v3.26.1
NOTE 11 – PREPAYMENTS AND OTHER ASSETS
9 Months Ended
Sep. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
NOTE 11 – PREPAYMENTS AND OTHER ASSETS

NOTE 11 – PREPAYMENTS AND OTHER ASSETS

 

  

As of

September 30,

2025

 

As of

December 31, 2024

       
Advances to suppliers  $2,394,639   $   
Deductible VAT   19,697       
Deposits   1,114       
Prepayments and other assets  $2,415,450   $   

 

Advances to suppliers of $2,394,639 primarily relate to deposits for components, materials, and manufacturing services expected to be received and utilized within the next 12 months. Management monitors supplier performance and credit risk and evaluates advances for impairment if recovery becomes doubtful.