Loan Receivables (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Loan Receivables [Abstract] |
|
| Schedule of Loan Receivables |
| | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| Personal
loans | |
| 34,429 | | |
| - | |
| Term
loans | |
| 20,926,943 | | |
| - | |
| | |
| 20,961,372 | | |
| - | |
| Less:
Unearned interest | |
| (4,001,404 | ) | |
| - | |
| | |
| 16,959,968 | | |
| - | |
| Less:
Provision for allowance for expected credit losses on loan receivables | |
| (114,147 | ) | |
| - | |
| | |
| 16,845,821 | | |
| - | |
| Movement
in provision for allowance for expected credit losses on loan receivables as follows: | |
| | | |
| | |
| | |
| | | |
| | |
| At
beginning of the year | |
| 60,895 | | |
| 114,147 | |
| Additions | |
| 53,252 | | |
| - | |
| Reversal | |
| - | | |
| (114,147 | ) |
| At
end of the year | |
| 114,147 | | |
| - | |
| | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| Current asset | |
| 10,283,529 | | |
| - | |
| Non-current asset | |
| 6,562,292 | | |
| - | |
| | |
| 16,845,821 | | |
| - | |
|
| Schedule of Outstanding Balances |
The
average credit period for services rendered is NIL (2024: 30) days. No interest is charged on the outstanding balances.
| | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | |
| Not past due | |
| 16,445,408 | | |
| - | |
| Past
due (i) | |
| 514,560 | | |
| - | |
| | |
| 16,959,968 | | |
| - | |
| Less: Provision for
allowance for expected credit losses on loan receivables | |
| (114,147 | ) | |
| - | |
| | |
| 16,845,821 | | |
| - | |
| (i) | Aging
of loan receivables that are past due the average credit period: |
|
| Schedule of Aging of Loan Receivables |
Aging
of loan receivables that are past due the average credit period:
| | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | |
| < 30 days | |
| 46,653 | | |
| - | |
| 31 days to 60 days | |
| 217,911 | | |
| - | |
| 61 days to 210 days | |
| 221,556 | | |
| - | |
| 211 days to 240 days | |
| 28,440 | | |
| - | |
| 241 days to <
1 year | |
| - | | |
| - | |
| Total
(ii) | |
| 514,560 | | |
| - | |
| (ii) | These amounts are stated before any deduction for provision for allowance for ECL and are not secured by any collateral or credit enhancements. |
|
| Schedule of Provision for Loss Allowance Based on Past Due Status |
The
following table details the provision for ECL based on the Company’s provision matrix, based on past due status is not further
distinguished between the Company’s different customer base:
| | |
Loan
receivables – days past due | |
| | |
Not
past
due | | |
1
to 30
days | | |
31-60
days | | |
61-210
days | | |
211
– 240
days | | |
Over
241
days | | |
Total | |
| | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| Lifetime
ECL – December 31, 2024 | |
| 102,981 | | |
| 1,012 | | |
| 4,729 | | |
| 4,808 | | |
| 617 | | |
| - | | |
| 114,147 | |
| Lifetime
ECL – December 31, 2025 | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
|