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OTHER PAYABLES AND ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]  
OTHER PAYABLES AND ACCRUED EXPENSES

17. OTHER PAYABLES AND ACCRUED EXPENSES

 

As of December 31, 2024 and 2023, other payables and accrued expenses consist of:

   December 31, 2024   December 31, 2023 
Advances from unrelated third-parties (i)   $1,190,422   $621,146 
Other taxes payable (ii)    2,499,528    4,133,972 
Accrued professional fees   255,000    230,000 
Amount due to employees(iii)    257,354    158,396 
Others   90,353    80,711 
Other Payables and Accrued Expenses  $4,292,657   $5,224,225 

 

(i) The advances from unrelated parties are non-interest bearing and due on demand.
   
(ii) The other taxes payable were the amounts due to the value added tax, business tax, city maintenance and construction tax, and individual income tax.
   
(iii) The amounts due to employees were pertaining to employees’ out-of-pocket expenses for travel and meal allowance, etc.

 

 

TAOPING INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS