v3.26.1
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company leases office under non-cancelable operating lease agreement. Pursuant to the new lease standard ASC 842-10-55, this lease is treated as operating leases. The Company’s lease agreements do not have a discount rate that is readily determinable. The incremental borrowing rate is determined at lease commencement or lease modification and represents the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in a similar economic environment. Management determined the incremental borrowing rate was 4.88% and 5.00% for the lease that began in 2024 and 2025, respectively. This lease is on a fixed payment basis. None of the leases include contingent rentals.
Description of leaseLease term
Office in Wanchai, Hong Kong
2 years from January 31, 2022 to January 30, 2024
Office at Wanchai, Hong Kong
2 years from January 31, 2024 to January 30, 2026
Office at Central, Hong Kong
2 years from September 5, 2025 to September 4, 2027
(a)Amounts recognized in the consolidated balance sheet:
202420252025
HK$HK$US$
Right-of-use assets1,563,916 4,363,374 560,607 
Operating lease liabilities - current1,440,666 123,249 15,835 
Operating lease liabilities - related party, current- 2,484,415 319,198 
Operating lease liabilities - non-current123,249 - - 
Operating lease liabilities- related party, non-current- 1,755,710 225,574 
Weighted average remaining lease term (in years)1.081.63
Weighted average discount rate (%)4.88 5.00 
(b)A summary of lease cost recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) and supplemental cash flow information related to operating leases is as follows:
2023202420252025
HK$HK$HK$US$
Amortization charge of right-of-use assets1,597,585 1,404,578 2,130,949 273,785 
Interest of lease liabilities35,521 89,805 102,359 13,151 
Cash paid for operating leases1,659,126 1,500,000 2,335,667 300,087 
Operating lease right-of-use assets, obtained in exchange for operating lease liabilities2,824,383 2,835,821 5,032,766 646,611 
(c)The following table shows the remaining contractual maturities of the Company’s operating lease liabilities as of December 31, 2025:
HK$ US$
20262,763,751 355,087 
20271,789,333 229,894 
Total future lease payments4,553,084 584,981 
Less: imputed interest(189,710)(24,374)
Present value of operating lease liabilities4,363,374 560,607