paid | 499 | 1,443 | 676 | -1,913 | 549 | 406 | 3,020 | 0 | 27,734 | 21,625 | 1,974 | 22,681 | 0 | 0 | 42,998 |
supplemental non-cash flows information | |||||||||||||||
insurance of common stock for acquiring intangible assets | |||||||||||||||
insurance of common stock for prepaid consulting fee | |||||||||||||||
insurance of common stock for software development | |||||||||||||||
acquisition of intangible assets through settlement of other receivables | 149,333 | ||||||||||||||
allocation of fair value of derivative liabilities for issuance of common stock | 0 | 10,559,476 | 237,636 | ||||||||||||
fair value of derivative liabilities upon exercise of warrants | 111,386 | ||||||||||||||
net loss | -3,109,863 | -2,133,904 | -232,332 | -950,707 | -1,542,082 | -1,713,315 | -1,199,514 | -2,131,712 | -3,117,130 | -2,926,068 | -2,012,165 | -3,672,348 | |||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||
account receivable, a related party | |||||||||||||||
issuance of common stock for acquiring intangible assets | 990,500 | 1,000,000 | |||||||||||||
issuance of common stock for prepaid consulting fee | |||||||||||||||
issuance of warrant in connection with the share purchase agreement | |||||||||||||||
subscription receivable from issuance of common stock for subscription agreement and share purchase agreement | |||||||||||||||
cash and cash equivalents, beginning of year | 236,895 | ||||||||||||||
cash and cash equivalents, end of year | 1,250,478 | ||||||||||||||
issuance of common stock for software development | 0 | 5,228,579 | 10,800,000 | 1,380,000 | |||||||||||
amortization of debt discounts | 0 | 0 | 119,402 | 238,882 | |||||||||||
inventories impairment | |||||||||||||||
other income from software developing service | |||||||||||||||
gain from disposal of motor vehicle | |||||||||||||||
net loss on marketable securities | |||||||||||||||
purchases of equipment | -10,271 | -1,801 | -1,711 | -578 | -8,217 | -6,234 | -3,325 | -11,333 | -37,907 | -34,399 | |||||
proceeds from sales of motor vehicle | |||||||||||||||
purchases of intangible asset | 523 | 835 | |||||||||||||
cash released from disposal of subsidiaries, net of cash received | |||||||||||||||
proceeds from sale of investment in marketable securities | |||||||||||||||
proceeds from issuance of common stock and prefunded warrants in public offering | |||||||||||||||
proceeds received from exercising prefunded warrants | 0 | 820 | |||||||||||||
capital contribution | 0 | ||||||||||||||
other payable, related party | -16,129 | -62,806 | 93,330 | ||||||||||||
repayments of convertible notes | -1 | 0 | |||||||||||||
fair value of common stock issued to consultant | 380,000 | 0 | 0 | 439,332 | |||||||||||
vesting of employee stock compensation | |||||||||||||||
conversion of convertible note payable, net of unamortized discounts | 0 | 0 | 485,432 | 1,325,638 | 0 | 0 | 14,097,414 | ||||||||
right-of-use assets in exchange for operating lease liabilities | |||||||||||||||
financing insurance premium paid by insurance loan | |||||||||||||||
marketable securities received as in exchange of software developing service | 0 | 0 | |||||||||||||
issuance of common stock to related parties for debts cancellation | 0 | 0 | |||||||||||||
proceeds from issuance of common stock and prefunded warrants in november 2023 offering | 0 | ||||||||||||||
allocation of fair value of derivative liabilities in connection with the issuance of common stock | |||||||||||||||
issuance of common stock for share purchase agreement | |||||||||||||||
advance proceeds received from exercising prefunded warrants | |||||||||||||||
issuance of warrant in connection with share purchase agreement | |||||||||||||||
other receivables and other current assets | -450,287 | 139,059 | 50,531 | 355,154 | -154,389 | ||||||||||
