| PREPAID EXPENSES AND OTHER CURRENT ASSETS |
4.
PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid
expenses and other current assets consisted of the following:
SCHEDULE
OF PREPAID EXPENSES AND OTHER CURRENT ASSETS
| | |
December 31, 2025 | | |
June 30, 2026 | |
| | |
As of | |
| | |
December 31, 2025 | | |
June 30, 2026 | |
| | |
US$ | | |
US$ | |
| Loan receivables from third parties (1) | |
| - | | |
| 540,446 | |
| Prepaid expenses (2) | |
| 99,297 | | |
| 135,708 | |
| Deposits (3) | |
| 76,223 | | |
| 50,444 | |
| Total prepaid expenses and other current assets | |
| 175,520 | | |
| 726,598 | |
| (1) |
As of June 30, 2026, loan
receivables from third parties primarily consisted of a $300,000 promissory note issued by Yocto Investments LLC, Quetta Acquisition
Corp. (the “SPAC”)’s sponsor, in favor of SKG, and $240,466 of extension fees paid on behalf of Quetta. Upon completion
of the De-SPAC transaction, the promissory note would be converted into that number of securities of the SPAC or the post-De-SPAC
surviving company at $3.00 per share. The extension fees were paid at $60,000 per month. |
| (2) |
The balance of prepaid
expenses represented prepaid transport services expenses and other miscellaneous fees. |
| (3) |
The balance of deposits
represented rental and utilities deposits. |
|
| 6. | PREPAID
EXPENSES AND OTHER CURRENT ASSETS |
Prepaid
expenses and other current assets consisted of the following:
SCHEDULE
OF PREPAID EXPENSES AND OTHER CURRENT ASSETS
| | |
2024 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
US$ | | |
US$ | |
| Prepaid expenses (1) | |
| | | |
| 99,297 | |
| Deposits (2) | |
| - | | |
| 76,223 | |
| Total prepaid expenses and other current assets | |
| - | | |
| 175,520 | |
| (1) | The
balance of prepaid expenses represented prepaid transport services expenses and other miscellaneous
fees. |
| (2) | The
balance of deposits represented rental and utilities deposits. |
|