Oriental Culture Holding LTD
Business
Oriental Culture Holding LTD operates online e-commerce platforms that facilitate the offering and trading of collectibles, artwork and certain commodities. The company provides trading services and related offerings including investor education, market information, real-time customer support, warehousing and technical maintenance, as well as proprietary client software, matching and settlement systems and industry software solutions. Its operations are organized through subsidiaries, a wholly foreign-owned enterprise and variable interest entity arrangements, with dedicated marketing, technical support and warehouse management units. The company primarily serves customers in China and Hong Kong via its web and mobile platforms and through online and offline marketing and exhibition channels.
Summary from filing dated 2025-05-15
Financials
Consolidated Statement of Income
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Operating revenues: | — | — | — | |
| Total operating revenues | 2 | 622,690 | 2 | |
| Cost of revenues: (including warehouse cost from related party of $6, $21,075, and $64,051 for the years ended December 31, 2025, 2024 and 2023, respectively) | 270,828 | 182,181 | 405,628 | |
| Gross profit | 2 | 440,509 | 1 | |
| Operating expenses: | — | — | — | |
| Selling and marketing | 326,575 | 207,842 | 618,111 | |
| General and administrative | 5 | 3 | 5 | |
| General and administrative - related parties | — | 104,391 | 234,289 | |
| Provision for expected credit losses | 543,912 | — | — | |
| Total operating expenses | 5 | 4 | 6 | |
| Loss from operations | −4 | −3 | −4 | |
| Other income (expense) | — | — | — | |
| Gain from short-term investments | 164,784 | 109,964 | 89,474 | |
| Interest and investment income | 672,697 | 763,190 | 372,199 | |
| Impairment loss on intangible assets | 1 | 356,676 | — | |
| Gain on deconsolidation of VIE | 63,056 | — | — | |
| Other income, net | 324,825 | 247,277 | 290,088 | |
| Total other income, net | −124,638 | 763,755 | 751,761 | |
| Loss before income taxes | −4 | −2 | −4 | |
| Income tax (benefit) expense | −110,031 | 93 | 14,833 | |
| Net loss | −4 | −2 | −4 | |
| Other comprehensive loss | — | — | — | |
| Foreign currency translation adjustment | 741,523 | −479,801 | −560,679 | |
| Comprehensive loss | −3 | −3 | −4 | |
| Weighted average number of ordinary shares * | — | — | — | |
| Basic (in Shares) | 35,968 | 20,039 | 6,469 | |
| Diluted (in Shares) | 35,968 | 20,039 | 6,469 | |
| Loss per share * | — | — | — | |
| Basic (in Dollars per share) | −107.26 | −121.44 | −556.29 | |
| Diluted (in Dollars per share) | −107.26 | −121.44 | −556.29 |
Consolidated Balance Sheet
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Current assets | — | — | |
| Cash and cash equivalents | 32 | 17 | |
| Restricted cash | — | 6 | |
| Short-term investments | 3 | 5 | |
| Restricted investment | — | 11 | |
| Accounts receivable, net | 376,725 | 278 | |
| Inventory | 567,513 | 1 | |
| Other receivables and prepaid expenses | 302,258 | 1 | |
| Other receivable - related party | 20 | — | |
| Total current assets | 57 | 42 | |
| Property and equipment, net | 9 | 9 | |
| Other assets | — | — | |
| Cost method investments | 924,034 | 903,518 | |
| Intangible assets, net | 6,208 | 2 | |
| Deferred tax assets, net | 138,185 | — | |
| Total other assets | 1 | 2 | |
| Total assets | 67 | 53 | |
| Current liabilities | — | — | |
| Accounts payable | 1 | 2 | |
| Accounts payable - related parties | 296,672 | 502 | |
| Deferred revenue | 3,841 | 78,427 | |
| Other payables and accrued liabilities | 500,377 | 616,340 | |
| Taxes payable | 59,998 | 13,498 | |
| Total current liabilities | 2 | 3 | |
| Total liabilities | 2 | 3 | |
| Commitments and Contingencies | — | — | |
| Shareholders’ Equity | — | — | |
| Preferred shares, $0.00005 par value, 100,000,000 shares authorized, 12,000,000 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 600 | — | |
