| Schedule of Bank Borrowings |
As of June 30, 2026 and December 31, 2025, bank borrowings consisted of the following: | | | | | | | | | Outstanding | | | | | | | | | | | principal amount | | | | | | | | | | | as of | | | Bank facility Provider | | Nature of
banking facility | | Tenor | | Amount of
banking facility | | June 30,
2026 | | | December 31,
2025 | | | | | | | | | | | (Unaudited) | | | (Audited) | | | Shanghai Commercial Bank (“SCB”) | | Revolving trade financing | | Maximum 120 days | | HK$35,000,000 (approximately $4,463,147) | | $ | 405,352 | | | $ | 960,135 | | | SCB | | Installment loan | | Fully repayable by March 27, 2037 in monthly installments. | | HK$33,545,132 (approximately $4,277,625) | | | 3,066,446 | | | | 3,200,106 | | | | | | | | | | | | 3,471,798 | | | | 4,160,241 | | | Less: non-current portion | | | | | | | | | (2,844,813 | ) | | | (2,986,935 | ) | | Bank borrowings, current | | | | | | | | $ | 626,985 | | | $ | 1,173,306 | |
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| Schedule of Remaining Contractual Maturities of the Bank Borrowings |
The table below summarizes the remaining contractual maturities of the bank borrowings as of June 30, 2026. The bank borrowings are categorized by the years in which repayments are due: | During the years ended June 30, | | | | | 2027 | | $ | 773,742 | | | 2028 | | | 368,390 | | | 2029 | | | 368,390 | | | 2030 | | | 368,390 | | | 2031 and after | | | 2,486,635 | | | Total repayments of bank loans | | | 4,365,547 | | | Less: imputed interest | | | (893,749 | ) | | Balance recognized as at June 30, 2026 | | $ | 3,471,798 | |
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