v3.26.3
RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Related Party Transactions [Abstract]    
SCHEDULE OF RELATED PARTY TRANSACTIONS

During the three and six months ended June 30, 2026 and 2025, related-party transactions had the following impact on income (loss) before income taxes:

 SCHEDULE OF RELATED PARTY TRANSACTIONS

   2026   2025   2026   2025 
Related Party Transactions  Impact on pre-tax loss 
Income Statement  Three months ended   Six months ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Revenue share – related party (Kami)  $594,238   $501,307   $1,350,246   $1,071,895 
Product revenue -related party (Kami)   -    -    -    134 
Product revenue -related party (ZKCam)   5,143    146,655    140,507    146,655 
Product revenue – related party (Xiaoyun)   -    -    517    - 
Product revenue – related party (Yishijue)   -         667      
Intelligent Information Service revenue – related party (Kami)   152,719    -    310,101    - 
AI Service Sharing revenue – related party (Kami)   27,130    -    59,790    - 
Product cost -related party   (92,490)   (836,639)   (233,292)   (1,746,262)
General and administrative expenses - Consulting fee-related party (Kami)   (33,869)   (74,996)   (67,480)   (149,482)
General and administrative expenses - Shareholder’s business travel expense (Sean)   (16,378)   (25,800)   (38,114)   (25,800)
General and administrative expenses - Financial consulting fee (Ants)   (15,000)   (15,000)   (30,000)   (30,000)
Other income - Marketing incentive subsidy income (Kami)   -    533,688    -    1,217,586 
Total impact on pre-tax income/(loss)  $621,493   $229,215   $1,492,942   $484,726 

 

 

Related Party Balances

 

As of June 30, 2026 and December 31, 2025, balances with related parties were as follows.

 

Balance Sheet  Ants   Senslab SH   Senslab HK   ZKCam 
Related Party Transactions  As of June 30, 2026
Balance Sheet  Ants   Senslab SH   Senslab HK   ZKCam 
Accounts receivable - related party  $-   $-   $-   $505,775 
Other receivable - related party, net   4,872    42,083    -    - 
Prepayment - related party   36,844    -         - 
Advance to suppliers – related party   -    1,056,527    21,387    - 
Accounts payable - related party   1,795    -    -    - 
Other payable - related party   -    -    -    - 

 

Balance Sheet             
Related Party Transactions As of June 30, 2026
Balance Sheet   Kami   Sean Da  

Yi

shijue

  

Xiao

Yun

 
Accounts receivable - related party   $2,744,091   $-   $667   $517 
Other receivable - related party, net    -    165,862    -    4,143 
Prepayment - related party    -    -    -      
Advance to suppliers – related party    -    -    -    - 
Accounts payable - related party    -    -    -    - 
Other payable - related party    -    -    1,787    - 

 

Balance Sheet   Total 
Related Party Transactions As of June 30, 2026 
Balance Sheet   Total 
Accounts receivable - related party   $3,251,050 
Other receivable - related party, net    216,960 
Prepayment - related party    36,844 
Advance to suppliers – related party    1,077,914 
Accounts payable - related party    1,795 
Other payable - related party    1,787 

 

Balance Sheet            
Related Party Transactions  As of December 31, 2025   As of December 31, 2025   As of December 31, 2025   As of December 31, 2025 
Balance Sheet  Ants   Senslab SH   Senslab HK   Xiaoyun 
Accounts receivable - related party            $-$-     
Other receivable - related party, net   4,872    26,406         4,035 
Advance to suppliers – related party   -    -    21,387    - 
Prepayment - related party   66,845    -    -      

 

Balance Sheet            
Related Party Transactions  As of December 31, 2025   As of December 31, 2025   As of December 31, 2025   As of December 31, 2025 
Balance Sheet  ZKCam   Kami   Sean Da   Total 
Accounts receivable - related party  $433,888   $1,632,002   $-   $2,065,890 
Other receivable - related party, net   -    -    440,596    475,909 
Advance to suppliers – related party   -    -    -    21,387 
Prepayment - related party   -    -    -    66,845 

 

Specifically, transactions with each related party presented in the above tables are as follows:

 

Senslab HK Limited and Senslab Technology Co., Ltd

 

