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Accrued Expenses and Other Current Liabilities
 6 Months Ended
Jun. 30, 2025
Accrued Expenses and Other Current Liabilities [Abstract]  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 17 – ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

      As of
June 30,
2025		   As of
December 31,
2024		 
            
Payroll and social security payable      $1,628,438   $1,307,716 
Other tax payable       925,500    1,565,140 
Advanced capital contributions   (1)   6,979,731    - 
Other payable       541,915    181,668 
Staff payable       129,994    126,906 
Others       103,220    209,727 
Total      $10,308,798   $3,391,157 

 

(1) On December 31, 2024, the shareholders of Sunrise Guizhou entered into a capital increase agreement with Jieshou Xinyang Equity Investment Fund Partnership Enterprise (Limited Partnership) (“Xinyang Partnership”), pursuant to which, Xinyang Partnership agreed to subscribe for 10% of the shares of Sunrise Guizhou for a total consideration of RMB200,000,000. The payment is to be made in four installments, contingent upon the fulfillment of certain conditions precedent for the capital increase, as determined by Xinyang Partnership. On January 17, 2025, Sunrise Guizhou received the first installment of the subscription proceeds of RMB50,000,000, approximately $6,979,731. As of June 30, 2025, the conditions precedent had not been met and therefore the advanced capital contributions  were classified as liabilities.