| SCHEDULE OF INTANGIBLE ASSETS |
SCHEDULE
OF INTANGIBLE ASSETS
| | |
2026 | | |
2025 | |
| | |
As
of June 30, | |
| | |
2026 | | |
2025 | |
| Catalytic Biofraction
Process (1) | |
$ | 30,192,771 | | |
$ | 30,192,771 | |
| License
for the Catalytic Biofraction Process (2) | |
| 3,438,960 | | |
| 3,311,000 | |
| Intangible assets | |
$ | 33,631,731 | | |
$ | 33,503,771 | |
| |
(1) |
Proprietary intellectual
property (“IP”) with a carrying value of $30,192,771, consisting of proprietary trade secrets known as the “Catalytic
Biofraction Process.” The Company’s subsidiary, VRAP, is the beneficial and/or registered owner of the IP pursuant to the
Intellectual Property Transfer Agreement dated October 15, 2025 between Bio Resources Limited (“BRL”) and VRAP. |
| |
|
|
| |
(2) |
An exclusive license with
a carrying value of MYR 14,000,000 ($3,438,960), granted by VRAP to Verde Malaysia, providing the exclusive right to utilize the Catalytic
Biofraction Process within the state of Sabah, Malaysia. |
|