11. Other Receivables and Current Assets, Net

Other receivables and current assets, net consisted of the following at June 30, 2026 and December 31, 2025:

At June 30, 2026 and December 31, 2025 advances to suppliers include advances for material costs related to the Longfellow project of approximately $1.0 million and $281,000, respectively. The amount also includes an advance to suppliers of $602,402 related to the new transformer sale agreement that the Company entered into in June 2026 with another Longfellow entity, Longfellow Solar I LLC.

 Other receivable at June 30, 2026 relates to amounts the Company advanced to one of its suppliers in RMB during the three months ended June 30, 2026, for which the supplier will repay the Company in U.S. dollars. The advances are short-term in nature and typically collected in 180 days. The supplier has made $410,000 in payments subsequent to June 30, 2026. Based on the short-term nature of the advances and the history of payments made by the supplier, the Company believes that an allowance for credit losses at June 30, 2026 is not required.