COMMITMENTS AND CONTINGENCIES |
6 Months Ended |
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Jun. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| COMMITMENTS AND CONTINGENCIES | 19. COMMITMENTS AND CONTINGENCIES
The Company may from time to time be subject to legal proceedings, investigations, and claims incidental to conduct of our business.
In September 2025, a passenger riding an elevator maintained by our company, Tianjin Weida Elevator Co., Ltd., experienced an abnormal descent after a brake communication malfunction triggered the safety protection mechanism. The plaintiff alleges that our company failed to fulfill its safety obligations and is seeking damages of $12,000. The plaintiff has applied for preservation of the amount in dispute, and a judicial appraisal determined that some injuries were directly caused by the elevator malfunction, while others were not. The Company anticipated an unfavorable outcome from the lawsuit and accrued a provision of $1,500 for probable loss in 2026. The case is pending court acceptance.
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