Other
receivables consist of the following:
Schedule of other receivables
| | |
As of December 31, 2025 | | |
As of December 31, 2024 | |
| | |
US$ | | |
US$ | |
| Sales, goods and services taxes receivables | |
$ | 181,706 | | |
$ | 193,226 | |
| Refund receivable(1) | |
| 100,000 | | |
| 100,000 | |
| Employee advances and others | |
| 24,512 | | |
| 8,580 | |
| Receivables from a factoring company (2) | |
| - | | |
| 169,465 | |
| Other receivables | |
$ | 306,218 | | |
$ | 471,271 | |
| |
(1) |
A US$100,000 deposit paid for a proposed acquisition that is no longer proceeding and is expected to be recovered following the favorable court outcome. |
| |
(2) |
These
receivables represent pledged accounts receivable received by the factoring company from the Company’s customers pending to
be repaid to the Company with $143,761 are pledged accounts receivable (see Note 3) associated with the secured borrowings –
recourse factoring liabilities (see Note 8).
|
|