Related Party Transactions |
6 Months Ended |
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Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 11. Related Party Transactions
The following is a summary of related party transactions that met our disclosure threshold:
Product Co-development Agreement
Pursuant to a five-year Product Co-development Agreement effective on August 1, 2021 (the “Product Co-Development Agreement”) with Taiwan Carbon Nano Technology Corporation (“TCNT”), the development expenses incurred were $70,175 and $150,041 for the three and six months ended June 30, 2026, compared to $76,977 and $173,672 for the three and six months ended June 30, 2025. The fee for non-exclusive use of patents was $150,444 and $299,529 for the three and six months ended June 30, 2026, compared to $158,447 and $308,013 for the three and six months ended June 30, 2025. Advance payments totaled $85,886 and $92,014 as of June 30, 2026 and December 31, 2025, respectively.
Manufacturing Service Agreement with TCNT for the AI Nose hardware products
On November 14, 2025, the Company entered into a manufacturing service agreement with TCNT to manufacture AI Nose hardware products. A deposit equal to 50% of the contract price was prepaid by the Company totaling $50,793 and $53,063 as of June 30, 2026 and December 31, 2025, respectively.
Lease agreement with director
The Company lease its office in Taiwan with a director of the Company for NT$50,000 (approximately US$1,570) per month. On June 1, 2026, the Company renew the office lease agreement for one year with the same lease amount till May 31, 2027.
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