NOTE 9 – ACCRUED EXPENSE AND OTHER PAYABLES As of June 30, 2026 and December 31, 2025, accrued expenses and other payables consisted of unpaid professional fees as follows: | | | June 30,
2026 | | | December 31, 2025 | | | Professional fees and operating expenses(a) | | $ | 39,174 | | | $ | 329,846 | | | Short term loans (b) | | | 580,388 | | | | 2,038,115 | | | Payroll | | | 29,666 | | | | 25,706 | | | Contract liabilities | | | 109,760 | | | | - | | | Total | | $ | 758,988 | | | $ | 2,393,667 | | | (a): | The professional fees consisted of outstanding legal fees related to shareholder litigation, consulting fees, listing compliance fees payable to professional firms, and operating expenses. | | | | | (b): | The Company borrowed funds from former executives and a third party to cover daily operational expenses. The payable is unsecured, interest-free, and is expected to be repaid either in cash or through the issuance of the Company’s common stock, subject to mutual agreement between the parties. |
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