| SCHEDULE OF LONG TERM LOANS |
As of September 30, 2025 and December 31, 2024, the Company’s long-term loans from banks and other financial institution consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indebtedness |
|
Weighted
Average
Interest
Rate* |
|
|
Weighted
Average
Years to
Maturity* |
|
|
September 30,
2025 |
|
|
December 31,
2024 |
|
Guaranteed loans |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed rate loan |
|
|
0.00 |
% |
|
|
0.01 |
|
|
$ |
70,240 |
|
|
$ |
90,274 |
|
Variable rate loans |
|
|
0.39 |
% |
|
|
0.70 |
|
|
|
6,826,192 |
|
|
|
6,473,490 |
|
Subtotal |
|
|
0.39 |
% |
|
|
0.71 |
|
|
|
6,896,432 |
|
|
|
6,563,764 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unsecured loan |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed rate loan |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
35,742 |
|
Variable rate loans |
|
|
0.54 |
% |
|
|
3.21 |
|
|
|
14,226,362 |
|
|
|
— |
|
Subtotal |
|
|
0.54 |
% |
|
|
3.21 |
|
|
|
14,226,362 |
|
|
|
35,742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term loans |
|
|
0.93 |
% |
|
|
3.92 |
|
|
|
21,122,794 |
|
|
|
6,599,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: current portion |
|
|
|
|
|
|
|
|
(3,044,470 |
) |
|
|
(96,824 |
) |
Non-current portion |
|
|
|
|
|
|
|
$ |
18,078,324 |
|
|
$ |
6,502,682 |
|
* Pertained to information for loans outstanding as of September 30, 2025.
|
| SCHEDULE OF OUTSTANDING LOANS |
The guarantee information of the Company’s outstanding loans as of September 30, 2025 and December 31, 2024 consists of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2025 |
|
|
December 31,
2024 |
|
Co-guaranteed by CEO of subsidiaries within the Company’s organizational structure and Tokyo Credit Guarantee Association |
|
$ |
143,189 |
|
|
$ |
185,766 |
|
Guaranteed by a subsidiary within the Company’s organizational structure |
|
$ |
6,753,243 |
|
|
$ |
6,377,998 |
|
|
| SCHEDULE OF MATURITIES OF LONG TERM DEBT |
As of September 30, 2025, future minimum payments for long-term loans are as follows:
|
|
|
|
|
Years ending December 31, |
|
Principal
Repayment |
|
Remaining of 2025 |
|
$ |
757,633 |
|
2026 |
|
|
3,041,796 |
|
2027 |
|
|
9,788,975 |
|
2028 |
|
|
2,974,209 |
|
2029 |
|
|
2,974,209 |
|
Thereafter |
|
|
1,585,972 |
|
Total |
|
$ |
21,122,794 |
|
|