v3.26.1
NOTE 11 – PREPAYMENTS AND OTHER ASSETS
3 Months Ended
Mar. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
NOTE 11 – PREPAYMENTS AND OTHER ASSETS

NOTE 11 – PREPAYMENTS AND OTHER ASSETS

 

  

As of

March 31,

2026

 

As of

December 31, 2025

       
Advances to suppliers  $4,385,231   $3,347,249 
Deductible VAT   9,091    8,968 
Deposits   25,117    27,203 
Prepayments and other assets  $4,419,439   $3,383,420 

 

Advances to suppliers of $4,385,231 primarily relate to deposits for components, materials, and manufacturing services expected to be received and utilized within the next 12 months. Management monitors supplier performance and credit risk and evaluates advances for impairment if recovery becomes doubtful.