v3.26.1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of components of the income tax provision
The components of the income tax provision were as follows:
For the six months ended June 30,
202520262026
HK$HK$ US$
(Unaudited)(Unaudited)(Unaudited)
Current tax:
Hong Kong- 15,628 1,993 
Total current tax- 15,628 1,993 
Deferred tax:
Hong Kong(211,956)(6,336)(808)
Total deferred tax(211,956)(6,336)(808)
Income tax (benefit) expense(211,956)9,292 1,185 
Schedule of reconciliation of statutory income tax rate
The reconciliation of statutory income tax rate to our effective income tax rate was as follows:
For the six months ended June 30,
202520262026
HK$ HK$ US$
(Unaudited)(Unaudited)(Unaudited)
Loss before income taxes(13,907,320)(2,128,960,827)(271,481,870)
Hong Kong Profits Tax rate16.5%16.5%16.5%
Income taxes computed at Hong Kong Profits Tax rate(2,294,708)(351,278,537)(44,794,509)
Reconciling items:
Tax effect of income that is not taxable(2,133)(132,200)(16,858)
Tax effect of expenses that are not deductible 33,375 56,172 7,163 
The effect of tax rates in different tax jurisdictions1,611,660 350,556,431 44,702,428 
Research and development credit (1)(605,417)- - 
Change in valuation allowance1,045,140 808,056 103,042 
Tax credits(168)(3,000)(383)
Others295 2,370 302 
Income tax (benefit) expense(211,956)9,292 1,185