ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

6 Months Ended

Jun. 30, 2026

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 10 – ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities were summarized as follows:

	June 30, 2026		December 31, 2025
	(Unaudited)
Accrued litigation compensation	$	1,590,483	$	1,784,127
Loan from third parties (1)		6,337,199		2,358,478
Rent payable - early termination of leases		-		1,359,804
Accrued expenses		34,515		548,384
Other taxes payable		502,087		590,976
Employee payroll and welfare payables		1,578,435		1,627,702
Credit card payable		201,577		167,682
Accrued interest for convertible promissory note		221,054		44,080
Others		158,062		446,305
Total accrued expenses and other current liabilities		10,623,412		8,927,538
Less: accrued expenses and other current liabilities, held for discontinued operations		-		(579,443	)
Accrued expenses and other current liabilities, held for continuing operations	$	10,623,412	$	8,348,095

(1) This mainly represented the loans from third parties.

The loans details were as follows:

Borrower	Loan principal	Agreement date	Due date	Interest rate
Aqua Pyro Limited	258,832	April 30, 2024	April 29, 2027	Interest-free
JCE Partners LLC	200,000	February 10, 2025	March 9, 2027	8.00%
Bsquare Realty, Inc.	100,000	March 31, 2025	March 30, 2027	Interest-free
Hongbo Jin	110,000	March 28, 2025	March 27, 2027	Interest-free
Meiya Xu	58,953	January 23, 2025	December 31, 2026	3.45%
Suleiman International	300,000	April 9, 2025	April 9, 2027	Interest-free
Commas International Holding, LLC	250,000	June 20, 2025	June 18, 2026	5.00%
Barclays West Corporation	290,000	August 4, 2025	August 3, 2026	6.00%
Barclays West Corporation	115,000	November 21, 2025	November 20, 2026	6.00%
Barclays West Corporation	35,000	February 23, 2026	August 22, 2026	10.00%
Barclays West Corporation	200,000	March 2, 2026	September 1, 2026	10.00%
Barclays West Corporation	400,000	March 4, 2026	September 3, 2026	10.00%
Barclays West Corporation	380,000	March 10, 2026	September 9, 2026	10.00%
Barclays West Corporation	400,000	March 20, 2026	September 19, 2026	10.00%
Barclays West Corporation	70,000	March 25, 2026	September 24, 2026	10.00%
Barclays West Corporation	200,000	April 6, 2026	October 5, 2026	10.00%
Barclays West Corporation	70,000	April 8, 2026	October 7, 2026	10.00%
Barclays West Corporation	380,000	April 30, 2026	October 29, 2026	10.00%
Barclays West Corporation	300,000	May 14, 2026	November 13, 2026	10.00%
Barclays West Corporation	20,000	May 18, 2026	November 17, 2026	10.00%
Barclays West Corporation	10,000	May 18, 2026	November 17, 2026	10.00%
Barclays West Corporation	100,000	May 26, 2026	November 25, 2026	10.00%
Barclays West Corporation	170,000	June 16, 2026	December 15, 2026	10.00%
Barclays West Corporation	50,000	June 26, 2026	December 25, 2026	10.00%
Barclays West Corporation	250,000	June 26, 2026	December 25, 2026	10.00%
Domat (Hong Kong) Holdings Limited	350,000	December 23, 2025	December 23, 2026	Interest-free
Melton Corporation Limited	192,000	November 6, 2025	November 5, 2026	8.00%
HK Huace Business Limited	1,000,000	June 23, 2026	December 22, 2026	8.00%