| Schedule of property and equipment, net |
Property
and equipment, net consist of the following:
Schedule
of property
and equipment, net
| | |
| | |
| |
| | |
As
of | |
| | |
June 30,
2025 | | |
December
31, 2024 | |
| | |
(Unaudited) | | |
(Audited) | |
| At Cost: | |
| | | |
| | |
| Dry-docking expenditures | |
$ | 15,998,313 | | |
$ | 14,342,245 | |
| Furniture and fixtures | |
| 68,964 | | |
| 58,174 | |
| Motor vehicles | |
| 284,462 | | |
| 252,916 | |
| Real property | |
| 836,276 | | |
| 784,966 | |
| Renovation and improvements | |
| 195,967 | | |
| 185,072 | |
| Tools and equipment | |
| 1,922,063 | | |
| 1,498,228 | |
| Vessels | |
| 34,399,918 | | |
| 34,399,919 | |
| Total, at cost | |
| 53,705,963 | | |
| 51,521,520 | |
| Less: Accumulated depreciation | |
| (21,972,674 | ) | |
| (19,388,059 | ) |
| Total, net | |
$ | 31,733,289 | | |
$ | 32,133,461 | |
|