NOTE 9 – ACCRUED EXPENSE AND OTHER PAYABLES
As of December 31, 2025 and 2024, accrued expense
and other payables consisted of unpaid professional fee as follow:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Professional fees and operating expenses(a) | |
$ | 329,846 | | |
$ | 460,985 | |
| Short term loans (b) | |
| 2,038,115 | | |
| 760,352 | |
| Payroll | |
| 25,706 | | |
| - | |
| Total | |
$ | 2,393,667 | | |
$ | 1,221,337 | |
| (a): | The professional fees consisted of outstanding legal fees related to shareholder litigation, consulting fees, listing compliance fees payable to professional firms, and operating expenses. | | | | | (b): | The Company borrowed funds from former executives and a third party to cover daily operational expenses. The payable is unsecured, interest-free, and is expected to be repaid either in cash or through the issuance of the Company’s common stocks, subject to mutual agreement between the parties. |
|