RELATED PARTY TRANSACTIONS |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Related Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RELATED PARTY TRANSACTIONS | 15. RELATED PARTY TRANSACTIONS
From time to time, the directors of the Company advanced funds to the Company for capital expenditures and working capital purpose. Those temporary advances are unsecured, non-interest bearing and have no fixed terms of repayment.
Nature of relationships with related parties
Related party balances consisted of the following:
As at June 30, 2026 and December 31, 2025, these amounts due to director and shareholder represented the cash advances from these related parties to the Company for working capital purposes. These balances due are unsecured, interest free and repayable on demand.
Related party transactions consisted of the following:
In the ordinary course of business, during the periods presented, the Company has conducted certain transactions with related party, either at cost or current market price and under the normal commercial terms. The following table provides the transactions with these parties for the periods presented (for the portion of such period that they were considered related):
For the three months ended June 30, 2026 and 2025, the Company incurred and paid delivery service expenses of $0 and $14,226 to a related company.
For the six months ended June 30, 2026 and 2025, the Company incurred and paid delivery service expenses of $0 and $18,082 to a related company.
Apart from the transactions and balances detailed elsewhere in these accompanying unaudited condensed consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.
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