v3.26.3
RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
SCHEDULE OF MAJOR RELATED PARTIES AND RELATIONSHIP

The following is a list of the major related parties and the relationship with the Company as of June 30, 2026 and 2025:

 

Name of the related parties  Relation with the Company
Maderic Holding Limited  Majority Shareholder of IEC
HFO Investment Group Ltd  Shareholder of IEC
Dr. Wirawan Jusuf  Director, Chairman of the Board and Chief Executive Officer
Frank C. Ingriselli  President
Chia Hsin “Charlie” Wu  Chief Technology Officer
Mirza F. Said  Chief Operating Officer and Director
James J. Huang  Chief Investment Officer and Director
Gregory L. Overholtzer  Chief Financial Officer
Chiu Chen-Chia  Shareholder of IEC
Chiu Chen-Ta  Shareholder of IEC
PT. Wiranusa Karana Mardika  An Entity Controlled by Dr. Wirawan Jusuf
SCHEDULE OF RELATED PARTY RENTAL EXPENSE

 

   June 30,   June 30, 
   2026   2025 
   (Unaudited)   (Unaudited) 
General and administrative expense  $37,766   $43,853 
Leasing operating expense   34,885    34,687 
Total  $72,651   $78,540 
SCHEDULE OF AMOUNT DUE TO RELATED PARTIES

As of June 30, 2026 and December 31, 2025, the amount due to related parties of the Company was listed as below:

 

   June 30,   December 31, 
Amount due to related parties  2026   2025 
   (Unaudited)   (Audited) 
PT. Wiranusa Karana Mardika  $1,335   $1,383 
Total  $1,335   $1,383