v3.26.1
ADVANCES TO SUPPLIERS, NET
12 Months Ended
Dec. 31, 2025
Investments in and Advances to Affiliates [Abstract]  
ADVANCES TO SUPPLIERS, NET

Note 5 - ADVANCES TO SUPPLIERS, NET

 

Advances to suppliers consisted of the following:

 

   December 31,   December 31, 
   2025   2024 
Advances to suppliers   1,270,335    1,639,727 
Provision for impairment   -    (1,539,867)
Total advances to suppliers, net  $1,270,335   $99,861 

 

For the years ended December 31, 2025, 2024 and 2023, the Company recorded provisions for advances to suppliers of nil, nil and $3,508,411, respectively. During the same periods, the Company reduced such provisions by $1,539,867, $1,968,544 and nil, respectively, with the reduction in 2025 resulting from the sale of subsidiaries and the reduction in 2024 attributable to the reversal of previously recognized provisions.