OTHER INVESTMENTS, NET |
6 Months Ended |
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Jun. 30, 2025 | |
OTHER INVESTMENTS, NET | |
OTHER INVESTMENTS, NET | NOTE 10 – OTHER INVESTMENTS, NET According to ASU 2016-01, where the Company has no significant influence, the investment is classified as other investments in the balance sheet and is carried under the measurement alternative method. The measurement alternative measures the equity investment at cost less impairment, adjusted for observable price changes in orderly transactions for an identical or similar investment of the same issuer. As of June 30, 2025 and December 31, 2024, the carrying amount of the Company’s measurement alternative investments was $635,005 and $632,373, respectively. The Company performs impairment assessment of its investments under the measurement alternative whenever events or changes in circumstances indicate that the carrying value of the investment may not be fully recoverable. Impairment charges in connection with the measurement alternative investments of nil were recorded in others, net in the Consolidated Statements of Operations and Comprehensive Income/(Loss) for the years ended June 30, 2025 and 2024, respectively. |