   Balance   % of Total
Assets		   Balance   % of Total
Assets		 
   June 30,   December 31, 
   2026   2025 
   Balance   % of Total
Assets		   Balance   % of Total
Assets		 
Advance to suppliers - related party (Senslab HK)  $21,387    0%  $21,387    0%
Advance to suppliers – related party (Senslab SH)   1,056,527    9%   -    -%
Other receivable - related party (Senslab SH)   42,083    0%   26,406    0%
Total  $1,119,997    10%  $47,793    0%

 

Ants Technology (HK) Limited

 

   Balance   % of Total
Asset		   Balance   % of Total
Asset		 
   June 30,   December 31, 
   2026   2025 
   Balance   % of Total
Asset		   Balance   % of Total
Asset		 
Prepayment - related party  $36,844    0%  $66,845    1%
Other receivable - related party   4,872    0%   4,872    0%
Total  $41,716    0%  $71,717    1%

 

   Balance   % of Total
Asset		   Balance   % of Total
Asset		 
   June 30,   December 31, 
   2026   2025 
   Balance   % of Total
liabilities		   Balance   % of Total
liabilities		 
Accounts Payable-related party  $1,795    0%  $-    -%
Total  $1,795    0%  $-    -%

 

 
   Balance  

% of Total

Asset

   Balance  

% of Total

Asset

 
   June 30,   December 31, 
   2026   2025 
   Balance  

% of Total

Asset

   Balance  

% of Total

Asset

 
Other receivable – related party   165,862    1%   440,596    4%
Total  $165,862    1%  $440,596    4%
  
   Balance  

% of Total

Assets

   Balance  

% of Total

Assets

 
   June 30,   December 31, 
   2026   2025 
   Balance  

% of Total

Assets

   Balance  

% of Total

Assets

 
Accounts receivable - related party  $505,775    5%  $433,888    4%
Total  $505,775    5%  $433,888    4%
  

Shanghai Xiaoyun Technology Co., Ltd.

 

   Balance  

% of Total

Assets

   Balance  

% of Total

Assets

 
   June 30,   December 31, 
   2026   2025 
   Balance  

% of Total

Assets

   Balance  

% of Total

Assets

 
Other receivable - related party  $4,143    0%  $4,035    0%
Accounts Receivable - related party  $517    0%  $-    -%
Total  $4,660    0%  $4,035    0%
  

Kunshan Yishijue Technology Limited

 

   Balance  

% of Total

Assets

   Balance  

% of Total

Assets

 
   June 30,   December 31, 
   2026   2025 
   Balance  

% of Total

Assets

   Balance  

% of Total

Assets

 
Accounts Receivable - related party  $667    0%  $-    -%
Total   667    0%  $-    -%

 

   Balance  

% of Total

Liabilities

   Balance  

% of Total

Liabilities

 
   June 30,   December 31, 
   2026   2025 
   Balance  

% of Total

Liabilities

   Balance  

% of Total

Liabilities

 
Other payable - related party  $1,787    0%  $-    -%
Total  $1,787    0%  $-    -%
 

During the years ended December 31, 2025 and 2024, related party transactions had the following impact on income (loss) before income tax:

 

       
Related Party Transactions  Impact on pre-tax income (loss) 
Income Statement  Years ended 
   December 31, 
   2025   2024 
Revenue share – related party (Kami)  $3,118,617   $2,754,788 
Product revenue - related party (Kami)   3,833    6,270 
Product revenue - related party (ZKCam)   511,922    - 
Product cost - related party (Senslab)   (2,223,113)   (6,002,463)
(Provision)/reversal for credit losses (Ants)   -    1,262,146 
General and administrative expenses - Consulting fee-related party (Kami)   (234,912)   (334,317)
General and administrative expenses - Stockholder’s business travel expense (Sean)   (91,655)   - 
General and administrative expenses - Financial consulting fee (Ants)   (60,000)   (60,000)
Other income - Marketing incentive subsidy income (Kami)   1,217,586    1,779,528 
Interest expense (Ants)   -    (18,999)
Total impact on pre-tax loss  $2,242,278   $(613,047)
% of pre-tax income (loss)   306%   80%

 

As of December 31, 2025 and 2024, balances with related parties were as follows.

