v3.26.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 7 — RELATED PARTY TRANSACTIONS

 

Due from related party consists of the following: 

 

      As of 
Name  Related party relationship  December 31,
2025		   December 31,
2024		 
Zhejiang TD Parking  Under common control of Bin Lu  $4,779,184   $
      -
 
Total due from related party     $4,779,184   $
-
 

 

The Company has historically provided interest-free advances to related parties for business purposes. These advances are non-interest bearing and due on demand, and are recorded as amounts due from related parties in the consolidated financial statements. Management periodically evaluates the collectability of these receivables based on the related parties’ financial condition and repayment history. Management believes the outstanding balances are fully collectible as of the balance sheet date, and accordingly, no allowance for doubtful accounts has been recognized.

 

Due to related parties consists of the following:

 

      As of 
Name  Related party relationship  December 31,
2025		   December 31,
2024		 
Guowei Xie  Director of Jiaxing XC and CYH Shanghai   19,728    
-
 
Chenjie Hong  Director of Hangzhou ZHC   1,859    
-
 
Bin Lu  Principal shareholder, Director, Juridical person   
-
    1,440 
Total due to related parties     $21,587   $1,440 

 

As of December 31, 2025 and 2024, the balance due to related parties was used for working capital during the Company’s normal course of business. These advances are non-interest bearing and due on demand.