v3.25.2
Related Party Transactions
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 12 — RELATED PARTY TRANSACTIONS

 

Due from related parties consists of the following: 

 

        As of  
Name   Related party relationship   June 30,
2025		     December 31,
2024		  
Zhaohui Chen   Director of Shanghai TD Manufacturing   $        -     $ 9,962  
Yun Zhang   Director of Shanghai TD Installation     -       548  
Qi Qin   Supervisor of Shanghai TD Manufacturing in 2021     -       4,795  
Shanghai Muling Industry Co., LTD   An entity controlled by Jiling Cheng     -       1,189,492  
Total due from related parties       $ -     $ 1,204,797  

 

The Company has, in the past, advanced cash to related parties for business purpose and recorded advances as due from related parties in the consolidated financial statements. Such advances are non-interest bearing and due upon demand. Since the large amount is recovered, there is no impairment. As of June 30, 2025, all of the balance of other receivable from related party have been subsequently collected.

 

Due to related parties consists of the following:

 

        As of  
Name   Related party relationship   June 30,
2025		     December 31,
2024		  
Yue Xu   Director of Shanghai TD Installation   $       -     $ -  
Jiling Cheng   Supervisor of Shanghai TD Parking and Shanghai TP Parking     -       3,669  
Zhejiang Xinghang Precision Machinery Co., LTD   An entity controlled by Jiling Cheng     -       46,580  
Shanghai Liqing Information Technology Co. LTD   An entity controlled by Zixuan Chen     -       5,480  
Bin Lu   Principal shareholder, Director, Juridical person, Chief Executive Officer.     -       47,091  
Total due to related parties       $ -     $ 102,820  

 

As of June 30, 2025 and December 31, 2024, the balance due to related parties was used for working capital during the Company’s normal course of business. These advances are non-interest bearing and due on demand.