Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2025 |
Dec. 31, 2024 |
| Accounting Policies [Abstract] |
|
|
| Schedule of Accounts Receivable |
Accounts
receivable consisted of the following as of the date indicated:
Schedule of Accounts Receivable
| | |
June
30, 2025 | | |
December
31, 2024 | |
| | |
| | |
| |
| Accounts
receivable | |
$ | 36,115 | | |
| 36,738 | |
| Less: allowance for
credit losses | |
| (361 | ) | |
| (367 | ) |
| Total accounts receivable,
net | |
$ | 35,754 | | |
| 36,371 | |
|
Accounts
receivable consisted of the following as of the date indicated:
Schedule of Accounts Receivable
| | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
| | |
| |
| Accounts receivable | |
$ | 36,738 | | |
| 47,530 | |
| Less: allowance for credit losses | |
| (367 | ) | |
| (532 | ) |
| Total accounts receivable, net | |
$ | 36,371 | | |
| 46,998 | |
|
| Schedule of Expected Credit Losses (Reversal) Provision |
Expected
credit losses (reversal) provision consisted for the following as of the dated indicated:
Schedule of Expected
Credit Losses (Reversal) Provision
| | |
June
30, 2025 | | |
December
31, 2024 | |
| | |
| | |
| |
| Balance
– January 1 | |
$ | 367 | | |
| 532 | |
| Balance
– January 1 | |
$ | 367 | | |
| 532 | |
| Expected credit losses reversal | |
| (6 | ) | |
| (165 | ) |
| Balance – June
30 | |
$ | 361 | | |
| 367 | |
| Balance – June
30 | |
$ | 361 | | |
| 367 | |
|
Expected credit losses (reversal) provision consisted for the following as of the dated indicated:
Schedule of Expected
Credit Losses (Reversal) Provision
| | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
| | |
| |
| Balance – January 1 | |
$ | 532 | | |
| 2,914 | |
| Balance, beginning | |
$ | 532 | | |
| 2,914 | |
| Expected credit losses (reversal) provision | |
| (165 | ) | |
| (2,382 | ) |
| Balance – December 31 | |
$ | 367 | | |
| 532 | |
| Balance, ending | |
$ | 367 | | |
| 532 | |
|
| Schedule of Plant, Property and Equipment Estimated Lives Under Straight - line Method |
Schedule of Plant, Property and Equipment Estimated Lives Under Straight - line Method
| Computer and office equipment | |
| 5
- 10 years | |
| Decoration and renovation | |
| 5
- 10 years | |
|
Schedule of Plant, Property and Equipment Estimated Lives Under Straight - line Method
| Computer
and office equipment |
5
- 10 years |
| Decoration
and renovation |
5
- 10 years |
|
| Schedule of Unrecognized Tax Benefits |
A
reconciliation of unrecognized tax benefits excluding interest and penalties (“Gross UTB”) for the six months ended June
30, 2025 and 2024, is as follows:
Schedule of Unrecognized Tax Benefits
| | |
| 2025 | | |
| 2024 | |
| | |
| Gross
UTB | |
| | |
| 2025 | | |
| 2024 | |
| Balance – January 1 | |
| - | | |
| - | |
| Foreign exchange adjustment | |
| - | | |
| - | |
| Balance –
June 30 | |
$ | - | | |
$ | - | |
|
A
reconciliation of unrecognized tax benefits excluding interest and penalties (“Gross UTB”) for the year ended December 31,
2024 and 2023, is as follows:
Schedule of Unrecognized Tax Benefits
| | |
Gross UTB | |
| | |
2024 | | |
2023 | |
| Balance – January 1 | |
| | | |
| | |
| Foreign exchange adjustment | |
