v3.26.1
OTHER PAYABLES AND ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]  
OTHER PAYABLES AND ACCRUED LIABILITIES

13. OTHER PAYABLES AND ACCRUED LIABILITIES

 

       
   As of December 31, 
   2025   2024 
Professional fees  $326,267   $363,762 
Promotion expenses   35,488    32,171 
Payroll   22,397    4,685 
Amounts held in eWallets   189,063    173,995 
Tax penalty   30,000    75,000 
Others   191,698    62,823 
Total  $794,913   $712,436 

 

The Company requires all members and distributors of its network marketing business to maintain an electronic wallet (eWallet) account with the Company. The eWallet is primarily for the crediting of any commission payment that falls below RM100 (or $22.20) and for members or distributors without bank account. Commission payment exceeding the RM100 threshold shall only be credited into the member’s or distributor’s bank upon request. The eWallet functionality allows the members to place new product orders utilizing eWallet available balance and/or request commission payout via multiple payment methods provided that each of the withdrawal amount exceeds RM100. Amounts held in eWallets are reflected on the balance sheet as a current liability.

 

 

AGAPE ATP CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Currency expressed in United States Dollars (“US$”), except for number of shares)