| Ordinary shares, $0.165 par value, 3,000,000 and 272,728 shares authorized, 151,873 and 31,048 shares issued, 148,960 and 28,135 shares outstanding as of December 31, 2025 and 2024, respectively* | 25,054 | 5,118 | |
| Treasury shares, at cost, 2,913 shares issued as of December 31, 2025 and 2024, respectively* | 481 | 481 | |
| Additional paid-in capital | 48 | 30 | |
| Statutory reserves | 178,303 | 155,313 | |
| Retained earnings | 18 | 22 | |
| Accumulated other comprehensive loss | −1 | −2 | |
| Total shareholders’ equity | 65 | 50 | |
| Total liabilities and shareholders’ equity | 67 | 53 |
Consolidated Statement of Cash Flows
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Cash flows from operating activities: | — | — | — | |
| Net loss | −4 | −2 | −4 | |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | — | — | — | |
| Depreciation and amortization | 286,333 | 488,130 | 610,369 | |
| Gain from short-term investments | 15,800 | 109,964 | 89,474 | |
| Stock compensation | 4 | 573,000 | 92,963 | |
| Impairment loss on intangible assets | 1 | 356,676 | — | |
| Loss from disposal of property, plant and equipment | — | −68,282 | — | |
| Loss from disposal of intangible assets | −53,685 | — | — | |
| Gain on deconsolidation of VIE | 63,056 | — | — | |
| Gain on disposal of subsidiary | — | 25,098 | — | |
| Provision for credit losses | 543,912 | — | — | |
| Deferred income tax, net | −135,978 | — | — | |
| Non-cash lease expense | — | 11,489 | 22,773 | |
| Change in operating assets and liabilities: | — | — | — | |
| Accounts receivable | 914,339 | 281 | −209 | |
| Accounts receivable - related parties | — | — | −28,969 | |
| Inventory | −680,730 | 1 | — | |
| Other receivables and prepaid expenses | −867,482 | 842,693 | −4 | |
| Other receivable - related party | 2 | −344,219 | −3 | |
| Accounts payable | −414,713 | −1 | −351,404 | |
| Accounts payable - related parties | 389,554 | −27,226 | −364 | |
| Deferred revenue | −75,147 | −101,771 | −260,945 | |
| Other payables and accrued liabilities | 71,611 | 77,417 | −9,155 | |
| Taxes payable | −40,393 | −3,109 | 3,695 | |
| Lease liability | — | −11,489 | −20,734 | |
| Net cash provided by (used in) operating activities | 77,103 | −4 | 4 | |
| Cash flows from investing activities: | — | — | — | |
| Purchase of short-term investments | 143 | 46 | 15 | |
| Proceed from sale of short-term investments | 138 | 35 | 14 | |
| Purchase of property, plant and equipment | — | 59,025 | 192,839 | |
| Proceeds from disposal of property, plant and equipment | 176,075 | 37,279 | — | |
| Purchase of intangible assets | 1 | 500,000 | 42,151 | |
| Net cash used in investing activities | −5 | −12 | −511,248 | |
| Cash flows from financing activities: | — | — | — | |
| Proceeds from private placement | — | 7 | — | |
| Payments or private placement financing costs | 300,000 | — | — | |
| Proceeds from issuance of common stock via ATM | 14 | — | — | |
| Cash outflow from disposal of subsidiary | — | 1,483 | — | |
| Proceeds released from escrow | — | — | 600,000 | |
| Net cash provided by financing activities | 14 | 7 | 600,000 | |
| Effect of exchange rate changes on cash and cash equivalents | 119,308 | −316,939 | −273,869 | |
| Increase (decrease) in cash and cash equivalents | 9 | −9 | 3 | |
| Cash and cash equivalents, end of year | — | — | — | |
| Cash and cash equivalents, end of year | — | — | — | |
| Supplemental disclosures of cash flow information: | — | — | — | |
| Cash paid for income tax | — | — | 14,455 | |
| Cash paid for interest | — | — | — | |
| Non-cash transactions: | — | — | — | |
| Transaction costs included in other payables and accrued liabilities | — | 300,000 | — | |
| Purchases of intangible assets included in accounts payable | — | 1 | — | |
| Cash and cash equivalents | — | — | — | |
| Restricted cash | — | — | — | |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | — | — | — |