TAXES PAYABLE

3 Months Ended

Mar. 31, 2026

NOTE 14 – TAXES PAYABLE

The taxes payable include tax amounts due for stamps, duties, corporate income tax and deferred tax liabilities as noted below:

As of March 31, 2026, and December 31, 2025, taxes payable are $4,481,640 and $5,011,261, respectively. The components of taxes payable are as follows:

	As of March 31, 2026		As of December 31, 2025
Stamps, duties and other taxes		3,410,268		3,645,241
Corporate income tax payable		1,071,372		1,366,020
Total taxes payable	$	4,481,640	$	5,011,261