v3.26.1
PREPAYMENTS AND DEPOSITS, NET (Tables)
12 Months Ended
Dec. 31, 2025
Prepayments And Deposits Net  
SCHEDULE OF PREPAID EXPENSES AND DEPOSITS, NET

 SCHEDULE OF PREPAID EXPENSES AND DEPOSITS, NET

       
   As of December 31, 
   2025   2024 
Prepaid expenses  $565,173   $522,460 
Deposit for investment (1)   23,816,398    - 
Deposits to suppliers   206,298    131,480 
Subtotal   24,587,869    653,940 
Less: Allowance for credit loss – Prepaid expenses   (510,310)   (67,768)
Total  $24,077,559   $586,172 

 

(1) The Company entered into an entrusted investment agreement with Bi Cheng Investment Management Limited (“Bi Cheng”) on March 11, 2025, whereby Bi Cheng is responsible to identify and manage suitable investment opportunities on behalf of the Company. The deposit is refundable upon mutual agreement between the Company and Bi Cheng. Upon such agreement, the refund is expected to be made within two months.

SCHEDULE OF CHANGES IN ALLOWANCE FOR DOUBTFUL ACCOUNTS

Movements of allowance for credit loss are as follows:

 

       
   For the years ended December 31, 
   2025   2024 
Beginning balance  $67,768   $- 
Addition   510,310    67,091 
Write off   (71,051)   - 
Exchange rate effect   3,283    677 
Ending balance  $510,310   $67,768