| ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
9. ACCRUED EXPENSES
AND OTHER CURRENT LIABILITIES
Accrued expenses
and other current liabilities consist of the following:
| Schedule of Accrued expenses and other current liabilities |
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As of |
| |
|
December 31, 2025 |
|
June 30, 2026 |
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|
$US |
|
$US |
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|
|
|
(Unaudited) |
| Accrued marketing expansion expenses (1) |
|
|
2,000,725 |
|
|
|
1,927,232 |
|
| Accrued payroll and social insurance |
|
|
1,068,421 |
|
|
|
808,054 |
|
| Taxes payable |
|
|
80,132 |
|
|
|
23,388 |
|
| Other accrued expenses (2) |
|
|
434,179 |
|
|
|
740,904 |
|
| Contract liabilities |
|
|
— |
|
|
|
150,426 |
|
| Total accrued expenses and other current liabilities |
|
|
3,583,457 |
|
|
|
3,650,004 |
|
| |
(1) |
Accrued marketing expansion expenses as of December 31, 2025 and June 30, 2026 primarily related to expenses incurred for expanding into markets including North America, Singapore, and Taiwan, China. |
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(2) |
Other accrued expenses as of December 31, 2025 and June 30, 2026 mainly included accrue refund liability, payable rental fees, legal fees and expenses paid by employees on behalf of the company, such as travel expenses, payable miscellaneous expenses such as utilities and office expenses for daily operations. |
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