v3.26.3
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Before Income Tax Expense

The components of profit (loss) before income tax expense are summarized as follows:

 

    For the Six Months Ended
June 30,		  
    2026     2025  
Domestic (Cayman Islands)   $ (82,792,186 )   $ (472,115 )
Foreign (Malaysia)     (313,270 )     223,479  
Foreign (Hong Kong)     (1,022 )     -  
Foreign (Others)     30,078       (14,667 )
Total   $ (83,076,400 )   $ (263,303 )

The following table presents net of income taxes (refunds) paid, disaggregated by jurisdiction:

 

    For the Six Months Ended
June 30,		  
    2026     2025  
Domestic (Cayman Islands)   $ -     $ -  
Foreign (Malaysia)     (75,503 )     45,708  
Foreign (Hong Kong)     -       -  
Foreign (Others)     -       -  
Total   $ (75,503 )   $ 45,708  
Schedule of Reconciliation of the Statutory Tax Rate to the Effective Tax Rate

The following table presents net of income taxes (refunds) paid, disaggregated by jurisdiction:

 

    For the Six Months Ended
June 30,		  
    2026     2025  
Domestic (Cayman Islands)   $ -     $ -  
Foreign (Malaysia)     (75,503 )     45,708  
Foreign (Hong Kong)     -       -  
Foreign (Others)     -       -  
Total   $ (75,503 )   $ 45,708  
Schedule of Reconciliation of Actual Income Taxes

Below is a reconciliation of the statutory tax rate to the effective tax rate after the adoption of ASU 2023-09:

 

    For the Six Months Ended
June 30,		  
    2026     2025  
    Amount     Effective
Tax Rate		     Amount     Effective
Tax Rate		  
Loss before income tax expense   $ (83,076,400 )     -     $ (263,303 )     -  
Tax effect at the Malaysia corporate tax rates of 24%     (19,938,336 )     24.00 %     (63,193 )     24.00 %
Non-deductible expenditure     19,897,706       (23.95 )%     120,434       (45.74 )%
Income not subject to tax     (11,060 )     0.01 %     -       - %
Deferred tax assets not recognized     60,075       (0.07 )%     -       - %
Under provision in prior years     23,525       (0.03 )%     -       -  
Total income tax expense   $ 31,910       (0.04 )%   $ 57,241       (21.74 )%
Schedule of Net Deferred Tax Assets and Deferred Tax Liabilities and their Movements The effect of temporary differences that gave rise to net deferred tax assets and deferred tax liabilities and their movements were as follows:
    As of  
    June 30,
2026		     December 31,
2025		  
Allowance for credit losses   $ (156,565 )   $ (146,544 )
Accelerated tax depreciation     118,782       100,420  
Total   $ (37,783 )   $ (46,124 )