Leases (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Leases |
|
| Schedule of operating and finance leases assets and liabilities |
Schedule
of operating and finance leases assets and liabilities
| | |
June
30,
2025 | | |
December
31, 2024 | |
| | |
As
of | |
| | |
June
30,
2025 | | |
December
31, 2024 | |
| | |
(Unaudited) | | |
(Audited) | |
| Lease assets and liabilities | |
| | | |
| | |
| Operating lease assets, net | |
$ | 37,981 | | |
$ | 16,603 | |
| Finance lease assets, net | |
| 15,432 | | |
| 40,454 | |
| | |
| | | |
| | |
| Operating lease liabilities
– current | |
$ | 24,437 | | |
$ | 9,223 | |
| Operating lease
liabilities – noncurrent | |
| 14,301 | | |
| 7,564 | |
| Operating lease
liabilities – total | |
$ | 38,738 | | |
$ | 16,787 | |
| | |
| | | |
| | |
| Finance lease liabilities –
current | |
$ | 11,979 | | |
$ | 11,053 | |
| Finance lease liabilities
– noncurrent | |
| 53,658 | | |
| 56,559 | |
| Finance lease
liabilities – total | |
$ | 65,637 | | |
$ | 67,612 | |
|
| Schedule of lease cost, weighted average remaining lease terms and discount rates of operating and finance leases |
Components
of lease cost, weighted average remaining lease terms and discount rates of operating and finance leases consist of the following:
Schedule
of lease cost, weighted average remaining lease terms and discount rates of operating and finance leases
| | |
June
30, 2025 | | |
December
31, 2024 | | |
December
31, 2023 | |
| | |
For
the Six Months
Ended | | |
For
the Years Ended | |
| | |
June
30, 2025 | | |
December
31, 2024 | | |
December
31, 2023 | |
| | |
(Unaudited) | | |
(Audited) | | |
(Audited) | |
| Lease expenses | |
| | | |
| | | |
| | |
| Operating lease expenses – SG&A
portion | |
$ | 13,225 | | |
$ | 21,874 | | |
$ | 23,089 | |
| Finance lease expenses | |
| | | |
| | | |
| | |
| Depreciation expense of
leased assets | |
| 26,351 | | |
| 50,426 | | |
| 17,625 | |
| Interest
expense of finance lease | |
$ | 1,564 | | |
$ | 3,420 | | |
$ | 2,306 | |
| | |
| | | |
| | | |
| | |
| Other Information | |
| | | |
| | | |
| | |
| Cash paid for amounts included in the measurement
of lease liabilities | |
| | | |
| | | |
| | |
| Operating cash flows –
operating leases | |
$ | 12,683 | | |
$ | 22,959 | | |
$ | 23,039 | |
| Operating cash flows –
finance leases | |
| 1,564 | | |
| 3,420 | | |
| 2,306 | |
| Financing
cash flows – finance leases | |
$ | 5,562 | | |
$ | 10,216 | | |
$ | 41,328 | |
| | |
| | | |
| | | |
| | |
| Operating lease right-of-use
assets obtained in exchange for operating lease liabilities | |
$ | 31,350 | | |
$ | 15,359 | | |
$ | - | |
| | |
| | | |
| | | |
| | |
| Weighted average remaining lease term (in years) | |
| | | |
| | | |
| | |
| Operating leases | |
| 1.51 | | |
| 1.01 | | |
| 1.00 | |
| Finance leases | |
| 4.91 | | |
| 5.41 | | |
| 3.25 | |
| | |
| | | |
| | | |
| | |
| Average discount rate | |
| | | |
| | | |
| | |
| Operating leases | |
| 8.72 | % | |
| 7.74 | % | |
| 5.77 | % |
| Finance leases | |
| 4.67 | % | |
| 4.67 | % | |
| 4.63 | % |
|
| Schedule of future minimum payments under operating and finance leases |
Future
minimum payments under operating and finance leases consist of the following:
Schedule
of future
minimum payments under operating and finance leases
| | |
Operating
Leases | | |
Finance
Leases | |
| Future minimum lease payments | |
| | | |
| | |
| Period ended June 30, 2026 | |
$ | 26,833 | | |
$ | 14,758 | |
| Period ended June 30, 2027 | |
| 14,695 | | |
| 14,758 | |
| Period ended June 30, 2028 | |
| - | | |
| 14,758 | |
| Period ended June 30, 2029 | |
| - | | |
| 14,758 | |
| Period ended June 30, 2030 | |
| - | | |
| 14,346 | |
| Total | |
$ | 41,528 | | |
$ | 73,378 | |
| Less: Interest | |
| (2,790 | ) | |
| (7,741 | ) |
| Present value of lease liabilities | |
$ | 38,738 | | |
$ | 65,637 | |
|