7.       CONSTRUCTION IN PROGRESS AND CONSTRUCTION PAYABLE

As of December 31, 2025, the Company’s warehouse building was commenced in operational use and the development costs in construction in progress were transferred to warehouse facilities under property and equipment, subject to depreciation, using a straight-line basis over its estimated useful life of 12 years, pursuant to lease term of the leasehold land.

The construction payable was $0 and $342,540 as of December 31, 2025 and 2024, respectively.