| | | |
| | |
| Balance – December 31 | |
$ | - | | |
$ | - | |
|
| Schedule of Reconciliations of Basic and Diluted Loss Per Share |
The
following table presents a reconciliation of basic and diluted loss per share for the six and three months ended June 30, 2025
and 2024:
Schedule of Reconciliations of Basic and Diluted Loss Per Share
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Six
Months Ended June 30, | | |
Three
Months Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
| | |
| | |
| | |
| |
| Net loss | |
$ | (628,778 | ) | |
$ | (2,026,245 | ) | |
| (289,907 | ) | |
| (563,489 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Weighted average shares outstanding –
Basic and Diluted * | |
| 11,766,186 | | |
| 2,387,653 | | |
| 13,729,976 | | |
| 2,538,792 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss per share of common stock | |
| | | |
| | | |
| | | |
| | |
| Basic and Diluted | |
$ | (0.05 | ) | |
$ | (0.85 | ) | |
| (0.02 | ) | |
| (0.22 | ) |
| * |
Including
1,500 and 0 shares that were granted and vested but not yet issued for the six and three months ended June 30, 2025 and 2024, respectively. |
|
The
following table presents a reconciliation of basic and diluted loss per share for the years ended December 31, 2024 and 2023:
Schedule of Reconciliations of Basic and Diluted Loss Per Share
| | |
2024 | | |
2023 | |
| | |
| | |
| |
| Net loss | |
$ | (5,561,705 | ) | |
$ | (7,723,257 | ) |
| | |
| | | |
| | |
| Weighted average shares outstanding – Basic and Diluted * | |
| 3,765,727 | | |
| 1,556,555 | |
| | |
| | | |
| | |
| Net loss per share of common stock | |
| | | |
| | |
| Basic and Diluted | |
$ | (1.48 | ) | |
$ | (4.96 | ) |
| * |
Including
1,500 and 0 shares that were granted and vested but not yet issued for the years ended December 31, 2024 and 2023, respectively. |
|
| Schedule of Concentration Credit Risk |
The
following table sets forth information as to the Company’s customers that accounted for 10% or more of the Company’s sales
and accounts receivable for the six and three months ended June 30, 2025 and 2024.
Schedule of Concentration Credit Risk
| Six
Months Ended June 30, 2025 | | |
Three
Months Ended June 30, 2025 | | |
As
of June 30, 2025 | |
| Customer | | |
Percentage
of Total
Sales | | |
Customer | | |
Percentage
of
Total
Sales | | |
Percentage
of
accounts receivable | |
| A | | |
-- | % | |
| A | | |
| -- | % | |
| - | % |
| B | | |
- | % | |
| B | | |
| - | % | |
| - | % |
| C | | |
- | % | |
| C | | |
| 10 | % | |
| - | % |
| Six
Months Ended June 30, 2024 | | |
Three
Months Ended June 30, 2024 | | |
As
of June 30, 2024 | |
| Customer | | |
Percentage
of Total
Sales | | |
Customer | | |
Percentage
of Total
Sales | | |
Percentage
of
accounts receivable | |
| A | | |
2 | % | |
| A | | |
| 2 | % | |
| 19 | % |
| B | | |
- | % | |
| B | | |
| - | % | |
| 30 | % |
| C | | |
- | % | |
| C | | |
| - | % | |
| - | % |
The
following table sets forth information as to the Company’s suppliers that accounted for 10% or more of the Company’s total
purchases, accounts payable and advance to suppliers for the six and three months ended June 30, 2025 and 2024.
