| OTHER CURRENT ASSETS, NET |
5. OTHER CURRENT ASSETS, NET Other current assets were comprised of the following: | | | December 31,
2025 | | | December 31,
2024 | | | Funds held in escrow | | $ | 4,000,000 | | | $ | - | | | Prepaid consulting service expenses | | | 1,260,160 | | | | 1,050,000 | | | Deferred contract costs | | | 2,190,966 | | | | 982,039 | | | Prepayment to third parties (a) | | | 8,773,739 | | | | 15,402,145 | | | Receivable from third parties | | | 4,792,128 | | | | 5,784,589 | | | Others | | | 252,900 | | | | 66,909 | | | Less: Current expected credit losses | | | (462 | ) | | | - | | | Total | | $ | 21,269,431 | | | $ | 23,285,682 | | | (a) | The balance of prepayment to third parties primarily consists of the prepayment to our GPU servers leasing partner. |
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