v3.26.3
Related Party Transactions and Balances - Schedule of Amount Due to Related Parties (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
TP HK [Member]    
Schedule of Balances with Related Parties [Line Items]    
Amount due to related parties, current [1] $ 120,787 $ 113,498
Mr. Wellen Sham [Member]    
Schedule of Balances with Related Parties [Line Items]    
Amount due to related parties, current [2] 2,905,162 2,823,585
Amount due to related parties, non-current [2] 574,773
Ms. Ling Houng Sham [Member]    
Schedule of Balances with Related Parties [Line Items]    
Amount due to related parties, current [2] 342,652 330,751
FLFV Sponsor [Member]    
Schedule of Balances with Related Parties [Line Items]    
Amount due to related parties, current [3] 190,000 190,000
Related Party [Member]    
Schedule of Balances with Related Parties [Line Items]    
Amount due to related parties, current 3,558,601 3,457,834
Amount due to related parties, non-current $ 574,773
[1] The balance due to TP HK represented the payments made by TP HK on behalf of TP Holdings regarding the office rental fee and employee salary expenses. The balance is interest free and is repayable on demand.
[2] The balance due to Mr. Wellen Sham, including current and noncurrent, represented the promissory notes of $560,000 for extension of FLFV, promissory notes of $2,537,824 for the daily operation of the Company, other payable of $42,000 for payment of operating expenses on behalf of the Company and interest payable of $340,111. The promissory notes issued to Mr. Wellen Sham bear interest rates ranging between 8% and 10%. In June 2026, the Company and Mr. Wellen Sham entered into a loan extension agreement, pursuant to which Mr. Wellen Sham agreed to extend loans of $574,773 through April 2028. Accordingly, the loans of $574,773 were classified as “amount due to related parties, non-current” as of June 30, 2026. On May 29, 2026, the Company granted Mr. and Ms. Sham a first-priority security interest over substantially all of its assets – including the prepayment of approximately $13.1 million under the Forward Purchase Agreement, and pledged 100% of the shares of TP NEV. The balance due to Ms. Ling Houng Sham represented promissory notes of $300,000 for extension of FLFV and interest payable of $42,652. The promissory notes issued to Ms. Ling Houng Sham matured through June 2027 with interest rate of 8%.
[3] In May and June 2024, FLFV issued three promissory notes to the FLFV Sponsor in exchange for an aggregated loan of $190,000 from the FLFV Sponsor, among which $50,000 was payable on closing of the Business Combination, and $140,000 was payable on July 21, 2024. As of the date of these financial statements, the Company has not settled the promissory notes with FLFV Sponsor.