As of June 30, 2026 and December 31, 2025, prepaid expenses and other assets were comprised of the following: | | | June 30, | | | December 31, | | | | | 2026 | | | 2025 | | | | | | | | | | | Due from online payment platforms (a) | | $ | 1,430,700 | | | $ | 1,325,600 | | | Prepayment to suppliers | | | 447,000 | | | | 813,100 | | | Others | | | 299,800 | | | | 214,200 | | | Less: allowance for credit loss against other receivable | | | (80,500 | ) | | | - | | | | | $ | 2,097,000 | | | $ | 2,352,900 | | | (a) | The Company’s IAP customers make payments to the Company through online payment platforms, including Apple Pay and Google Pay. It generally takes 2 – 3 weeks for the online payment platforms to make the payments from online payment platforms accounts to the Company’s bank account. As of June 30, 2026 and December 31, 2025, the outstanding represented IAP service fees in the account of the Company’s online payment platforms. |
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