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

Nature of relationships with related parties:

 

Name of related party   Relationship with the Company
New Century International Homes Pte. Ltd.   Controlling shareholder
Golden Hill Capital Pte. Ltd. (“GHC”)   Major shareholder
Golden Hill Capital Ltd.   Indirect major shareholder
Gruppo 8 S.R.L.   Entity controlled by two common controlling beneficial shareholders
H.T.L. Furniture, Inc.   Entity controlled by two common controlling beneficial shareholders
Corium Italia S.R.L.   Entity controlled by two common controlling beneficial shareholders
HTL Global Pte. Ltd.   Entity controlled by two common controlling beneficial shareholders
New Century Trading (India) Private Limited   Entity controlled by two common controlling beneficial shareholders
HTL Furniture (China) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
HTL Furniture (Changshu) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
HTL Furniture (Kunshan) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
HTL Furniture (Yangzhou) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
HTL Furniture (Huaian) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
HTL Furniture Vietnam Company Limited.   Entity controlled by two common controlling beneficial shareholders
HTL Product Design (Kunshan) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
HTL Import/Export Trading (Kunshan) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
New Century Sofa India Private Limited   Entity controlled by two common controlling beneficial shareholders
Trends Leather (Yangzhou) Co., Ltd.   Entity controlled by two common controlling beneficial shareholders
HTL Middle East Furniture LLC   Entity controlled by two common controlling beneficial shareholders
New Century Overseas Investments Pte. Ltd.   Entity controlled by two common controlling beneficial shareholders
New Century Home Pte. Ltd.   Entity controlled by two common controlling beneficial shareholders
SCHEDULE OF RELATED PARTY BALANCES

Related party balances consisted of the following:

 

              
        As of 
Name  Nature    December 31,2025   June 30,2026 
Gruppo 8 S.R.L.  Accounts receivable – related parties (a)  $101,783   $- 
Corium Italia S.R.L.  Accounts receivable – related parties (a)   154,660    - 
Trends Leather (Yangzhou) Co., Ltd.  Accounts receivable – related parties (a)   5,507,066    - 
Accounts receivables        $ 5,763,509    $ -  
                
HTL Global Pte. Ltd.  Amount due from related party (b)  $2,708,435   $- 
New Century International Homes Pte. Ltd.  Amount due from related party (b)   1,571,817    - 
Golden Hill Capital Pte. Ltd.  Amount due from related party (b)   2,745,840     - 
Amounts due from related parties       $7,026,092   $- 
                
HTL Furniture (China) Co., Ltd.  Accounts payable – related parties (c)  $4,587,578   $6,225,310 
HTL Furniture (Changshu) Co., Ltd.  Accounts payable – related parties (c)   32,088,012    24,708,054 
HTL Furniture (Kunshan) Co., Ltd.  Accounts payable – related parties (c)   16,747,618    13,583,247 
HTL Furniture (Huaian) Co., Ltd.  Accounts payable – related parties (c)   8,173,680    4,991,897 
HTL Import/Export Trading (Kunshan) Co., Ltd.  Accounts payable – related parties (c)   176,533    109,325 
HTL Furniture Vietnam Company Limited.  Accounts payable – related parties (c)   12,017,175    12,469,427 
HTL Furniture (Yangzhou) Co., Ltd.  Accounts payable – related parties (c)   85,458    69,570 
HTL Product Design (Kunshan) Co., Ltd.  Accounts payable – related parties (c)   845,404    1,064,707 
HTL Middle East Furniture LLC  Accounts payable – related parties (c)   29,900    22,573 
Corium Italia S.R.L.  Accounts payable – related parties (c)   45,215     2,282  
Gruppo 8 S.R.L.  Accounts payable – related parties (c)   94,416    78 
New Century Trading (India) Private Limited  Accounts payable – related parties (c)   -     55,036 
New Century Sofa India Private Limited  Accounts payable – related parties (c)   -     447,209 
Trends Leather (Yangzhou) Co., Ltd.  Accounts payable – related parties (c)   -    492 
Accounts payable        $74,890,989   $63,749,207 

 

(a)Accounts receivable due from related parties represented trade receivables from the sale of goods with the Company in the normal course of business, which are unsecured, interest-free and grant with credit terms ranging from 60 to 90 days from the issue date of invoice.
(b)These balances represented non-trade temporary advances made by the Company, which are unsecured, interest-free and repayable on demand.
(c)Accounts payable due to related parties represented trade payables from the purchase of goods by the Company in the normal course of business, which are unsecured, interest-free and repayable on demand.
SCHEDULE OF RELATED PARTY TRANSACTIONS

  

            
   Six months ended June 30, 
Name of related parties  Nature  2025　   2026　 
            
H.T.L. Furniture, Inc.  Sale of Sofa  $58,521   $63,320 
New Century Trading (India) Private Limited  Sale of Sofa   1,491,502    811,627 
Trends Leather (Yangzhou) Co., Ltd.  Sale of leather  9,106,919   6,697,933 
Revenues     $10,656,942   $7,572,880 
              
Gruppo 8 S.R.L.  Purchase of goods   585,175    - 
HTL Furniture (Huaian) Co., Ltd.  Purchase of goods   5,056,779    5,685,121 
HTL Furniture (Changshu) Co., Ltd.  Purchase of goods   40,378,968    41,393,853 
HTL Furniture (China) Co., Ltd.  Purchase of goods   51,541,144    56,306,447 
HTL Furniture (Kunshan) Co., Ltd.  Purchase of goods   13,726,028    13,407,373 
HTL Furniture Vietnam Company Limited.  Purchase of goods   6,922,039    16,049,743 
HTL Import/Export Trading (Kunshan) Co. Ltd.  Purchase of goods   281,230    176,669 
New Century Sofa India Private Limited  Purchase of goods   4,813,224    3,548,280 
Trends Leather (Yangzhou) Co., Ltd.  Purchase of sample leather   543    493 
Payables     $123,305,130   $136,567,979 
              
Gruppo 8 S.R.L.  Commission income   40,590    - 
HTL Global Pte. Ltd.  Commission income   14,344    - 
Other income      $54,934    $- 
              
H.T.L. Furniture, Inc.  Commission expense  $1,076,116   $1,439,903 
New Century Trading (India) Private Limited  Commission expense   119,364    176,372 
H.T.L. Furniture Inc.  Service fee   350,844    269,769 
Other expense      $1,546,324    $ 1,886,044 
HTL Product Design (Kunshan) Co., Ltd.  Professional fee  $2,576,325   $2,357,625 
HTL Import/Export Trading (Kunshan) Co., Ltd.  Professional fee  $139,249   $697,377 
HTL Furniture (Yangzhou) Co., Ltd.  Professional fee  $93,604   $392,861 
 Professional fee     $2,809,178  $3,447,863 
              
HTL Global Pte. Ltd.  Recharge of costs  $4,567   $- 
              
HTL Middle East Furniture LLC  Recharge of costs  $47,992   $78,825 
              
New Century Trading (India) Private Limited  Recharge of costs  $-   $- 
Recharge of costs     $ 52,559    $ 78,825  
              
H.T.L. Furniture, Inc.  Showroom expense  $100,000   $100,000 
              
New Century International Homes Pte Ltd  Office rental income  $2,283   $2,360  
New Century Trading (India) Private Limited  Ocean Freight recharge  $(2,341)  $84,000 
H.T.L. Furniture, Inc.  Customers’ Claims  $-   $20,763 
              
HTL Global Pte. Ltd.  Management fees  $2,489   $- 
             
H.T.L. Furniture, Inc.  Management fees  -   55,117