v3.26.1
Equity Method Investment
 6 Months Ended
Jun. 30, 2026
Equity Method Investment [Abstract]  
Equity method investment
(12)Equity method investment

 

Details of investment under the equity method are as follows:

 

         June 30, 2026   December 31, 2025 
   Location  Main business  Ownership   Book value   Ownership   Book value 
Taction Co., LTD   Korea   Software development   33.0%  $
-
    33.3%  $
-
 

 

The summarized financial information of investment under the equity method as of the closing date and for the current period is as follows:

 

   As of and for the year ended December 31, 2025 
                   Comprehensive 
     Assets     Liabilities     Revenue     Net loss     loss 
Taction Co., LTD  $48,123   $21,203   $
-
   $(12,958)  $(12,958)

 

There is no equity method valuation applied on investments in associate for the six-months ended June 30, 2026 or 2025.

 

Taction Co., Ltd. was incorporated to engage in software development and IT consulting. As no practical plan to generate revenue and maintain going-concern basis in the foreseeable future was provided, the Parent recognized impairment loss amounting to acquisition cost.