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Biddance AI Systems, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Hardware And Equipment Sales brought in 94% of the revenue Biddance AI Systems, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Hardware And Equipment Sales | $2.4M | $1.7M | $6.1M |
| Tax Services | $1.4M | $398.0K | $266.9K |
| Software Sales | $758.8K | $823.7K | $155.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue89¢$5.8M
- Other costs7¢$458.9K
- Income tax1¢$51.4K
- Profit3¢$180.1K
Out of $6.5M in revenue.2
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $6.5M | $2.9M | $4.6M |
| Cost of revenues | -$5.8M | -$1.9M | -$2.6M |
| Gross profit | $690.5K | $1.0M | $1.9M |
| General and administrative | $2.5M | $2.8M | $1.8M |
| Selling | $4.5K | $1.7K | $648 |
| Total operating expenses | $2.5M | $2.8M | $1.8M |
| Operating (loss) income | -$1.8M | -$1.7M | $101.1K |
| Government subsidies | $569.9K | ||
| Net investment gain | $1.4M | $336.2K | $330.6K |
| Interest income | $843.3K | $921.2K | $911.9K |
| Interest expense | -$308.9K | -$313.9K | -$313.9K |
| Deregistration cost | -$104.1K | ||
| Other income (expense), net | $2.7K | $50.8K | -$5.0K |
| Total other income, net | $1.9M | $890.2K | $1.5M |
| Income (loss) before income taxes | $128.7K | -$856.9K | $1.6M |
| Income tax (benefit) expense | -$51.4K | $39.7K | $546.9K |
| Net income (loss) | $180.1K | -$896.7K | $1.0M |
| Foreign currency translation gain (loss) | $555.2K | -$366.0K | -$330.1K |
| Comprehensive income (loss) | $735.4K | -$1.3M | $717.5K |
| Earnings (loss) per ordinary share, basic (in Dollars per share) | $0.02 | -$0.11 | $0.13 |
| Earnings (loss) per ordinary share, diluted (in Dollars per share) | $0.02 | -$0.11 | $0.13 |
| Weighted average number of ordinary shares outstanding, basic (in Shares) | 8.6M shares | 8.4M shares | 8.3M shares |
| Weighted average number of ordinary shares outstanding, diluted (in Shares) | 8.6M shares | 8.4M shares | 8.3M shares |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $3.6M | $7.2M | |
| Short-term investments | $18.0M | $22.9M | |
| Accounts receivable, net | $5.4M | $1.4M | |
| Advances to suppliers, net | $290.7K | $11.3K | |
| Inventories, net | $79.4K | $154.5K | |
| Loans receivable | $6.0M | $959.0K | |
| Other receivable | $6.8M | ||
| Prepaid expenses and other current assets | $491.7K | $1.5M | |
| Total current assets | $40.8M | $34.2M | |
| Non-current accounts receivable, net | $1.0M | $2.2M | |
| Non-current loans receivable | $286.0K | $4.4M | |
| Property, equipment and software, net | $475.2K | $744.9K | |
| Total non-current assets | $1.8M | $7.4M | |
| Total Assets | $42.6M | $41.5M | |
| Accounts payable | $292.1K | $255.9K | |
| Advance from customers | $11.0K | ||
| Deferred revenue | $73.1K | $55.7K | |
| Taxes payable | $1.8M | $1.7M | |
| Accrued expenses and other current liabilities | $148.3K | $130.7K | |
| Total current liabilities | $5.0M | $2.6M | |
| Deferred income tax liabilities, net | $1.6M | $1.6M | |
| Total non-current liabilities | $1.6M | $3.7M | |
| Total Liabilities | $6.6M | $6.3M | |
| Additional paid-in capital | $24.9M | $24.9M | |
| Statutory reserve | $836.2K | $836.2K | |
| Retained earnings | $10.7M | $10.5M | |
| Accumulated other comprehensive loss | -$420.1K | -$975.3K | |
| Total Shareholders Equity | $36.0M | $35.3M | $28.3M |
| Total Liabilities and Shareholders Equity | $42.6M | $41.5M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $180.1K | -$896.7K | $1.0M |
| Depreciation | $294.2K | $259.6K | $50.7K |
| Amortization of right-of-use assets | $3.2K | ||
| Loss on disposal of property, plant and equipment | $1.4K | ||
| Accrued interest income from loans, net | -$134.3K | -$225.7K | -$102.4K |
| Net investment gain | -$998.2K | -$58.1K | -$208.6K |
| Provision for (reversal of) expected credit losses of receivables and advance to suppliers | $344.7K | $366.7K | -$2.3K |
| Provision for obsolete inventories | $485 | $5.6K | |
| Deferred income tax | -$51.4K | $39.7K | $339.3K |
| Short-term investments trading securities | $1.6M | -$2.6M | -$1.7M |
| Accounts receivable | -$3.0M | $3.0M | $567.5K |
| Accounts receivable related party | $390.2K | ||
| Advances to suppliers | -$271.3K | -$8.2K | $472.2K |
| Deferred offering cost | -$130.1K | ||
| Inventories | $79.1K | $59.8K | $194.9K |
| Prepaid expenses and other current assets | $295.2K | $65.7K | -$13.0K |
| Accounts payable | $26.6K | -$265.2K | -$146.6K |
| Advance from customers | -$11.2K | $6.6K | $4.6K |
| Deferred revenue | $14.5K | -$9.4K | -$787.1K |
| Taxes payable | $40.6K | -$282.0K | $291.6K |
| Operating lease liabilities | -$3.2K | ||
| Due to related parties | -$584 | ||
| Accrued expenses and other current liabilities | $11.6K | -$119.1K | -$340.1K |
| Net cash used in operating activities | -$1.5M | -$688.5K | -$61.9K |
| Advance payment for software development | -$290.5K | -$339.3K | |
| Loans to third parties | -$3.9M | -$2.9M | -$11.3M |
| Repayment from third-party loans | $3.2M | $5.3M | $8.8M |
| Prepayment for office renovation | -$150.2K | ||
| Purchases of property and equipment | -$186.5K | ||
| Purchases of held-to-maturity investments | -$11.6M | -$18.2M | -$11.0M |
| Redemption of held-to-maturity investments | $9.2M | $7.5M | $7.2M |
| Refund of (payment for) deposit for acquisition | $1.0M | -$1.0M | |
| Net cash used in investing activities | -$2.1M | -$9.6M | -$6.9M |
| Proceeds from issuance of ordinary shares | $8.2M | $15.1M | |
| Net cash provided by financing activities | $8.2M | $15.1M | |
| Effect of exchange rate changes on cash | $20.6K | -$25.4K | -$26.1K |
| Net (decrease) increase in cash | -$3.6M | -$2.1M | $8.1M |
| Cash paid for income taxes | $79.1K | $36.5K | |
| Cash paid for interest | $51.4K | $287.7K | |
| Deferred offering cost | $1.0M | ||
| Recognition of other receivable upon termination of investment agreement related to short-term investments | $6.8M |
Former names
- HiTek Global Inc.Jul 13, 2018 to Aug 14, 20263
Recent filings
- Oct 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Sep 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Aug 14, 2026SCHEDULE 13G/A
- Aug 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jul 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jul 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jun 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jun 5, 2026SCHEDULE 13G
- Jun 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jun 4, 20264 PRIMARY DOCUMENT
- Jun 3, 2026424B5 PROSPECTUS SUPPLEMENT
- Jun 2, 20263 PRIMARY DOCUMENT
- May 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Apr 30, 20263
- Apr 30, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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