| Leases |
Operating Lease Liabilities As of June 30, 2026, the Company has operating lease agreements for its hostel and office equipment and with remaining lease terms of 1 to 49 months. These leases have original terms not exceeding 5 years. Information pertaining to right of use assets is summarized as follows: | | | As of | | | | | June 30,
2026 | | | December 31,
2025 | | | Hostel and office equipment | | $ | 122,189 | | | $ | 77,120 | | | Less: Accumulated amortization | | | (24,492 | ) | | | (5,625 | ) | | Right of use assets, net | | $ | 97,697 | | | $ | 71,495 | | The Company recognized the following total lease cost related to the Company’s lease arrangements: | | | For the Six Months Ended
June 30, | | | Operating lease cost: | | 2026 | | | 2025 | | | Operating lease | | $ | 20,426 | | | $ | 20,309 | | | Expenses relating to short-term leases | | | 24,640 | | | | 10,842 | | | Total lease cost | | $ | 45,066 | | | $ | 31,151 | | As of June 30, 2026, the present value of the net minimum lease payments are as follows: | Future Minimum Lease Payments | | | Operating
Leases | | 2027 | | $ | 60,276 | | 2028 | | | 39,489 | | 2029 | | | 720 | | 2030 | | | 522 | | 2031 | | | 31 | | Total remaining lease payments (undiscounted) | | | 101,038 | | Less imputed interest | | | (2,769) | | Present value of lease liabilities | | $ | 98,269 | Other information related to leases for the six months ended June 30, 2026 and year ended December 31, 2025. | | | As of | | | | | June 30,
2026 | | | December 31,
2025 | | | Weighted-average remaining lease term - operating leases | | | 2.18 years | | | | 2.71 years | | | Weighted-average discount rate - operating leases | | | 3.35 | % | | | 3.35 | % | | Right of use assets obtained in exchange for new operating lease liabilities | | $ | 45,560 | | | $ | 74,310 | | | Cash paid for amounts included in the measurement of lease liabilities – operating cash flow from operating leases | | $ | (18,515 | ) | | $ | (40,882 | ) | Finance Lease Liabilities The Company acquired motor vehicles under a hire purchase financing arrangement for a total of $0 and $27,120 for the six months ended June 30, 2026 and year ended December 31, 2025, respectively. | | | As of | | | | | June 30,
2026 | | | December 31,
2025 | | | Finance lease liabilities | | $ | 100,907 | | | $ | 131,097 | | | Less Finance lease liabilities – current | | | (57,702 | ) | | | (59,172 | ) | | Finance lease liabilities – non-current | | $ | 43,205 | | | $ | 71,925 | | As of June 30, 2026, the net minimum lease payments are as follows: | Year Ended June 30, | | Leases
Payment | | | 2027 | | | 62,744 | | | 2028 | | | 31,690 | | | 2029 | | | 7,826 | | | 2030 | | | 3,189 | | | | | | 105,449 | | | Less imputed interest | | | (4,542 | ) | | Finance lease liabilities | | $ | 100,907 | | | Finance lease liabilities – current | | $ | 57,702 | | | Finance lease liabilities – non-current | | $ | 43,205 | |
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