v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 880,457 $ 1,748,051
Short-term investment 703,822
Account receivables, net (including $158,120 and $78,885 of account receivable from related parties as of June 30, 2026 and December 31, 2025, respectively) 1,380,334 1,105,953
Prepayment, deposits and other receivables 249,330 260,380
Contract assets 282,584 159,867
Tax assets 116,528 99,094
Total current assets 3,695,028 3,448,269
Non-current Assets    
Right-of-use assets, net 552,385 583,610
Property, plant and equipment, net 695,930 714,685
Investment in associates 8,108 8,250
Total non-current assets 1,256,423 1,306,545
TOTAL ASSETS 4,951,451 4,754,814
Current liabilities    
Accrued liabilities and other payables 404,209 502,712
Contract liabilities 912,305 734,475
Income tax payable 34,090 71,269
Finance lease liability – current portion 16,217 15,972
Operating lease liability – current portion 70,131 60,689
Total current liabilities 1,641,822 1,610,855
Non-current liabilities    
Finance lease liability – non-current portion 19,794 28,169
Operating lease liability – non-current portion 482,254 522,921
Deferred tax liabilities 8,160 8,212
Total non-current liabilities 510,208 577,793
TOTAL LIABILITIES 2,152,030 2,188,648
SHAREHOLDERS’ EQUITY    
Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common stock, $0.0001 par value; 600,000,000 shares authorized; 81,915,838 and 81,915,838 shares issued and outstanding as of June 30, 2026 and December 31, 2025 8,192 8,192
Additional paid-in capital 10,795,250 10,795,250
Accumulated other comprehensive loss (81,007) (58,383)
Accumulated deficit (7,846,726) (8,124,933)
Non-controlling interest (76,288) (53,960)
TOTAL SHAREHOLDERS’ EQUITY 2,799,421 2,566,166
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 4,951,451 4,754,814
Related Party    
Current assets    
Amount due from related parties (including $49,927 and $42,672 of amount due from associate as of June 30, 2026 and December 31, 2025, respectively) 81,973 74,924
Current liabilities    
Account payables (including $64,169 and $64,580 of account payable to related party as of June 30, 2026 and December 31, 2025, respectively) 152,992 155,051
Director    
Current liabilities    
Amount due to director 51,878 70,687
Non-current liabilities    
Amount due to director – non-current portion $ 18,491