v3.26.1
OTHER PAYABLE, ACCRUED EXPENSE AND OTHER CURRENT LIABILITY
6 Months Ended
Jun. 30, 2026
Payables and Accruals [Abstract]  
OTHER PAYABLE, ACCRUED EXPENSE AND OTHER CURRENT LIABILITY

NOTE 11 — OTHER PAYABLE, ACCRUED EXPENSE AND OTHER CURRENT LIABILITY

 

The following table shows breakdown of Company’s other payable, accrued expense and other current liabilities:

 

   June 30, 2026   December 31, 2025 
Credit card liabilities 

$

130,804   $17,699 
Other current liabilities 

$

9,373   $227,024 
Accrual for litigation (a) 

$

5,988,961   $5,988,961 
Total 

$

6,129,138   $6,233,684 

 

Note (a): The balance mainly represented a $5,988,961 litigation accrual in connection with Nebula (see Note 17).

 

 

MASSIMO GROUP AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)