DEFERRED INCOME |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||
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| DEFERRED INCOME | NOTE 15 - DEFERRED INCOME
As of December 31, 2025 and 2024, deferred income was $1,133,055 and $1,195,384, respectively. Of these amounts, $110,590 and $121,897 were classified as current and $1,022,465 and $1,073,487, respectively were classified as non current. . The Company recognized $124,023 and $165,646, respectively, of government grants for the year ended December 31, 2025 and 2024, which consisted of $124,914 of asset-based grants and $40,732 of income-based grants for the year ended December 31, 2024, and $124,023 of asset-based grants for the year ended December 31, 2025,
The future amortization of deferred revenue schedule as follow:
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