| PROPERTY, PLANT AND EQUIPMENT, NET |
NOTE
6 － PROPERTY, PLANT AND EQUIPMENT, NET
Property,
plant and equipment consisted of the following:
SCHEDULE OF PLANT AND EQUIPMENT
| | |
December
31, 2024 | | |
June
30, 2025 | |
| | |
As
of | |
| | |
December
31, 2024 | | |
June
30, 2025 | |
| At
cost: | |
| | | |
| | |
| Leasehold
improvements | |
$ | 1,024,258 | | |
$ | 1,199,036 | |
| Freehold
land and buildings | |
| 5,443,175 | | |
| 6,303,000 | |
| Office
equipment | |
| 207,862 | | |
| 227,098 | |
| Furniture
and fixtures | |
| 674,198 | | |
| 849,067 | |
| Motor
vehicles | |
| 74,473 | | |
| 81,202 | |
| Property
and equipment, gross | |
| 7,423,966 | | |
| 8,659,403 | |
| Less:
accumulated depreciation | |
| (3,689,809 | ) | |
| (4,159,815 | ) |
| Property,
plant and equipment, net | |
$ | 3,734,157 | | |
$ | 4,499,588 | |
Depreciation
expense for the six months ended June 30, 2024 and 2025 were $ 95,004 and $ 142,739, respectively.
|