| Six
Months Ended June 30, 2025 | | |
Three
Months Ended June 30, 2025 | | |
As
of
June
30, 2025 | | |
As
of
June
30, 2025 | |
| Supplier | |
Percentage
of Total
Purchases | | |
Supplier | | |
Percentage
of Total
Purchases | | |
Balance
of
Accounts
Payable | | |
Balance of
Advance to
Supplier | |
| A | |
| 14 | % | |
| A | | |
| 12 | % | |
$ | - | | |
| - | |
| B | |
| - | % | |
| B | | |
| - | % | |
| - | | |
| - | |
| C | |
| - | % | |
| C | | |
| - | % | |
| - | | |
| - | |
| D | |
| 10 | % | |
| D | | |
| 17 | % | |
$ | 14,970 | | |
| - | |
| Six
Months Ended June 30, 2024 | | |
Three
Months Ended June 30, 2024 | | |
As
of June 30,
2024 | | |
As
of June 30,
2024 | |
| Supplier | |
Percentage
of Total
Purchases | | |
Supplier | | |
Percentage
of Total
Purchases | | |
Balance
of
Accounts Payable | | |
Balance of
Advance to
Supplier | |
| A | |
| 12 | % | |
| A | | |
| 20 | % | |
$ | 26,402 | | |
| - | |
| B | |
| 6 | % | |
| B | | |
| 5 | % | |
| - | | |
| - | |
| C | |
| 7 | % | |
| C | | |
| 8 | % | |
| - | | |
| - | |
| D | |
| - | % | |
| D | | |
| - | % | |
| - | | |
| - | |
|
The
following table sets forth information as to the Company’s customers that accounted for 10% or more of the Company’s sales
and accounts receivable for the years ended December 31, 2024 and 2023.
Schedule of Concentration Credit Risk
| Year Ended December 31, 2024 | |
As
of December 31, 2024 | |
| Customer | |
Percentage of Total Sales | | |
Percentage of accounts receivable | |
| A | |
| 2 | % | |
| 41 | % |
| B | |
| 0 | % | |
| 27 | % |
| C | |
| 0 | % | |
| 0 | % |
| D | |
| 0 | % | |
| 0 | % |
| Year Ended December 31, 2023 | |
As of December 31, 2023 | |
| Customer | |
Percentage of total Sales | | |
Percentage of accounts receivable | |
| A | |
| 2 | % | |
| 17 | % |
| B | |
| 0 | % | |
| 0 | % |
| C | |
| 1 | % | |
| 20 | % |
| D | |
| 18 | % | |
| 0 | % |
The
following table sets forth information as to the Company’s suppliers that accounted for 10% or more of the Company’s total
purchases, accounts payable and advance to suppliers for the years ended December 31, 2024 and 2023.
| Year Ended December 31, 2024 | |
As of December 31, 2024 | | |
As of December 31, 2024 | |
| Supplier | |
Percentage of Total Purchase | | |
Supplier | | |
Balance of Accounts Payable | | |
Balance of Advance to Supplier | |
| A | |
| 16 | % | |
| A | | |
| 192,363 | | |
| - | |
| B | |
| 7 | % | |
| B | | |
| 128,141 | | |
| - | |
| Year Ended December 31, 2023 | |
As of December 31, 2023 | | |
As of December 31, 2023 | |
| Supplier | |
Percentage of Total Purchase | | |
Suppler | | |
Balance of Accounts Payable | | |
Balance of Advance to Supplier | |
| A | |
| 15 | % | |
| A | | |
| 75,842 | | |
| - | |
| B | |
| 21 | % | |
| B | | |
| 190,810 | | |
| - | |
|
| Schedule of Exchange Rates |
Translation
of amounts from RM into U.S. dollars has been made at the following exchange rates:
Schedule of Exchange Rates
| Balance sheet items, except for equity accounts | |
|
| June 30,
2025 | |
RM 4.21 to 1 |
| December 31, 2024 | |
RM 4.47 to 1 |
| | |
|
| Income Statement and cash flow items | |
|
| For the six months ended
June 30, 2025 | |
RM 4.38 to 1 |
| For the six months ended
June 30, 2024 | |
RM 4.73 to 1 |
|
Translation
of amounts from RM into U.S. dollars has been made at the following exchange rates:
Schedule of Exchange Rates
| Balance sheet items, except for equity accounts | |
|
|
| December 31, 2024 | |
|
RM 4.47 to 1 |
| December 31, 2023 | |
|
RM 4.59 to 1 |
| | |
|
|
| Income Statement and cash flow items | |
|
|
| For the year ended December 31, 2024 | |
|
RM 4.57 to 1 |
| For the year ended December 31, 2023 | |
|
RM 4.56 to 1 |
|