v3.26.1
Note 10 - Accrued expenses and other payables
 12 Months Ended
Dec. 31, 2025
Notes  
Note 10 - Accrued expenses and other payables

Note 10 – Accrued expenses and other payables

 

 

As of

December 31,

2025

 

 

As of

December 31,

2024

 

 

 

 

 

 

Accrued expenses (i)

 

$

321,084

 

 

$

279,394

Accrued payroll

 

 

1,349,637

 

 

 

1,032,493

Estimated warranty liabilities (ii)

 

 

71,944

 

 

 

40,396

Intercourse funds payable (iii)

 

 

168,601

 

 

 

97,722

Total accrued expenses and other payables

 

$

1,911,266

 

 

$

1,450,005

 

(i)

Accrued expenses

The balance of accrued expenses represented amount due to third parties service providers which include marketing consulting service, IT related professional service, legal, audit and accounting fees, and other miscellaneous office related expenses.

  

(ii)

Estimated warranty liabilities

 

The assurance-type warranties are accounted for as warranty obligations and are accrued in accordance with ASC 460-10, which details the accounting for guarantees. The warranty liability estimate is based on the average historical defect and replacement rate of each major product category, and multiplied by the total sale amount of the category for each year.

 

(iii)

Intercourse funds payable

  

The intercourse funds payable are those nontrade payables arising from transactions between the Company and certain third parties, such as advances made by the third party on behalf of the Company. Intercourse funds payable are due on demand.