| PREPAYMENTS |
SCHEDULE OF INVENTORIES
| | |
June 30, 2026 | | |
December 31,
2025 | |
| | |
USD | | |
USD | |
| | |
| | |
| |
| Finished goods | |
| 521,683 | | |
| 2,256,352 | |
| Spare parts for production | |
| 227,938 | | |
| 227,938 | |
| Total | |
| 749,621 | | |
| 2,484,290 | |
SUMMARY OF CURRENT AND NON-CURRENT PREPAYMENTS
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
USD | | |
USD | |
| Advance payments made for: | |
| | | |
| | |
| Purchase of flooring and decking products (Note 1) | |
| 3,687,140 | | |
| 4,809,834 | |
| Purchase of logs (Note 2) | |
| 147,536 | | |
| 147,536 | |
| Prepayment for financing activities | |
| 70,214 | | |
| - | |
| Others (Note 3) | |
| 155,598 | | |
| 210,992 | |
| Total | |
| 4,060,488 | | |
| 5,168,362 | |
| Less: Amounts to be utilized within 12 months shown under current assets | |
| (4,060,488 | ) | |
| (5,168,362 | ) |
| Amounts to be utilized after 12 months shown under non-current assets | |
| - | | |
| - | |
Notes:
| |
1. |
Included
in the prepayments, USD3.7 million (2025: USD4.8 million) was advanced for the purchase of flooring and decking products in order
to secure our supply chain of wood products to our customers. |
| |
|
|
| |
2. |
Included
in the prepayments, USD0.1 million (2025: USD0.1 million) was advanced for the purchase of logs in Peru to secure the raw materials
supply for our wood processing for production. |
| |
|
|
| |
3. |
Remaining
amounts of the prepayments were advance payments made to Group’s operating expenses. |
|