Notes Receivable

12 Months Ended

Dec. 31, 2025

Notes Receivable [Abstract]

Notes Receivable

4. Notes Receivable

Notes receivable consisted of the following at December 31:

	2025			2024
Notes receivable	$	5,754,652		$	-
Less: allowance for expected credit loss		(1,073,897	)		-
Notes receivable, net	$	4,680,755		$	-
Less: non-current portion		(3,577,717	)		-
Current portion	$	1,103,038		$	-

The movement of the allowance for expected credit loss were as follows:

	2025		2024
Balance at the beginning of the year	$	-	$	-
Provision for expected credit loss		1,073,897		-
Balance at the end of the year	$	1,073,897	$	-

On October 1, 2025, the Company entered into an agreement with a customer to restructure an accounts receivable of $5,971,609 into a 4-year, 7% note receivable, due to the customer’s financial needs for its future development. This modification resulted in reclassification of the accounts receivable into notes receivable.