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PREPAYMENTS AND DEPOSITS, NET
6 Months Ended
Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAYMENTS AND DEPOSITS, NET

NOTE 4 – PREPAYMENTS AND DEPOSITS, NET

 

Prepayments and deposits consisted of the following:

 

   June 30,
2025
  December 31, 2024
Prepayments and deposits  $10,398,651   $8,025,110 
Provision for impairment   (1,655,327)   (1,648,454)
Prepayments and deposits, net   $8,743,324   $6,376,656 

 

As of June 30, 2025, the total amount of advance payments and deposits recorded by the company, net of impairment provisions was $8,743,324.