v3.26.1
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

7.       PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following: 

      
  

June 30,

2026

 

December 31,

2025

At cost:          
Warehouse facilities  $3,238,218   $3,262,759 
Equipment   6,284    5,304 
Motor vehicle       39,011 
Property and equipment, gross   3,244,502    3,307,074 
Less: accumulated depreciation   (450,439)   (341,841)
Property and equipment, net  $2,794,063    2,965,233 

 

During the six months ended June 30, 2026, the Company sold a motor vehicle with its cost of $38,902 and accumulated depreciation of $24,853, for the proceeds of $19,200, resulting in a gain on disposal of property and equipment of $5,151.

 

Depreciation expense for the three months ended June 30, 2026 and 2025 were $67,866 and $57,785, respectively.

 

Depreciation expense for the six months ended June 30, 2026 and 2025 were $136,038 and $98,886, respectively.