Other
payables consist of the following:
SCHEDULE
OF OTHER PAYABLES
| | |
September
30, 2026 | | |
December
31, 2025 | |
| | |
US$ | | |
US$ | |
| Warrant Repurchase Liability (i) | |
| 2,000,000 | | |
| — | |
| Others | |
| 97,974 | | |
| 189,000 | |
| Total other payables | |
$ | 2,097,974 | | |
$ | 189,000 | |
| (i) |
During the nine months ended September 30, 2026, the Company
entered into a Warrant Repurchase Cancellation and Release Agreement pursuant to which the Company agreed to repurchase certain outstanding
warrants for an aggregate consideration of $2,000,000. As the agreement became effective and the Company incurred a contractual obligation
to make the repurchase payment, the Company recognized a warrant repurchase liability of $2,000,000 as of September 30, 2026. |
|