v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes consisted of the following:

 

   2025   2024   2023 
   Financial Years Ended December 31, 
   2025   2024   2023 
   $’000   $’000   $’000 
             
Income tax expense  92   125   285 
Deferred tax expense   (748)   -    - 
                
Income tax (benefit) expense   (656)   125    285 
SCHEDULE OF EFFECTIVE INCOME TAX RATE

 

   2025   2024   2023 
   Financial Years Ended December 31, 
   2025   2024   2023 
   $’000   $’000   $’000 
             
(Loss) Income before income taxes   (1,053)   501    2,145 
Statutory income tax rate   17%   17%   17%
Income tax expense at statutory rate   (179)   85    365 
Effect of different tax rates in foreign jurisdictions   195   (7)   (4)
Expenses not deductible for tax purposes   206    14    15 
Income tax (over-provision or under provision)   -    (10)   (28)
Deferred tax provision   (748)   

-

    

-

 
Tax exemption and rebate   (102)   (45)   (49)
Other   (28)   88    (14)
                
Income tax (benefit) expense   (656)   125    285 
SCHEDULE OF DEFERRED INCOME TAX LIABILITY

The following table sets forth the significant components of the deferred tax assets and liabilities of the Company as of December 31, 2025 and 2024:

 

   2025   2024 
   As of December 31, 
   2025   2024 
   $’000   $’000 
         
Deferred tax assets:          
Loss carried forward   12    - 
Provision for impairment of account receivables   436    - 
Provision for impairment for inventory   63    - 
Lease liabilities   152    128 
Accrued expenses   18    - 
Property and equipment   156    - 
           
Total deferred tax assets   837    128 
           
Deferred tax liabilities:          
Right-of-use assets   (112)   (164)
           
Total deferred tax liabilities   (112)   (164)
           
Deferred tax assets (liabilities), net   725    (36)