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Related Party Balances and Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Balances and Transactions [Abstract]  
Related Party Balances and Transactions

Note 8 – Related Party Balances and Transactions

 

Other payables – related parties:

 

Name of related party  Relationship  Nature  December 31,
2025		   December 31,
2024		 
               
Xiaojian Wang  Chief Executive Officer  Accrued compensations  $100,000   $50,000 
Xiaojian Wang  Chief Executive Officer  Interest-free loans to the Company*   
-
    349,485 
Xiaojian Wang  Chief Executive Officer  Invoices paid on behalf of the Company   2,150    50,000 
Zihao Zhao  Chief Finance Officer  Accrued compensations   60,833    50,833 
Zihao Zhao  Chief Finance Officer  Reimbursement   2,033    1,948 
Total        $165,016   $502,266 

 

*From September 2024 to March 2025, Mr. Xiaojian Wang, the Chief Executive Officer of the Company (“CEO”), lent $399,485 to the Company through six loan agreements, for working capital purposes. Pursuant to the loan agreements, these loans are non-interest bearing and are due from September 2025 to January 2026, respectively. From March 2025 to May 2025, the Company repaid $399,485 in full to the CEO.

 

Related Party Transaction

 

As disclosed in Note 1, the Company purchased 100% equity interest of Pallas from the Sellers, on September 29, 2025. Two shareholders of the Company, who beneficially own 12.86%, in the aggregate, of the outstanding shares of common stock of the Company, immediately before the execution of the Transaction, also serve as the directors and share voting and dispositive power over the shares issued by the Target. Accordingly, the Pallas Transaction constitutes a related party transaction for the Company pursuant to Item 404 of Regulation S-K.

 

As of December 31, 2025 and 2024, the balance of other payables - related parties were $165,016 and $502,266, respectively, mainly consisted of accrued compensation of the Company’s officers, interest - free loans received from the Company’s officers and operating related fees paid by the Company’s officer on behalf of the Company. As of December 31, 2025, the interest-free loans received from the Company’s officers were fully repaid.

 

For the years ended December 31, 2025 and 2024, the Company recorded compensation expenses to its officers amounted to $127,036 and $80,000, respectively, for their services provided to the Company.