v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 9,728,723 $ (474,101) $ 108,418
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of plant and equipment 188,109 19,502 31,173
Amortization of right-of-use assets 311,390 186,762 198,535
Loss on digital assets, fair value 332,480
Loss on financial assets 700,631
Amortisation of share-based compensation expense 53,583 33,334
Non cash discount on convertible notes 402,500
Provision of expected credit loss allowance 625
Interest expense 616,423 778,656 46,179
Impairment on receivable from agency 818,780
Loss on disposal of subsidiary 47,702
Waiver of related party balance (88,151)
Gain on lease modification (13,092)
Gain on promissory note (953,861)
Gain on bargain purchase (21,653,835)
Embedded derivative gain (456,731)
Legal and professional fee 27,320
(Gain on) Provision for income taxes (486,706)
Changes in operating assets and liabilities:      
Accounts receivable (117,285) (39,871) 1,166
Inventories (254,547) 45,451 (80,665)
Deposit and other receivables, net (110,436) (2,000,851) (448,266)
Amount due from agency (421,101)
Deferred issuance cost (116,250)
Accounts payable (519,684) 1,126,338 71,362
Accrued liabilities and other payables 211,161 (6,750,587) (51,167)
Contract liabilities 48,492 55,552 (1,352,231)
Operating lease liabilities (321,915) (204,846) (230,433)
Tax paid (11,746) 11,746
Net cash used in operating activities (10,926,056) (8,264,074) (1,766,135)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of plant and equipment (135,025) (53,045) (69,848)
Investment in financial asset (760,000)
Investment in digital assets (1,000,000)
Deposit paid for acquisition of land (4,614,749)
Acquisition of businesses (1,050,000)
Net cash used in investing activities (7,559,774) (53,045) (69,848)
CASH FLOWS FROM FINANCING ACTIVITIES      
Amount due from A SPAC I 140,000 (140,000)
Finance lease (6,446) (9,317)
Settlement of Promissory note (500,000)
Issuance of convertible notes, net 6,842,500 8,583,597
Issuance of shares under ELOC 12,620,496 192,308
Interest paid (26,206) (677,663) (24,704)
Amount with related parties (148,032) 508,738 1,863,206
Subscription receivable 204,000 127,564
Net cash provided by financing activities 18,992,758 8,675,790 1,881,493
Net increase/(decrease) in cash and cash equivalents 506,928 358,671 45,510
Effect of foreign currency translation on cash and cash equivalents (206,047) 44,965 (18,962)
Cash and cash equivalents, beginning of year 457,740 54,104 27,556
Cash and cash equivalents, end of year 758,621 457,740 54,104
Supplementary cash flow information:      
Taxes paid
Interest paid $ (26,206) $ (677,663) $ (24,704)