PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2026

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

In April 2023, the Company purchased a motor vehicle for approximately $143,231 (RMB1,012,301). A motor vehicle is recorded at cost less accumulated depreciation. Gains or losses on disposals are reflected as gain or loss in the period of disposal. All ordinary repair and maintenance costs are expensed as incurred.

Depreciation of a motor vehicle is computed using the straight-line method over the estimated useful lives of 5 years. Depreciation expense recorded for this motor vehicle for the three and six months ended June 30, 2026 and 2025 was $7,068, $6,649, $14,015 and $13,260, respectively.

As of June 30, 2026 net book value of a motor vehicle was $59,429.