v3.25.2
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

8. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consist of the following:

 

  

June 30,

2025

  

December 31,

2024

 
   As of 
  

June 30,

2025

  

December 31,

2024

 
         
Computer and office equipment  $96,655   $91,480 
Furniture & fixtures   122,856    115,635 
Motor vehicle   22,234    21,043 
Leasehold improvements   200,125    189,411 
Subtotal   441,870    417,569 
Less: accumulated depreciation   (424,882)   (386,106)
Total  $16,988   $31,463 

 

Depreciation expense for the three months ended June 30, 2025 and 2024 amounted to $3,907 and $12,725, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024 amounted to $16,476 and $25,328, respectively.