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Operating Leases
 12 Months Ended
Dec. 31, 2025
Operating Leases [Abstract]  
OPERATING LEASES
12.OPERATING LEASES

 

The Group entered into operating leases for use of office, central kitchen and restaurant premises in Malaysia.

 

The Group’s operating lease right-of-use assets and lease liabilities recognized in the consolidated balances sheets consisted of the following:

 

   As of December 31, 
   2024   2025 
Operating lease right-of-use assets  $3,487,694   $4,512,455 
Amortization of operating lease right-of-use assets   (2,741,494)   (2,936,940)
Operating lease right-of-use assets, net  $746,200   $1,575,515 
           
Operating lease liabilities, current  $656,536   $686,877 
Operating lease liabilities, non-current   186,286    901,781 
Total operating lease liabilities  $842,822   $1,588,658 
           
Weighted average remaining lease term (in years)   1.36    2.39 
Weighted average discount rate   7.40%   5.42%
Operating right-of-use assets obtained in exchange for operating lease liabilities   107,446    1,551,899 
Cash paid for operating leases   939,694    926,655 

 

A summary of lease cost recognized in the Group’s consolidated statements of operations and comprehensive income or loss was as follows:

 

   For the years ended December 31, 
   2023   2024   2025 
Operating leases expense excluding short-term lease expense  $1,191,571   $1,046,708   $911,687 
Short-term lease cost   4,581    1,275    209,840 
Total  $1,196,152   $1,047,983   $1,121,527 

 

The following is a schedule of future minimum payments under the current existing operating leases as of December 31, 2025:

 

For the years ending December 31,  Amount 
2026   753,071 
2027   603,508 
2028   336,657 
Total lease payments   1,693,236 
Less: imputed interest   (104,578)
Total operating lease liabilities  $1,588,658