{"filing": {"accession": "0001213900-26-037199", "cik": "0001784970", "ticker": "NXTT", "company_name": "Next Technology Holding Inc.", "form_type": "10-K", "filing_type": "10-K", "filing_date": "2026-03-31", "accepted_datetime": null, "acceptance_datetime": null, "accepted_at": null, "primary_doc_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/0001213900-26-037199-index.htm", "filing_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/0001213900-26-037199-index.htm", "period_of_report": "2025-12-31"}, "html_url": "/api/filings/000121390026037199/stream", "exhibits": [{"exhibit_number": "10.7", "exhibit_type": "10", "description": "Independent Director Service Agreement by and between the Company and Wenbo Li", "filename": "ea028392701ex10-7.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex10-7.htm", "category": "contracts", "incorporated_by_reference": false}, {"exhibit_number": "10.8", "exhibit_type": "10", "description": "Independent Director Service Agreement by and between the Company and Guang Cui", "filename": "ea028392701ex10-8.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex10-8.htm", "category": "contracts", "incorporated_by_reference": false}, {"exhibit_number": "10.9", "exhibit_type": "10", "description": "Independent Director Service Agreement by and between the Company and Gwanggeun Jo", "filename": "ea028392701ex10-9.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex10-9.htm", "category": "contracts", "incorporated_by_reference": false}, {"exhibit_number": "10.10", "exhibit_type": "10", "description": "Independent Director Service Agreement by and between the Company and Hsiu Wu", "filename": "ea028392701ex10-10.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex10-10.htm", "category": "contracts", "incorporated_by_reference": false}, {"exhibit_number": "19.1", "exhibit_type": "19", "description": "Insider Trading Policy", "filename": "ea028392701ex19-1.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex19-1.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "21.1", "exhibit_type": "21", "description": "List of Subsidiaries", "filename": "ea028392701ex21-1.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex21-1.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "23.1", "exhibit_type": "23", "description": "Consent of JWF Assurance PAC, independent registered public accounting firm", "filename": "ea028392701ex23-1.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex23-1.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "23.2", "exhibit_type": "23", "description": "Consent of CHI-LLTC, independent registered public accounting firm", "filename": "ea028392701ex23-2.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex23-2.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "31.1", "exhibit_type": "31", "description": "Certification of Principal Executive Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002", "filename": "ea028392701ex31-1.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex31-1.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "31.2", "exhibit_type": "31", "description": "Certification of Principal Financial Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002", "filename": "ea028392701ex31-2.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex31-2.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "32.1", "exhibit_type": "32", "description": "Certification of Principal Executive Officer furnished pursuant to 18 U.S.C. 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Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002", "filename": "ea028392701ex32-2.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex32-2.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "97", "exhibit_type": "97", "description": "Company\u2019s Compensation Recovery Policy", "filename": "ea028392701ex97.htm", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026037199/ea028392701ex97.htm", "category": "other", "incorporated_by_reference": false}, {"exhibit_number": "3.1", "exhibit_type": "3", "description": "Amended and Restated Articles of Incorporation (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on April 3, 2024)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000109991024000156/ex-3.htm", "category": "incorporation", "incorporated_by_reference": true}, {"exhibit_number": "3.2", "exhibit_type": "3", "description": "Second Amended Bylaws (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on April 3, 2023)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000147793223002208/wetg_ex32.htm", "category": "incorporation", "incorporated_by_reference": true}, {"exhibit_number": "10.1", "exhibit_type": "10", "description": "Securities Purchase Agreement, Form of Pre-Funded Warrant and Placement Agency Agreement, each dated September 2, 2025 (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on September 3, 2025)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390025085190/ea025617901ex10-1_nexttech.htm", "category": "debt", "incorporated_by_reference": true}, {"exhibit_number": "10.2", "exhibit_type": "10", "description": "Contract