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ADVANCE TO SUPPLIERS | 9 Months Ended
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Sep. 30, 2025
Advance To Suppliers |
ADVANCE TO SUPPLIERS | NOTE 5 — ADVANCE TO SUPPLIERS Advance to suppliers consisted of the following: SCHEDULE OF ADVANCE TO SUPPLIERS
|  | September 30, 2025 |  |  | December 31, 2024 |
Advance to suppliers |  | $ | 341,778 |  |  | $ | 871,856 |
Less: impairment loss allowance due to irrecoverable prepayment |  |  | - |  |  |  | (772,780 | )
Advance to suppliers, net |  | $ | 341,778 |  |  | $ | 99,076 |
An impairment loss allowance of advances to suppliers of nil, nil, $29,883 and $772,780 impairment loss allowance of advances to suppliers was recorded during the three and nine months ended September 30, 2025 and 2024. In June 2024, the Company reached a tentative agreement regarding general settlement terms with one supplier who would make payment of approximately $312,500 to resolve the claim. Therefore, the Company wrote off $772,780 advance to the suppliers, reducing it from $1,085,280 to $312,500. The settlement agreement was finalized in August 2024, and related payment was received in October 2024.

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