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RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

 

NOTE 17 RELATED PARTY TRANSACTIONS

 

Except as set forth below, during the three and six months ended June 30, 2025 and 2024, the Company did not enter into any material transactions or series of transactions that would be considered material in which any officer, director or beneficial owner of 5% or more of any class of the Company’s capital stock, or any immediate family member of any of the preceding persons, had a direct or indirect material interest.

  

During the three and six months ended June 30, 2025, the Company recognized rental expenses of $6,569 and $17,121, respectively (2024: $Nil), payable to AY Consulting Services Company Limited.

 

AY Consulting Services Company Limited is a related party, as the Company’s Chief Financial Officer also serves as a director and shareholder of the entity.

 

In addition to the transactions and balances detailed elsewhere in these financial statements, the Company had the following transactions with the related company: 

                    
   Three months ended June 30,   Six months ended June 30,   Three months ended June 30,   Six months ended June 30, 
   2025   2025   2024   2024 
Project and design management service fees paid to Zenith (PMS) Limited  $134,615   $269,230   $–   $– 
Subcontracting construction service fees paid to Zenith (PMS) Limited  $130,188   $130,188   $–   $– 
Product development fees paid to Leidenford Ltd.  $11,538   $23,076   $–   $–