v3.26.1
PREPAYMENTS, NET (Tables)
12 Months Ended
Dec. 31, 2025
PREPAYMENTS, NET  
Schedule of prepayments, net

As of December 31,

2025

2024

Prepayment for R&D

$

11,799,310

$

13,296,763

Prepayment for purchase of property and equipment

 

1,393,678

 

1,378,198

Prepayment for purchase of materials and others

 

3,863,436

 

3,305,963

Prepaid expense for others

 

606,259

 

319,196

Subtotal

 

17,662,683

 

18,300,120

Less: impairment loss

 

(4,204)

 

(4,867)

Subtotal, net

 

17,658,479

 

18,295,253

Less: Long term portion

 

(7,113,014)

 

(8,021,046)

Prepayments, net – current portion

$

10,545,465

$

10,274,207

Schedule of prepayments impairment loss

For the years ended

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

 

2023

Balance at the beginning of the year

$

(4,867)

$

(5,002)

$

Additions charged to the impairment loss

 

 

(5,016)

Foreign currency translation adjustments

 

663

 

135

14

Balance at the end of the year

$

(4,204)

$

(4,867)

$

(5,002)