v3.25.2
Other Receivables and Prepayments
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Other Receivables and Prepayments [Abstract]    
OTHER RECEIVABLES AND PREPAYMENTS

5. OTHER RECEIVABLES AND PREPAYMENTS

Other receivables and prepayments as of June 30, 2025 and December 31, 2024 consisted of:

 

June 30,
2025

 

December 31,
2024

   

(Unaudited)

   

Prepaid insurance

 

 

93,844

 

 

17,794

Prepaid service fee

 

 

60,393

 

 

50,538

Rental deposits

 

 

75,221

 

 

4,206

Other receivables

 

 

13,659

 

 

4,545

Others

 

 

5,729

 

 

8,233

   

$

248,846

 

$

85,316

6. OTHER RECEIVABLES AND PREPAYMENTS

Other receivables and prepayments as of December 31, 2024 and 2023 consisted of:

 

December 31,
2024

 

December 31,
2023

Prepaid research and development expenses

 

$

 

$

185,633

Prepaid insurance

 

 

17,794

 

 

33,815

Prepaid service fee

 

 

50,538

 

 

46,303

Rental deposits

 

 

4,206

 

 

102,109

Prepaid rental expenses

 

 

 

 

15,683

Other receivables

 

 

4,545

 

 

22,275

Other deposits

 

 

8,233

 

 

16,253

   

$

85,316

 

$

422,071

For the year ended December 31, 2024 and 2023, the Group considered certain other receivables and prepayments were not recoverable and recorded write-off of other receivables and prepayments of $45,677 and $62,369, respectively.