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SHORT-TERM LOAN PAYABLES FROM RELATED PARTIES
12 Months Ended
Dec. 31, 2025
Short-term Loan Payables From Related Parties  
SHORT-TERM LOAN PAYABLES FROM RELATED PARTIES

NOTE 10 — SHORT-TERM LOAN PAYABLES FROM RELATED PARTIES

 

The following table summarizes information regarding short-term loan payables from related parties as of December 31, 2025 and December 31, 2024. Jaeman Lee has been serving as the Company’s Advisor since April 17, 2025, and Hangmuk Shin is the largest shareholder of Global Interactive Technologies, Inc.

 

SCHEDULE OF SHORT TERM LOAN PAYABLES AND RELATED PARTY OUTSTANDING

   Interest Rate   December 31, 2025 ($)   December 31, 2024 ($) 
Taehoon Kim   0%   583    - 
Jaeman Lee   4.6(1)   84,733    255,286 
Hangmuk Shin   4.6%   6,969    94,321 
PixelArc LLC   0%   963    - 
Total        93,248    349,607 

 

(1) The interest rate applicable to Faning Korea, LLC is 4.6% per annum, whereas the interest rate applicable to Global Interactive Technologies, Inc. is 0%.

 

The Company recognized interest expense of $2,061 and $5,962 for the year ended December 31, 2025 and 2024, respectively.