NOTE 5 — PREPAYMENTS AND OTHER ASSETS, NET Prepayments and other assets consisted of the following: | | | June 30,
2026 | | | December 31,
2025 | | | | | | | | | | | Prepaid rents | | $ | 12,727 | | | $ | 19,642 | | | Deposits | | | 95,020 | | | | 42,197 | | | Prepaid expense | | | 58,842 | | | | 80,674 | | | Value-added tax refund and income tax refund | | | 247,927 | | | | 156,845 | | | Less: allowance for uncollectible balances | | | (3,731 | ) | | | (3,620 | ) | | Prepayments and other current assets; net | | $ | 410,785 | | | $ | 295,738 | | Allowance for credit losses movement is as follows: | | | June 30,
2026 | | | December 31,
2025 | | | | | | | | | | | Beginning balance | | $ | 3,620 | | | $ | 3,468 | | | Foreign currency translation adjustments | | | 111 | | | | 152 | | | Ending balance | | $ | 3,731 | | | $ | 3,620 | |
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