v3.26.1
Plant, property and Equipment, Net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Plant, property and Equipment, Net

Note 5 – Plant, property and Equipment, Net

 

As of June 30, 2026 and 2025, Plant, property and equipment consisted of the following:

 

  

As of

June 30, 2026

  

As of

December 31, 2025

 
Computer and office equipment  $195,442   $195,826 
Decoration and renovation   43,400    43,400 
Property plant and equipment gross   238,842    239,226 
Less: accumulated depreciation   (214,833)   (217,284)
Property plant and equipment net  $24,009   $21,942 

 

On October 1, 2025, Nova Malaysia abandoned its entire fixed assets of 819,649 Malaysia Ringgit ($191,466) without cash consideration.

 

On June 23, 2026, the Company acquired computers for $6,352 in equivalent to SGD 8,115 for office use. During six and three months ended June 30, 2026, DBO disposed office equipment for $2,615.

 

Depreciation expense was $4,204 and $30,717 for the six months ended June 30, 2026 and 2025, respectively; and $1,062 and $14,881 for the three months ended June 30, 2026 and 2025, respectively.