v3.25.1
Leasing Arrangements – Lessee (Tables)
12 Months Ended
Dec. 31, 2024
Leasing Arrangements – Lessee [Abstract]  
Schedule of Right-of-Use Assets and the Amortization Charge

The carrying amount of right-of-use assets and the amortization charge are as follows: 

    Carrying amount    
    December 31,
2024
    December 31,
2023
   
Buildings (Office and warehouse)   $ 505,345     $ 47,992    
Transportation equipment (Business vehicles)    
-
      5,044    
    $ 505,345     $ 53,036    

 

    Depreciation charge  
    Year ended
December 31,
2024
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Buildings (Office and warehouse)   $ 161,794     $ 9,314     $ 12,774  
Transportation equipment (Business vehicles)     4,712       6,623       27,640  
    $ 166,506     $ 15,937     $ 40,414  
Schedule of Information on Profit and Loss Accounts Relating to Lease Contracts The information on profit and loss accounts relating to lease contracts is as follows:
   Year ended
December 31,
2024
   Year ended
December 31,
2023
   Year ended
December 31,
2022
 
Items affecting profit or loss            
Interest expense on lease liabilities  $19,501   $346   $1,219 
Expense on short-term lease contracts   270,579    171,999    13,602 
Expense on leases of low-value assets   5,324    6,661    19,227 
Loss on lease modification   
-
    
-
    48,448