The Company’s contracted expenditures
commitments as of June 30, 2025 but not provided in the interim condensed consolidated financial statements are as follows:
| | |
| |
Payments Due by Period | |
| | |
| |
| | |
Less than | | |
1-2 | | |
3-5 | |
| Contractual Obligations | |
Nature | |
Total | | |
1 year | | |
years | | |
years | |
| Service fee commitments | |
(a) | |
$ | 91,562 | | |
$ | 91,562 | | |
$ | - | | |
$ | - | |
| Operating lease commitments | |
(b) | |
| 217,539 | | |
| 155,970 | | |
| 41,824 | | |
| 19,745 | |
| | |
| |
$ | 309,101 | | |
$ | 247,532 | | |
$ | 41,824 | | |
$ | 19,745 | |
| (a) | The Company has engaged Stander Information Company Limited (“Stander”) to provide technical services relating to the cash management systems and Cauley International (Thailand) Co., Ltd. (“Cauley”) to provide maintenance service relating to counting machines for the Company’s Secure Logistics business. The service agreements with Stander and Cauley are comprised of a monthly fixed service fee and certain other fees as specified in the agreements, which will expire in August 2025 and December 2025, respectively. |
| (b) | From time to time, the Company entered into various short-term lease
agreements to rent warehouses and offices. In addition, the Company has various low value items with various lease terms that the Company
is committed to pay in the future. |
|