v3.26.1
Related Party Balances and Transactions
 6 Months Ended
Jun. 30, 2026
Related Party Balances and Transactions [Abstract]  
Related Party Balances and Transactions

Note 9 – Related Party Balances and Transactions

 

Other payables – related parties:

 

Name of related party   Relationship   Nature   June 30,
2026		     December 31,
2025		  
            (unaudited)        
Xiaojian Wang   Chief Executive Officer   Accrued compensations   $ 12,500     $ 100,000  
Xiaojian Wang   Chief Executive Officer   Operating related fees paid on behalf of the Company     2,150       2,150  
Zihao Zhao   Chief Finance Officer   Accrued compensations     -       60,833  
Zihao Zhao   Chief Finance Officer   Reimbursement     2,096       2,033  
Total           $ 16,746     $ 165,016  

 

Related Party Transaction

 

In January 2026, Mr. Xiaojian Wang, the Chief Executive Officer of the Company (“CEO”), made advances of $310,000 to the Company through a loan agreement, these advances are non-interest bearing and due on demand. In May and June 2026, the Company fully repaid such advances, and there was no outstanding as of June 30, 2026.

 

As of June 30, 2026 and December 31, 2025, the balance of other payables - related parties were $16,746 and $165,016, respectively, mainly consisted of accrued compensation of the Company’s officers, interest - free advances received from the Company’s officers and operating related fees paid by the Company’s officer on behalf of the Company.

 

For the three months ended June 30, 2026 and 2025, the Company recorded compensation expenses to its officers amounted to $37,500 and $32,036, respectively, for their services provided to the Company. For the six months ended June 30, 2026 and 2025, the Company recorded compensation expenses to its officers amounted to $75,000 and $52,036, respectively, for their services provided to the Company.