Prepaid
expenses and other current assets consisted of the following:
SCHEDULE OF PREPAID EXPENSES
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
As of | |
| | |
June 30, 2026 | | |
December 31, 2025 | |
| Prepayment to vendors | |
$ | 2,437,313 | | |
$ | 2,588,734 | |
| VAT input tax | |
| 486,247 | | |
| 511,027 | |
| Rent deposit | |
| 149,356 | | |
| 107,952 | |
| Prepaid service fees | |
| 174,136 | | |
| 95,680 | |
| Advances to non-director/officer employees | |
| 11,051 | | |
| 58,633 | |
| Others | |
| 23,759 | | |
| 4,856 | |
| Prepaid expenses and other current assets | |
$ | 3,281,862 | | |
$ | 3,366,882 | |
|