| Schedule of Other Payables and Other Current Liabilities |
Other payables and other current liabilities consisted
of the following:
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| Other tax payable(1) | |
| 754,260 | | |
| 805,702 | |
| Payroll payable | |
| 897,079 | | |
| 601,032 | |
| Loans from third parties(2) | |
| 310,497 | | |
| - | |
| Accrued expenses | |
| 190,264 | | |
| 60,174 | |
| Total other payables and other current liabilities | |
$ | 2,152,100 | | |
$ | 1,466,908 | |
| (1) | Other taxes payable primarily represent personal income tax liabilities arising from the distribution of share-based compensation, amounting to $746,205 and $729,637 as of December 31, 2025 and 2024, respectively. | | | | | (2) | On May 27, 2025, the Company borrowed a loan from a third party amounted to $100,000 with a maturity date as at November 26, 2025. The interest rate of the loan was 1% per month. The Company repaid the loan in January 2026.
On February 25, 2025, the Company borrowed an interest-free loan from a third party amounted to $90,000 with a maturity date as at February 24, 2026. On November 5, 2025, the Company borrowed an interest-free loan from a third party amounted to $120,000 with a maturity date as at November 4, 2026. The loan is interest-free and the effect of discounting the principal amount using an imputed interest rate is immaterial to the financial statements. |
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