FINANCIAL INSTRUMENTS (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Notes and other explanatory information [abstract] |
|
| SCHEDULE OF FINANCIAL INSTRUMENTS |
The
following table sets out the financial instruments as at the end of the reporting period:
SCHEDULE
OF FINANCIAL INSTRUMENTS
| | |
June 30, 2026 | | |
December 31,
2025 | |
| | |
| USD | | |
| USD | |
| Financial assets | |
| | | |
| | |
| At amortized cost | |
| 3,211,029 | | |
| 5,476,025 | |
| Financial
assets at amortized cost | |
| 3,211,029 | | |
| 5,476,025 | |
| | |
| | | |
| | |
| Financial liabilities | |
| | | |
| | |
| At amortized cost | |
| (6,326,897 | ) | |
| (9,548,383 | ) |
| Financial
liabilities at amortized cost | |
| (6,326,897 | ) | |
| (9,548,383 | ) |
|
| SCHEDULE OF REMAINING CONTRACTUAL MATURITY FOR NON-DERIVATIVE FINANCIAL LIABILITIES |
SCHEDULE OF REMAINING CONTRACTUAL MATURITY FOR NON-DERIVATIVE FINANCIAL LIABILITIES
| | |
On
demand or
within 1 year | | |
1 to 2
years | | |
2 to 5
years | | |
Total | |
| | |
USD | | |
USD | | |
USD | | |
USD | |
| | |
| | |
| | |
| | |
| |
| June 30, 2026 | |
| | | |
| | | |
| | | |
| | |
| Trade payables | |
| 1,113,658 | | |
| - | | |
| - | | |
| 1,113,658 | |
| Other payables | |
| 648,926 | | |
| - | | |
| - | | |
| 648,926 | |
| Bank borrowings | |
| 3,527,965 | | |
| - | | |
| - | | |
| 3,527,965 | |
| Other borrowings | |
| 412,698 | | |
| 77,152 | | |
| - | | |
| 489,850 | |
| Amounts due to an ultimate beneficial shareholder | |
| 473,260 | | |
| - | | |
| - | | |
| 473,260 | |
| Lease liabilities | |
| 34,644 | | |
| 32,571 | | |
| 8,566 | | |
| 75,781 | |
| Total | |
| 6,211,151 | | |
| 109,723 | | |
| 8,566 | | |
| 6,329,440 | |
|
| SCHEDULE OF DEBT TO EQUITY RATIO |
SCHEDULE
OF DEBT TO EQUITY RATIO
| | |
June 30, 2026 | | |
December 31,
2025 | |
| | |
USD | | |
USD | |
| | |
| | |
| |
| Total debts | |
| 6,679,453 | | |
| 10,607,521 | |
| Total equity attributable to owners of the Company | |
| 1,832,609 | | |
| 3,770,851 | |
| | |
| | | |
| | |
| Debt-to-equity % | |
| 364 | | |
| 281 | |
|
| SCHEDULE OF CONCENTRATIONS |
The
following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue:
SCHEDULE
OF CONCENTRATIONS
| | |
For the period ended June 30, 2026 | |
| | |
USD | | |
% | |
| | |
| | |
| |
| Amount of the Group’s revenue: | |
| 2,962,356 | | |
| 100.0 | |
| Customer A | |
| 729,568 | | |
| 24.6 | |
| Customer B | |
| 619,896 | | |
| 20.9 | |
| Customer C | |
| 371,780 | | |
| 12.6 | |
The
following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:
| | |
For the period ended June 30, 2026 | |
| | |
USD | | |
% | |
| | |
| | |
| |
| Amount of the Group’s accounts receivable: | |
| 2,106,330 | | |
| 100.0 | |
| Customer A | |
| 1,790,701 | | |
| 85.0 | |
|