| PROPERTY, PLANT AND EQUIPMENT, NET |
NOTE
6 － PROPERTY, PLANT AND EQUIPMENT, NET
Property,
plant and equipment consisted of the following:
SCHEDULE OF PLANT AND EQUIPMENT
| | |
December
31, 2025 | | |
June
30, 2026 | |
| | |
As
of | |
| | |
December
31, 2025 | | |
June
30, 2026 | |
| At cost: | |
| | | |
| | |
| Leasehold improvements | |
$ | 1,265,243 | | |
$ | 1,003,778 | |
| Leasehold properties | |
| - | | |
| 1,183,737 | |
| Freehold land | |
| 2,794,950 | | |
| 2,695,340 | |
| Freehold buildings | |
| 2,681,984 | | |
| 2,586,399 | |
| Office equipment | |
| 350,335 | | |
| 342,084 | |
| Furniture and fixtures | |
| 1,234,330 | | |
| 1,726,566 | |
| Motor vehicles | |
| 74,935 | | |
| 72,265 | |
| Property
and equipment, gross | |
| 8,401,777 | | |
| 9,610,169 | |
| Less: accumulated depreciation | |
| (4,047,571 | ) | |
| (3,725,919 | ) |
| Property, plant and equipment, net | |
$ | 4,354,206 | | |
$ | 5,884,250 | |
Depreciation
expense for the six months ended June 30, 2025 and 2026 were $142,739 and $229,552, respectively.
|