CASH AND CASH EQUIVALENTS |
12 Months Ended |
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Dec. 31, 2025 | |
| Cash and Cash Equivalents [Abstract] | |
| CASH AND CASH EQUIVALENTS | 4. CASH AND CASH EQUIVALENTS
As of December 31, 2025 and 2024 the Company had $140,072 and $2,040,243, respectively, of cash and cash equivalents, which consisted of $140,072 and $240,243, respectively, of cash in banks and $0 and $1,800,000, respectively, of time deposits placed with banks or other financial institutions and are all highly liquid investments with an original maturity of three months or less. The effective interest rate for the time deposits ranges between 1.74% to 2.55% per annum. As of December 31, 2025 and 2024, $297 and $1,806,401 of these balances were not covered by deposit insurance, respectively.
AGAPE ATP CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Currency expressed in United States Dollars (“US$”), except for number of shares)
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