v3.26.1
Right-of-Use Assets and Operating Lease Liabilities
12 Months Ended
Dec. 31, 2025
Right-of-Use Assets and Operating Lease Liabilities [Abstract]  
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

11. RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

 

The Company is a lessee of non-cancellable operating leases for a corporate office in Hong Kong with a lease term of two years. The Company’s ROU assets and operating lease liabilities recognized in the consolidated balances sheets consist of the following:

 

   As of December 31, 
   2024   2025 
   US$   US$ 
Right-of-use assets   167,723    106,978 

 

   As of December 31, 
   2024   2025 
   US$   US$ 
Operating lease liabilities        
Current portion   90,199    57,653 
Non-current portion   77,524    49,325 
Total   167,723    106,978 

 

During the years ended December 31, 2024 and 2025, the Company incurred lease expenses of approximately US$102,699, US$101,501 and US$88,202, respectively.

 

Other supplemental information about the Company’s operating lease as of December 31, 2024 and 2025:

 

   As of December 31, 
   2024   2025 
Operating leases:        
Weighted average remaining lease term (years)   1.83    1.87 
Weighted average discount rate   3.38%   2.875%

 

The maturity analysis of the Company’s undiscounted non-cancellable operating lease obligations as of December 31, 2024 is as follows:

 

   Operating
leases
 
   US$ 
Year ending December 31, 2025   94,208 
Year ending December 31, 2026   78,507 
Total undiscounted lease obligations   172,715 
Less: imputed interest   (4,992)
Lease liabilities recognized in the consolidated balance sheet   167,723 

 

The maturity analysis of the Company’s undiscounted non-cancellable operating lease obligations as of December 31, 2025 is as follows:

 

   Operating
leases
 
   US$ 
Year ending December 31, 2026   59,830 
Year ending December 31, 2027   49,858 
Total undiscounted lease obligations   109,688 
Less: imputed interest   (2,710)
Lease liabilities recognized in the consolidated balance sheet   106,978