v3.26.3
Other Payables and Other Current Liabilities
 6 Months Ended
Jun. 30, 2026
Other Payables and Other Current Liabilities [Abstract]  
OTHER PAYABLES AND OTHER CURRENT LIABILITIES

NOTE 11 - OTHER PAYABLES AND OTHER CURRENT LIABILITIES

 

Other payables and other current liabilities consisted of the following: 

    As of
June 30,		     As of
December 31,		  
    2026     2025  
    (Unaudited)        
Other taxes payable(1)   $ 861,805     $ 754,260  
Payroll payable     981,142       897,079  
Loans from third parties(2)     210,000       310,497  
Accrued expenses     74,769       190,264  
Total other liabilities   $ 2,127,716     $ 2,152,100  

 

(1) Other taxes payable primarily represent personal income tax liabilities arising from the distribution of share-based compensation, amounting to $770,078 and $746,205 as of June 30, 2026 and December 31, 2025, respectively.

 

(2) On May 27, 2025, the Company borrowed a loan from a third party amounted to $100,000 with a maturity date as at November 26, 2025. The interest rate of the loan was 1% per month. The Company repaid the loan in January 2026.

 

On February 25, 2025, the Company borrowed an interest-free loan from a third party amounted to $90,000 with an original maturity date as at February 24, 2026. This maturity date has been extended to February 24, 2027. On November 5, 2025, the Company borrowed an interest-free loan from a third party amounted to $120,000 with a maturity date as at November 4, 2026. The loan is interest-free and the effect of discounting the principal amount using an imputed interest rate is immaterial to the financial statements.