| Schedule of Accounts Receivables |
Accounts
receivables consisted of the following (in $000s):
Schedule
of Accounts Receivables
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Accounts receivables, gross | |
| 1,614 | | |
| 1,704 | |
| Allowance for doubtful debt | |
| (540 | ) | |
| (447 | ) |
| Total accounts receivable, net | |
$ | 1,074 | | |
$ | 1,257 | |
|
The
following is a summary of accounts receivable at December 31, 2025 and 2024 (in thousands):
Schedule
of Accounts Receivables
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Accounts receivables | |
| 1,257 | | |
| — | |
| Accounts receivable gross | |
| | | |
| | |
| Allowance for doubtful debt | |
| | | |
| | |
| Total accounts receivables | |
$ | 1,257 | | |
$ | — | |
|
| Schedule of Accounts Receivables |
Schedule of Accounts Receivables
| | |
June
30, 2026 (USD) | | |
Dec
31, 2025 (USD) | |
| Trade receivables, gross | |
| 258,005 | | |
| 602,579 | |
| Less: Allowance for expected credit losses | |
| - | | |
| (312,455 | ) |
| Trade receivables, net | |
| 258,005 | | |
| 290,124 | |
| Other receivables | |
| 9,810 | | |
| 9,850 | |
| Refundable deposits | |
| 20,460 | | |
| 20,542 | |
| Prepayments | |
| 4,418 | | |
| - | |
| Total accounts receivable, net | |
| 292,693 | | |
| 320,516 | |
|
Schedule of Accounts Receivables
| | |
Note | |
2025 | | |
2024 | |
| | |
| |
(USD) | | |
(USD) | |
| Trade receivables, gross | |
| |
| 602,579 | | |
| 538,423 | |
| Less: Accumulated impairment | |
| |
| (312,455 | ) | |
| (251,199 | ) |
| Trade receivables, net | |
| |
| 290,124 | | |
| 287,224 | |
| | |
| |
| | | |
| | |
| Other receivables | |
| |
| 9,850 | | |
| 17,875 | |
| Refundable deposits | |
| |
| 20,542 | | |
| 18,488 | |
| Total accounts receivable, net | |
| |
| 320,516 | | |
| 323,587 | |
| | |
| |
| | | |
| | |
| Movement in accumulated impairment: | |
| |
| | | |
| | |
| Opening balance | |
| |
| 251,199 | | |
| 213,421 | |
| Charge for the year | |
| |
| 35,616 | | |
| 32,318 | |
| Foreign exchange translation | |
| |
| 25,640 | | |
| 5,460 | |
| Closing balance | |
| |
| 312,455 | | |
| 251,199 | |
|