LEASES (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of components of lease expense


		For the Three Months Ended						For the Six Months Ended
		June 30,						June 30,
		2025			2024			2025			2024

		(Unaudited)						(Unaudited)
Lease expenses
Operating lease expenses		$	177,763		$	71,097		$	355,526		$	119,703
Short-term lease expenses			30,366			40,938			60,732			47,849
Total lease expenses		$	208,129		$	112,035		$	416,258		$	167,552

Schedule of Right-of-use assets and weighted average remaining lease terms and discount rates for all operating leases


		June 30, 2025			December 31, 2024

		(Unaudited)
Right-of-use assets		$	1,548,646		$	1,836,521

Operating lease liabilities – current		$	612,719		$	438,351
Operating lease liabilities – non-current			950,372			1,268,501
Total operating lease liabilities		$	1,563,091		$	1,706,852


		June 30, 2025		June 30, 2024

		(Unaudited)
Remaining lease term and discount rate:
Weighted average remaining lease term (years)		2.39		3.84
Weighted average discount rate *		4.9	%	12.2	%

*The Company used weighted average incremental borrowing rate of 4.9% per annum for its lease contracts based on the Company’s current borrowings from various financial institutions.

Schedule by years, of maturities of lease liabilities


Fiscal Years		Amount
		(Unaudited)
2025 (from July 1, 2025 to December 31, 2025)		$	388,479
2026			795,559
2027			517,765
Thereafter			126,976
Total lease payments			1,828,779
Less: imputed interest			(265,688)
Present value of lease liabilities		$	1,563,091