v3.25.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Schedule of Names of Related Parties and Relationship Names of related parties and relationship
Names of related parties   Relationship with the Company
Koh Sih-Ping (Note)   Other related party
Origin Rise Limited (Note)   Other related party
Asteria Corporation   Shareholder of the Company

 

Note: Origin Rise Limited, which was one of the major shareholders of the Company until the Company repurchased its shares on December 5, 2022, was controlled by its sole director, Koh Sih-Ping, who retired as the Director and Chief Executive Officer of the Group on September 9, 2022. Neither has been a related party to the Group since then.

Schedule of Interest Expense and Interest Payable

The Company’s interest expense and interest payable related to the loan from related parties are as follows:

 

   Year ended
December 31,
2024
   Year ended
December 31,
2023
   Year ended
December 31,
2022
 
Interest expense  $113,549   $253,469   $246,763 

 

   December 31,
2024
   December 31,
2023
 
Interest payable  $
       -
   $247,304 
Schedule of Key Management Compensation Key management compensation
   Year ended
December 31,
2024
   Year ended
December 31,
2023
   Year ended
December 31,
2022
 
Salaries and other short-term employee benefits  $2,088,394   $2,282,050   $1,218,826 
Post-employment benefits   40,875    3,283    815 
Share-based compensation expenses   201,908    762,014    
-
 
   $2,331,177   $3,047,347   $1,219,641