v3.25.2
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Payables and Accruals [Abstract]    
Prepayment to vendors $ 7,079,049 $ 5,784,530
Deferred IPO Costs [1] 1,282,570
Advances to employees [2] 26,903 29,380
Others [3] 583,471 210,998
Prepaid expenses and other current assets $ 7,689,423 $ 7,307,478
[1] The balance represented the incremental costs incurred for the Company’s initial public offering (“IPO”), which was deducted from the proceeds of the IPO at the completion of the IPO.
[2] The balance represented advances that the Company’s subsidiaries have advanced to non-director/officer employees. The advance is interest-free.
[3] The balance primarily represented a development service fee of $237,465 and $ 3,727, and a deposit of $101,317 and $35,568, as of December 31, 2024 and 2023, respectively.