 

Related Party Transactions          As of December 31, 2025   As of December 31, 2025 
Balance Sheet  Ants   Senslab SH   Senslab HK   Xiaoyun 
Accounts receivable - related party  $-    $-   $-      
Other receivable - related party, net   4,872    26,406         4,035 
Including:        -    -      
Other receivable - related party   4,872    26,406         4,035 
Advance to suppliers – related party   

         21,387    - 
Prepayment - related party   66,844    -    -      

 

Related Party Transactions  As of December 31, 2025   As of December 31, 2025   As of December 31, 2025   As of December 31, 2025 
Balance Sheet  

ZKCam

   Kami   Sean Da   Total 
Accounts receivable - related party   $433,888   $1,632,002   $-   $2,065,890 
Other receivable - related party, net    -    -    440,596    475,909 
Including:             -    - 
Other receivable - related party    -    -    440,596    475,909 
Advance to suppliers – related party    -              

21,387

 
Prepayment - related party    -    -    -    66,844 

 

                  
Related Party Transactions  As of December 31, 2024 
Balance Sheet  Ants   Senslab SH   Senslab HK   Kami  
Accounts receivable - related party  $-   $-   $-   $190,168  
Other receivable - related party, net   1,790,009    -    -    169,833  
Including:             -       
Other receivable - related party   1,790,009    -    -    169,833  
Note receivable - stockholder   -    -    -    -  
Prepayment - related party   126,965    -    -    -  
Accounts payable - related party   -    6,258,235    2,285,008    -  
Other payable - related party   -    -    -    -  

 

              
Related Party Transactions   As of December 31, 2024 
Balance Sheet   Sean Da   Yunyizhilian   Total 
Accounts receivable - related party   $-   $-   $190,168 
Other receivable - related party, net    -    -    1,959,842 
Including:              - 
Other receivable - related party    -    -    1,959,842 
Note receivable - stockholder    15,862    -    15,862 
Prepayment - related party    -    -    126,965 
Accounts payable - related party    -    -    8,543,243 
Other payable - related party    -    6,269    6,269 
  

Senslab HK Limited and Senslab Technology Co., Ltd

 

      % of Total Liability      % of Total Liability 
   December 31,   December 31, 
   2025   2024 
   Balance   % of Total Assets   Balance   % of Total Assets 
Advance to suppliers - related party (Senslab HK)  $21,387    1%  $     -        -%
Other receivable - related party (Senslab SH)   26,406    1%   -    -%
Total  $47,793    1%  $-    -%

 

      % of Total Liability      % of Total Liability 
   December 31,   December 31, 
   2025   2024 
   Balance   % of Total Liability   Balance   % of Total Liability 
Accounts payable - related party (Senslab HK)  $        -       -%  $2,285,008    24%
Accounts payable - related party (Senslab SH)   -    -%   6,258,235    65%
Total  $-    -%  $8,543,243    89%
  

Ants Technology (HK) Limited

 

      % of Total Asset      % of Total Asset 
   December 31,   December 31, 
   2025   2024 
   Balance   % of Total Asset   Balance   % of Total Asset 
Prepayment - related party  $66,844    1%  $126,965    2%
Other receivable - related party, net   4,872    0%   1,790,009    24%
Allowance for credit losses   -    

-

%   -    -%
Total  $71,716    1%  $1,916,974    26%

  
      % of Total Asset      % of Total Asset 
   December 31,   December 31, 
   2025   2024 
   Balance   % of Total Asset   Balance   % of Total Asset 
Accounts receivable - related party  $1,632,002    13%  $190,168    3%
Other receivable - related party, net   -    -%   169,833    2%
Total  $1,632,002    13%  $360,001    5%
 

 

      % of Total Asset      % of Total Asset 
   December 31,   December 31, 
   2025   2024 
   Balance   % of Total Asset   Balance   % of Total Asset 
Subscription receivable - stockholder  $-    0%  $-    0%
Note receivable – stockholder   -    0%   15,862    0%
Other receivable – related party   440,596    0%   -    0%
Total  $440,596    0%  $15,862    0%
  

Yunyizhilian Information Technology Co., Ltd

 

