Next Technology Holding Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
NXTT$4.71+5.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of June 30, 2025 · As of December 31, 2024 | |||
|---|---|---|---|
| (Audited) | |||
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $668,387 | $668,387 | |
| Digital assets | 632,067,553 | 78,322,430 | |
| Accounts receivable, net | 540,000 | 1,800,000 | |
| Prepayments | - | 12,125,500 | |
| Total current assets | 633,275,940 | 92,916,317 | |
| Non-current assets: | |||
| Investment in associate company | - | - | |
| Total non-current assets | - | - | |
| Total assets | $633,275,940 | $92,916,317 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current liabilities: | |||
| Accounts payable | $ | - | $730,000 |
| Amount due to related parties | 278,666 | 972,000 | |
| Income tax payable | 130,415 | 130,415 | |
| Other payable | 2,090,491 | 1,221,337 | |
| Total current liabilities | 2,499,572 | 3,053,752 | |
| Non-current liabilities: | |||
| Deferred tax liabilities | 91,175,187 | 8,234,503 | |
| Total non-current liabilities | 91,175,187 | 8,234,503 | |
| Total liabilities | $93,674,759 | $11,288,255 | |
| Stockholders’ Equity: | |||
| Common stock: no par value; 436,265,135 and 6,976,410 issued and outstanding on June 30, 2025 and December 31, 2024, respectively | 217,676,957 | 71,718,790 | |
| Retained earnings | 321,924,224 | 9,909,272 | |
| Total Stockholders’ Equity | $539,601,181 | $81,628,062 | |
| Total Liabilities and Stockholders’ Equity | $633,275,940 | $92,916,317 | |
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS AND COMPREHENSIVE INCOME(LOSS)
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Restated(a) · Restated(a) | ||||
| Revenue: | ||||
| Service revenue | $— | $— | $— | $— |
| Total service revenue | — | — | — | — |
| Cost of revenue | — | — | — | — |
| Gross Profit | — | — | — | — |
| Operating expenses: | ||||
| General and administrative expense | (255,962) | (344,999) | (705,820) | (675,144) |
| Total operating expenses | (255,962) | (344,999) | (705,820) | (675,144) |
| Loss from operations | (255,962) | (344,999) | (705,820) | (675,144) |
| Other income (loss) | 150,350,300 | (8,423,621) | 395,661,456 | 15,595,778 |
| Income (loss) before income taxes | 150,094,338 | (8,768,620) | 394,955,636 | 14,920,634 |
| Income tax (expenses) benefits | (31,519,811) | 1,841,411 | (82,940,684) | (2,301,348) |
| Net income (loss) from continuing operation | $118,574,527 | $(6,927,209) | $312,014,952 | $12,619,286 |
| Net income from discontinued operation | — | — | — | — |
| Total comprehensive income (loss) | 118,574,527 | (6,927,209) | 312,014,952 | 12,619,286 |
| Net comprehensive income (loss) per share, basic and diluted from continuing operation | $0.27 | $(0.99) | $1.16 | $2.74 |
| Net comprehensive income per share, basic and diluted from discontinued operation | - | — | — | — |
| Weighted-average shares outstanding, basic and diluted | 436,265,135 | 6,976,410 | 267,870,110 | 4,609,505 |
| (a) | In July 2024, the Company dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2024. (Note 17) |
|---|
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY
For the Three Months ended June 30, 2025
| Common Stock · Additional Paid in · Retained · Total Shareholder | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Earnings | Equity | |
| Balance as of March 31, 2025 | 436,265,135 | $— | $217,676,957 | $203,349,697 | $421,026,654 |
| Net income for the period | — | — | — | 118,574,527 | 118,574,527 |
| Balance as of June 30, 2025 | 436,265,135 | $— | $217,676,957 | $321,924,224 | $539,601,181 |
For the Three Months ended June 30, 2024
| Common Stock · Additional Paid in · Retained · Total Shareholder | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Earnings | Equity | |
| Balance as of March 31, 2024 | 2,625,130 | $— | $56,348,650 | $7,906,221 | $64,254,871 |
| Stock issued during the period | 4,351,280 | — | 15,370,140 | — | 15,370,140 |
| Net loss for the period(a) | — | — | — | (6,927,209) | (6,927,209) |
| Balance as of June 30, 2024 | 6,976,410 | $— | $71,718,790 | $979,012 | $72,697,802 |
For the Six Months ended June 30, 2025
| Common Stock · Additional Paid in · Retained · Total Shareholder | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Earnings | Equity | |
| Balance as of December 31, 2024 | 6,976,410 | $— | $71,718,790 | $9,909,272 | $81,628,062 |
| Stock issued during the period | 429,288,725 | — | 145,958,167 | — | 145,958,167 |
| Net income for the period | — | — | — | 312,014,952 | 312,014,952 |
| Balance as of June 30, 2025 | 436,265,135 | $— | $217,676,957 | $321,924,224 | $539,601,181 |
For the Six Months ended June 30, 2024
| Common Stock · Additional Paid in · (Accumulated Deficit)/ Retained · Total Shareholder | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Earnings | Equity | |
| Balance as of December 31, 2023 | 2,625,130 | $— | $56,348,650 | $(11,640,274) | $44,708,376 |
| Stock issued during the period | 4,351,280 | — | 15,370,140 | — | 15,370,140 |
| Net income for the period(a) | — | — | — | 12,619,286 | 12,619,286 |
| Balance as of June 30, 2024 | 6,976,410 | $— | $71,718,790 | $979,012 | $72,697,802 |
| (a) | In July 2024, the Company dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative statements of change in stockholders’ equity for the three and six months end June 30, 2024. (Note 17) |
|---|
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.**
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.