RELATED PARTY TRANSACTIONS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS
Related parties’ liabilities consist of the following:
Advances from related parties
As of June 30, 2026 and December 31, 2025, the Company owed $ and $ to certain shareholders, officers, and directors of BILI Inc. (“BILI”), respectively. These balances represent advances made by these related parties to fund the Company’s operating expenses. The balances owed to shareholders of $ and $ were received as a subscription for future issuance of shares. These amounts are non-interest bearing, due on demand, and have no specified repayment schedule.
Shareholder loan payable
As of June 30, 2026 and December 31, 2025, a shareholder of BILI Inc. (“BILI”) was owed $ and $, respectively. The loan bears interest at 12% per annum, and matured on December 31, 2025. The obligations under this agreement are supported in part by designated trade receivables generated from specific commercial influencer and brand campaigns. The Company maintains the flexibility to manage this collateral pool by replacing the referenced contracts with materially similar or larger commercial agreements that may be executed during the term of the borrowing, provided notice is given to the shareholder. The outstanding principal was repaid during the six months ended June 30, 2026.
Interest payable on shareholder loans payable was $ and $ as of June 30, 2026 and December 31, 2025, respectively.
Due from related parties consist of the following:
Advances to related parties
As of June 30, 2026, and December 31, 2025, the Company had advanced $7,613 and $, respectively, to certain shareholders, officers, and directors of BILI Inc. (“BILI”). These advances were provided to cover operational expenses on behalf of the Company.
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