Operating Leases

12 Months Ended

Dec. 31, 2025

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