| OTHER RECEIVABLES, NET |
4. OTHER RECEIVABLES, NET
Other receivables, net, consist of the following:
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Other receivables (1) | |
$ | 9,804,182 | | |
$ | 9,373,193 | |
| Receivable for prepaid purchases (2) | |
| 667,932 | | |
| 570,400 | |
| Unsettled stocks | |
| 33,435 | | |
| 860,195 | |
| Interest receivable | |
| 261,338 | | |
| 19,260 | |
| Others | |
| 6,200 | | |
| 57,929 | |
| Total other receivables, net | |
$ | 10,773,087 | | |
$ | 10,880,977 | |
| (1) | Other receivables consist mainly of: 1) the loan amount to Future Commercial Management (Hainan) Co., Ltd., (“Future Hainan”), which was a subsidiary until December 16, 2025. On December 12, 2025, the Company entered into a “Loan Agreement” with Future Hainan, pursuant to which the Company loaned an amount of $9.37 million (RMB 65.88 million) to Future Hainan at the annual interest rate of 5%. As of June 30, 2026, the balance of other receivables was $9.66 million. |
| (2) | Receivable for prepaid purchases has been reclassified from “Advance to Suppliers” due to the cancellation of purchase transactions. |
|