v3.26.1
Inventories, Net
 12 Months Ended
Dec. 31, 2025
Inventories, Net [Abstract]  
INVENTORIES, NET

NOTE 5 — INVENTORIES, NET

 

Inventories are summarized as follows:

 

   As of December 31, 
   2025   2024 
   US$   US$ 
Raw materials   1,346,138    848,123 
Work in progress   1,126,943    1,633,948 
Finished goods   153,270    224,297 
Subtotal   2,626,351    2,706,368 
Inventory provision   (162,891)   (32,367)
Total   2,463,460    2,674,001 

 

The Company evaluates inventories for excess and obsolescence on a regular basis, based on management’s assessment of product life cycles, historical and forecasted demand, and market conditions. A write-down is recognized when the carrying amount of inventory exceeds its estimated net realizable value.

 

The movement of the inventory valuation allowances was as follows:

 

   For the years ended December 31, 
   2025   2024   2023 
   US$   US$   US$ 
Balance at beginning of the year   32,367    38,415    6,894 
Provision   125,614    488    32,412 
Exchange difference   4,910    (6,536)   (891)
Balance at end of the year   162,891    32,367    38,415