v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
HCYC Group Company Limited [Member]      
Restructuring Cost and Reserve [Line Items]      
Schedule of Accounts Receivable  

The following table sets forth the aging analysis of accounts receivable:

 

   March 31, 2025   March 31, 2024 
         
Up to three months   573,068    72,346 
Less: Allowance for current expected credit losses   -    - 
Total accounts receivable, net   573,068    72,346 
  
Schedule of Property, Plant and Equipment Useful Lives  

Property, plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment is provided using the straight-line method over their expected useful lives, as follows:

 

    Useful life 
Office Equipment   5 years 
Fixtures & Furniture   5 years 
Computers   3 years 
  
Schedule of Disaggregation of Revenues  

The Company disaggregates its revenue by types of commission and fee earned, as the Company believes it best depicts how the nature, amount, timing and uncertainty of the revenue and cash flows are affected by economic factors. The summary of the Company’s total revenues by commission type for the years ended March 31, 2025 and 2024 was as follows:

 

         
   For years ended March 31, 
   2025   2024 
         
Revenue - first year commission  $5,181,879   $10,358,016 
Revenue - renewal commission   691,145    521,976 
Other activities   5,528    7,838 
Total revenue  $5,878,552   $10,887,830 
  
Schedule of Currency Exchange Rates  

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements:

 

    March 31, 2025    March 31, 2024 
Period-end spot rate   US$1=HKD7.7799    US$1=HKD7.8259 
Average rate   US$1=HKD7.7930    US$1=HKD7.8246 
  
Alpha Time Acquisition Corp [Member]      
Restructuring Cost and Reserve [Line Items]      
Schedule of Net Income (Loss) Per Share

The net income (loss) per share presented in the statements of operations is based on the following:

  

   Three Months
ended
June 30, 2025		   Three Months
ended
June 30, 2024		   Six months
ended
June 30, 2025		   Six months
ended
June 30, 2024		 
                 
Net income  $(127,315)  $385,370   $(9,346)  $827,635 
Income earned on Trust Account   (162,689)   (675,837)   (464,060)   (1,463,005)
Accretion of carrying value to redemption value   (50,000)   (165,000)   (104,979)   (330,000)
Net loss including accretion of equity into redemption value  $(340,004)  $(455,467)  $(578,385)  $(965,370)
  

The net income (loss) per share presented in the statements of operations is based on the following:

  

 

   For the year ended December 31, 2024   For the year ended December 31, 2023 
         
Net income  $1,498,591   $1,941,118 
Income earned on Trust Account   (2,782,552)   (3,130,199)
Accretion of carrying value to redemption value   (550,000)   (8,427,382)
Net loss including accretion of equity into redemption value  $(1,833,961)  $(9,616,463)
Schedule of Income (Loss) Basic and Diluted Per Share

                         
  

Three months ended

June 30, 2025

  

Six months ended

June 30, 2025

  

Three months ended

June 30, 2024

  

Six months ended

June 30, 2024

 
   Redeemable   Non-
Redeemable		   Redeemable   Non-
Redeemable		   Redeemable   Non-
Redeemable		   Redeemable   Non- Redeemable 
Particulars  Shares   Shares   Shares   Shares   Shares   Shares   Shares   Shares 
Basic and diluted net income (loss) per share:                                        
Numerators:                                        
Allocation of net loss including accretion of temporary equity   (130,854)   (209,150)   (222,597)   (355,788)   (314,044)   (141,423)   (667,168)   (298,202)
Income earned on trust account   162,689    

-

    464,060    

-

    675,837    -    1,463,005    - 
Accretion of temporary equity to redemption value   50,000    -    104,979    -    165,000    -    330,000    - 
Allocation of net income (loss)   81,835    (209,150)   346,442    (355,788)   526,793    (141,423)   1,125,837    (298,202)
                                         
Denominators:                                        
Weighted-average shares outstanding   1,335,250    2,134,200    1,335,250    2,134,200    4,739,226    2,134,200    4,774,843    2,134,200 
Basic and diluted net income (loss) per share   0.06    (0.10)   0.26    (0.17)   0.11    (0.07)   0.24    (0.14)
  

                 
  

For the year ended

December 31, 2024

  

For the year ended

December 31, 2023

 
   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
Particulars  Shares   Shares   Shares   Shares 
Basic and diluted net income/(loss) per share:                    
Numerators:                    
Allocation of net loss including accretion of temporary equity   (1,265,212)   (568,749)   (7,330,400)   (2,286,063)
Income earned on Trust Account   2,782,552    —    3,130,199    — 
Accretion of temporary equity to redemption value   550,000    —    8,427,382    — 
Allocation of net income/(loss)   2,067,340    (568,749)   4,227,181    (2,286,063)
                     
Denominators:                    
Weighted-average shares outstanding   4,747,637    2,134,200    6,830,959    2,130,307 
Basic and diluted net income/(loss) per share   0.44    (0.27)   0.62    (1.07)
Schedule of Subject to Possible Redemption

At June 30, 2025, the ordinary shares reflected in the balance sheets are reconciled in the following table:

   

Ordinary shares subject to possible redemption - December 31, 2024  $15,240,284 
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit   356,350 
Ordinary shares subject to possible redemption - March 31, 2025  $15,596,634 
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit   212,689 
Ordinary shares subject to possible redemption - June 30, 2025  $15,809,323 
  

At December 31, 2024, the ordinary shares reflected in the balance sheets are reconciled in the following table:

   

Gross proceeds  $69,000,000 
Less:     
Proceeds allocated to Public Rights   (621,000)
Proceeds allocated to Public Warrants   (1,104,000)
Allocation of offering costs related to redeemable shares   (4,770,382)
Accretion of carrying value to redemption value   7,737,382 
Redemption of public shares   (62,154,467)
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit   3,820,199 
Ordinary shares subject to possible redemption - December 31, 2023  $74,062,199 
Redemption of public shares   (62,154,467)
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit   3,332,552 
Ordinary shares subject to possible redemption – December 31, 2024  $15,240,284