v3.26.3
DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET
 6 Months Ended
Jun. 30, 2026
Deposits Prepayments And Other Receivables Net  
DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET

NOTE 6 – DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET

 

Deposits, prepayments and other receivables, net consist of the following:

 

   June 30, 2026   December 31, 2025 
   As of 
   June 30, 2026   December 31, 2025 
Deposits  $18,483   $21,932 
Prepayments   123,535    122,368 
Other receivables   40,405    40,670 
Deposits prepayments and other receivables gross   182,423    184,970 
Less: allowance for expected credit losses   (1,275)   — 
Total  $181,148   $184,970 

 

During the six months ended June 30, 2026 and 2025, the prepaid marketing service fees of approximately $0 and $0.86 million were amortized over their service periods and expensed to the marketing expenses in the consolidated statements of operations and comprehensive loss, respectively.

 

The movement of allowances for expected credit losses is as follows:

 

   June 30, 2026   December 31, 2025 
   As of 
   June 30, 2026   December 31, 2025 
Balance at beginning, January 1  $—   $(1,749,619)
Allowance for expected credit losses   (1,275)   (407,081)
Written-off as uncollectible   —    2,156,979 
Foreign currency translation   —    (279)
Balance at end of period  $(1,275)  $— 

 

For the six months ended June 30, 2026 and 2025, allowance of credit losses charged on deposits, prepayments and other receivables was $1,275 and nil, respectively.