v3.25.2
PREPAYMENTS AND DEPOSITS, NET (Tables)
6 Months Ended
Jun. 30, 2025
Prepayments And Deposits Net  
SCHEDULE OF PREPAID EXPENSES AND DEPOSITS

 

  

June 30,

2025

  

December 31,

2024

 
   As of 
  

June 30,

2025

  

December 31,

2024

 
         
Prepaid expenses  $912,374   $522,460 
Deposit for investment (1)   23,000,000    - 
Deposits to suppliers   165,984    131,480 
Subtotal   24,078,358    653,940 
Allowance for credit loss   (69,569)   (67,768)
Total  $24,008,789   $586,172 

 

(1)As of June 30, 2025, the Company entered into an entrusted investment agreement with Bi Cheng Investment Management Limited (“Bi Cheng”), whereby Bi Cheng is responsible to identify and manage suitable investment opportunities on behalf of the Company.
SCHEDULE OF CHANGES IN ALLOWANCE FOR DOUBTFUL ACCOUNTS

Movements of allowance for credit loss are as follows:

 

  

June 30,

2025

  

December 31,

2024

 
   As of 
  

June 30,

2025

  

December 31,

2024

 
         
Beginning balance  $67,768   $- 
Addition   -    67,091 
Exchange rate effect   1,801    677 
Ending balance  $69,569   $67,768