v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases  
SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES

The following table presents the operating lease related assets and liabilities recorded on the Company’s consolidated balance sheet.

 

  

June 30,

2026

  

December

31, 2025

 
   US$   US$ 
Right-of-use assets   829,066    989,530 
Impairment of right-of-use assets   —    — 
Right-of-use assets, net   829,066    989,530 
           
Operating lease liabilities – current   346,192    270,497 
Operating lease liabilities – non-current   603,367    780,603 
Total operating lease liabilities   949,559    1,051,100 
SCHEDULE OF OFFICE LEASE EXPENSE

The following table presents the components of the Company’s office lease expense for the three and six months ended June 30, 2026 and 2025, which are included in general and administrative expenses on the consolidated statements of operations:

 

   2026   2025   2026   2025 
  

For the three months ended

June 30,

  

For the six months ended

June 30,

 
   2026   2025   2026   2025 
Operating lease cost   92,794    81,417    186,219    164,002 
Variable lease cost   —    —    —    — 
Operating lease expense   92,794    81,417    186,219    164,002 
Short-term lease rent expense   30,024    —    66,546    4,357 
Total lease expense  $122,818   $81,417   $252,765   $168,359 
SCHEDULE OF MATURITY OPERATING LEASE LIABILITIES

The following table summarizes the maturity of operating lease liabilities as of June 30, 2026:

 

    US$  
2026     190,944  
2027     390,640  
2028     400,406  
2029     33,435  
Total     1,015,425  
Less: imputed interest     (65,866 )
Present value of lease liabilities     949,559