v3.26.3
Prepaid Expenses and Other Current Assets
 12 Months Ended
Dec. 31, 2025
Prepaid Expenses and Other Current Assets [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS
6. PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses and other current assets consisted of the following:

 

    As of December 31,  
    2024     2025  
Interest-free loan to third parties   $ 531,715     $ 1,971,676  
Deposits     349,870       268,632  
Tax prepayment     257,964       355,827  
Prepaid expenses     89,803       117,049  
Advances to suppliers     1,314       -  
Others     29,201       21,940  
Total prepaid expenses and other current assets, net   $ 1,259,867     $ 2,735,124  

 

For the years ended December 31, 2023, 2024 and 2025, the Group recorded provision for expected credit losses for the Group’s prepaid expenses and other current assets of US$5,383, nil and nil, respectively, which was written off in the corresponding period. Considering the recoverability, the Group recorded no credit loss allowance on prepaid expenses and other current assets for the years ended December 31, 2023, 2024 and 2025.