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OTHER PAYABLES AND ACCRUED LIABILITIES
 9 Months Ended
Sep. 30, 2025
Other Liabilities Disclosure [Abstract]  
OTHER PAYABLES AND ACCRUED LIABILITIES

13. OTHER PAYABLES AND ACCRUED LIABILITIES

 

       
   As of 
   September 30, 2025   December 31, 2024 
         
Professional fees  $137,641   $363,762 
Promotion expenses   34,105    32,171 
Payroll   21,497    4,685 
Amounts held in eWallets   182,074    173,995 
Tax penalty   75,000    75,000 
Others   149,786    62,823 
Total  $600,103   $712,436 

 

The Company requires all members and distributors of its network marketing business to maintain an electronic wallet (eWallet) account with the Company. The eWallet is primarily for the crediting of any commission payment that falls below RM100 (or $22.20) and for members or distributors without bank account. Commission payment exceeding the RM100 threshold shall only be credited into the member’s or distributor’s bank upon request. The eWallet functionality allows the members to place new product orders utilizing eWallet available balance and/or request commission payout via multiple payment methods provided that each of the withdrawal amount exceeds RM100. Amounts held in eWallets are reflected on the balance sheet as a current liability.

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)