Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 19

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
411,941 

              Other taxes payable

             493,893 

             624,404 

              Employee payroll and welfare payables

             682,171 

             271,147 

              Credit card payable

             162,642 

             111,703 

              Accrued interest for convertible promissory note

             106,786 

             270,690 

              Others

             251,533 

             379,600 

              Total accrued expenses and other current liabilities

             5,799,494 

             4,457,276 

              Less: accrued expenses and other current liabilities, held for discontinued operations

             (577,577 
            
              )

             (809,773 
            
              )

              Accrued expenses and other current liabilities, held for continuing operations

              $
            
             5,221,917 

              $
            
             3,647,503 

        (1)  This mainly represented the loan from Aqua Pyro Limited, JCE Partners LLC, Bsquare Realty, Inc., Hongbo Jin, Gregory Hancke Hurzzeitdarlehen, Meiya Xu, Suleiman International, Commas International Holding, LLC and Barclays West Corporation. From April 30, 2024 to August 4, 2025 the Company entered into agreements with Aqua Pyro Limited, JCE Partners LLC, Bsquare Realty, Inc., Hongbo Jin and Suleiman International to borrow interest-free loans of $258,832, $200,000, $100,000, $110,000 and $300,000, which were due on April 30, 2026, March 9, 2026, March 31, 2026, March 27, 2026 and April 9, 2026, respectively. On March 5, 2025, the Company entered an agreement with Gregory Hancke Hurzzeitdarlehen to borrow EUR99,000 (approximately $116,177), with interest rate of 7.50% per annum and due on December 31, 2025, for which principal of EUR15,000 (approximately $17,603) was repaid as of September 30, 2025. On January 23, 2025, the Company entered an agreement with Meiya Xu to borrow RMB400,000 (approximately $56,188), with the interest rate of 3.45% and due on January 23, 202