NOTE 5: LOAN RECEIVABLE

On January 27, 2025, the Company entered into a loan receivable agreement with Golden Bridge Capital Management Limited (“Golden”), whereas the Company lent Golden $6,000,000 for a temporary debt investment. The loan was to be repaid with a minimum of $1,000,000 principal payments quarterly, with accrued interest at an annual rate of 5%. Golden is currently not a credit rated lender.

The Golden loan receivable was amended on April 7, 2025, to amend the payment terms and interest as follows: payments to be made are a minimum of $1,000,000 by January 2026, $2,000,000 from January 2026 through January 2027 and $3,000,000 from January 2027 through January 2028, plus accrued interest at an annual rate of 7%. If the debt is not repaid in accordance with the foregoing schedule, an additional penalty interest of 5% per annum will apply to any overdue amounts. During the three months ended June 30, 2026 and 2025, the Company recognized interest income in the amount of $88,472 and $100,859, respectively and $175,972 and $173,192 during the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, the loan receivable principal balance was $5,000,000, of which $2,000,000 was classified as current and $3,000,000 as non-current, and the interest receivable balance was $541,751.