Other payables and accrued liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Payables and Accruals [Abstract]

Schedule of other payables and accrued liabilities

Other payables and accrued liabilities consist of the following:

		As of June 30, 2026				As of December 31, 2025
		US$				US$
Accrued expenses		$	492,118			$	482,921
Accrued payroll			272,768				374,303
Accrued interest ⁽¹⁾			1,758,591				1,456,779
Accrued taxes payable			19,729				55,357
Accrued professional fees			419,371				388,085
Secured borrowings – recourse factoring liabilities ⁽²⁾			102,613				103,506
Payables to third-party vendors or service providers for administrative activities			1,107,682				808,159
Reimbursement payables to employees			2,911				6,412
Refundable deposit			21,115				41,115
Total other payables and accrued liabilities		$	4,196,898			$	3,716,637

	(1)	Accrued interest primarily relates to short-term loans from third parties, for which interest expense has been recognized but remains unpaid as of the balance sheet date. Refer to Note 8 – Credit facilities for detail.

	(2)	During the six months ended June 30, 2026, the Company has factored its accounts receivable with recourse and accounted for the transaction as secured borrowings and recorded as recourse factoring liabilities. The factoring company advanced 80% of the verified invoice amount to the Company and retained 20% of the invoice amount as collateral until its customer fully repays the invoice amount. As of June 30, 2026 and December 31, 2025, the carrying amount of the Company’s pledged accounts receivable associated with these liabilities amounted to US$25,653 and US$25,877, respectively. For the six months ended June 30, 2026 and 2025, the Company has incurred US$14,963 and US$25,816, respectively, cost associated with the factoring arrangement and recorded as interest expenses in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss.