v3.26.3
REVENUE AND SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Notes and other explanatory information [abstract]  
REVENUE AND SEGMENT INFORMATION

 

3 REVENUE AND SEGMENT INFORMATION

 

The Group is currently organized into one operating divisions – Direct Purchase and Original Design Manufacturer (“ODM”) Services. This segment is the basis on which the Group reports its primary segment information to the chief operating decision maker. The business nature of this segment was disclosed as follows:

 

Direct Purchase and ODM Segment – being the business of sourcing of live wood and owning designed design on wood products for sales to end customers.

 

 

Segment information of these businesses is presented below:

 

  (a) Reconciliation of the reportable segment revenue, profit or loss

 

   Direct
Purchase
and ODM		   Unallocated   Total reportable
segment		 
   For the period ended June 30, 2026 
   Direct
Purchase
and ODM		   Unallocated   Total reportable
segment		 
   USD   USD   USD 
Logs   2,254,727    -    2,254,727 
Flooring   404,717    -    404,717 
Decking   213,999    -    213,999 
Sawn timber   88,913    -    88,913 
Revenue from external customers and segment revenue   2,962,356    -    2,962,356 
                
Interest income   123    -    123 
Interest expenses   146,693    2,121    148,814 
Depreciation/amortization   91,353    -    91,353 
Reportable segment results   (1,548,675)   (189,496)   (1,738,171)

 

   Direct
Purchase
and ODM		   Unallocated   Total reportable
segment		 
   For the period ended June 30, 2025 
   Direct
Purchase
and ODM		   Unallocated   Total reportable
segment		 
   USD   USD   USD 
Logs   4,330,490    -    4,330,490 
Flooring   3,153,667    -    3,153,667 
Decking   663,971    -    663,971 
Revenue from external customers and segment revenue   8,148,128    -    8,148,128 
                
Interest income   2,817    5    2,822 
Interest expenses   275,375    1,018    276,393 
Depreciation/amortization   43,886    -    43,886 
Reportable segment results   (454,821)   (45,425)   (500,246)

 

  (b) Reconciliation of the reportable segment assets and liabilities

 

   Direct Purchase
and ODM		   Unallocated   Total reportable
segment		 
   As at June 30, 2026 
   Direct Purchase
and ODM		   Unallocated   Total reportable
segment		 
   USD   USD   USD 
Reportable segment assets   8,352,774    158,274    8,511,048 
                
Reportable segment liabilities   (5,184,995)   (1,494,458)   (6,679,453)

 

   Direct Purchase
and ODM		   Unallocated   Total reportable
segment		 
   As at December 31, 2025 
   Direct Purchase
and ODM		   Unallocated   Total reportable
segment		 
   USD   USD   USD 
Reportable segment assets   14,035,272    343,100    14,378,372 
                
Reportable segment liabilities   (9,290,872)   (1,316,649)   (10,607,521)

 

 

  (c) Disaggregation of revenue from contracts with customers

 

In the following table, revenue is disaggregated by the geographical locations of customers and by the timing of revenue recognition.

 

   2026   2025 
   For the period ended June 30 
   2026   2025 
   USD   USD 
         
Geographical locations:          
China   2,179,496    3,470,774 
Europe   298,117    1,170,780 
North America   85,489    23,539 
Asia   371,780    3,483,035 
Africa   27,474    - 
Total   2,962,356    8,148,128 
           
Timing of revenue recognition:          
At a point in time   2,962,356    8,148,128 

 

Information about major customers is disclosed in note 22 (d).