$AEI

Alset Inc.

CIK:0001750106|SEC Filings

Condensed Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total Revenue	$ 988,542	$ 1,098,962	$ 1,969,320	$ 2,167,265
Operating Expenses
Cost of Sales	904,665	1,021,954	1,610,333	1,990,898
General and Administrative	1,862,504	2,776,034	4,790,054	6,180,031
Impairments	14,748	56,435	14,748	683,915
Total Operating Expenses	2,781,917	3,854,423	6,415,135	8,854,844
Loss from Operations	(1,793,375)	(2,755,461)	(4,445,815)	(6,687,579)
Other (Expense) Income
Interest Expense	(3,365)	(32,085)	(13,532)	(83,203)
Gain on Disposal of a Subsidiary	17,261	384,356	17,261	384,356
Foreign Exchange Transaction Gain (Loss)	170,687	(4,834,398)	279,630	(6,243,500)
Loss on Equity Method Investment	(100,007)	(679,347)	(206,459)	(1,310,915)
Other Income (Expense), Net	352,485	(374,203)	654,875	(255,915)
Total Other Expense, Net	(4,027,566)	(6,085,681)	(6,630,409)	(11,615,507)
Net Loss Before Income Taxes	(5,820,941)	(8,841,142)	(11,076,224)	(18,303,086)
Income Tax Expense	(24,045)		(24,045)	(42,948)
Net Loss	(5,844,986)	(8,841,142)	(11,100,269)	(18,346,034)
Net Loss Attributable to Non-Controlling Interest	(572,543)	(619,701)	(1,305,844)	(1,791,116)
Net Loss Attributable to Common Stockholders	(5,272,443)	(8,221,441)	(9,794,425)	(16,554,918)
Other Comprehensive (Loss) Income
Foreign Currency Translation Adjustment	(744,447)	4,577,462	(497,344)	5,994,872
Total Comprehensive Loss	(6,589,433)	(4,263,680)	(11,597,613)	(12,351,162)
Less Comprehensive (Loss) Income Attributable to Non-controlling Interests	(678,553)	34,252	(1,376,666)	(935,324)
Total Comprehensive Loss Attributable to Common Shareholders	$ (5,910,880)	$ (4,297,932)	$ (10,220,947)	$ (11,415,838)
Net Loss Per Share - Basic	$ (0.14)	$ (0.71)	$ (0.25)	$ (1.49)
Net Loss Per Share - Diluted	$ (0.14)	$ (0.71)	$ (0.25)	$ (1.49)
Weighted Average Common Shares Outstanding - Basic	38,895,830	11,570,852	38,895,830	11,143,337
Weighted Average Common Shares Outstanding - Diluted	38,895,830	11,570,852	38,895,830	11,143,337
Nonrelated Party [Member]
Other (Expense) Income
Interest Income	$ 15,706	$ 81,706	$ 47,637	$ 174,594
Unrealized (Loss) Gain on Securities Investment	(2,345,853)	(551,910)	(4,168,896)	(271,002)
Realized Gain (Loss) on Securities Investment	228,133	(490,440)	(219,466)	(670,536)
Related Party [Member]
Other (Expense) Income
Interest Income	123,522	60,926	213,277	112,555
Unrealized (Loss) Gain on Securities Investment	(2,486,135)	2,788,562	(3,234,736)	(1,013,093)
Realized Gain (Loss) on Securities Investment		(2,438,848)		(2,438,848)
Rental [Member]
Revenue
Total Revenue	724,313	716,042	1,450,972	1,433,847
Other [Member]
Revenue
Total Revenue	$ 264,229	$ 382,920	$ 518,348	$ 733,418

