| Schedule of Accounts Receivables |
Accounts
receivables consisted of the following (in $000s):
Schedule
of Accounts Receivables
| | |
March 31, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Accounts receivables, gross | |
| 1,474 | | |
| 1,704 | |
| Allowance for doubtful debt | |
| (286 | ) | |
| (447 | ) |
| Total accounts receivable, net | |
$ | 1,188 | | |
$ | 1,257 | |
|
The
following is a summary of accounts receivable at December 31, 2025 and 2024 (in thousands):
Schedule
of Accounts Receivables
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Accounts receivables | |
| 1,257 | | |
| — | |
| Total accounts receivables | |
$ | 1,257 | | |
$ | — | |
|
| Schedule of Movement in Provision for Doubtful Debt |
Schedule
of Movement in Provision for Doubtful Debt
| Movement in provision for doubtful debt | |
| |
| Provision for doubtful debt as December 31, 2025 | |
| (447 | ) |
| Reduction in provision during the three months ended March 31, 2026 | |
| 162 | |
| Foreign exchange translation adjustment | |
| (1 | ) |
| Addition | |
| - | |
| Provision for doubtful debt as March 31, 2026 | |
$ | (286 | ) |
|
|
| Schedule of Accounts Receivables |
Schedule of Accounts Receivables
| | |
Mar
31, 2026
(USD) | |
| Trade receivables,
gross | |
| 615,123 | |
| Less:
Allowance for expected credit losses | |
| (313,610 | ) |
| Trade
receivables, net | |
| 301,513 | |
| Other receivables | |
| 9,887 | |
| Refundable deposits | |
| 20,619 | |
| Prepayments | |
| 2,875 | |
| Total
accounts receivable, net | |
| 334,894 | |
|
Schedule of Accounts Receivables
| | |
Note | |
2025 | | |
2024 | |
| | |
| |
(USD) | | |
(USD) | |
| Trade receivables, gross | |
| |
| 602,579 | | |
| 538,423 | |
| Less: Accumulated impairment | |
| |
| (312,455 | ) | |
| (251,199 | ) |
| Trade receivables, net | |
| |
| 290,124 | | |
| 287,224 | |
| | |
| |
| | | |
| | |
| Other receivables | |
| |
| 9,850 | | |
| 17,875 | |
| Refundable deposits | |
| |
| 20,542 | | |
| 18,488 | |
| Total accounts receivable, net | |
| |
| 320,516 | | |
| 323,587 | |
| | |
| |
| | | |
| | |
| Movement in accumulated impairment: | |
| |
| | | |
| | |
| Opening balance | |
| |
| 251,199 | | |
| 213,421 | |
| Charge for the year | |
| |
| 35,616 | | |
| 32,318 | |
| Foreign exchange translation | |
| |
| 25,640 | | |
| 5,460 | |
| Closing balance | |
| |
| 312,455 | | |
| 251,199 | |
|