Unaudited Consolidated Balance Sheets - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 10,392,136	$ 7,775,330
Restricted cash	215,041	71,540
Short term investment	20,831,283	24,454,701
Notes receivable	18,733,369	14,704,079
Accounts receivable, net	25,885,240	17,256,479
Inventories, net	25,703,356	24,377,036
Advance to suppliers	75,640	80,757
Fixed deposit-current	1,500,264	2,966,386
Prepayments and other current assets	9,151,451	2,472,387
Total Current Assets	112,999,180	95,265,112
Non-current asset
Property, plant and equipment, net	11,746,243	11,889,147
Land use rights, net	3,348,730	3,325,188
Intangible assets	53,082	68,691
Deferred tax assets	452,771	446,613
Fixed deposit-non current	7,474,063	4,421,828
Other non-current assets	478,779	355,762
Total non-current assets	23,553,668	20,507,229
TOTAL ASSETS	136,552,848	115,772,341
Current Liabilities
Notes payable-bank acceptance notes	16,440,997	12,759,720
Accounts payable	33,565,416	25,604,917
Taxes payables	1,525,716	1,622,509
Contract liabilities	122,775	93,698
Other current liabilities	1,516,342	2,941,871
Total current liabilities	56,921,834	48,297,726
Non-current liabilities
Deferred revenue	1,039,241	1,083,784
Warrant liability	123,837	70,910
Total non-current liabilities	1,163,078	1,154,694
TOTAL LIABILITIES	58,084,912	49,452,420
COMMITMENTS AND CONTINGENCIES
Shareholders’ equity
Ordinary shares, value
Additional paid-in capital	38,602,913	33,017,917
Statutory reserves	3,842,331	3,842,331
Retained earnings	42,534,128	37,533,648
Accumulated other comprehensive loss	(727,302)	(1,452,410)
Total shareholders’ equity attributed to Greenland Technologies Holding Corporation and subsidiaries	84,252,070	72,941,486
Non-controlling interest	(5,784,134)	(6,621,565)
TOTAL SHAREHOLDERS’ EQUITY	78,467,936	66,319,921
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	136,552,848	115,772,341
Related Party
Current assets
Due from related parties-current	511,400	1,106,417
Current Liabilities
Due to related parties	3,750,588	5,275,011
Class A Ordinary Shares
Shareholders’ equity
Ordinary shares, value
Class B Ordinary Shares
Shareholders’ equity
Ordinary shares, value

Greenland Technologies Holding Corp. 10-Q