v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases  
SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES

The following table presents the operating lease related assets and liabilities recorded on the Company’s consolidated balance sheet.

 

   March 31, 2026   December 31, 2025 
   US$   US$ 
Right-of-use assets   909,298    989,530 
Impairment of right-of-use assets   —    — 
Right-of-use assets, net   909,298    989,530 
           
Operating lease liabilities – current   339,534    270,497 
Operating lease liabilities – non-current   692,936    780,603 
Total operating lease liabilities   1,032,470    1,051,100 
SCHEDULE OF OFFICE LEASE EXPENSE

The following table presents the components of the Company’s office lease expense for the three months ended March 31, 2026 and 2025, which are included in general and administrative expenses on the consolidated statements of operations:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
   US$   US$ 
Operating lease cost   93,426    82,585 
Variable lease cost   —    — 
Operating lease expense   93,426    82,585 
Short-term lease rent expense   36,522    4,357 
Total lease expense   129,948    86,942 
SCHEDULE OF MATURITY OPERATING LEASE LIABILITIES

The following table summarizes the maturity of operating lease liabilities as of March 31, 2026:

 

   US$ 
2026   286,415 
2027   390,640 
2028   400,406 
2029   33,435 
Total   1,110,896 
Less: imputed interest   (78,426)
Present value of lease liabilities   1,032,470