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
(i)
The total future minimum lease payments of property management fee and short-term lease under the non-cancellable operating lease with respect to the office as of June 30, 2026 are payable as follows:
As of June 30, 2026 and 2025, the Company had no capital commitments.
(ii) Litigation
As of December 31, 2025, there were 27 ongoing litigations associated with the Company’s subsidiaries under discontinued operations. The estimated liabilities amount total $6,126,322 was included under “Current liabilities held for sale associated with discontinued operation of ELPW in the Company’s consolidated balance sheets as of December 31, 2025.”
Following the completion of the disposal of these subsidiaries, the Group is no longer exposed to the potential liabilities associated with these litigations. As of June 30, 2026, the Company was not a party to any material pending litigation, legal claims or arbitration proceedings.
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