other payables, related parties | 2,332 | ||||||||||||||
other income from software developing service, net of cost | 0 | ||||||||||||||
fair value loss on marketable securities | |||||||||||||||
other receivables, a related party | |||||||||||||||
accounts payable, related parties | 34 | -142 | -5,164 | -8,789 | |||||||||||
proceeds from sale of equipment | |||||||||||||||
payments of deferred offering cost | 0 | 0 | 0 | -15,000 | |||||||||||
proceeds from issuance of commons stock in initial public offering | |||||||||||||||
proceeds from issuance of convertible notes | 3,220,000 | 1,840,000 | 0 | 2,672,092 | |||||||||||
repayment of senior note | 0 | 0 | 0 | -65,000 | |||||||||||
repayments to related parties | |||||||||||||||
proceeds from third party loans | -1,365 | 5,646 | -5,112 | 557,550 | |||||||||||
repayments to third party loans | |||||||||||||||
offering costs paid in the prior period | 0 | 0 | 0 | 93,536 | |||||||||||
beneficial conversion feature resulted from issuance of convertible notes | 209,644 | 2,035 | 0 | 537,383 | |||||||||||
fair value of warrants issued to underwriter | 0 | 0 | 0 | 175,349 | |||||||||||
fair value of warrants issued to consultant | 0 | 0 | 0 | 856,170 | |||||||||||
recognition of operating right-of-use asset and lease liability | 11,007 | 888 | -804 | 87,704 | |||||||||||
recognition of accrued restoration cost in a lease | |||||||||||||||
conversion of convertible note payable, related parties | 0 | 0 | 2,437,574 | ||||||||||||
inventories write-down | |||||||||||||||
unrealized loss on marketable securities | |||||||||||||||
contract liabilities | |||||||||||||||
proceeds from issuance of common stock in initial public offering | 1 | -1 | 0 | 8,235,110 | |||||||||||
proceeds received from insurance loan | |||||||||||||||
financing insurance premium by obtained an insurance loan | |||||||||||||||
provision for estimated credit losses | |||||||||||||||
unrealized holding gain on marketable securities | -60,172 | ||||||||||||||
effects of exchange rate on cash and cash equivalents | 4,409 | ||||||||||||||
marketable securities received as a deposit for software developing service | 1,000,000 | ||||||||||||||
allowance for (recovery of) doubtful accounts | |||||||||||||||
customer deposits, related parties | |||||||||||||||
payments of related party loans | |||||||||||||||
proceeds from issuance of convertible notes, related parties | |||||||||||||||
repayments from related parties | |||||||||||||||
conversion of convertible notes payable, net of unamortized discounts | |||||||||||||||
conversion of convertible notes payable, related parties | |||||||||||||||
insurance premium prepaid by insurance loan | |||||||||||||||
amortization of debt discount | 25,255 | 0 | 998,076 | ||||||||||||
amortization of operating right-of-use asset | 8,761 | 8,352 | 8,435 | ||||||||||||
recovery of doubtful accounts | |||||||||||||||
accounts receivables | 9,330 | -50,866 | -1,092 | ||||||||||||
accounts receivables, a related party | |||||||||||||||
other receivable and other current assets | 23,875 | 120,095 | -419,771 | ||||||||||||
operating lease liability | -5,733 | -11,468 | -8,347 | ||||||||||||
principal payment of insurance loan | |||||||||||||||
repayment to related parties | |||||||||||||||
repayment to third party loans | -19,760 | 17,890 | -1,951,041 | ||||||||||||
(repayment to) proceeds from related parties | -106,726 | -1,621,499 | |||||||||||||
(recovery of) provision for doubtful accounts | |||||||||||||||
payments of deferred offering costs | |||||||||||||||
capital contributions | |||||||||||||||
proceeds from issuance of senior note | |||||||||||||||
proceeds from third party loan | |||||||||||||||
beneficial conversion feature resulted from issuance of convertible note | |||||||||||||||
purchase of equipment through financing with related party |