v3.26.1
NOTE 11 – PREPAYMENTS AND OTHER ASSETS
6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
NOTE 11 – PREPAYMENTS AND OTHER ASSETS

NOTE 11 – PREPAYMENTS AND OTHER ASSETS

 

  

As of

June 30,

2026

 

As of

December 31, 2025

       
Advances to suppliers  $5,778,384   $3,347,251 
Deductible VAT   9,239    8,968 
Deposits   33,651    27,203 
Prepayments and other assets  $5,821,274   $3,383,422 

 

Advances to suppliers of $5,778,384 primarily relate to deposits for components, materials, and manufacturing services expected to be received and utilized within the next 12 months. Management monitors supplier performance and credit risk and evaluates advances for impairment if recovery becomes doubtful.