NOTE 9 – ACCRUED EXPENSE AND OTHER PAYABLES
As of March 31, 2026 and December 31, 2025, accrued
expenses and other payables consisted of unpaid professional fees as follows:
| | |
March 31,
2026 | | |
December 31,
2025 | |
| Professional fees and operating expenses(a) | |
$ | 144,837 | | |
$ | 329,846 | |
| Short term loans (b) | |
| 575,644 | | |
| 2,038,115 | |
| Payroll | |
| 32,966 | | |
| 25,706 | |
| Total | |
$ | 753,447 | | |
$ | 2,393,667 | |
| (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 stock, subject to mutual agreement between the parties. |
|