| Other Payable |
NOTE 11 - Other Payable
| Nature | |
March 31,
2026 | | |
December 31,
2025 | |
| | |
(Unaudited) | | |
| |
| Outside service, professional, and consultant fee | |
$ | 5,019,290 | | |
$ | 5,105,446 | |
| Land commission payable | |
| 1,288,561 | | |
| 1,288,561 | |
| Interest payable | |
| 3,119,012 | | |
| 2,902,497 | |
| Bonus, health insurance, and payroll taxes | |
| 1,655,506 | | |
| 1,636,769 | |
| R&D supplies | |
| 672,149 | | |
| 672,149 | |
| Employee reimbursement | |
| 277,927 | | |
| 277,927 | |
| Office expense | |
| 222,773 | | |
| 306,978 | |
| Disputed accounts payable* | |
| 181,905 | | |
| 191,266 | |
| Strategic development deposit** | |
| 1,450,000 | | |
| - | |
| Others | |
| 1,033,092 | | |
| 1,011,735 | |
| Total other payable | |
$ | 14,920,215 | | |
$ | 13,393,328 | |
| * | On March 17, 2026, Aircom Telecom and Cybernet Systems Taiwan Co., Ltd (“Cybernet”), who provided software license to Aircom Telecom, reached a settlement regarding accounts payable of NTD 10,278,850 (approximately $0.3 million) owed by Aircom Telecom to Cybernet. Under the terms of the settlement, the Aircom Telecom agreed to settle the obligation by paying NTD 6,000,000 (approximately $0.2 million) in installments, resulting in a gain of NTD 4,278,850 (approximately $0.1 million). | | | | | ** | In December 2025, the Company entered into a strategic development
agreement with G-TECH Optoelectronics Corporation (“GTOC”) to establish a framework for potential cooperation solely in support
of defense programs led by United States Department of Defense and/or the Department of War, with any cooperation involving allied or
partner authorities. In March 2026, the Company and GTOC entered into supplemental agreement NO.1 (“Supplemental Agreement”)
for the research, development, testing, qualification and potential commercialization of glass-based conformal antenna system intended
for aerospace, defense and national security applications. Under the terms of the Supplemental Agreement, GTOC will provide a strategic
development deposit totaling approximately $1.5 million to the Company, with 50% payable upon execution of the agreement and the remaining
50% payable within seven (7) days following the verification of the Company conformal antenna proposal. |
|