Related Party Transactions |
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Dec. 31, 2025 |
Jul. 31, 2025 |
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| Related Party Transactions | 4. Related party transactions
The Company’s related party, TTNP, an affiliate company, made several payments as formation and accrued offering costs on behalf of the Company. The payments were non-trade in nature, unsecurities, non-interest bearing and repayable on demand. The amount due to TTNP amounted to US$3,947 and US$147,120 as of July 31, 2024 and 2025.
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| Titan Pharmaceuticals Inc [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions |
In August 2023, we received $500,000 in funding in exchange for the issuance of the Hau Promissory Note. In March 2024, the Hau Promissory Note, along with accrued interest of approximately $4,511, was converted into shares of our common stock (see Note 6. Stockholders’ Equity).
During the years ended December 31, 2025 and 2024, we made payments related to legal and consulting fees of approximately $9,000 and $13,000, respectively, to a law firm operated by one of our Board members.
As of December 31, 2025, we had a receivable balance of approximately $3,217,000 from Black Titan, our parent company. This includes advances of approximately $3,155,000 made during the year ended December 31, 2025 and a balance of $62,000 outstanding as of December 31, 2024. This receivable is non-interest-bearing and repayable on demand.
As of December 31, 2025, we had a payable balance of approximately $2,466,000 due to TalenTec. This payable is non-interest-bearing and repayable on demand. |
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| TALENTEC SDN. BHD. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions |
The following is a list of related parties, with which the Group has transactions:
Transactions with related parties
Significant transactions with related parties were as follows:
Balances with related parties
Amounts due to related parties were as follow:
Guarantee provided by related parties
HO SAY SAN and CHOO YEOW provided guarantee for the Group’s bank borrowings (Refer to Note 7).
TALENTEC SDN. BHD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JULY 31, 2024 AND 2025 (In U.S. dollars, except for share data, or otherwise noted) |
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