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OTHER CURRENT ASSETS
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
OTHER CURRENT ASSETS

7. OTHER CURRENT ASSETS

 

The other current assets as of June 30, 2025 and December 31, 2024 consist of the following:

  

   June 30,   December 31, 
   2025   2024 
Staff advance  $61,241    55,512 
Deposit   22,010    - 
VAT recoverable   -    - 
Loan to the third party   963,773    943,376 
Others   2,780    2,749 
Subtotal   1,049,804    1,001,637 
Less: bad debt   (2,268)   - 
Total of other current assets  $1,047,536    1,001,637 

 

   June 30,   December 31, 
   2025   2024 
Balance as of the beginning of period/year  $-    126,875 
Additions charged to bad debt expense   2,268    - 
Effect of disposal subsidiaries   -    (126,875)
Balance as of the end of period/year  $2,268    - 

 

On August 10,2025, the amount of $967,337 loan to the third party has been fully recovered.

 

 

MEIWU TECHNOLOGY COMPANY LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

7. OTHER CURRENT ASSETS

 

The other current assets as of December 31, 2024 and 2023 consist of the following:

 

   December 31,   December 31, 
   2024   2023 
Staff advance  $55,512    436,145 
Deposit   -    88,650 
VAT recoverable   -    2,780 
Loan to the third party     943,376       -  
Others   2,749    64,780 
Subtotal   1,001,637    592,355 
Less: allowance for credit losses   -    (126,875)
Total of other current assets  $1,001,637    465,480 

 

 

   December 31,   December 31, 
   2024   2023 
Balance as of the beginning of year  $126,875    - 
Additions charged to bad debt expense   -    116,402 
Effect of disposal subsidiaries     (126,875 )     -  
Translation adjustments   -    10,473 
Balance as of the end of year  $-    126,875