v3.26.1
Other Payables
3 Months Ended
Mar. 31, 2026
Other Payables [Abstract]  
OTHER PAYABLES

NOTE 7 - OTHER PAYABLES

 

As part of one of the services in the manning of a crew provided by the Company to the shipping companies is the Company making bank transfers of the wages to the crew, on the customer’s behalf. The shipping companies transfer the funds to the Company’s bank account and then the Company makes each payment to indicated crew. In its capacity, the Company will show the balance of the funds received and not yet transferred to the crew as Other Payables on the Balance Sheet. The amount of Other Payables was $1,182,606 as of March 31, 2026, compared to $707,331 as of December 31, 2025.