v3.25.2
Balances with Related Party
3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Balances with Related Party
 
9
.
BALANCES WITH RELATED PARTY
 
1)
Related party transactions
 
For the three months ended March 31, 202
5
and 202
4
, the Company’s related party provided working capital to support the Company’s operations when needed. The borrowings were unsecured, due on demand, and interest free. The following table summarizes the balances with the Company’s related party.
 
 
2)
Related party balances
 
Accounts
 
Name of Related Party
 
 
Note
 
 
March 31,
202
5
 
 
 
 
December 31,
202
4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount due to related party
 
Lin Li, Chief Executive Officer and Chairman of the Board
 
 
 
 
 
$
1,153,203
 
 
$
1,416,432
 
  
All the above balances are due on demand, interest-free and unsecured. The Company used the funds for its operations.