v3.25.4
Related Party Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related party transactions

Note 21. Related party transactions

 

1) Nature of relationships with related parties

 

Name   Relationship with the Company
Wenzao Huang   Director and shareholder of the Company
Yunjun Huang   Director and shareholder of the Company
Xiaolong Chen   Shareholder of the Company
Lihui Xu   Shareholder of the Company
Lianken Enterprise Limited (“Lianken”)   100% equity interest owned by Wenzao Huang
Tianhua Enterprise Limited (“Tianhua”)   100% equity interest owned by Xiaolong Chen
Xingcan Enterprise Limited (“Xingcan”)   100% equity interest owned by Yunjun Huang
Weibo Enterprise Limited (“Weibo”)   100% equity interest owned by Jinliang Xu
Quanzhou Huasen Hardware and Plastic Products Co., Ltd (“Quanzhou Huasen”)   100% equity interest owned by Wenzao Huang
Dayu Yaodong Hardware and Plastic Products Co., Ltd (“Dayuyaodong”)   A member of the board of supervisors of Dayuyaodong is Wenzao Huang

 

2) Related party balances

 

Accounts  Name of related
parties		  As of
December 31,
2025		   As of
December 31,
2024		 
Due to related parties  Wenzao Huang  $280,541   $162,034 
   Lihui Xu   1,330    24,734 
Net due to related parties     $281,871   $186,768 

 

Accounts  Name of related
parties		  As of
December 31,
2025		   As of
December 31,
2024		 
Due from related parties  Xiaolong Chen   5,807    
—
 
   Yunjun Huang   2,173    
—
 
   Lianken   1,169    258 
   Tianhua   1,169    258 
   Xingcan   1,169    257 
   Weibo   1,169    257 
Net due from related parties     $12,656   $1,030 

  

3) Related party transactions

 

For the fiscal year ended December 31, 2025, the related parties provided working capital to support the Operating Entity’s operations when needed. The borrowings were unsecured, repayable on demand, and interest-free. The following table summarizes the Operating Entity’s borrowing transactions with the related parties:

 

Name of related parties  Lend to
Operating
Entity		   Collect from
Operating
Entity		 
Wenzao Huang  $118,507   $
—
 
Lihui Xu   
—
    23,404 
Total  $118,507   $23,404 

For the fiscal year ended December 31, 2025, the Operating Entity provided loans to related parties. The borrowings were unsecured, repayable on demand, and interest-free. The following table summarizes the Operating Entity’s borrowing transactions with the related parties:

 

Name of related parties  Lend from
Operating
Entity		   Repaid to
Operating
Entity		 
Lianken  $911   $
—
 
Tianhua   911    
—
 
Xingcan   912    
—
 
Weibo   912    
—
 
Xiaolong Chen   5,807    
—
 
Yunjun Huang   2,173    
—
 
Total  $11,626   $
—
 

 

For the fiscal year ended December 31, 2024, the related parties provided working capital to support the Operating Entity’s operations when needed. The borrowings were unsecured, repayable on demand, and interest-free. The following table summarizes the Operating Entity’s borrowing transactions with the related parties:

 

Name of related parties  Lend to
Operating
Entity		   Collect from
Operating
Entity		 
Wenzao Huang  $160,507   $1,000 
Lihui Xu   20,609    517,379 
Total  $181,116   $518,379 

 

For the fiscal year ended December 31, 2024, the Operating Entity provided loans to related parties. The borrowings were unsecured, due on demand, and interest-free. The following table summarizes the Operating Entity’s borrowing transactions with the related parties:

 

Name of related parties  Lend from
Operating
Entity		   Repaid to
Operating
Entity		 
Lianken  $257   $
—
 
Tianhua   256    
—
 
Xingcan   256    
—
 
Weibo   256    
—
 
Yunjun Huang   
—
    347,428 
Total  $1,025   $347,428 

 

For the fiscal year ended December 31, 2023, the related parties provided working capital to support the Operating Entity’s operations when needed. The borrowings were unsecured, due on demand, and interest-free. The following table summarizes the Operating Entity’s borrowing transactions with the related parties:

 

Name of related parties  Lend to
Operating
Entity		   Collect from
Operating
Entity		 
Wenzao Huang  $42,466   $40,673 
Yunjun Huang   269,739    671,109 
Xiaolong Chen   153,988    153,988 
Lihui Xu   511,225    
—
 
Total  $977,418   $865,770 

The following table summarizes the Operating Entity’s sales transactions with the related parties:

 

   For the year ended
December 31		 
   2025   2024   2023 
Quanzhou Huasen  $44,034   $4,139   $13,383 
Dayuyaodong   
—
    1,230    602 
Total  $44,034   $5,369   $11,348 

 

For the years ended December 31, 2025, 2024 and 2023, the Company sold manipulator arms, accessories and raw materials to related parties controlled by a shareholder-director in the amount of $44,034, $5,369 and $11,348, respectively.

 

The following table summarizes the Operating Entity’s accounts receivable balance with the related party:

 

Accounts  Name of
related party		  As of
December 31,
2025		   As of
December 31,
2024		 
Accounts receivable  Quanzhou Huasen  $11,754   $
—
 
Total     $11,754   $
—
 

 

As of December 31, 2025 and 2024, the Company’s accounts receivable balance from the related party amounted to $11,754 and nil, respectively.