| SCHEDULE OF OTHER CURRENT PAYABLE |
Other
current payables consisted of the following:
SCHEDULE
OF OTHER CURRENT PAYABLE
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
As of | |
| | |
June 30, 2026 | | |
December 31, 2025 | |
| Employee compensation payable | |
$ | 131,335 | | |
$ | 202,407 | |
| Interest payable | |
| 6,413 | | |
| 4,961 | |
| Other unit payments payable(1) | |
| 568,774 | | |
| 3,151,509 | |
| Others | |
| 12,001 | | |
| 1,896 | |
| Total other current payables | |
$ | 718,523 | | |
$ | 3,360,773 | |
| (1) |
Other unit payments payable
primarily consist of loans due to Wuxi Jinbang, Beijing Lobo and Xia Xing. |
| |
|
| |
Beijing
Lobo was formerly a subsidiary of the Company and was disposed of on April 21, 2025. As of June 30, 2026 and December 31, 2025, the outstanding
balance of interest-free intercompany fund borrowings prior to disposal amounted to $568,774 and $2,307,686.
Xia
Xing was formerly the legal representative and shareholder of Wuxi Jinbang, which was disposed of on December 30, 2024. As of June
30, 2026 and December 31, 2025, the outstanding balance of interest-free intercompany fund borrowings prior to disposal amounted
to $nil and $843,825. |
|