for Mining Machine Liquid Cooling System Development and Technical Service Platform dated July 15, 2025, by and among X CAPITAL INVESTMENT PTE. LTD. and the Company (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on September 26, 2025)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390025092085/ea025882701ex10-1_next.htm", "category": "contracts", "incorporated_by_reference": true}, {"exhibit_number": "10.3", "exhibit_type": "10", "description": "Hotel Monitoring and Management Software NEXT SMS System Development Agreement dated June 27, 2025, by and among ALOHA Asia Pacific Limited and the Company (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on September 26, 2025)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390025092085/ea025882701ex10-2_next.htm", "category": "contracts", "incorporated_by_reference": true}, {"exhibit_number": "10.4", "exhibit_type": "10", "description": "NEXT WATER-ENERGY SYNERGY Smart Water-Energy Synergy System Development Contract dated August 8, 2025, by and among Starlight Garden Limited and the Company (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on September 26, 2025)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390025092085/ea025882701ex10-3_next.htm", "category": "contracts", "incorporated_by_reference": true}, {"exhibit_number": "10.5", "exhibit_type": "10", "description": "NEXT WATER-ENERGY SYNERGY Smart System Long-Term Maintenance Agreement dated August 21, 2025, by and among Starlight Garden Limited and the Company (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on September 26, 2025)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390025092085/ea025882701ex10-4_next.htm", "category": "contracts", "incorporated_by_reference": true}, {"exhibit_number": "10.6", "exhibit_type": "10", "description": "Form of Memorandum of Understanding, dated as of November 21, 2025 (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on November 26, 2025)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390025115307/ea026732201ex10-1_nexttech.htm", "category": "contracts", "incorporated_by_reference": true}, {"exhibit_number": "10.11", "exhibit_type": "10", "description": "Form of Securities Purchase Agreement and Form of Pre-Funded Warrant, each dated March 25, 2026 (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on March 25, 2026)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026033875/ea028335401ex10-1.htm", "category": "debt", "incorporated_by_reference": true}, {"exhibit_number": "10.12", "exhibit_type": "10", "description": "Next Technology Holding Inc. 2025 Equity Incentive Plan (Incorporated herein by reference to Exhibit 99.1 to the Company\u2019s Registration Statement on Form S-8 filed with the SEC on September 29, 2025)", "filename": "", "edgar_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390025093145/ea025929701ex99-1_nexttech.htm", "category": "contracts", "incorporated_by_reference": true}], "sections": [{"section_name": "item_1", "section_title": "Business", "start_position": 4600, "end_position": 4620}, {"section_name": "item_1a", "section_title": "Risk Factors", "start_position": 4620, "end_position": 4646}, {"section_name": "item_1b", "section_title": "Unresolved Staff Comments", "start_position": 4646, "end_position": 4685}, {"section_name": "item_1c", "section_title": "Cybersecurity", "start_position": 4685, "end_position": 4712}, {"section_name": "item_2", "section_title": "Properties", "start_position": 4712, "end_position": 4735}, {"section_name": "item_3", "section_title": "Legal Proceedings", "start_position": 4735, "end_position": 4765}, {"section_name": "item_4", "section_title": "Mine Safety Disclosures", "start_position": 4765, "end_position": 4808}, {"section_name": "item_5", "section_title": "Market for Registrant's Common Equity", "start_position": 4828, "end_position": 4970}, {"section_name": "item_7", "section_title": "Management's Discussion and Analysis", "start_position": 4970, "end_position": 5068}, {"section_name": "item_7a", "section_title": "Quantitative and Qualitative Disclosures", "start_position": 5068, "end_position": 5140}, {"section_name": "item_8", "section_title": "Financial Statements", "start_position": 5140, "end_position": 5293}, {"section_name": "item_9a", "section_title": "Controls and Procedures", "start_position": 5293, "end_position": 5330}, {"section_name": "item_9b", "section_title": "Other Information", "start_position": 5330, "end_position": 5470}, {"section_name": "item_10", "section_title": "Directors and Executive Officers", "start_position": 5470, "end_position": 5538}, {"section_name": "item_11", "section_title": "Executive Compensation", "start_position": 5538, "end_position": 5574}, {"section_name": "item_12", "section_title": "Security Ownership", "start_position": 5574, "end_position": 5682}, {"section_name": "item_13", "section_title": "Certain Relationships", "start_position": 5682, "end_position": 5769}, {"section_name": "item_14", "section_title": "Principal Accountant