| PROPERTY AND EQUIPMENT, NET |
NOTE
4 — PROPERTY AND EQUIPMENT, NET
The
components of property and equipment are as follows:
SCHEDULE OF PROPERTY AND EQUIPMENT, NET
| | |
Total | |
| June 30, 2026 | |
| | |
| Cost: | |
| | |
| Office Equipment | |
$ | 38,909 | |
| Furniture and Fittings | |
| 5,798 | |
| Kitchen Equipment | |
| 32,043 | |
| Other Operating Equipment | |
| 12,177 | |
| Leasehold Improvements | |
| 156,372 | |
| | |
| | |
| Accumulated Depreciation: | |
| | |
| Office equipment | |
$ | (31,794 | ) |
| Furniture and Fittings | |
| (3,382 | ) |
| Kitchen Equipment | |
| (16,111 | ) |
| Other Operating Equipment | |
| (5,364 | ) |
| Leasehold Improvements | |
| (84,500 | ) |
| | |
| | |
| Impairment: | |
| | |
| Office equipment | |
$ | (7,165 | ) |
| Furniture and Fittings | |
| (2,433 | ) |
| Kitchen Equipment | |
| (12,518 | ) |
| Other Operating Equipment | |
| (6,861 | ) |
| Leasehold Improvements | |
| (61,147 | ) |
| Add: Foreign currency translation adjustment | |
| 631 | |
| | |
| | |
| Total, net | |
$ | 14,655 | |
| | |
| | |
| December 31, 2025 | |
| | |
| Cost: | |
| | |
| Office Equipment | |
$ | 39,021 | |
| Furniture and Fittings | |
| 5,839 | |
| Kitchen Equipment | |
| 31,960 | |
| Other Operating Equipment | |
| 12,263 | |
| Leasehold Improvements | |
| 159,518 | |
| | |
| | |
| Accumulated Depreciation: | |
| | |
| Office equipment | |
$ | (31,856 | ) |
| Furniture and Fittings | |
| (3,406 | ) |
| Kitchen Equipment | |
| (15,655 | ) |
| Other Operating Equipment | |
| (5,402 | ) |
| Leasehold Improvements | |
| (83,005 | ) |
| | |
| | |
| Impairment: | |
| | |
| Office equipment | |
$ | (7,165 | ) |
| Furniture and Fittings | |
| (2,433 | ) |
| Kitchen Equipment | |
| (12,518 | ) |
| Other Operating Equipment | |
| (6,861 | ) |
| Leasehold Improvements | |
| (61,147 | ) |
| | |
| | |
| Total, net | |
$ | 19,153 | |
For
the three months ended June 30, 2026 and 2025, the Company recorded depreciation expenses of $2,047 and $3,380, respectively. For the
six months ended June 30, 2026 and 2025, the Company recorded depreciation expenses of $4,137 and $6,662, respectively. There was no
impairment of property and equipment during the six months ended June 30, 2026 and 2025.
|