Prepaid
expenses and other current assets consisted of the following:
SCHEDULE
OF PREPAID EXPENSES AND OTHER CURRENT ASSETS
| | |
| | |
| |
| | |
As
of | |
| | |
December
31, 2025 | | |
December
31, 2024 | |
| Prepayment to vendors | |
$ | 2,588,734 | | |
$ | 7,079,049 | |
| VAT input tax | |
| 511,027 | | |
| 233,589 | |
| Rent deposit | |
| 107,952 | | |
| 101,317 | |
| Develop service fee | |
| - | | |
| 237,465 | |
| Prepaid service fees | |
| 95,680 | | |
| 6,262 | |
| Advances to employees(1) | |
| 58,633 | | |
| 26,903 | |
| Others | |
| 4,856 | | |
| 4,838 | |
| Prepaid expenses and
other current assets | |
$ | 3,366,882 | | |
$ | 7,689,423 | |
| (1) |
The
balance represented advances that the Company’s subsidiaries have advanced to non-director/officer employees. The advance is
interest-free. |
|