| Other Payable |
NOTE 11 - Other Payable | Nature | | June 30,
2026 | | | December 31,
2025 | | | | | (Unaudited) | | | | | | Outside service, professional, and consultant fee | | $ | 5,230,210 | | | $ | 5,105,446 | | | Land commission payable | | | 1,288,561 | | | | 1,288,561 | | | Interest payable | | | 3,373,028 | | | | 2,902,497 | | | Bonus, health insurance, and payroll taxes | | | 1,728,442 | | | | 1,636,769 | | | R&D supplies | | | 672,149 | | | | 672,149 | | | Employee reimbursement | | | 277,927 | | | | 277,927 | | | Office expense | | | 222,292 | | | | 306,978 | | | Disputed accounts payable* | | | 181,905 | | | | 191,266 | | | Strategic development deposit** | | | 1,450,000 | | | | - | | | Others | | | 1,127,716 | | | | 1,011,735 | | | Total other payable | | $ | 15,552,230 | | | $ | 13,393,328 | | | * | On March 17, 2026, Aircom Telecom and Cybernet Systems Taiwan Co., Ltd (“Cybernet”), who provided software license to Aircom Telecom, reached a settlement regarding accounts payable of NTD 10,278,850 (approximately $0.3 million) owed by Aircom Telecom to Cybernet. Under the terms of the settlement, the Aircom Telecom agreed to settle the obligation by paying NTD 6,000,000 (approximately $0.2 million) in installments, resulting in a gain of NTD 4,278,850 (approximately $0.1 million). | | | | | ** | In December 2025, the Company entered into a strategic development agreement with G-TECH Optoelectronics Corporation (“GTOC”) to establish a framework for potential cooperation solely in support of defense programs led by United States Department of Defense and/or the Department of War, with any cooperation involving allied or partner authorities. In March 2026, the Company and GTOC entered into supplemental agreement NO.1 (“Supplemental Agreement”) for the research, development, testing, qualification and potential commercialization of glass-based conformal antenna system intended for aerospace, defense and national security applications. Under the terms of the Supplemental Agreement, GTOC will provide a strategic development deposit totaling approximately $1.5 million to the Company, with 50% payable upon execution of the agreement and the remaining 50% payable within seven (7) days following the verification of the Company conformal antenna proposal. |
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