TaoWeave Inc 2025年度报告

FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year endedDecember 31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ________ to __________Commission file number: 001-35376 TAOWEAVE, INC.(Exact name of registrant as specified in its charter) 80202(Zip Code) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2of the Exchange Act. Table of Contents Indicate by checkmark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport. Yes☐No☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant computed by reference to the price at which thecommon equity was last sold on June30, 2025, the last business day of the Registrant’s most recently completed second fiscal quarter, was $5,128,910. The number of shares of the Registrant’s common stock outstanding as ofMarch 19, 2026,was 3,327,210. TAOWEAVE, INC.Index PART I 1.Business1A.Risk Factors1B.Unresolved Staff Comments1C.Cybersecurity2.Properties3.Legal Proceedings4.Mine Safety Disclosures PART II 5.Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities216.Reserved217.Management’s Discussion and Analysis of Financial Condition and Results of Operations217A.Qualitative and Quantitative Disclosures About Market Risk288.Financial Statements and Supplemental Data289Change in and Disagreements with Accountants on Accounting and Financial Disclosure289A.Controls and Procedures299B.Other Information299C.Disclosures Regarding Foreign Jurisdictions that Prevent Inspections29 PART III PART IV 16.Signatures46 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This annual report on Form 10-K (this“Report”) contains statements that are considered forward-looking statements within the meaning of Section 27A ofthe Securities Act of 1933, as amended, and its rules and regulations (the“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended,and its rules and regulations (the“Exchange Act”). These forward-looking statements include, but are not limited to, statements about the plans, objectives,expectations, and intentions of TaoWeave, Inc. (“TaoWeave”or“we”or“us”or the“Company”). All statements other than statements of current or historical factcontained in this Report, including statements regarding TaoWeave'sfuture financial position, business strategy, budgets, projected costs and plans and objectivesof management for future operations, are forward-looking statements. The words“anticipate,”“believe,