| RELATED PARTY TRANSACTIONS |
| 11. | RELATED PARTY TRANSACTIONS |
The following is a list of related parties which
the Group has transactions with:
| No. | | Name of Related Parties | | Relationship with the Group | | a | | Soon Huat Lim | | Founder, Chairman of Board of Directors, Chief Executive Officer | | b | | Poh Kiong Tan | | Chief Technology Officer and Director | | c | | Trident Consultancy Pte. Ltd. | | 100% equity interests owned by Soon Huat Lim | | d | | Trident Foodtech Pte. Ltd. | | 100% equity interests owned by Soon Huat Lim | | e | | Apollo Entertainment Media Pte. Ltd. | | 30% equity interests owned by Soon Huat Lim | | f | | Cong Ty Tnhh Trident Digital Tech | | 100% equity interests owned by Poh Kiong Tan |
Amounts due to related parties
Amounts due to related parties consisted of the
following for the periods indicated:
| | |
As of
June 30, | | |
As of
December 31, | |
| | |
2025 | | |
2024 | |
| Cong Ty Tnhh Trident Digital Tech (1) | |
$ | 44,909 | | |
$ | - | |
| | |
$ | 44,909 | | |
$ | - | |
Amounts due to related parties, non-current
Amounts due to related parties consisted of the
following for the periods indicated:
| | |
As of June 30, | | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| Soon Huat Lim (2) | |
| 5,695,401 | | |
| 1,213,612 | |
| Poh Kiong Tan (3) | |
| 126,893 | | |
| 90,495 | |
| Cong Ty Tnhh Trident Digital Tech (1) | |
$ | - | | |
$ | 41,118 | |
| | |
$ | 5,822,294 | | |
$ | 1,345,225 | |
| (1) | The balance represented service payable to this related party, and the maturity date was June 30, 2026. |
| (2) | The balance represented loan from this related party for the Group’s daily operation at nil interest rate and a maturity date
of December 31, 2026. |
| (3) | The balance represented loan from this related party for the Group’s daily operation at nil interest, and expense paid on behalf
of the Group, with a maturity date of December 31, 2026. |
Related parties transactions
| | |
For the six months ended
June 30, | |
| | |
2025 | | |
2024 | |
| Nature: | |
| | |
| |
| Poh Kiong Tan | |
| | |
| |
| Loan from related parties | |
$ | 22,663 | | |
$ | 44,527 | |
| Repayment of loan from related party | |
| 6,043 | | |
| 29,685 | |
| | |
| | | |
| | |
| Soon Huat Lim | |
| | | |
| | |
| Loan from related party | |
$ | 4,215,265 | | |
$ | 1,417,450 | |
| Repayment of loan from related party | |
| 4,559 | | |
| 44,527 | |
| Settlement of loan to related party | |
| - | | |
| 244,770 | |
| Settlement of expenses paid on behalf of the Group | |
| - | | |
| 16,089 | |
| | |
| | | |
| | |
| Apollo Entertainment Media Pte. Ltd. | |
| | | |
| | |
| Consumption of tickets and hot chocolate | |
$ | - | | |
$ | 2,846 | |
| | |
| | | |
| | |
| Trident Foodtech Pte. Ltd. | |
| | | |
| | |
| Rental expense paid to related party | |
$ | - | | |
$ | 22,264 | |
| | |
| | | |
| | |
| Cong Ty Tnhh Trident Digital Tech | |
| | | |
| | |
| Research and development services provided to the Company | |
$ | 200,055 | | |
$ | | |
| Maintenance services provided to the Company | |
| 66,012 | | |
| - | |
|