Leases (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Leases [Abstract] |
|
| Schedule of Carrying Amount of Right-of-Use Assets |
The carrying amount of the Group’s
right-of-use assets and the movements during the year are as follows:
| | |
Office | | |
Office | | |
| |
| | |
premises | | |
equipment | | |
Total | |
| | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| |
| At January 1, 2024 | |
| 583,078 | | |
| 6,643 | | |
| 589,721 | |
| Remeasurement on lease modifications | |
| 884,288 | | |
| - | | |
| 884,288 | |
| Depreciation charge | |
| (710,579 | ) | |
| (1,424 | ) | |
| (712,003 | ) |
| Exchange realignment | |
| (18,231 | ) | |
| 32 | | |
| (18,199 | ) |
| | |
| | | |
| | | |
| | |
| At December 31, 2024 and January 1, 2025 | |
| 738,556 | | |
| 5,251 | | |
| 743,807 | |
| New lease for the year | |
| 431,238 | | |
| 2,826 | | |
| 434,064 | |
| Remeasurement on lease modifications | |
| 475,118 | | |
| - | | |
| 475,118 | |
| Depreciation charge | |
| (740,856 | ) | |
| (2,290 | ) | |
| (743,146 | ) |
| Exchange realignment | |
| 24,602 | | |
| (11 | ) | |
| 24,591 | |
| | |
| | | |
| | | |
| | |
| At December 31, 2025 | |
| 928,658 | | |
| 5,776 | | |
| 934,434 | |
|
| Schedule of Carrying Amount of Lease Liabilities |
The
carrying amount of lease liabilities and the movements during the year are as follows:
| | |
2025 | | |
2024 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| Carrying amount at January 1 | |
| 735,550 | | |
| 606,061 | |
| New leases | |
| 433,713 | | |
| - | |
| Remeasurement on lease modifications | |
| 472,236 | | |
| 866,795 | |
| Accretion of interest recognized during the year | |
| 53,629 | | |
| 23,700 | |
| Payments | |
| (778,261 | ) | |
| (745,592 | ) |
| Exchange realignment | |
| 25,097 | | |
| (15,414 | ) |
| | |
| | | |
| | |
| Carrying amount at December 31 | |
| 941,964 | | |
| 735,550 | |
| | |
| | | |
| | |
| Analyzed into: | |
| | | |
| | |
| Current portion | |
| 702,287 | | |
| 441,878 | |
| Non-current portion | |
| 239,677 | | |
| 293,672 | |
|
| Schedule of Profit or Loss |
The amounts recognized in profit or loss in relation to leases are as follows:
| | |
2025 | | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| |
| Interest on lease liabilities | |
| 53,629 | | |
| 23,700 | | |
| 48,363 | |
| Depreciation charge of right-of-use assets | |
| 743,146 | | |
| 712,003 | | |
| 743,956 | |
| Expense relating to short-term leases | |
| 11,002 | | |
| 11,126 | | |
| 42,931 | |
| | |
| | | |
| | | |
| | |
| Total amount recognized in profit or loss | |
| 807,777 | | |
| 746,829 | | |
| 835,250 | |
|
| Schedule of Cash Outflow for Leases |
The total cash outflow for leases:
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| US$ | | |
| US$ | | |
| US$ | |
| | |
| | | |
| | | |
| | |
| Total cash outflow for leases | |
| 789,264 | | |
| 756,718 | | |
| 822,202 | |
|