v3.25.2

Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 33,300	$ 46,291
Accounts receivable, net	57,394	11,376
Inventory	48,697	43,748
Prepaid expense and other receivable	65,759	27,601
Total Current Assets	205,150	129,016
Property and equipment, net of accumulated	224	557
Right of use assets	37,713	93,091
TOTAL ASSETS	243,087	222,664
Current Liabilities
Accounts payable and accrued liabilities	75,777	42,260
Operating lease liabilities - Current	37,713	73,967
Tax payable	6,074	4,228
Total Current Liabilities	373,913	372,342
Operating lease liabilities - Noncurrent		19,124
TOTAL LIABILITIES	373,913	391,466
Commitments and contingencies
Stockholders’ Deficit
Series A-1 Preferred stock: 5,000,000 shares authorized; $0.001 par value 5,000,000 issued and outstanding at March 31, 2025 and December 31, 2024	5,000	5,000
Common stock: 2,000,000,000 shares authorized; $0.001 par value 74,640,766 shares issued and outstanding at March 31, 2025 and December 31, 2024	74,641	74,641
Additional Paid-in Capital	97,471,393	97,471,393
Statutory surplus reserve	314	314
Accumulated other comprehensive income	1,729	1,478
Accumulated deficit	(97,746,780)	(97,784,280)
Total Hong Yuan Holding Group Stockholders’ Deficit	(193,703)	(231,454)
Non-controlling interests	62,877	62,652
Total stockholders’ deficit	(130,826)	(168,802)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	243,087	222,664
Related Party [Member]
Current Liabilities
Due to related party	$ 254,349	$ 251,887

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

HONG YUAN HOLDING GROUP 10-Q