v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Fair value measurements
(5)Fair value measurements

 

Book value and fair value of financial instruments

 

The difference between the carrying amount and fair value of the Group’s financial assets and liabilities as of June 30, 2026 and December 31, 2025 are insignificant.

Fair value hierarchy

 

All financial assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

 

●Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities

 

●Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable

 

●Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

 

Fair values of the Group’s financial assets and liabilities as of June 30, 2026 and December 31, 2025, which are accounted for at amortized cost, are categorized as Level 3.

 

Recurring transfer between levels of the fair value hierarchy

 

Fair value hierarchy classifications of the financial instruments that are measured at fair value level 3 as at June 30, 2026 and December 31, 2025 are as follows:

 

   June 30, 2026 
   Level 1   Level 2   Level 3   Total 
Recurring fair value measurements                
Financial liabilities at fair value through profit or loss  $
-
   $
-
   $
-
   $
-
 

 

   December 31, 2025 
   Level 1   Level 2   Level 3   Total 
Recurring fair value measurements                
Financial liabilities at fair value through profit or loss  $
-
   $
-
   $2,530,176   $2,530,176