v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF FOREIGN CURRENCY TRANSLATION

Translation of amounts has been made at the following exchange rates into US$1 for the years ended December 31, 2023, 2024 and 2025:

 

US$ Exchange rate  2023   2024   2025 
Year-end SGD:US$1 exchange rate   1.3193    1.3662    1.2847 
Average SGD:US$1 exchange rate   1.3428    1.3363    1.3056 
Year-end AUD:US$1 exchange rate   0.6828    0.6185    0.6700 
Average AUD:US$1 exchange rate   0.6644    0.6597    0.6453 
Year-end EUR:US$1 exchange rate   0.9040    0.9661    0.8511 
Average EUR:US$1 exchange rate   0.9245    0.9242    0.8859 
Year-end JPY:US$1 exchange rate   141    157    156 
Average JPY:US$1 exchange rate   141    151    150 
Year-end KRW:US$1 exchange rate   1,291    1,478    1,420 
Average KRW:US$1 exchange rate   1,307    1,363    1,399 
Year-end GBP:US$1 exchange rate   0.7847    0.7987    0.7425 
Average GBP:US$1 exchange rate   0.8039    0.7824    0.7573 
SCHEDULE OF PLANT AND EQUIPMENT EXPECTED USEFUL LIFE

 

    Expected useful life
Leasehold improvements   The term of lease
Buildings   2635 years
Office equipment   3-15 years
Furniture and fittings   1-23 years
Motor vehicles   5-6 years
SCHEDULE OF SALES TAX RATE

The summary of sales tax rate (including value added tax and goods and service tax) by the governing countries is as follows:-

 

Jurisdiction         
   Sales tax rate 
Jurisdiction  2023   2024   2025 
France   20%   20%   20%
Australia   10%   10%   10%
South Korea   10%   10%   10%
Japan   10%   10%   10%
United Kingdom   20%   20%   20%
Singapore   8%   9%   9%
SCHEDULE OF DISAGGREGATED ITS REVENUE FROM CONTRACTS WITH CUSTOMERS AND GEOGRAPHICAL REGION

The Company has disaggregated its net revenue from contracts with customers into categories based on business segments, as follows:

 

Product sales, by business segments:  Point of recognition         
      For the years ended December 31, 
Product sales, by business segments:  Point of recognition  2023   2024   2025 
                
Export sales  At a point in time  $311,098,665   $312,043,186   $349,599,092 
Retail sales  At a point in time   5,072,320    4,563,729    9,115,672 
Leather trading  At a point in time   9,813,484    18,453,936    19,161,359 
Total     $325,984,469   $335,060,851   $377,876,123