NOTE 8 – LONG-TERM PREPAYMENTS AND OTHER NON-CURRENT
ASSETS
| | |
| | |
As of December 31, | |
| | |
| | |
2025 | | |
2024 | |
| Prepayment for equipment | |
| (1) | | |
$ | 2,461,674 | | |
$ | 1,165,608 | |
| Finance lease deposit | |
| | | |
| 178,033 | | |
| 636,362 | |
| Prepayment for long-term loan acquisition cost | |
| (2) | | |
| - | | |
| 1,237,215 | |
| Total | |
| | | |
$ | 2,639,707 | | |
$ | 3,039,185 | |
| (1) | Prepaid for equipment represented advance payment on the production line equipment by Sunrise Guizhou, which had not been shipped as of December 31, 2025 and 2024. | | | | | (2) | CCB and Sunrise Guizhou entered into a long-term loan agreement on January 9, 2025 to finance the construction of Sunrise Guizhou’s additional manufacturing facilities. See Note 17. |
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