CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 762,322	$ 322,426
Accounts receivable, net	479,271	312,200
Prepaid expenses and other current assets	19,311	16,773
Total current assets	1,260,904	651,399
Non-current assets:
Construction in progress	0	399,780
Property and equipment, net	2,965,233	1,739,468
Right-of-use assets, net	1,609,832	1,244,794
Total non-current assets	4,575,065	3,384,042
TOTAL ASSETS	5,835,969	4,035,441
Current liabilities:
Account payables	102,917	117,956
Accrued liabilities and other payables	582,767	1,161,150
Amount due to director	1,599,217	1,088,838
Amount due to shareholder	1,012,225	826,716
Construction payable	0	342,540
Convertible notes payable	0	170,000
Promissory notes payable	16	16
Earn-out payable	2,000,000	1,000,000
Lease liabilities	125,624	97,857
Income tax payable	12,883	17,515
Total current liabilities	5,435,649	4,822,588
Non-current liabilities:
Lease liabilities	1,616,932	1,254,618
Earn-out payable	2,710,975	3,999,306
Total non-current liabilities	4,327,907	5,253,924
TOTAL LIABILITIES	9,763,556	10,076,512
Commitments and contingencies (Note 19)
Shareholders’ deficit:
Common stock, par value $0.0001, 270,000,000,000 shares authorized, 362,844,342 and 308,958,835 shares issued and outstanding as of December 31, 2025 and 2024, respectively	36,285	30,897
Common stock to be issued, par value $0.0001, 15,816,576 and 0 shares to be issued as of December 31, 2025 and 2024, respectively	1,582	0
Additional paid-in capital	1,765,186	0
Accumulated other comprehensive loss	(5,788)	(2,033)
Accumulated losses	(5,725,890)	(6,070,973)
Total shareholders’ deficit	(3,927,587)	(6,041,071)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	5,835,969	4,035,441
Preferred Stock [Member]
Shareholders’ deficit:
Preferred stock, value	0	0
Series A Preferred Stock [Member]
Shareholders’ deficit:
Preferred stock, value	1,000	1,000
Series B Preferred Stock [Member]
Shareholders’ deficit:
Preferred stock, value	37	37
Series C Preferred Stock [Member]
Shareholders’ deficit:
Preferred stock, value	$ 1	$ 1

Marvion Inc. 10-K