v3.26.3
ACCRUED EXPENSES AND OTHER LIABILITIES
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
ACCRUED EXPENSES AND OTHER LIABILITIES

12. ACCRUED EXPENSES AND OTHER LIABILITIES

 

   As of June 30,   As of December 31, 
  2026   2025 
    (Unaudited)    (Audited) 
Accrued payroll and welfare  $31,947   $13,280 
Interest payable   495,023    857,919 
Accrued professional fees   -    905,835 
Loan payables to third parties   294,103    - 
Others   21,435    35,744 
Total  $842,508   $1,812,778 

 

Loan payables to third parties

 

The amount represented interest-free loans of RMB1,995,520 from third parties that were formerly related parties of the Company. The loans were unsecured and repayable on demand.