v3.26.3
Property and equipment - CubeBio Co., Ltd. [Member]
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Entity Information [Line Items]    
Property and equipment  

13. Property and equipment

 

A. Reconciliation of carrying amount

 

Details of property and equipment as of December 31, 2025 and 2024 are as follows:

 

                                   
        December 31, 2025  
        Cost     Accumulated
depreciation		     Accumulated
impairment
losses		     Carrying
Amount		  
          (In thousands of Korean won)  
Machinery   ₩     745,246       (444,954 )     -       300,292  
Vehicles         64,547       (25,104 )     -       39,443  
Office equipment         65,768       (61,458 )     -       4,310  
Furniture and fixtures         287,040       (287,030 )     -       10  
Total   ₩     1,162,601       (818,546 )     -       344,055  

 

        December 31, 2024  
        Cost     Accumulated
depreciation		     Accumulated
impairment
losses		     Carrying
Amount		  
          (In thousands of Korean won)  
Machinery   ₩     1,848,286       (887,341 )     (601,792 )     359,153  
Vehicles         64,547       (12,195 )     -       52,352  
Office equipment         65,768       (56,447 )     -       9,321  
Furniture and fixtures         287,040       (287,030 )     -       10  
Total   ₩     2,265,641       (1,243,013 )     (601,792 )     420,836  

 

Details of the changes in property and equipment for the year ended December 31, 2025 and 2024 are as follows:

 

                                           
        2025  
        Machinery     Vehicles     Office equipment     Furniture and fixture     Total  
        (In thousands of Korean won)  
Beginning balance   ₩     359,153       52,352       9,321       10       420,836  
Acquisitions         7,960       -       -       -       7,960  
Depreciation         (66,821 )     (12,909 )     (5,011 )     -       (84,741 )
Impairment loss                                 -       -  
Disposals /Removals                                 -       -  
Ending balance   ₩     300,292       39,443       4,310       10       344,055  

 

                                             
        2024  
        Machinery     Vehicles     Office equipment     Furniture and fixture     Total  
        (In thousands of Korean won)  
Beginning balance   ₩     1,115,413       23,435       13,060       10       1,151,918  
Acquisitions         36,870       35,851       1,494       -       74,215  
Depreciation         (185,266 )     (6,934 )     (5,232 )     -       (197,432 )
Impairment loss         (601,791 )     -       -       -       (601,791 )
Disposals /Removals         (6,073 )     -       (1 )     -       (6,074 )
Ending balance   ₩     359,153       52,352       9,321       10       420,836  

 

 

The classification of depreciation expenses in the statements of comprehensive income for the years ended December 31, 2025 and 2024 is as follows:

 

           
    2025     2024  
    (In thousands of Korean won)  
Selling, general and administrative expenses     84,741       197,432  

 
Property and equipment

9. Property and equipment

 

A. Reconciliation of carrying amount

 

Details of property and equipment as of June 30, 2026 and December 31, 2025 are as follows:

 

                                   
        June 30, 2026  
        Cost     Accumulated
depreciation		     Accumulated
impairment losses		     Carrying
Amount		  
          (In thousands of Korean won)  
Machinery   ₩     736,246       (468,587 )     -       267,659  
Vehicles         64,547       (31,559 )     -       32,988  
Office equipment         65,768       (62,814 )     -       2,954  
Furniture and fixtures         287,040       (287,030 )     -       10  
Total   ₩     1,153,601       (849,990 )     -       303,611  

 

        December 31, 2025  
        Cost     Accumulated
depreciation		     Accumulated
impairment losses		     Carrying
Amount		  
          (In thousands of Korean won)  
Machinery   ₩     745,246       (444,954 )     -       300,292  
Vehicles         64,547       (25,104 )     -       39,443  
Office equipment         65,768       (61,458 )     -       4,310  
Furniture and fixtures         287,040       (287,030 )     -       10  
Total   ₩     1,162,601       (818,546 )     -       344,055  

 

Details of the changes in property and equipment for the six-month periods ended June 30, 2026 and 2025 are as follows:

 

                                           
        Six-month period ended June 30, 2026  
        Machinery     Vehicles     Office equipment     Furniture and fixture     Total  
        (In thousands of Korean won)  
Beginning balance   ₩     300,292       39,443       4,310       10       344,055  
Depreciation         (32,258 )     (6,455 )     (1,356 )     -       (40,069 )
Disposals/Removals         (375 )     -       -      -       (375 )
Ending balance   ₩     267,659       32,988       2,954       10       303,611  

 

        Six-month period ended June 30, 2025  
        Machinery     Vehicles     Office equipment     Furniture and fixture     Total  
        (In thousands of Korean won)  
Beginning balance   ₩     359,153       52,352       9,321       10       420,836  
Acquisitions         7,960       -       -       -       7,960  
Depreciation         (41,726 )     (6,455 )     (2,725 )     -       (50,906 )
Ending balance   ₩     325,387       45,897       6,596       10       377,890  

 

The classification of depreciation expenses in the statements of comprehensive income for the six-month periods ended June 30, 2026 and 2025 is as follows:

 

                   
        Six-month
period ended
June 30,
2026		     Six-month
period ended
June 30,
2025		  
        (In thousands of Korean won)  
Selling, general and administrative expenses   ₩     7,611       7,811  
Research and development costs         32,458       43,095  
Total   ₩     40,069       50,906