Unaudited Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash	$ 115,216	$ 93,974
Short-term investment	107	107
Inventories, net	1,009,276	1,007,461
Prepaid expenses	238,830	195,633
Other receivable	469,429	383,216
Other current assets	104,417	90,651
Total Current Assets	6,487,087	5,926,553
NON-CURRENT ASSETS
Long-term Investment, net	2,390,421	2,127,249
Property and Equipment, net	1,939,595	1,728,227
Intangible asset, net	10,438,972	11,279,893
Construction in progress	3,750,000	3,750,000
Prepayment for land	40,773,097	40,223,001
Right of use assets, net	120,717	176,406
Prepayment for equipment and intangible assets – customer projects	279,710	279,710
Restricted cash	15,253	15,253
Deposits	435,032	392,907
Goodwill	4,573,819	4,573,819
Total Non-Current Assets	65,452,643	66,693,272
Total Assets	71,939,730	72,619,825
CURRENT LIABILITIES
Short-term loans	8,310,779	6,976,721
Convertible long-term bonds payable – current	200,000	200,000
Convertible long-term note payable - current	23,173,200	23,173,200
SAFE liabilities	7,120,000	5,410,000
Accounts payable	2,229,220	2,489,080
Accrued expenses	9,637,174	8,260,411
Other payable	11,535,713	10,435,027
Contract liability - current	762,000	762,000
Lease liabilities - current	156,882	168,251
Total Current Liabilities	70,447,258	64,366,331
Long-term Liabilities
Lease liabilities - non-current	1,025	56,303
Total Long-Term Liabilities	1,025	56,303
Total Liabilities	70,448,283	64,422,634
STOCKHOLDERS’ EQUITY
Preferred Stock, $0.001 par value, 50,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively
Common Stock, $0.001 par value,90,000,000 shares authorized, 19,638,849 and 18,352,613 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	19,638	18,352
Additional paid-in capital	116,115,315	114,391,555
Subscribed capital		527,783
Accumulated deficit	(115,361,803)	(106,674,555)
Accumulated other comprehensive loss	718,297	(65,944)
Total Stockholders’ Equity	1,491,447	8,197,191
Total Liabilities and Stockholders’ Equity	71,939,730	72,619,825
Related Parties
CURRENT ASSETS
Other receivable - related parties	4,549,812	4,155,511
NON-CURRENT ASSETS
Prepayment for equipment and intangible assets – customer projects – related parties	736,027	2,146,807
CURRENT LIABILITIES
Other payable - related parties	1,432,610	1,168,597
Prepayment from customer - related party	$ 5,889,680	$ 5,323,044

Aerkomm Inc. 10-Q