8. |
RELATED PARTY TRANSACTIONS |
The principal related party balances as of June 30, 2025
and December 31, 2024 are nil.
The principal related party transactions for the
six months ended June 30, 2025 and 2024 are as follows:
Related party transactions:
| |
| | |
For the six months ended June 30, | |
Nature | |
| | |
2025 | | |
2024 | |
| |
| | |
(Unaudited) | | |
(Unaudited) | |
Service/ Products received from related parties: | |
| | |
| | |
| |
Guardforce Security (Thailand) Company Limited | |
| (a) | | |
$ | - | | |
$ | 431,193 | |
Guardforce Aviation Security Company Limited | |
| (b) | | |
| - | | |
| 925 | |
| |
| | | |
$ | - | | |
$ | 432,118 | |
| |
| | | |
| | | |
| | |
Service/ Products delivered to related parties: | |
| | | |
| | | |
| | |
Shenzhen Kewei Robot Technology Co., Limited | |
| (c) | | |
$ | - | | |
$ | 4,652 | |
Nature of transactions:
(a) | Guardforce Security (Thailand) Company Limited provided security guard services to the Company; |
(b) | Guardforce Aviation Security Company Limited provided escort services to the Company; | | | (c) | The Company rented robots to Shenzhen Kewei Robot Technology Co., Limited. |
|