v3.25.2
PREPAID EXPENSES
6 Months Ended
Jun. 30, 2025
PREPAID EXPENSES  
PREPAID EXPENSES

NOTE 5 – PREPAID EXPENSES

 

The balances of prepaid expenses are $1,190,083 and $955,456 as of June 30, 2025, and December 31, 2024, respectively. The components of prepaid expenses are as follows:

 

Description

 

As of

June 30,

2025

 

 

As of

December 31,

2024

 

Prepayments to suppliers

 

$394,195

 

 

$39,239

 

Prepaid payroll expense

 

 

4,984

 

 

 

4,557

 

Prepaid rent

 

 

12,462

 

 

 

12,475

 

Prepaid license

 

 

189,388

 

 

 

443,355

 

Prepaid sponsorship/advertising

 

 

279,149

 

 

 

363,835

 

Other prepayments

 

 

309,905

 

 

 

91,995

 

Total prepaid assets

 

$1,190,083

 

 

$955,456