v3.26.1
PREPAYMENTS AND DEPOSITS, NET (Tables)
6 Months Ended
Jun. 30, 2026
Prepayments And Deposits Net  
SCHEDULE OF PREPAID EXPENSES AND DEPOSITS, NET

 

  

June 30, 2026

  

December 31, 2025

 
   As of 
  

June 30, 2026

  

December 31, 2025

 
         
Prepaid expenses  $520,810   $560,662 
Deposit for investment (1)   24,531,431    23,816,398 
Deposits to suppliers   215,523    206,003 
Subtotal   25,267,764    24,583,063 
Less: Allowance for credit loss – Prepaid expenses   (509,994)   (510,310)
Total  $24,757,770   $24,072,753 

 

  (1) The Company entered into an entrusted investment agreement with Bi Cheng Investment Management Limited (“Bi Cheng”) on March 11, 2025, whereby Bi Cheng is responsible to identify and manage suitable investment opportunities on behalf of the Company. The deposit is refundable upon mutual agreement between the Company and Bi Cheng. Upon such agreement, the refund is expected to be made within two months.
SCHEDULE OF CHANGES IN ALLOWANCE FOR DOUBTFUL ACCOUNTS

Movements of allowance for credit loss are as follows:

 

  

June 30, 2026

  

December 31, 2025

 
   As of 
  

June 30, 2026

  

December 31, 2025

 
         
Beginning balance  $510,310   $67,768 
Addition   -    510,310 
Write off   -    (71,051)
Exchange rate effect   (316)   3,283 
Ending balance  $509,994   $510,310