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash Flows from Operating Activities
Net Loss from Operations	$ (5,844,986)	$ (5,255,283)	$ (8,841,142)	$ (9,504,892)	$ (11,100,269)	$ (18,346,034)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation					587,629	623,649
Non-Cash Lease Expenses					213,148	423,837
Impairments	14,748		56,435		14,748	683,915
Gain from Debt Extinguishment					(339,185)
Gain on Disposal of Subsidiary					(17,261)
Gain on Sale of Stock of Subsidiary						(384,356)
Foreign Transaction (Gain) Loss	(170,687)		4,834,398		(279,630)	6,243,500
Stock Based Compensation						840,000
Unrealized Loss on Securities Investment					4,168,896	271,002
Unrealized Loss on Securities Investment - Related Party					3,234,736	1,013,093
Realized Loss on Securities Investment					219,466	670,536
Realized Loss on Securities Investment-Related Party						2,438,848
Loss on Equity Method Investment	100,007		679,347		206,459	1,310,915
Changes in Operating Assets and Liabilities, net of acquisitions
Real Estate Reimbursement Receivable					99,940	939,900
Account Receivables					(1,209)	(28,492)
Prepaid Expense					90,626	51,483
Deposits					(1,704)	200,956
Trading Securities					(2,707,420)	(1,993,298)
Inventory					(3,128)	(7,068)
Accounts Payable and Accrued Expenses					(3,212,690)	(1,004,311)
Deferred Revenue						15,631
Operating Lease Liabilities					(344,688)	(338,518)
Net Cash Used in Operating Activities					(9,171,536)	(6,374,812)
Cash Flows from Investing Activities
Purchase of Fixed Assets					(87,831)	(144,842)
Purchase of Investment Securities					(14,858)
Proceeds from Sale of Equity Security Investment of a Related Party					98,634	2,613,143
Issuing Loan Receivable - Related Party					(4,532,533)	(910,193)
Collection of Loan Receivable - Related Party					831,128	117,804
Net Cash (Used in) Provided by Investing Activities					(3,705,460)	1,675,912
Cash Flows from Financing Activities
Proceeds from Common Stock Issuance						2,614,983
Buyback Treasury Stock						(27,642)
Borrowing from a Commercial Loan					4,816
Repayment to Notes Payable					(513,233)	(261,097)
Net Cash (Used in) Provided by Financing Activities					(508,417)	2,326,244
Net Decrease in Cash and Cash Equivalents and Restricted Cash					(13,385,413)	(2,372,656)
Effects of Foreign Exchange Rates on Cash and Cash Equivalents					418,418	(118,280)
Cash and Cash Equivalents and Restricted Cash - Beginning of Period		$ 25,292,972		$ 28,183,726	25,292,972	28,183,726	$ 28,183,726
Cash and Cash Equivalents and Restricted Cash- End of Period	12,325,977		25,692,790		12,325,977	25,692,790	$ 25,292,972
Cash	12,325,977		25,584,862		12,325,977	25,584,862
Restricted Cash			107,928			107,928
Total Cash and Restricted Cash	$ 12,325,977		$ 25,692,790		12,325,977	25,692,790
Supplementary Cash Flow Information
Cash Paid for Interest					2,063	2,091
Cash Paid for Taxes					255,000	42,948
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Initial Recognition of ROU / Lease Liability					15,789	132,044
Gain from DSS Warrants and Convertible Notes					$ 3,966,718	$ 87,131

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and Cash Equivalents	$ 12,325,977	$ 25,184,990
Restricted Cash		107,982
Account Receivables, Net	56,068	57,002
Other Receivables, Net	1,616,249	2,354,100
Note Receivables - Related Parties, Net	2,293,252	1,478,463
Prepaid Expense	102,392	182,276
Inventory	8,597	6,215
Deposits	103,042	75,108
Total Current Assets	30,171,404	44,765,787
Real Estate - Rental Properties, Net	29,083,594	29,620,952
Property and Equipment, Net	511,221	477,912
Operating Lease Right-Of-Use Assets, Net	421,487	494,957
Deposits	175,147	212,119
Other Receivables, Net	37,405
Investment in Securities at Cost	32,691	18,227
Investment in Equity Method Securities	54,906,939	55,115,468
Total Assets	124,940,908	136,587,114
Current Liabilities:
Accounts Payable and Accrued Expenses	1,951,332	5,041,818
Operating Lease Liabilities	496,489	578,916
Total Current Liabilities	2,519,628	5,933,131
Long-Term Liabilities:
Operating Lease Liabilities	235,353	332,035
Notes Payable	55,039	658,799
Total Liabilities	2,810,020	6,923,965
Commitments and Contingencies (Note 13)
Stockholders’ Equity:
Preferred Stock, $0.001 par value; 25,000,000 shares authorized, none issued and outstanding
Common Stock, $0.001 par value; 250,000,000 shares authorized; 39,401,786 and 9,235,119 shares issued on June 30, 2026 and December 31, 2025, respectively; 38,895,830 and 9,235,119 shares outstanding on June 30, 2026 and December 31, 2025, respectively	39,402	39,402
Additional Paid in Capital	424,762,288	421,138,522
Treasury Stock at Cost (505,956 shares on June 30, 2026 and December 31, 2025)	(1,004,875)	(1,004,875)
Accumulated Deficit	(309,060,907)	(299,266,482)
Accumulated Other Comprehensive (Loss) Income	(256,204)	168,802
Total Alset Inc. Stockholders’ Equity	114,479,704	121,075,369
Non-controlling Interests	7,651,184	8,587,780
Total Stockholders’ Equity	122,130,888	129,663,149
Total Liabilities and Stockholders’ Equity	124,940,908	136,587,114
Related Party [Member]
Current Assets:
Convertible Loan Receivables - Related Party	1,392,555	636,334
Convertible Loan Receivables - Related Party	4,548,682	2,130,349
Investment in Securities at Fair Value - Related Party	5,052,338	3,751,343
Current Liabilities:
Notes Payable	21,794	21,508
Nonrelated Party [Member]
Current Assets:
Investment in Securities at Fair Value	12,273,272	14,683,317
Current Liabilities:
Notes Payable	$ 50,013	$ 290,889