| SCHEDULE OF LONG-TERM INVESTMENTS, NET |
Long-term
investments consisted of the following:
SCHEDULE OF LONG-TERM INVESTMENTS, NET
| | |
Ownership
interest | | |
June 30, 2026 | | |
Ownership
interest | | |
December 31,
2025 | |
| | |
As of | |
| | |
Ownership
interest | | |
June 30, 2026 | | |
Ownership
interest | | |
December 31,
2025 | |
| Equity method investment: | |
| | | |
| | | |
| | | |
| | |
| S T Meng Pte. Ltd. | |
| 19 | % | |
$ | 1,875,000 | | |
| 21 | % | |
$ | 1,875,000 | |
| Share of loss from equity investment | |
| | | |
| (334,119 | ) | |
| | | |
| (159,220 | ) |
| Loss on dilution of equity investment | |
| | | |
| (129,106 | ) | |
| | | |
| — | |
| Foreign currency translation | |
| | | |
| 11,499 | | |
| | | |
| (2,640 | ) |
| Equity method investment, net | |
| | | |
| 1,423,274 | | |
| | | |
| 1,713,140 | |
| | |
| | | |
| | | |
| | | |
| | |
| Long-term investment without readily determinable fair value: | |
| | | |
| | | |
| | | |
| | |
| Investment A | |
| 4 | % | |
| 100,444 | | |
| 4 | % | |
| 100,444 | |
| Less: accumulated impairment losses | |
| | | |
| (100,444 | ) | |
| | | |
| (100,444 | ) |
| Equity
method investment | |
| | | |
| — | | |
| | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Total | |
| | | |
$ | 1,423,274 | | |
| | | |
$ | 1,713,140 | |
|