| FIXED DEPOSIT |
NOTE 10 – FIXED DEPOSIT As of June 30, 2026 and December 31, 2025, fixed deposit consisted of the following: | | | As of | | | | | June 30,
2026 | | | December 31,
2025 | | | Three-year bank deposit-current | | $ | 3,099,212 | | | $ | 2,966,386 | | | Three-year bank deposit-non current | | | 4,602,744 | | | | 4,421,828 | | | Total | | $ | 7,701,956 | | | $ | 7,388,214 | | All fixed deposits were deposited in local banks in the PRC, each with a deposit term of three years. As of June 30, 2026, the Company had four outstanding term deposits with the following maturity dates and annual interest rates: | | (1) | approximately $1.50 million with China Zheshang Bank, maturing on December 5, 2028, bearing interest at 1.90% per annum; | | | (2) | approximately $1.55 million with China Zheshang Bank, maturing on June 27, 2027, bearing interest at 2.60% per annum; | | | (3) | approximately $3.10 million with China Zheshang Bank, maturing on September 27, 2027, bearing interest at 2.40% per annum; | | | (4) | approximately $1.55 million with Bank of Ningbo, maturing on January 15, 2029, bearing interest at 3.00% per annum. |
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