| Schedule of Trade and Other Receivables |
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
USD | | |
USD | |
| Trade receivables | |
| | |
| |
| Trade receivables (refer note a below) | |
| 5,843,587 | | |
| 4,701,900 | |
| Less: Allowances for expected credit losses | |
| (1,026,591 | ) | |
| (968,322 | ) |
| Trade receivables, net | |
| 4,816,996 | | |
| 3,733,578 | |
| | |
| | | |
| | |
| Ageing analysis of trade receivables | |
| | | |
| | |
| Not past due | |
| 2,644,699 | | |
| 2,176,512 | |
| Up to 60 days | |
| 1,237,287 | | |
| 814,010 | |
| 61 to 365 days | |
| 707,559 | | |
| 651,860 | |
| Over 1 year | |
| 1,254,042 | | |
| 1,059,518 | |
| | |
| 5,843,587 | | |
| 4,701,900 | |
| | |
| | | |
| | |
| Other receivables | |
| | | |
| | |
| Government grant receivable | |
| 18,791 | | |
| 6,137 | |
| Advance to employees | |
| - | | |
| 9,090 | |
| Deposit recoverable | |
| 46,505 | | |
| 29,216 | |
| Prepayments | |
| 136,581 | | |
| 47,125 | |
| Other receivables | |
| 9,869 | | |
| - | |
| | |
| 211,746 | | |
| 91,568 | |
| Total trade and other receivables | |
| 5,028,742 | | |
| 3,825,146 | |
|
| Schedule of Lifetime Expected Loss Provision for Trade Receivables |
Lifetime expected loss provision for trade receivables of the Group are as follows:
| | |
| |
December 31, 2025 | | |
December 31, 2024 | |
| Customers’ characteristics | |
Weighted- average expected credit loss rate | |
Gross carrying amount | | |
Allowance for expected credit losses | | |
Gross carrying amount | | |
Allowance for expected credit losses | |
| | |
| |
USD | | |
USD | | |
USD | | |
USD | |
| | |
| |
| | |
| | |
| | |
| |
| Low risk | |
0.6% - 0.8% | |
| 4,857,969 | | |
| 40,973 | | |
| 3,755,925 | | |
| 22,347 | |
| Loss | |
100% | |
| 985,618 | | |
| 985,618 | | |
| 945,975 | | |
| 945,975 | |
| | |
| |
| | | |
| | | |
| | | |
| | |
| | |
| |
| 5,843,587 | | |
| 1,026,591 | | |
| 4,701,900 | | |
| 968,322 | |
|
| Schedule of Reconciliation of Movement in the Allowances for Expected Credit Losses |
The reconciliation of movement in the allowances for expected credit losses is as follows:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
USD | | |
USD | |
| Balance at January 1 | |
| 968,322 | | |
| 428,099 | |
| Impairment during the year | |
| 59,645 | | |
| 562,755 | |
| Written off | |
| (58,850 | ) | |
| - | |
| Currency translation adjustment | |
| 57,474 | | |
| (22,532 | ) |
| Balance at December 31 | |
| 1,026,591 | | |
| 968,322 | |
|