| Schedule of Disaggregates of Revenue |
The following table disaggregates
the Group’s total revenues by revenue streams:
| |
|
For
the years ended December 31, |
|
| |
|
2023 |
|
|
2024 |
|
|
2025 |
|
| By revenue type |
|
|
|
|
|
|
|
|
|
|
|
|
| Restaurant operations |
|
$ |
9,521,142 |
|
|
$ |
8,548,395 |
|
|
$ |
9,091,689 |
|
| Company-owned restaurant operations |
|
|
8,209,810 |
|
|
|
6,640,706 |
|
|
|
6,284,641 |
|
| Sales of food ingredients and condiments |
|
|
1,006,081 |
|
|
|
1,239,966 |
|
|
|
2,220,405 |
|
| Franchise licensing |
|
|
305,251 |
|
|
|
667,723 |
|
|
|
586,643 |
|
| Others |
|
|
253,896 |
|
|
|
366,949 |
|
|
|
497,982 |
|
| Total |
|
$ |
9,775,038 |
|
|
$ |
8,915,344 |
|
|
$ |
9,589,671 |
|
| |
|
For
the years ended December 31, |
|
| |
|
2023 |
|
|
2024 |
|
|
2025 |
|
| Timing of revenue recognition |
|
|
|
|
|
|
|
|
|
| At a point in time |
|
$ |
9,215,891 |
|
|
$ |
7,880,672 |
|
|
$ |
8,505,046 |
|
| Over time |
|
|
559,147 |
|
|
|
1,034,672 |
|
|
|
1,084,625 |
|
| Total |
|
$ |
9,775,038 |
|
|
$ |
8,915,344 |
|
|
$ |
9,589,671 |
|
|