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Other Receivables and Current Assets Net
3 Months Ended
Mar. 31, 2024
Other Receivables and Current Assets Net  
Other Receivables and Current Assets, Net

8. Other Receivables and Current Assets, Net

 

Other receivables and current assets, net consisted of the following at March 31, 2024 and December 31, 2023:

 

 

 

March 31, 2024

 

 

December 31, 2023

 

 

 

(Unaudited)

 

 

 

 

Receivable from Seller (Uonone Group – Note 15)

 

$427,631

 

 

$436,698

 

Deferred project costs

 

 

1,383,040

 

 

 

1,603,355

 

Prepaid expenses and other current assets

 

 

1,183,574

 

 

 

852,534

 

Advances to suppliers

 

 

1,169,950

 

 

 

1,300,009

 

Accrued interest on customer loans receivable

 

 

603,478

 

 

 

522,837

 

Capitalized offering costs

 

 

-

 

 

 

658,564

 

Total other receivables and current assets

 

$4,767,673

 

 

$5,373,997

 

 

Deferred project costs consist of work in process and subcontractor costs incurred on the solar energy systems and LED projects that are not fully completed at March 31, 2024 and December 31, 2023.