      % of Total Liability      % of Total Liability 
   December 31,   December 31, 
   2025   2024 
   Balance   % of Total Liability   Balance   % of Total Liability 
Other payable - related party  $-    0%  $6,269    0%
  

ZKCam Technology Limited

      % of Total Liability      % of Total Liability 
   December 31,   December 31, 
   2025   2024 
   Balance   % of Total Assets   Balance   % of Total Assets 
Accounts receivable - related party  $433,888    3%  $-    0%
  
SCHEDULE OF OTHER RECEIVABLE - RELATED PARTY

The following table presents the movement in other receivable – related party balances due from Ants:

 

   June 30,   December 31, 
   2026   2025 
         
Balance at the beginning of the period  $4,872   $1,790,009 
           
Repayment from Ants (1)   -    (1,790,009)
Inventory Transfer /(Procurement) (2)   -    4,872 
Balance at the end of the period  $4,872   $4,872 

 

  (1) Prior to April 2022, Ants collected payments from Amazon customers on behalf of the Company. Beginning in April 2022, the Company obtained direct access to the third-party cross-border payment platform and began receiving customer payments directly. Accordingly, amounts previously held by Ants were repaid to the Company.
     
  (2) Inventory-related movements reflect transfers and procurement arrangements between the Company and Ants. For the six months ended June 30, 2026 and the year ended December 31, 2025, such activities resulted in net increases of $nil and $4,872, respectively, to the related-party receivable balance.

The following table presents the movement of “other receivable – related party” balances due from Ants:

 

         
    Years ended  
    December 31,  
    2025     2024  
             
Balance at the beginning of the period   $ 1,790,009     $ 1,768,473  
Amazon Payments Ants Received (1)     -       (346,458 )
Repayment from Ants (1)     (1,790,009)       -  
Inventory Transfer /(Procurement) (2)     4,872       427,994  
Financial Consulting (3)       -     (60,000 )
Balance at the end of the period   $ 4,872     $ 1,790,009  

 

  (1) Prior to April 2022, Ants collected payments from Amazon customers on behalf of the Company. Beginning in April 2022, the Company obtained direct access to the third-party cross-border payment platform and began receiving customer payments directly. Accordingly, amounts previously held by Ants were repaid to the Company. During the years ended December 31, 2025 and 2024, Ants repaid $1,790,009 and $346,458, respectively.
     
  (2)

Inventory-related movements reflect transfers and procurement arrangements between the Company and Ants. During the years ended December 31, 2025 and 2024, such activities resulted in net increases of $4,872 and $427,994, respectively, to the related-party receivable balance. 

     
  (3) The Company engaged employees of Ants to provide bookkeeping and financial consulting services. Financial consulting fees totaled $60,000 for the year ended December 31, 2024 and were recorded as reductions of the related-party receivable balance.
SCHEDULE OF ANNUAL SUBSCRIPTIONS REVENUES

Effective July 1, 2025, the Company entered into an amended agreement with Kami to revise the revenue-sharing percentages applicable to subscription revenue generated from referred customers. The amended terms apply prospectively and do not affect revenue recognized prior to the modification date.

 

Annual subscription periods  Percentage basis 
  

Inception through

June 30, 2025

  

From July 1, 2025

Onwards

 
First year during which an end user starts the cloud service subscription from Kami   30%   30%
Second year during which an end user continues the cloud service   15%   30%
Third year and thereafter during which an end user continues the service subscription from Kami   0%   30%

On July 1, 2025, the Company entered into an amended agreement with Kami to revise the revenue-sharing percentages applicable to subscription revenues from referred customers. The amended terms apply prospectively and do not affect revenue recognized prior to the modification date.

 

 

Annual subscription periods   Percentage basis
   

Inception through

June 30, 2025

   From July 1, 2025 Onwards
First year during which an end user starts the cloud service subscription from Kami   30%   30%
Second year during which an end user continues the cloud service   15%   30%
Third year and thereafter during which an end user continues the service subscription from Kami   0%   30%
SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES  

The following table presents the movement of the allowance for credit losses:

 

 

       
   Years ended 
   December 31, 
   2025   2024 
         
Balance at beginning of the period  $-   $1,262,146 
Provision for credit loss   -    - 
Reversal of credit loss previously recorded   -    (1,262,146)
Balance at the end of the period  $-   $-