SHORT-TERM AND LONG-TERM BANK LOANS

6 Months Ended

Jun. 30, 2026

SHORT-TERM AND LONG-TERM BANK LOANS [Abstract]

SHORT-TERM AND LONG-TERM BANK LOANS

NOTE 11 –SHORT-TERM AND LONG-TERM BANK LOANS

								As of June 30, 2026				As of December 31, 2025
Bank and other financial institution	Annual Interest Rate			Start	Maturity	Principal		Current portion		Non- current portion		Current portion		Non- current portion
Zhejiang Changxing Rural Commercial Bank Co., Ltd. (1)		3.20	%	December 2025 to March 2026	December 2026, December 2027, December 2028 and February 2029		3,540,110		2,948		3,537,162		1,430		1,214,054
Industrial and Commercial Bank of China(2)		2.50	%	June to December 2025	June to December 2026		1,258,383		-		-		1,258,383		-
Total borrowings							4,798,493		2,948		3,537,162		1,259,813		1,214,054
Less: borrowings, held for discontinued operations							-		-		-		-		-
Borrowings, held for continuing operations						$	4,798,493		2,948		3,537,162	$	1,259,813		1,214,054

(1) From December 2025 to June 2026, the Company borrowed RMB24,020,000 (approximately $3,540,110) from Zhejiang Changxing Rural Commercial Bank Co., Ltd., with the interest of 3.20% per annum, due from December 2026 to February 2029.

(2) On May 13, 2025, the Company was granted bank facility of RMB10,000,000 (approximately $1,404,692) from Industrial and Commercial Bank of China, with the interest of 2.50%, with the period from May 13, 2025 to May 12, 2028. From June 2025 to December 2025, loan principle of $1,516,607 was borrowed from the bank and will be due in one year. As of June 30, 2026, the principal was fully repaid.