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333-26606, which was declared effective by the SEC on February 12, 2024.
−Removed: We invested $7.0 million from the proceeds of our initial public offering in an 8% promissory note issued by Webao Limited, a Hong Kong based social media company.
−Removed: The initial maturity was June 1, 2024 and it was extended twice at the request of the maker to June 30, 2025.
−Removed: Our China segment invested RMB 5,000,000, or approximately $688,000, in a 5% note due June 25, 2024 issued by Qingdao Xiaohuangbei Technology Co., Ltd., a PRC-based company.
−Removed: The initial maturity was June 25, 2024 and it was extended twice at the request of the maker to June 30, 2025.
−Removed: These notes are shown on our balance sheet as short-term investments.
−Removed: The full principal amount of these notes is outstanding on the date of this annual report.
+Added: We invested $7.0 million from the proceeds of our initial public offering in an 8% promissory note issued by Webao Limited, a Hong Kong based social media company (“Webao”).
+Added: This note has been paid as of the date of this annual report and the proceeds are used for working capital.
+Added: We also invested RMB 5,000,000, or approximately $688,000, in a 5% note due June 25, 2024 issued by Qingdao.
+Added: The initial maturity was June 25, 2024 and it was extended twice at the request of the maker to December 31, 2025.
+Added: The principal amount of RMB 3,655,525, or approximately $522,599, of this note is outstanding on the date of this annual report.
+Added: The note is shown on our balance sheet as held to maturity debt investments.
+Added: The note was fully paid in February 2026.
+Added: The proceeds of this note have been and will be used for working capital.
The balance of the proceeds was used for working capital, which included $5.5 million principal payments on convertible notes and $276,000 payment on legal settlement with former EB-5 noteholders.
−Removed: Recent Sale of Common Stock
−Removed: On March 19, 2025, we issued to an accredited investor 561,798 shares of common stock to at $0.89 per share, reflecting a 25% discount from the market price of the common stock, for a total purchase price of $500,000.
−Removed: No broker was involved in the sale.
+Added: Recent Sales of Common Stock
+Added: In December 2025 and January 2026, we issued a total of 2,603,622 shares of common stock to two accredited investors for a total of $1,518,535.
+Added: The shares were issued at prices per share ranging from $0.548 and $0.70 which represented a 25% discount from the market price of the common stock.
+Added: No brokers were involved in the sales.
The issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act as a transaction not involving a public offering.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.