| Schedule of Disaggregated Revenues |
The following table shows disaggregated revenues
by major categories for the years ended December 31, 2024 and 2025, respectively:
| | |
Years ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
US$ | | |
% | | |
US$ | | |
% | |
| Customized software solutions | |
| 1,119,210 | | |
| 48.5 | % | |
| 640,722 | | |
| 47.5 | % |
| White label software | |
| 748,770 | | |
| 32.4 | % | |
| 486,804 | | |
| 36.2 | % |
| Subscription services | |
| 441,238 | | |
| 19.1 | % | |
| 220,558 | | |
| 16.3 | % |
| Total | |
| 2,309,218 | | |
| 100.0 | % | |
| 1,348,084 | | |
| 100.0 | % |
The following table shows disaggregated cost of
revenues by major categories for the years ended December 31, 2024 and 2025, respectively:
| | |
Years ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
US$ | | |
% | | |
US$ | | |
% | |
| Customized software solutions | |
| 117,252 | | |
| 16.9 | % | |
| 59,028 | | |
| 7.6 | % |
| White label software | |
| 361,619 | | |
| 52.3 | % | |
| 491,337 | | |
| 63.6 | % |
| Subscription services | |
| 213,113 | | |
| 30.8 | % | |
| 222,611 | | |
| 28.8 | % |
| Total | |
| 691,984 | | |
| 100.0 | % | |
| 772,976 | | |
| 100.0 | % |
The following table shows disaggregated cost of
revenues by nature for the years ended December 31, 2024 and 2025, respectively:
| | |
Years ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
US$ | | |
% | | |
US$ | | |
% | |
| Staff costs and employee benefits | |
| 230,193 | | |
| 33.3 | % | |
| 113,189 | | |
| 14.6 | % |
| Amortization of intangible assets | |
| 259,997 | | |
| 37.5 | % | |
| 634,964 | | |
| 82.1 | % |
| Subcontracting costs | |
| 179,495 | | |
| 25.9 | % | |
| 13,817 | | |
| 1.8 | % |
| Rental of server | |
| 10,733 | | |
| 1.6 | % | |
| — | | |
| — | % |
| Depreciation | |
| 11,564 | | |
| 1.7 | % | |
| 11,006 | | |
| 1.5 | % |
| Total | |
| 691,984 | | |
| 100.0 | % | |
| 772,976 | | |
| 100.0 | % |
|
| Schedule of Breakdown of Gross Profit and Gross Profit Margin |
The following table sets forth a breakdown of
gross profit and gross profit margin for the years ended December 31, 2024 and 2025, respectively:
| | |
Years ended December 31, 2025 | |
| | |
Revenue | | |
Cost of revenue | | |
Gross
profit (loss) | | |
Gross profit (loss) margin | |
| | |
US$ | | |
US$ | | |
US$ | | |
% | |
| Customized software solutions | |
| 640,722 | | |
| 59,028 | | |
| 581,694 | | |
| 90.8 | % |
| White label software | |
| 486,804 | | |
| 491,337 | | |
| (4,533 | ) | |
| (0.9 | )% |
| Subscription services | |
| 220,558 | | |
| 222,611 | | |
| (2,053 | ) | |
| (0.9 | )% |
| Total | |
| 1,348,084 | | |
| 772,976 | | |
| 575,108 | | |
| 42.7 | % |
| | |
Years ended December 31, 2024 | |
| | |
Revenue | | |
Cost of revenue | | |
Gross
profit | | |
Gross profit margin | |
| | |
US$ | | |
US$ | | |
US$ | | |
% | |
| Customized software solutions | |
| 1,119,210 | | |
| 117,252 | | |
| 1,001,958 | | |
| 89.5 | % |
| White label software | |
| 748,770 | | |
| 361,619 | | |
| 387,151 | | |
| 51.7 | % |
| Subscription services | |
| 441,238 | | |
| 213,113 | | |
| 228,125 | | |
| 51.7 | % |
| Total | |
| 2,309,218 | | |
| 691,984 | | |
| 1,617,234 | | |
| 70.0 | % |
|
| Schedule of Revenues Disaggregated by Timing of Revenue Recognition |
Revenues disaggregated by timing of revenue
recognition for the years ended December 31, 2024 and 2025 are disclosed in the table below:
| | |
Years ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
US$ | | |
US$ | |
| Point in time | |
| | |
| |
| – Customized software solutions | |
| 1,119,210 | | |
| 640,722 | |
| – White label software | |
| 748,770 | | |
| 486,804 | |
| | |
| 1,867,980 | | |
| 1,127,526 | |
| Over time | |
| | | |
| | |
| – Subscription services | |
| 441,238 | | |
| 220,558 | |
| Total | |
| 2,309,218 | | |
| 1,348,084 | |
|