v3.26.1
Borrowings (Tables)
12 Months Ended
Dec. 31, 2025
Borrowings [Abstract]  
Schedule of Short-Term Borrowings

Short-term borrowings

 

Annual
Interest Rate

 

Maturity

 

As of December 31,

2024

 

2025

Short-term borrowing:

         

 

   

 

 

The Bank of East Asia, Limited

 

4.56%

 

May, 2026

 

$

 

$

878,844

The Bank of East Asia, Limited

 

4.39%

 

June, 2026

 

 

 

 

2,020,031

The Bank of East Asia, Limited

 

2.89%

 

June, 2026

 

 

 

 

559,494

Total short-term borrowing

         

$

 

$

3,458,369

Schedule of Long-Term Borrowings

Long-term borrowings

 

Annual
Interest Rate

 

Maturity

 

As of December 31,

2024

 

2025

Long-term

 

Long-term
(current
portion)

 

Long-term

 

Long-term
(current
portion)

Long-term borrowings:

   

 

     

 

   

 

   

 

   

 

 

Japan Finance Corporation(i)

 

0.36

%/1.26%

 

March,
2026

 

$

17,792

 

$

53,377

 

$

 

$

17,748

Sumitomo Mitsui Banking Corporation(ii)

 

1 – Month
TIBOR

*+1.34%

 

December,
2026

 

 

 

 

250,969

 

 

 

 

Sumitomo Mitsui Banking Corporation(iii)

 

1.2

%

 

June, 2026

 

 

 

 

200,356

 

 

 

 

Total long-term borrowings

   

 

     

$

17,792

 

$

504,702

 

$

 

$

17,748

*        TIBOR is an acronym for Tokyo Interbank Offered Rate, which is the daily reference rate derived from interest rates that banks charge to lend funds to other banks in the Japanese interbank market.

(i)     On May 31, 2021, the Group entered into a loan agreement to borrow funds of JPY40,000,000 (US$255,102) with Japan Finance Corporation during the period from May 31, 2021 to March 31, 2026. The annual interest rate of the loan is 0.36% from May 31, 2021 to May 31, 2024 and 1.26% from June 1, 2024 to March 31, 2026. The Group repays JPY700,000 (US$4,464) every month after June 30, 2021, until the loan maturity date.

(ii)    On December 17, 2021, the Group entered into a loan agreement to borrow funds of JPY94,900,000 (US$605,230) with Sumitomo Mitsui Banking Corporation during the period from December 17, 2021 to December 17, 2026. The Group repays JPY1,583,000 (US$10,096) every month after January 31, 2022, until the loan maturity date. The bank borrowing was collateralized by a pledge of a building owned by Cloud Japan. As the building of Cloud Japan was sold in March 2025, the remaining outstanding loan balance was fully repaid on March 31, 2025 accordingly.

(iii)   On June 18, 2021, the Group entered into a loan agreement to borrow funds of JPY100,000,000 (US$637,755) with Sumitomo Mitsui Banking Corporation during the period from June 18, 2021 to June 18, 2026. The Group repays JPY1,670,000 (US$10,651) every month after July 31, 2021, until the loan maturity date. The bank borrowing was guaranteed by Tokyo Credit Guarantee Corporation, an unaffiliated guarantee service provider. The Group has repaid the remaining outstanding loan balance on March 31, 2025.