CASH AND CASH EQUIVALENTS |
6 Months Ended |
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Jun. 30, 2025 | |
| Cash and Cash Equivalents [Abstract] | |
| CASH AND CASH EQUIVALENTS | 4. CASH AND CASH EQUIVALENTS
As of June 30, 2025 and December 31, 2024, the Company has $215,973 and $2,040,243, respectively, of cash and cash equivalents, which consists of $215,973 and $240,243, respectively, of cash and cash in banks and $0 and $1,800,000, respectively, of time deposits placed with banks or other financial institutions and are all highly liquid investments with an original maturity of three months or less. There were no time deposits for the six months ended June 30, 2025. The effective interest rate for the time deposits ranged between 2.52% to 2.55% per annum for the three and six months ended June 30, 2024. As of June 30, 2025 and December 31, 2024, $38,310 and $1,806,401 of these balances were not covered by deposit insurance, respectively.
AGAPE ATP CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Currency expressed in United States Dollars (“US$”), except for number of shares)
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