Fees", "start_position": 5769, "end_position": 5828}, {"section_name": "item_15", "section_title": "Exhibits and Financial Statement Schedules", "start_position": 5848, "end_position": 273344}], "tables": [{"table_index": 0, "table_type": "text", "caption": null, "header_text": "Wyoming84-4948289"}, {"table_index": 1, "table_type": "text", "caption": null, "header_text": "Type of Each ClassTrading SymbolName of Each Exchange on which Registered"}, {"table_index": 2, "table_type": "text", "caption": null, "header_text": "Large accelerated filer\u2610Accelerated filer\u2610"}, {"table_index": 3, "table_type": "exhibit_index", "caption": null, "header_text": "Cautionary Note Regarding Forward-Looking Statementsii"}, {"table_index": 4, "table_type": "financial", "caption": null, "header_text": "\u25cfour ability to raise capital;"}, {"table_index": 5, "table_type": "text", "caption": null, "header_text": "\u25cfSmart Cloud Collaboration Platform.A cloud collaboration platform that incorporates intelligent tools to analyze user behavior, recommend resources and enable real-time collaboration across geographi"}, {"table_index": 10, "table_type": "text", "caption": null, "header_text": "Digital assetoriginal costbasisFair value change in digital assetDigital assetfair valueNumber ofBitcoin held"}, {"table_index": 23, "table_type": "financial", "caption": null, "header_text": "\u25cfOn January 23, 2025, President Trump issued an executive order titled, Strengthening American Leadership in Digital Financial Technology. While the executive order did not mandate the adoption of any"}, {"table_index": 24, "table_type": "text", "caption": null, "header_text": "NumberIssue DateExpiration DateRegistration AgencyDomain Name"}, {"table_index": 25, "table_type": "text", "caption": null, "header_text": "Functional AreaNumber of Employees"}, {"table_index": 26, "table_type": "text", "caption": null, "header_text": "(i)acting as or holding themselves out as majority shareholders, directors, executives, or employees of the Company and its affiliates;"}, {"table_index": 27, "table_type": "text", "caption": null, "header_text": "Lease TermAddressSpace(square meters)"}, {"table_index": 28, "table_type": "text", "caption": null, "header_text": "Lease TermAddressSpace(square meters)"}, {"table_index": 29, "table_type": "text", "caption": null, "header_text": "(i)acting as or holding themselves out as majority shareholders, directors, executives, or employees of the Company and its affiliates;"}, {"table_index": 30, "table_type": "text", "caption": null, "header_text": "\u25cfMinimum\n Bid Price: On April 14, 2025, we were notified of non-compliance with the $1.00 minimum bid\n price requirement under Nasdaq Listing Rule 5550(a)(2). On May 28, 2025, we received written\n con"}, {"table_index": 31, "table_type": "text", "caption": null, "header_text": "\u25cfAnnual\n Meeting Requirement: On January 7, 2025, we received notice of non-compliance with Nasdaq\n Listing Rules 5620(a) and 5810(c)(2)(G) for failing to hold an annual meeting of stockholders\n withi"}, {"table_index": 33, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,% of"}, {"table_index": 34, "table_type": "text", "caption": null, "header_text": "(a)In July 2024, we dissolved our subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinuing operation under ASC 205-20. We retrospectively adjusted the above c"}, {"table_index": 37, "table_type": "financial", "caption": null, "header_text": "December 31,2025December 31,2024"}, {"table_index": 38, "table_type": "text", "caption": null, "header_text": "*In July 2024, we dissolved its subsidiary, WeTrade Technology (Shanghai) Co., Ltd. in the PRC, which qualified as a discontinued operation under ASC 205-20. We retrospectively adjusted the above comp"}, {"table_index": 39, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 41, "table_type": "text", "caption": null, "header_text": "Name:Age:Positions with the Company:"}, {"table_index": 42, "table_type": "text", "caption": null, "header_text": "\u25cfselecting our independent registered public accounting firm and pre-approving all auditing and non-auditing services permitted to be performed by our independent registered public accounting firm;"}, {"table_index": 43, "table_type": "text", "caption": null, "header_text": "\u25cfreviewing and approving to the board with respect to the total compensation package for our most senior executive officers;"}, {"table_index": 44, "table_type": "text", "caption": null, "header_text": "\u25cfselecting and recommending to the board nominees for election by the shareholders or appointment by the board;"}, {"table_index": 46, "table_type": "text", "caption": null, "header_text": "FemaleMaleNon-BinaryDid Not DiscloseGender"}, {"table_index": 47, "table_type": "text", "caption": null, "header_text": "Name and Principal PositionYearSalary ($)Bonus ($)StockAwards ($)Non-EquityPlanCompensation ($)NonqualifiedDeferredCompensationEarnings($)All OtherCompensation ($)Total($)"}, {"table_index": 