v3.25.1
Equity Method Investment
 3 Months Ended
Mar. 31, 2025
Equity Method Investment [Abstract]  
Equity method investment
(12)Equity method investment

 

Details of investment under the equity method are as follows:

 

         March 31, 2025   December 31, 2024 
   Location  Main business  Ownership   Book value   Ownership   Book value 
Taction Co., LTD  Korea  Software development   33.3%  $
-
    33.3%  $
-
 

 

The summarized financial information of investment under the equity method as of the closing date and for the current period is as follows:

 

   As of and for the year ended December 31, 2024 
                   Comprehensive 
   Assets   Liabilities   Revenue   Net loss   loss 
Taction Co., LTD  $97,936   $32,785   $
-
   ₩-74,740   $-74,740 

 

There is no equity method valuation applied on investments in associate for the three-months ended March 31, 2025 or 2024.

 

Taction Co., Ltd. was incorporated to engage in software development and IT consulting. As no practical plan to generate revenue and maintain going-concern basis in the foreseeable future was provided, the Parent recognized impairment loss amounting to acquisition cost.