NOTE 7 – ADVANCES TO SUPPLIERS | | | As of
June 30, | | | As of
December 31, | | | | | 2026 | | | 2025 | | | | | (Unaudited) | | | | | | Advances for materials and services (1) | | | 5,198,478 | | | | 37,871 | | | Others | | | 5,634 | | | | 10,480 | | | Total other assets, non-current | | $ | 5,204,112 | | | $ | 48,351 | | | (1) | On February 1, 2026, the Company entered into an agreement with a third party for research and development services in connection with a new project and made advance payments of $4,849,603. As of June 30, 2026, the project was still in progress and had not yet been completed or accepted by the Company. The project is expected to be completed and accepted within the next six months. |
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