| Schedule of Property and Equipment |
|
Property
and equipment consisted of the following at December 31, 2025 and 2024 (in thousands):
Schedule of Property and Equipment
| | |
Lives in years | |
2025 | | |
2024 | |
| | |
| |
December 31, | |
| | |
Lives in years | |
2025 | | |
2024 | |
| Leasehold improvements | |
1 to 2 | |
$ | 138 | | |
$ | 6 | |
| Plant & Equipment | |
3 to 5 | |
| 1 | | |
| — | |
| Office equipment and furniture | |
3 to 5 | |
| 282 | | |
| 420 | |
| Property and equipment, gross | |
| |
| 421 | | |
| 427 | |
| Less: accumulated depreciation and amortization | |
| |
| (284 | ) | |
| (424 | ) |
| Property and equipment,
net | |
| |
$ | 137 | | |
$ | 3 | |
|
| Schedule of Property and Equipment |
Schedule of Property and Equipment
| | |
June
30, 2026 (USD) | | |
Dec
31, 2025 (USD) | |
| Freehold land | |
| 401,253 | | |
| 402,883 | |
| Building — net | |
| 2,596,718 | | |
| 2,638,829 | |
| Plant and machinery — net | |
| 1,394,978 | | |
| 1,461,536 | |
| Computer and office equipment — net | |
| 10,269 | | |
| 14,665 | |
| Air conditioners, furniture and fittings — net | |
| 391 | | |
| 484 | |
| Property and equipment, net — continuing operations | |
| 4,403,609 | | |
| 4,518,397 | |
|
Schedule of Property and Equipment
| | |
Note | |
2025 | | |
2024 | |
| | |
| |
(USD) | | |
(USD) | |
| Cost: | |
| |
| | | |
| | |
| Land | |
| |
| 402,883 | | |
| 365,570 | |
| Building | |
| |
| 3,155,999 | | |
| 2,863,705 | |
| Machinery | |
| |
| 2,455,818 | | |
| 2,228,372 | |
| Computer & office equipment | |
| |
| 64,280 | | |
| 51,730 | |
| Other assets | |
| |
| 4,188 | | |
| 3,340 | |
| Total cost | |
| |
| 6,083,168 | | |
| 5,512,717 | |
| Less: Accumulated depreciation: | |
| |
| | | |
| | |
| Building | |
| |
| (517,170 | ) | |
| (411,998 | ) |
| Machinery | |
| |
| (994,282 | ) | |
| (791,695 | ) |
| Other assets | |
| |
| (53,319 | ) | |
| (41,496 | ) |
| Total depreciation | |
| |
| (1,564,771 | ) | |
| (1,245,189 | ) |
| | |
| |
| | | |
| | |
| Property and equipment, net | |
| |
| 4,518,397 | | |
| 4,267,528 | |
|