v3.26.1
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Instruments [Abstract]  
Schedule of Financial Assets

Financial assets

   2025   2024 
   US$   US$ 
Financial asset designated at fair value through other comprehensive income   544,000    600,000 
Financial assets at amortized costs   50,811,553    56,884,196 
    51,355,553    57,484,196 
Schedule of Financial Liabilities

Financial liabilities

   2025   2024 
   US$   US$ 
Financial liabilities at fair value through profit or loss   1,130,168    1,392,997 
Financial liabilities at amortized costs   31,985,951    27,403,211 
    33,116,119    28,796,208 
Schedule of Exchange Rates As HK$ is pegged to US$, the directors of the Company anticipate that there will be no significant movements in the US$/HK$ exchange rates and the exposure on US$ will not be material.
    2025   2024 
    Increase/   Increase/   Increase/   Increase/ 
    (decrease) in   (decrease)   (decrease) in   (decrease) 
    foreign   in loss   foreign   in loss 
    exchange rate   after tax   exchange rate   after tax 
        US$       US$ 
SGD    3%   (3,286,806)   3%   (1,527,154)
     (3)%   3,286,806    (3)%   1,527,154 
TWD    3%   (525,420)   3%   (500,404)
     (3)%   525,420    (3)%   500,404 
MYR    3%   (409,381)   3%   (196,365)
     (3)%   409,381    (3)%   196,365 
PHP    3%   (614,130)   3%   (635,994)
     (3)%   614,130    (3)%   635,994 
THB    3%   (331,282)   3%   (328,388)
     (3)%   331,282    (3)%   328,388 
IDR    3%   (182,744)   3%   (183,444)
     (3)%   182,744    (3)%   183,444 
Schedule of Gross Carrying Amounts for Financial Assets

The tables below show the credit quality and the maximum exposure to credit risk based on the Group’s credit policy, which is mainly based on past due information unless other information is available without undue cost or effort, and year-end staging classification as at December 31. The amounts presented are gross carrying amounts for financial assets.

 

   12-month
ECLs		   Lifetime ECLs     
               Simplified     
   Stage 1   Stage 2   Stage 3   approach   Total 
   US$   US$   US$   US$   US$ 
December 31, 2025                    
Accounts receivable*   
-
    
-
    
-
    18,864,241    18,864,241 
Contract assets*   
-
    
-
    
-
    17,898,042    17,898,042 
Financial assets included in deposits and other receivables                         
- Normal**   695,539    
-
    
-
    
-
    695,539 
Pledged bank deposits                         
- Low   185,146    
-
    
-
    
-
    185,146 
Cash and cash equivalents                        
- Low   31,185,296    
-
    
-
    
-
    31,185,296 
    32,065,981    
-
    
-
    36,762,283    68,828,264 
December 31, 2024                         
Accounts receivable*   
-
    
-
    
-
    13,644,371    13,644,371 
Contract assets*   
-
    
-
    
-
    11,825,444    11,825,444 
Financial assets included in deposits and other receivables                         
- Normal**   639,444    
-
    
-
    
-
    639,444 
Pledged bank deposits                         
- Low   185,336    
-
    
-
    
-
    185,336 
Cash and cash equivalents                         
- Low   42,521,520    
-
    
-
    
-
    42,521,520 
    43,346,300    
-
    
-
    25,469,815    68,816,115 

  

* For accounts receivable and contract assets to which the Group applies the simplified approach for impairment, information is disclosed in notes 14 and 15 to the financial statements.

 

** The credit quality of financial assets included in deposits and other receivables is considered to be “normal” when it is not past due and there is no information indicating that the financials had a significant increase in credit risk since initial recognition. Otherwise, the credit quality of the financial assets is considered to be “doubtful”.
Schedule of Financial Liabilities

The following table details the Group’s remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cashflows of financial liabilities based on the earliest date on which the Group can be required to pay. The table includes both interest and principal cash flows.

 

   Weighted                 
   average                 
   interest   Less than   1 - 5   Undiscounted   Carrying 
   rate   1 year   years   cash flows   amount 
   %   US$   US$   US$   US$ 
As at December 31, 2025                    
Account and other payables   
-
    31,985,951    
-
    31,985,951    31,985,951 
Lease liabilities   6.04    735,426    252,658    988,084    941,964 
         32,721,377    252,658    32,974,035    32,927,915 

 

   Weighted                 
   average                 
   interest   Less than   1 - 5   Undiscounted   Carrying 
   rate   1 year   years   cash flows   amount 
   %   US$   US$   US$   US$ 
As at December 31, 2024                    
Account and other payables   
-
    27,403,211    
-
    27,403,211    27,403,211 
Lease liabilities   5.89    469,930    304,338    774,268    735,550 
         27,873,141    304,338    28,177,479    28,438,761