ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2025

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 12 – ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities were summarized as follows:

	December 31, 2025			December 31, 2024
Accrued litigation compensation	$	1,784,127		$	1,761,275
Loan from third parties (1)		2,358,478			626,516
Rent payable - early termination of leases		1,359,804			-
Accrued expenses		548,384			411,941
Other taxes payable		590,976			624,404
Employee payroll and welfare payables		1,627,702			271,147
Credit card payable		167,682			111,703
Accrued interest for convertible promissory note		44,080			270,690
Others		446,305			379,600
Total accrued expenses and other current liabilities		8,927,538			4,457,276
Less: accrued expenses and other current liabilities, held for discontinued operations		(579,443	)		(809,773	)
Accrued expenses and other current liabilities, held for continuing operations	$	8,348,095		$	3,647,503

(1) This mainly represented the loans from Aqua Pyro Limited, JCE Partners LLC, Bsquare Realty, Inc., Hongbo Jin, Gregory Hancke Hurzzeitdarlehen, Meiya Xu, Suleiman International, Commas International Holding, LLC, Barclays West Corporation, Domat (Hong Kong) Holdings Limited and Melton Corporation Limited. From April 30, 2024 to December 22, 2025 the Company entered into agreements with Aqua Pyro Limited, JCE Partners LLC, Bsquare Realty, Inc., Hongbo Jin, Suleiman International and Domat (Hong Kong) Holdings Limited to borrow interest-free loans of $258,832, $200,000, $100,000, $110,000, $300,000 and $350,000, which were due on April 29, 2026, March 9, 2027, March 31, 2026, March 27, 2026, April 9, 2026 and December 23, 2026, respectively. On March 5, 2025, the Company entered an agreement with Gregory Hancke Hurzzeitdarlehen to borrow EUR99,000 (approximately $116,186), with interest rate of 7.50% per annum and due on December 31, 2026, for which principal of EUR25,000 (approximately $29,340) was repaid as of December 31, 2025. On January 23, 2025, the Company entered an agreement with Meiya Xu to borrow RMB400,000 (approximately $57,199), with the interest rate of 3.45% and due on December 31, 2026. On June 20, 2025, the Company entered an agreement with Commas International Holding, LLC to borrow $250,000, with the interest rate of 5.00% and due on June 18, 2026. On August 4, 2025 and November 21, 2025, the Company entered an agreement with Barclays West Corporation to borrow $405,000, with the interest rate of 6.00% and due on August 4, 2026 and November 24, 2026. On November 6, 2025, the Company entered an agreement with Melton Corporation Limited to borrow $192,000, with the interest rate of 8.00% and due on November 6, 2026.