v3.26.1
Bank Loans
6 Months Ended
Jun. 30, 2026
Bank Loans [Abstract]  
Bank Loans

13. Bank Loans

 

The outstanding balances on short-term and long-term bank loans consisted of the following:

 

          As of 
Lender  Maturities  Interest rate  

June 30,

2026

   December 31,
2025
 
          Unaudited     
Chajiaduo supply chain Hubei co., Ltd  Due in February 2026   
-
    
-
    71,499 
Mr. Wei Jin  Due in December 2025   12%   
-
    71,499 
Bank overdraft           6,952    785 
Total          $6,952   $143,783 

 

The loan from Chajiaduo Supply Chain Hubei Co., Ltd. was obtained to support general working capital, with no guarantee requirement. This loan was fully repaid upon maturity.

 

The loan from Mr. Wei Jin was obtained to support general working capital, with no guarantee requirement. This loan was fully repaid in March 2026.

 

Interest expense for the three months ended June 30, 2026 and 2025 was $303 and $2,154, respectively. Interest expense for the six months ended June 30, 2026 and 2025 was $736 and $4,264, respectively.