v3.26.1
Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Taxes [Abstract]  
Schedule of Taxation in the Statements of Operations

Taxation in the statements of operations represents:

 

   Years ended December 31, 
   2024   2025 
   US$   US$ 
Hong Kong profits tax provision for the year:        
Current   
    
 
Deferred   (53,200)   965,881 
Total income tax expense (credit)   (53,200)   965,881 
Schedule of Effective Income Tax Rate

A reconciliation of the provision for income taxes determined at the Hong Kong statutory income tax rate to the Company’s effective income tax rate is as follows:

 

   Years ended December 31, 
   2024   2025 
   US$   %   US$   % 
Net income (loss) before income tax   (484,744)   
    (6,356,924)   
 
 
Tax at Hong Kong statutory tax rate of 16.5%   (79,983)   (16.5)%   (1,048,892)   16.5%
Reconciling items:                    
Tax effect of temporary difference   
    
    
    
 
Tax effect of non-taxable income   (3,121)   (0.6)%   (131)   (0.0)%
Tax effect of non-deductible expenses   29,904    6.2%   198,447    (3.1)%
Tax effect of tax losses not recognised   
    
    1,376,558    (21.7)%
Valuation allowance for tax losses   
    
    1,816,457    (28.6)%
Tax concession (Note 1)   
    
         
Tax holiday (Note 2)   
    
    
    
 
Income tax expense (credit)   (53,200)   (10.9)%   965,881    (15.2)%

 

Note 1: Tax concession represented election by the Company for profits tax rate at 8.25% on the first HK$2,000,000 under the two-tiered profits tax regime as above mentioned.

 

Note 2: Tax holiday represented the audit fee expenses in relation to IPO incurred by the Company which is incorporated in the Cayman Islands which is not subject to profits tax.

 

Note 3: There is no other unsettled tax position.
Schedule of Deferred Tax Liabilities and Assets

The following table sets forth the significant components of the deferred tax liabilities and assets of the Company:

 

   As of December 31, 
   2024   2025 
   US$   US$ 
Deferred tax liabilities:        
Accelerated depreciation and amortization        
Opening balances   244,417    694,414 
Addition   446,769    528,499 
Exchange realignment   3,228    1,734 
Ending balances   694,414    1,224,647 
           
Deferred tax assets:          
Net operating loss          
Opening balances   
    502,086 
Addition   499,969    1,379,074 
Exchange realignment   2,117    1,638 
Ending balances   502,086    1,882,798 
Less: valuation allowance   
    (1,819,641)
Deferred tax assets   502,086    63,157 
Deferred tax liabilities, net   192,328    1,161,490