| OTHER CURRENT PAYABLES |
9.
OTHER CURRENT PAYABLES
Other
current payables consisted of the following:
SCHEDULE
OF OTHER CURRENT PAYABLE
| | |
December
31, 2025 | | |
December
31, 2024 | |
| | |
As
of | |
| | |
December
31, 2025 | | |
December
31, 2024 | |
| Employee compensation payable | |
$ | 202,407 | | |
$ | 114,312 | |
| Interest payable | |
| 4,961 | | |
| - | |
| Other
unit payments payable (1) | |
| 3,151,511 | | |
| 1,683,713 | |
| Others | |
| 1,894 | | |
| 227 | |
| Total other current
payables | |
$ | 3,360,773 | | |
$ | 1,798,252 | |
| (1) |
Other
unit payments payable primarily consist of loans due to Wuxi Jinbang, Beijing Lobo and Xia Xing. Beijing
Lobo was formerly a subsidiary of the Company and was disposed of on April 21, 2025. As of December 31, 2025, the outstanding
balance of interest-free intercompany fund borrowings prior to disposal amounted to USD 2,307,686. Xia Xing was formerly the legal
representative and shareholder of Wuxi Jinbang, which was disposed of on December 30, 2024. As of December 31, 2025, the outstanding
balance of interest-free intercompany fund borrowings prior to disposal amounted to USD 843,825. |
| |
|
| |
Wuxi
Jinbang was formerly a subsidiary of the Company and was disposed of on December 30, 2024. As of December
31, 2025 and 2024, the outstanding balance of interest-free intercompany fund borrowings prior to disposal
amounted to $nil and $546,827.
Beijing Lobo was formerly a subsidiary of the Company and was disposed of on April 21, 2025. As of December 31, 2025, the outstanding balance of interest-free intercompany fund borrowings prior to disposal amounted to USD 2,307,686.
Xia Xing was formerly the legal representative and shareholder of Wuxi Jinbang, which was
disposed of on December 30, 2024. As of December 31, 2025 and 2024, the outstanding balance of interest-free intercompany fund
borrowings prior to disposal amounted to $843,825
and $1,136,886. |
|