v3.26.1
PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 6 － PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment consisted of the followings:

 

       
   As of December 31, 
   2024   2025 
At cost:          
Leasehold improvements  $1,024,258   $1,265,243 
Freehold land   2,777,723    2,794,950 
Freehold buildings   2,665,452    

2,681,984

 
Office equipment   207,862    350,335 
Furniture and fixtures   674,198    

1,234,330

 
Motor vehicles   74,473    74,935 
Property and equipment, gross   7,423,966    8,401,777 
Less: accumulated depreciation   (3,689,809)   (4,047,571)
Property, plant and equipment, net  $3,734,157   $4,354,206 

 

Depreciation expense for the years ended December 31, 2023, 2024 and 2025 were $115,831, $208,978 and $ 506,379, respectively.