Lease (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2025 |
Dec. 31, 2024 |
| Lease |
|
|
| Schedule of Lease Cost |
Operating
lease expense for the six and three months ended June 30, 2025 and 2024 was as follows:
Schedule
of Lease Cost
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Six
Months Ended June 30, | | |
Three
Months Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating lease cost – straight line | |
$ | 375,157 | | |
$ | 366,327 | | |
| 192,719 | | |
| 183,138 | |
|
Operating
lease expense for the years ended December 31, 2024 and 2023 was as follows:
Schedule of Lease Cost
| | |
2024 | | |
2023 | |
| | |
| | |
| |
| Operating lease cost – straight line | |
$ | 802,044 | | |
$ | 831,262 | |
|
| Schedule of Operating Lease Liability Maturity |
The
following is a schedule, by years, of maturities of operating lease liabilities as of June 30:
Schedule of Operating Lease Liability Maturity
| | |
Operating
Leases | |
| 2025 | |
$ | 379,690 | |
| 2026 | |
| 653,567 | |
| 2027 | |
| 54,747 | |
| 2028 | |
| 45,623 | |
| Year 4 | |
| | |
| Thereafter | |
| - | |
| Total undiscounted cash
flows | |
| 1,133,627 | |
| Less: imputed interest | |
| (30,223 | ) |
| Present value of lease
liabilities | |
| 1,103,404 | |
|
The
following is a schedule, by years, of maturities of operating lease liabilities as of December 31,2024:
Schedule of Operating Lease Liability Maturity
| | |
Operating Leases | |
| Remainder of fiscal year | |
$ | - | |
| 2025 | |
$ | 788,186 | |
| Year I | |
$ | 788,186 | |
| 2026 | |
| 672,549 | |
| Year II | |
| 672,549 | |
| 2027 | |
| 71,881 | |
| Year III | |
| 71,881 | |
| 2028 | |
| 42,958 | |
| Year IV | |
| 42,958 | |
| Thereafter | |
| 1,575,574 | |
| Total undiscounted cash flows | |
| 1,575,574 | |
| Less: imputed interest | |
| (55,645 | ) |
| Present value of lease liabilities | |
| 1,519,929 | |
|
| Schedule of Lease Term and Discount Rate |
Schedule of Lease Term and Discount Rate
| | |
June
30, 2025 | |
| Weighted-average remaining lease term –
years | |
| | |
| Operating
leases – USA | |
| 1.34 | |
| Operating leases –
Malaysia | |
| 3.30 | |
| | |
| | |
| Weighted-average discount rate (%) | |
| | |
| Operating leases –
USA | |
| 3.36 | |
| Operating leases –
Malaysia | |
| 2.78 | |
|
Schedule of Lease Term and Discount Rate
| | |
December 31, 2024 | |
| Weighted-average remaining lease term – years | |
| | |
| Operating leases – USA | |
| 1.87 | |
| Operating leases – Malaysia | |
| 3.79 | |
| | |
| | |
| Weighted-average discount rate (%) | |
| | |
| Operating leases – USA | |
| 3.49 | |
| Operating leases – Malaysia | |
| 2.78 | |
|
| Schedule of Supplemental Cash Flow Information Related to Leases |
Supplemental
cash flow information related to leases where the Company was the lessee for the six months ended June 30, 2025 and 2024 was as follows:
Schedule of Supplemental Cash Flow Information Related to Leases
| | |
2025 | | |
2024 | |
| | |
| | | |
| | |
| Operating cash outflows
from operating leases | |
$ | 375,157 | | |
$ | 366,052 | |
|
Supplemental
cash flow information related to leases where the Company was the lessee for the year ended December 31, 2024 and 2023 was as follows:
Schedule of Supplemental Cash Flow Information Related to Leases
| | |
2024 | | |
2023 | |
| | |
| | |
| |
| Operating cash outflows from operating leases | |
$ | 810,960 | | |
$ | 814,230 | |
|
| Schedule of Finance Lease Expenses |
Finance
lease expense for the six and three months ended June 30, 2025 and 2024 was as follows:
Schedule
of Finance Lease Expenses
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Six Months Ended June 30, | | |
Three Months Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
| | | |
| | | |
| | | |
| | |
| Finance lease cost – straight line | |
$ | 22,503 | | |
$ | 22,503 | | |
| 11,251 | | |
| 11,251 | |
|
|
| Schedule of Finance Lease Liabilities |
The
following is a schedule, by years, of maturities of finance lease liabilities as of June 30:
Schedule
of Finance Lease Liabilities
| | |
Operating Leases | |
| 2025 | |
$ | 12,991 | |
| 2026 | |
| 22,180 | |
| 2027 | |
| 20,332 | |
| Thereafter | |
| - | |
| Total undiscounted cash flows | |
| 55,503 | |
| Less: imputed interest | |
| (3,277 | ) |
| Present value of lease liabilities | |
| 52,226 | |
|
|
| Schedule of Supplemental Finance Cash Flow Information Related to Leases |
Supplemental
cash flow information related to leases where the Company was the lessee for the six months ended June 30, 2025 and 2024 was as follows:
Schedule
of Supplemental Finance Cash Flow Information Related to Leases
| | |
2025 | | |
2024 | |
| | |
| | | |
| | |
| Operating cash outflows from finance leases | |
$ | 22,503 | | |
$ | 22,503 | |
|
|