NOTE 7 – SHORT-TERM BORROWINGS |
9 Months Ended | ||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | |||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||
| NOTE 7 – SHORT-TERM BORROWINGS | NOTE 7 – SHORT-TERM BORROWINGS
As of September 30, 2025, the Company’s subsidiary AI UltraProd had one-year loans with a total principal amount of RMB 17,460,000 (equivalent to US$2,452,592) from banks in the PRC, with interest rates ranging from 3.15% to 6.53% per annum. Interest payments are due quarterly.
Short-term borrowings are as follows:
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