$WFF

WF Holding Ltd

CIK:0001980210|SEC Filings

Consolidated Statements of Operation and Comprehensive (Loss) Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenue	$ 7,403,835	$ 4,572,290	$ 5,733,976
Cost of sales	5,041,795	2,726,974	3,753,619
Gross profit	2,362,040	1,845,316	1,980,357
Administrative expenses	3,879,873	1,729,469	1,324,892
(Loss) income from operations	(1,517,833)	115,847	655,465
Other (expense) income:
Interest expense, net	(16,725)	(20,958)	(22,309)
Other (expense) income	156,917	24,128	62,458
Impairment of investments	(3,279,652)
Share of loss of equity investees	(7,637)
Total other (expense) income	(3,147,097)	3,170	40,149
Net (loss) income before income tax expense	(4,664,930)	119,017	695,614
Income tax expense	(85,213)	(7,414)	(204,213)
Net (loss) income	(4,750,143)	111,603	491,401
Less net income attributable to non-controlling interests	19,583
Net (loss) income attributable to ordinary shareholders	(4,769,726)	111,603	491,401
Other comprehensive income (loss)
Foreign currency translation gain (loss)	313,257	75,266	(94,089)
Total comprehensive (loss) income	(4,436,886)	186,869	397,312
Less comprehensive income attributable to non-controlling interests	19,583
Total comprehensive (loss) income attributable to ordinary shareholders	$ (4,456,469)	$ 186,869	$ 397,312
(Loss) Earnings per share – basic (in Dollars per share)	$ (0.968)	$ 0.024	$ 0.107
(Loss) Earnings per share – diluted (in Dollars per share)	$ (0.968)	$ 0.024	$ 0.107
Weighted average number of shares outstanding – basic (in Shares)	4,927,064	4,590,004	4,590,004
Weighted average number of shares outstanding – diluted (in Shares)	4,927,064	4,590,004	4,590,004

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net (loss) income	$ (4,750,143)	$ 111,603	$ 491,401
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation of property and equipment	160,313	146,161	118,333
Amortization on land use right	7,621	7,132	7,158
Gain on disposal of property and equipment	(4,857)
Property and equipment written off	1	708	1,352
Allowance for credit losses	123,122	242,818	119,662
Impairment of goodwill	196,174
Impairment of equity investees	3,083,478
Deferred tax	4,594	(58,540)	(16,702)
Share of results of equity investees	7,637
Inventory write-downs	95,345
Amortization of rights of use assets	38,115	46,947	14,034
Changes in operating assets and liabilities:
Accounts receivable	72,442	170,975	(743,070)
Other receivables, deposits and prepayments	(350,591)	(132,539)	(28,858)
Accounts payable	436,019	(274,908)	(8,654)
Accrued expenses and other payables	115,417	265,822	15,092
Deferred revenue	(1,037,013)	687,414	126,718
Operating lease liabilities	(40,882)	(46,532)	(14,365)
Inventories	207,570	(401,440)	531,557
Related parties	(767,412)	74,312	238,607
Taxes payable	(33,745)	(86,475)	(196,469)
Net cash (used in) provided by operating activities	(2,436,795)	753,458	655,796
Cash flows from investing activities
Purchase of property and equipment	(281,745)	(51,519)	(73,087)
Proceeds from disposal of property and equipment	4,857
Acquisition of equity investees	(350,000)
Assets acquisitions	(2,999,872)
Acquisition of subsidiaries, net of cash acquired	(144,498)
Net cash used in investing activities	(3,771,258)	(51,519)	(73,087)
Cash flows from financing activities
Payment of offering costs	(1,801,983)	(356,423)	(338,967)
Proceeds from initial public offering, net	8,960,000
Repayment of borrowings	(66,913)	(57,002)	(55,315)
Repayment of finance lease liabilities	(64,135)	(52,218)	(48,512)
Cash provided by (used in) financing activities	7,026,969	(465,643)	(442,794)
Effects of foreign exchange rate on cash and cash equivalents and restricted cash	291,214	51,033	(57,398)
Net increase in cash and cash equivalents and restricted cash	1,110,130	287,329	82,517
Cash and cash equivalents and restricted cash at beginning of year	1,190,629	903,300	820,783
Cash and cash equivalents and restricted cash at end of year	2,300,759	1,190,629	903,300
Total cash and cash equivalents and restricted cash shown in the statements of cash flows
Cash and cash equivalents	2,300,759	1,056,732	777,125
Restricted cash		133,897	126,175
Total	2,300,759	1,190,629	903,300
Supplemental disclosures of cash flow information:
Interest paid	16,725	20,958	22,309
Income taxes paid	$ 114,364	$ 149,792	$ 411,617