PREPAID EXPENSES AND OTHER RECEIVABLES |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PREPAID EXPENSES AND OTHER RECEIVABLES | NOTE 4 — PREPAID EXPENSES AND OTHER RECEIVABLES
The following table summarizes information with regard to prepaid expenses and other receivables as of December 31, 2025 and December 31, 2024.
The prepaid expenses and other receivables of $26,715 represent the one-time recognition of a KRW 5,000,000 ($3,485) purchase and the straight-line amortization of a KRW 100,000,000 ($69,990) IP usage fee incurred for marketing purposes over the three-year contract term.
As of December 31, 2025, the total current portion of prepaid expenses is $26,715, which includes the current portion of the IP usage fee amounting to $23,230 to be amortized within the next twelve months. For the year ended December 31, 2025, the company recognized four months of amortization expense for the IP usage fee in the amount of $7,743 (KRW 11,111,111) as marketing expense. The remaining unamortized balance of the IP usage fee of $61,947 represents the non-current portion and is classified as a non-current prepaid expense on the balance sheet, which will be systematically recognized as marketing expenses over the remainder of the contract term through 2028.
Future amortization expense for the prepaid IP usage fee as of December 31, 2025, is as follows:
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