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Short-Term Loan Payables
 12 Months Ended
Dec. 31, 2024
Short-Term Loan Payables [Abstract]  
SHORT-TERM LOAN PAYABLES

NOTE 9 — SHORT-TERM LOAN PAYABLES

 

The following table summarizes information with regard to short-term loan payables outstanding as of December 31, 2024 and December 31, 2023.

 

   Interest Rate   December 31,
2024		   December 31,
2023		 
Jaeman Lee, July 1, 2024 through December 23, 2024   4.60%  $255,286   $
—
 
Hangmuk Shin, July 1, 2024 through December 23, 2024   4.60%   94,321    
—
 
Mijung Oh, September 30, 2024   0%   5,436    
—
 
Changhyuk Kang, April 1, 2024   0%   15,000    
—
 
Total short-term loan payables       $370,043   $
—
 

 

The Company recognized interest expense of $5,962 and $0 for the years ended December 31, 2024 and 2023, respectively. 

 

As of December 31, 2024, the balance of short-term borrowings includes amounts borrowed in Korean Won, which have been converted into U.S. dollars using the exchange rate as of December 31, 2024 (e.g., 1 USD = 1,470.00 KRW). This may result in differences due to fluctuations in the exchange rate.