Prepayments
and other current assets, net consisted of the following:
SCHEDULE OF PREPAYMENT AND OTHER CURRENT ASSETS
| | |
December 31，2025 | | |
June 30，2026 | |
| | |
As of | |
| | |
December 31，2025 | | |
June 30，2026 | |
| | |
| | |
(Unaudited) | |
| Loan to a third party (1) | |
$ | - | | |
$ | 3,309,881 | |
| Deductible input VAT | |
| 72,719 | | |
| 73,388 | |
| Prepaid expense | |
| 11,394 | | |
| 32,983 | |
| Advance to suppliers | |
| 3,020 | | |
| 35,253 | |
| Others | |
| 210 | | |
| 2,633 | |
| Total | |
$ | 87,343 | | |
$ | 3,454,138 | |
| (1) | The
balance as of June 30, 2026 primarily represented a loan in the principal amount of US$3,309,881
that the Company lent to Suzhou Chaoyuhua Precision Technology Co., Ltd. (the “Borrower”),
a third party, pursuant to a loan agreement dated February 25, 2026. The loan matures on
July 31, 2026, on which date the principal and accrued interest are repayable in a lump sum.
The loan is unsecured. As of the date of this report, the loan has not been collected.. |
|