Company research
Top KingWin Ltd
CIK 1938865Updated Sep 27, 2026
SecurityDPU · NASDAQ · equity
Historical securities (2)
WAI · NASDAQ · equity · closed Jul 15, 2026TCJH · NASDAQ · equity · closed Oct 18, 2024DPU price & chart
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 33,322,969Source | 41,577,529Source | 10,237,109Source | 5,088,029Source |
| Property, Plant and Equipment, NetUSD | 27,563Source | 137,606Source | 213,891Source | 210,330Source |
| GoodwillUSD | — | — | 2,973,850Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 57,968Source | 63,333Source | 46,365Source | 30,538Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 13,085,466Source | 2,814,010Source | 4,618,670Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 766,327Source | 465,867Source | 504,472Source | 95,691Source |
| Assets, CurrentUSD | 33,237,438Source | 40,752,745Source | 6,613,368Source | 2,860,035Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | — | — | 97,911Source |
| Operating Lease, Right-of-Use AssetUSD | — | 564,808Source | 353,471Source | 522,278Source |
| Other Assets, NoncurrentUSD | — | 59,037Source | 36,164Source | 40,376Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,992,875Source | 5,875,504Source | 2,832,157Source | 3,266,044Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | — | 17,918Source | — | 821Source |
| Additional Paid in CapitalUSD | — | — | 8,275,034Source | 114,726Source |
| Retained Earnings (Accumulated Deficit)USD | -33,628,317Source | -9,607,600Source | -928,311Source | 1,563,563Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -241,722Source | -274,446Source | -225,791Source | -138,849Source |
| Stockholders' Equity Attributable to ParentUSD | 30,330,094Source | 35,702,025Source | 7,404,952Source | 1,821,985Source |
| Additional Paid in Capital, Common StockUSD | 63,770,261Source | 45,283,229Source | — | — |
| Liabilities and EquityUSD | 33,322,969Source | 41,577,529Source | 10,237,109Source | 5,088,029Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,992,875Source | 5,593,050Source | 2,670,271Source | 2,892,976Source |
| Operating Lease, Liability, CurrentUSD | — | 284,100Source | 192,159Source | 165,506Source |
| Accounts Payable, CurrentUSD | — | — | — | 264,006Source |
| Operating Lease, Liability, NoncurrentUSD | — | 282,454Source | 161,886Source | 373,068Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 766,327Source | 647,463Source | — | 95,691Source |
| Accrued Liabilities, CurrentUSD | 1,516,096Source | 1,979,109Source | 928,965Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -771,483Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,381,800Source | 1,773,300Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 113,095Source | 90,673Source | 321,504Source | -736,207Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 115,094Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,296,079Source | -39,381,213Source | -1,646,355Source | -1,395,937Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 469,913Source | 335,120Source | -4,062,943Source | -45,679Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 10,052Source | 12,374Source | 76,356Source | 32,199Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 11,970,851Source | 37,272,453Source | 7,772,884Source | 304,172Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 10,271,456Source | -1,834,970Source | 1,994,795Source | -1,241,216Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 13,085,466Source | 2,814,010Source | — | 2,654,185Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | — | 422Source | — | 480,263Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | -68,791Source | -103,772Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 7,917Source | 9,821Source | 6,020Source | 2,754Source |
| DepreciationUSD | — | 81,891Source | 71,590Source | 61,903Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | -176,500Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,569,106Source | -917,691Source | 30,101Source | -203,486Source |
| Gain (Loss) on Sale of InvestmentsUSD | -546,150Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -31,474Source | 453Source | -913Source | — |
| Gain (Loss) on Termination of LeaseUSD | — | — | 20,245Source | — |
| General and Administrative ExpenseUSD | 24,344,305Source | 7,606,065Source | 3,587,167Source | 2,136,437Source |
| GoodwillUSD | — | — | 2,973,850Source | — |
| Goodwill, Impairment LossUSD | — | 2,973,850Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -24,020,717Source | -8,146,591Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -532,698Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 771,483Source |
| Income Tax Expense (Benefit)USD | — | 54,531Source | 115,031Source | -121,113Source |
| Net Income (Loss) Attributable to ParentUSD | -24,020,717Source | -8,679,289Source | -2,547,668Source | -771,483Source |
| Nonoperating Income (Expense)USD | 222,950Source | — | — | — |
| Operating ExpensesUSD | 24,944,046Source | 8,459,541Source | 6,068,297Source | 3,085,002Source |
| Other Nonoperating Income (Expense)USD | — | -962,069Source | 44,977Source | 27,194Source |
| Proceeds from Contributed CapitalUSD | 11,500,000Source | 35,251,717Source | 8,161,783Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 8,038,370Source | 4,474,690Source | 5,453,241Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 8,038,370Source | 3,750,352Source | — | 3,122,324Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -24,243,667Source | -7,129,991Source | -2,477,614Source | -919,790Source |
| Other Nonoperating Income (Expense)USD | — | -962,069Source | 44,977Source | 27,194Source |
| Income Tax Expense (Benefit)USD | — | 54,531Source | 115,031Source | -121,113Source |
| Net Income (Loss) Attributable to ParentUSD | -24,020,717Source | -8,679,289Source | -2,547,668Source | -771,483Source |
| Earnings Per Share, BasicUSD per share | -26.92Source | -0.12Source | -0.18Source | -0.06Source |
| Earnings Per Share, DilutedUSD per share | -26.92Source | -0.12Source | -0.19Source | -0.08Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 892,314Source | 73,451,251Source | 13,947,917Source | 12,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 892,314Source | 73,451,251Source | 13,947,917Source | 12,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 7,917Source | 9,821Source | 6,020Source | 2,754Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 84,241Source | 89,440Source | 77,610Source | 64,657Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,569,106Source | -917,691Source | 30,101Source | -203,486Source |
| General and Administrative ExpenseUSD | 24,344,305Source | 7,606,065Source | 3,587,167Source | 2,136,437Source |
| Goodwill, Impairment LossUSD | — | 2,973,850Source | — | — |
| Gross ProfitUSD | 700,379Source | 1,329,550Source | 3,590,683Source | 2,165,212Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | -2,432,637Source | -892,596Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -24,020,717Source | -8,146,591Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -532,698Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 771,483Source |
| Interest Expense, DebtUSD | — | 74,190Source | — | — |
| Nonoperating Income (Expense)USD | 222,950Source | — | — | — |
| Operating ExpensesUSD | 24,944,046Source | 8,459,541Source | 6,068,297Source | 3,085,002Source |
| Other IncomeUSD | 1,576,795Source | 92,308Source | 63,771Source | 31,248Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 8,038,370Source | 4,474,690Source | 5,453,241Source | — |
| Selling ExpenseUSD | 599,741Source | 853,476Source | 2,481,130Source | 948,565Source |