$ABLV

Able View Global Inc.

CIK:0001957489|SEC Filings

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues
Revenue	$ 105,203,366	$ 126,762,314	$ 129,276,476
Cost of revenue
Total cost of revenue	(93,290,366)	(112,260,018)	(98,956,303)
Gross profit	11,913,000	14,502,296	30,320,173
Operating expenses
Selling and marketing expenses	(7,829,043)	(11,009,570)	(13,258,852)
General and administrative expenses	(4,570,570)	(3,698,769)	(5,726,932)
Total operating expenses	(12,399,613)	(14,708,339)	(18,985,784)
(Loss) income from operations	(486,613)	(206,043)	11,334,389
Other income (expenses), net
Interest expenses, net	(671,679)	(405,599)	(834,162)
Other income	40	98,929	52,156
Foreign currency exchange gain (loss)	461,728	(393,622)	(843,319)
Total other expenses, net	(209,911)	(700,292)	(1,625,325)
(Loss) income before income taxes	(696,524)	(906,335)	9,709,064
Income tax expenses	(2,070,829)	(240,231)	(301,898)
Net (loss) income from continuing operations	(2,767,353)	(1,146,566)	9,407,166
Discontinued operations:
(Loss) income before income taxes from operations of discontinued operation	(675,658)	(8,685,904)	1,981,834
Gain on disposal of discontinued operation	4,760,997
Income tax (expenses) benefits	(497,968)	2,413,058	(1,638,954)
Net income (loss) from discontinued operations	3,587,371	(6,272,846)	342,880
Net income (loss)	820,018	(7,419,412)	9,750,046
Accretion of convertible redeemable preferred shares			(160,000)
Net income attributable to Able View Global Inc’s preferred shareholders			(148,701)
Net income (loss)attributable to Able View Global Inc’s ordinary shareholders	820,018	(7,419,412)	9,441,345
Net (loss) income from continuing operations attributable to Able View Global Inc’s ordinary shareholders	(2,767,353)	(1,146,566)	9,098,465
Net income (loss) from discontinued operations attributable to Able View Global Inc’s ordinary shareholders	3,587,371	(6,272,846)	342,880
Other comprehensive (expenses) income
Foreign currency translation adjustment	(253,975)	(39,452)	39,671
Comprehensive income (loss)	566,043	(7,458,864)	9,789,717
Accretion of convertible redeemable preferred shares			(160,000)
Net income attributable to Able View Global Inc’s preferred shareholders			(148,701)
Comprehensive income (loss) attributable to Able View Global Inc’s ordinary shareholders	$ 566,043	$ (7,458,864)	$ 9,481,016
(Loss) earnings per share from continuing operations – basic (in Dollars per share)	$ (0.05)	$ (0.03)	$ 0.23
(Loss) earnings per share from continuing operations – diluted (in Dollars per share)	(0.05)	(0.03)	0.23
Earnings (loss) per share from discontinued operations – basic (in Dollars per share)	0.07	(0.14)	0.01
Earnings (loss) per share from discontinued operations – diluted (in Dollars per share)	0.07	(0.14)	0.01
Earnings (loss) per share – basic (in Dollars per share)	0.02	(0.17)	0.24
Earnings (loss) per share – diluted (in Dollars per share)	$ 0.02	$ (0.17)	$ 0.24
Weighted average shares – basic (in Shares)	49,389,922	42,564,831	39,454,997
Weighted average shares – diluted (in Shares)	49,389,922	42,564,831	39,454,997
Third Parties
Revenues
Revenue	$ 105,105,571	$ 124,603,580	$ 129,107,132
Cost of revenue
Total cost of revenue	(93,215,160)	(110,103,133)	(98,805,866)
Related Parties
Revenues
Revenue	97,795	2,158,734	169,344
Cost of revenue
Total cost of revenue	$ (75,206)	$ (2,156,885)	$ (150,437)

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Cash flows from operating activities:
Net income (loss)	$ 820,018	$ (7,419,412)	$ 9,750,046
Less: net income (loss) from discontinued operations	3,587,371	(6,272,846)	342,880
Net (loss) income from continuing operations	(2,767,353)	(1,146,566)	9,407,166
Adjustments to reconcile net (loss) income from continuing operations to net cash (used in) provided by operating activities from continuing operations:
Depreciation expenses	54,068	105,174	148,187
Write-down of inventories		1,294,720	11,992
Deferred income tax expenses (benefits)	1,512,221	77,225	(2,310,995)
Amortization of right of use assets	55,080	21,365	122,429
Provision of expected credit loss against other receivables		398,150
Gain from disposal of property and equipment		(30,683)
Changes in operating assets and liabilities:
Accounts receivable	2,651,171	(3,331,398)	8,164,644
Accounts receivable – related parties	1,134,443	(1,334,522)	1,595,999
Prepayment and other current assets	(4,139,606)	838,545	(917,102)
Inventories	3,283,623	7,662,427	1,040,670
Other non-current assets	188,477	(57,053)	(257,203)
Accounts payable	(7,920,130)	(7,639,158)	6,754,797
Advance from customers	683,408	(30,028)	15,088
Income tax payable	1,518,294	(2,254,635)	2,132,551
Lease liabilities	(74,429)	(18,655)	(265,375)
Other payable and accrued expenses	1,156,260	1,430,348	(141,209)
Amount due to related parties, current	(967,459)	287,135	(26,902)
Net cash (used in) provided by operating activities from continuing operations	(3,631,932)	(3,727,609)	25,474,737
Net cash provided by (used in) operating activities from discontinued operations	4,827,758	1,483,065	(1,901,407)
Net cash provided by (used in) operating activities	1,195,826	(2,244,544)	23,573,330
Cash flows from investing activities:
Purchase of property and equipment	(27,171)	(65,857)	(66,982)
Loans to third parties	(1,212,557)		(498,882)
Collection of loans from a third party	500,000
Payment to Shanghai Jingyue (Note 3)	(3,231,368)
Advances to related parties	(8,348)	(90,332)	(2,960,203)
Collection of advances from related parties	8,348	104,418	3,934,672
Net cash (used in) provided by investing activities from continuing operations	(3,971,096)	(51,771)	408,605
Net cash used in investing activities from discontinued operations	(311,612)	(973)	(154,943)
Net cash (used in) provided by investing activities	(4,282,708)	(52,744)	253,662
Cash flows from financing activities:
Proceeds from short-term borrowings	27,241,779	38,287,827	57,958,267
Repayments of short-term borrowings	(25,956,161)	(32,956,591)	(70,827,958)
Borrowings from related parties	9,196,474	8,637,872	3,949,929
Repayment of short-term borrowings to related parties	(8,836,032)	(12,015,652)	(6,571,994)
Proceeds from long-term borrowings		2,180,694
Payment of offering costs			(3,053,192)
Payment to repurchase of Class B ordinary shares		(865,500)	(432,750)
Payments of dividends to shareholders	(57,726)	(57,672)	(57,477)
Proceeds from issuance of convertible notes		4,000,000
Net cash provided by (used in) financing activities from continuing operations	1,588,334	7,210,978	(19,035,175)
Net cash (used in) provided by financing activities from discontinued operations	(4,490,841)	(3,169,394)	2,819,153
Net cash (used in) provided by financing activities	(2,902,507)	4,041,584	(16,216,022)
Effect of exchange rate changes on cash and cash equivalents from continuing operations	(166,965)	285,498	(22,045)
Effect of exchange rate changes on cash and cash equivalents from discontinued operations	2,952	(26,679)	(34,149)
Net (decrease) increase in cash and cash equivalents, including cash and cash equivalents classified to assets of discontinued operations	(6,153,402)	2,003,115	7,554,776
Less: net increase (decrease) in cash and cash equivalents of discontinued operations	28,257	(1,713,981)	728,654
Net (decrease) increase in cash and cash equivalents of continuing operations	(6,181,659)	3,717,096	6,826,122
Cash and cash equivalents of continuing operations at beginning of year	15,191,995	11,474,899	4,648,777
Cash and cash equivalents of continuing operations at end of year	9,010,336	15,191,995	11,474,899
Supplemental cash flow information
Cash paid for interest expense	574,738	246,796	848,129
Cash paid for income tax	392,629	2,716,065	483,360
Cash refunded for income tax	263,120	361,162
Noncash activities
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	251,883	13,403	109,580
Accretion of convertible redeemable preferred shares			160,000
Issuance of Class B ordinary shares to a financial advisor			6,160,000
Issuance of Class B ordinary shares for conversion of convertible notes		2,694,000
Due from a third party for disposal of property and equipment		103,937
Reduction of dividend payables due to disposal of discontinued operations	9,988,060
Net settlement of dividends payable with due from related parties from continuing operations	1,081,449
Net settlement of due from related parties and due to related parties within continuing operations	3,247,402	3,461,458	1,291,790
Net settlement of due from related parties and due to related parties between continuing operations and discontinued operations	$ 961,649	$ 2,323,802	$ 13,177,600

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 9,010,336	$ 15,191,995
Accounts receivable	12,765,279	15,012,273
Prepayments and other current assets	6,987,633	1,962,048
Inventories	3,347,184	6,349,620
Assets of discontinued operations, current		668,458
Total Current Assets	32,110,432	40,272,952
Non-current Assets
Property and equipment, net	117,635	139,183
Right of use assets, net	228,330	13,599
Deferred tax assets	1,494,931	2,221,467
Other non-current assets	598,943	777,935
Assets of discontinued operations, non-current		4,204,879
Total Non-current Assets	2,439,839	7,357,063
Total Assets	34,550,271	47,630,015
Current Liabilities
Short-term loans	9,259,172	7,972,764
Accounts payable	1,949,054	2,475,273
Advance from customers	909,243	187,913
Income tax payable	3,626,532	2,024,460
Lease liabilities, current	93,191	9,163
Other payable and accrued expenses	3,934,724	2,696,107
Liabilities of discontinued operations, current		1,949,380
Total Current Liabilities	19,771,916	17,416,718
Non-current Liabilities
Lease liabilities, non-current	110,622
Long-term borrowings	2,180,694	2,180,694
Liabilities of discontinued operations, non-current		4,924,205
Total Non-current Liabilities	7,006,146	23,122,082
Total Liabilities	26,778,062	40,538,800
Commitments and Contingencies
Shareholders’ Equity
Additional paid-in capital	4,889,368	4,889,368
Statutory reserve	666,574	158,027
Retained earnings	2,354,276	2,042,805
Accumulated other comprehensive loss	(142,948)	(3,924)
Total Shareholders’ Equity	7,772,209	7,091,215
Total Liabilities and Shareholders’ Equity	34,550,271	47,630,015
Class A Ordinary Shares
Shareholders’ Equity
Ordinary shares value	2,487	2,487
Class B Ordinary Shares
Shareholders’ Equity
Ordinary shares value	2,452	2,452
Related Party
Current Assets
Accounts receivable – related party		1,088,558
Current Liabilities
Amount due to related parties		101,658
Non-current Liabilities
Amount due to related parties, non-current	$ 4,714,830	$ 16,017,183