v3.25.2
PROPERTY PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
PROPERTY PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

7. PROPERTY, PLANT AND EQUIPMENT

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(Unaudited)

 

 

 

Operating fixed assets

 

$15,937,567

 

 

$16,872,986

 

Capital work-in-progress

 

 

62,130

 

 

 

63,300

 

 

 

$15,999,697

 

 

$16,936,286

 

Operating fixed assets

 

 

 

 

 

 

 

 

Building on freehold land

 

$343,189

 

 

$349,650

 

Freehold land

 

 

185,181

 

 

 

188,668

 

Leasehold improvements

 

 

687,350

 

 

 

700,291

 

Plant and equipment

 

 

29,162,948

 

 

 

29,685,166

 

Office equipment

 

 

383,532

 

 

 

388,745

 

Vehicles

 

 

107,979

 

 

 

110,012

 

Computers

 

 

655,894

 

 

 

663,283

 

Furniture and fixtures

 

 

139,799

 

 

 

140,822

 

Laboratory and other equipment

 

 

75,623

 

 

 

77,046

 

 

 

 

31,741,495

 

 

 

32,303,683

 

Less: Accumulated depreciation

 

 

(15,803,928)

 

 

(15,430,697)

 

 

$15,937,567

 

 

$16,872,986

 

 

Useful life of operating fixed assets ranges between 5 years to over 33 years. Details of all major additions and disposals have been provided in the following paragraphs and tables. Moreover, depreciation on operating assets has been allocated to depreciation and amortization on the face of the statement of operations.

 

Additions for the six months ended June 30, 2025, amounted to $35,906 and for the six-months ended June 30, 2024, amounted to $88,094. Disposals for the six months ended June 30, 2025, amounted to $(1,140), and for the six months ended June 30, 2024 nil.