52, "table_type": "text", "caption": null, "header_text": "NameFees earned or paid in cash($)Stock Awards($)OptionAwards($)Non-equity incentive plan compensation($)Change in pension value and nonqualified deferred compensation earningsAll OtherCompensation($)"}, {"table_index": 53, "table_type": "text", "caption": null, "header_text": "(1)Such amounts were accrued based on his appointment date in 2025. Mr.Lichen\nDong was appointed as a director of the Company on December 11, 2023, and resigned from his position on December11, 2025. "}, {"table_index": 54, "table_type": "text", "caption": null, "header_text": "Plan categoryNumber of securities to beissued upon exercise ofoutstanding options,warrants and rightsWeighted-averageexerciseprice ofoutstanding options,warrants and rightsNumber of securitiesremainin"}, {"table_index": 60, "table_type": "text", "caption": null, "header_text": "Executive Officers and DirectorsAmount ofBeneficialOwnership ofCommon Stock(1)PercentageOwnership ofCommon Stock(2)"}, {"table_index": 63, "table_type": "text", "caption": null, "header_text": "YearAuditFeesAuditRelated FeesTax FeesAll otherFeesTotalFees"}, {"table_index": 65, "table_type": "financial", "caption": null, "header_text": "\u25cfConsolidated Balance Sheets at December 31, 2025 and 2024"}, {"table_index": 68, "table_type": "exhibit_index", "caption": null, "header_text": "Exhibit No.Description"}, {"table_index": 69, "table_type": "exhibit_index", "caption": null, "header_text": "10.11Form of Securities Purchase Agreement and Form of Pre-Funded Warrant, each dated March 25, 2026 (Incorporated herein by reference to the Company\u2019s Current Report on Form 8-K filed with the SEC on"}, {"table_index": 70, "table_type": "financial", "caption": null, "header_text": "23.1*Consent of JWF Assurance PAC, independent registered public accounting firm"}, {"table_index": 72, "table_type": "text", "caption": null, "header_text": "NEXT TECHNOLOGY HOLDING INC"}, {"table_index": 73, "table_type": "text", "caption": null, "header_text": "Dated: March 31, 2026By:/s/ Eve Chan"}, {"table_index": 74, "table_type": "financial", "caption": null, "header_text": "Report of\n Independent Registered Public Accounting Firm-CHI-LLTC (PCAOB ID: 7320)F-2"}, {"table_index": 75, "table_type": "financial", "caption": null, "header_text": "\u25cfWe\n understanding the digital assets recognition and evaluated management\u2019s accounting\n policy for digital assets."}, {"table_index": 76, "table_type": "text", "caption": null, "header_text": "\u25cfWe\n obtained the video and it showed the accounts was under the owner of the company."}, {"table_index": 77, "table_type": "text", "caption": null, "header_text": "\u25cfWe\n obtained the board resolution, reviewed the trading contract and recalculated the initial\n carrying amount of Bitcoin."}, {"table_index": 78, "table_type": "text", "caption": null, "header_text": "\u25cfWe\n obtained the Wallet statement of Bitcoin."}, {"table_index": 79, "table_type": "text", "caption": null, "header_text": "\u25cfWe\n confirmed the year-end digital asset balances directly with the custodians of the Company\u2019s\n wallets."}, {"table_index": 80, "table_type": "text", "caption": null, "header_text": "\u25cfWe\n independently verified quoted prices from active exchanges and reconciled them to the recorded\n fair value."}, {"table_index": 82, "table_type": "financial", "caption": null, "header_text": "As of December 31,"}, {"table_index": 84, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 87, "table_type": "financial", "caption": null, "header_text": "Stockholders\u2019Common StockAdditionalPaid-in(Accumulated Deficits)/ RetainedTotal"}, {"table_index": 90, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 97, "table_type": "financial", "caption": null, "header_text": "Digital assetsoriginal cost basisFair value changein digital assetsDigital assetsfair valueNumber ofBitcoin held"}, {"table_index": 98, "table_type": "financial", "caption": null, "header_text": "December 31,2025December 31,2024"}, {"table_index": 99, "table_type": "text", "caption": null, "header_text": "December 31,2025December 31,2024"}, {"table_index": 100, "table_type": "financial", "caption": null, "header_text": "December 31,2025December 31,2024"}, {"table_index": 101, "table_type": "financial", "caption": null, "header_text": "December 31,2025December 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{"table_index": 110, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 111, "table_type": "text", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 112, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 113, "table_type": "financial", "caption": null, "header_text": "As of December 31,"}, {"table_index": 114, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 115, "table_type": "financial", "caption": null, "header_text": "For the years endedDecember 31,"}, {"table_index": 116, "table_type": "financial", "caption": null, "header_text": "July 18,2024"}], "exhibits_pending": false, "cdn_html": true, "response_time_ms": 145}