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PREPAYMENT AND OTHER CURRENT ASSETS, NET (Tables)
 12 Months Ended
Dec. 31, 2025
PREPAYMENT AND OTHER CURRENT ASSETS, NET [Abstract]  
Prepayment and Other Current Assets
Prepayment and other current assets, net consisted of the following:

   
December 31, 2025
    
December 31, 2024
  
             
Advance to suppliers
  
$
9,034,026
    
$
13,435,558
  
Deductible input value added tax
    
6,303,559
      
5,284,726
  
Loans to a third party(1)
    
1,353,975
      
-
  
Others
    
1,050,703
      
1,087,315
  
Less: provision for credit losses
    
(1,514,639
)
    
(696,698
)
Prepayment and other current assets, net
    
16,227,624
      
19,110,901
  
Less: prepayment and other current assets, net, held for discontinued operations
    
(1,214,361
)
    
(1,035,486
)
Prepayment and other current assets, net, held for continuing operations
  
$
15,013,263
    
$
18,075,415
  

(1)
Loans to a third party mainly represent amounts due from Cenntro Electric CICS, S.R.L. that were reclassified as loans to a third party following the loss of control of Cenntro Electric CICS, S.R.L. in April 2025. Upon deconsolidation, the outstanding receivable balances were no longer eliminated in consolidation and were therefore presented as loans to a third party. These loans are unsecured, non-interest bearing and repayable on demand. The Company assesses the collectability of such balances and records an allowance for expected credit losses in accordance with ASC 326.
Changes in the Provision for Credit Losses
The changes in the provision for credit losses were as follows:

   
For the Years Ended December 31,
  
   
2025
    
2024
  
             
Balance at the beginning of the year
  
$
696,698
    
$
752,191
  
Additions
    
1,296,867
      
-
  
Write-off (1)
    
(500,511
)
    
(35,448
)
Foreign exchange
    
21,585
      
(20,045
)
Balance at the end of the year
    
1,514,639
      
696,698
  
Less: balance of held for discontinued operations
    
(1,514,639
)
    
(696,698
)
Balance of held for continuing operations
  
$
-
    
$
-
  

(1)
The write-off for the year ended December 31, 2025 mainly related to (i) write-off of previously provided doubtful accounts in Cenntro Machinery, which was deregistered during the year, and (ii) Wuhu Bodge Automobile Co., Ltd., which was also deregistered, leading to the write-off of outstanding receivable balances.