NOTE 9 – OTHER PAYABLES
As of March 31, 2025, other payable consist of
unpaid professional fee as follows:
| | |
March 31, 2025 | | |
December 31,
2024 | |
| Professional fees and operating expenses(1) | |
$ | 427,574 | | |
$ | 460,985 | |
| Short term loans (2) | |
| 1,634,621 | | |
| 760,352 | |
| Total | |
$ | 2,062,195 | | |
$ | 1,221,337 | |
| (1): | As of March 31, 2025, the professional fees balance of $427,574
comprised outstanding legal fees in relation to shareholders’ litigation, audit fee, listing compliance fee owing to professional
parties and other operating expenses. |
| (2): | The Company borrowed funds from former executives and third
parties to cover daily operational expenses. The payable is unsecured, interest-free, and is expected to be repaid either in cash or
through the issuance of the Company’s common stock, subject to mutual agreement between the parties. Repayment is anticipated to
occur once the bank accounts are restored to normal operating status. |
|