v3.26.3
CONCENTRATIONS OF RISK
 6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
CONCENTRATIONS OF RISK

 

12. CONCENTRATIONS OF RISK

 

The Company is exposed to the following concentrations of risk:

 

(a) Major customers

 

For the six months ended June 30, 2026, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows:

           
   Six months ended June 30, 2026    June 30, 2026
Customers  Revenues  Percentage
of revenues		    Accounts
receivable
                  
                  
Customer A  $2,977    100%     $1,133 
                  
Total:  $2,977    100%  Total:  $1,133 

 

For the six months ended June 30, 2025, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows:

            
   Six months ended June 30, 2025    June 30, 2025
Customers  Revenues  Percentage
of revenues		    Accounts
receivable
            
Customer B  $4,133    69%     $1,334 
Customer C   1,844    31%      – 
                  
Total:  $5,977    100%  Total:  $1,334 

 

(b) Major suppliers

 

For the six months ended June 30, 2026, the individual supplier who accounts for 10% or more of the Company’s cost of revenue and its outstanding payable balances as at period-end dates, are presented as follows:

            
   Six months ended June 30, 2026    June 30, 2026
Suppliers  Cost of revenue  Percentage
of cost of revenue		    Amount due to
related parties
            
Supplier C  $984    42%     $– 
Supplier D   427    18%      – 
Supplier E   281    12%      – 
                  
Total:  $1,692    72%  Total:  $– 

 

For the six months ended June 30, 2025, the individual supplier who accounts for 10% or more of the Company’s cost of revenue and its outstanding payable balances as at period-end dates, are presented as follows:

               
    Six months ended June 30, 2025     June 30, 2025
Suppliers   Cost of revenue   Percentage
of cost of revenue		    

Amount due to

related parties

               
Supplier A   $ 229,032       75%       $ 2,128,328  
Supplier B     57,461       19%         1,349,077  
                           
Total:   $ 286,493       94%   Total:   $ 3,477,405  

  

(c) Economic and political risk

 

The Company’s major operations are conducted in Malaysia. Accordingly, the political, economic, and legal environments in Malaysia, as well as the general state of Malaysia’s economy may influence the Company’s business, financial condition, and results of operations.

 

(d) Exchange rate risk

 

The Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of TAKA and MYR converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

 

(e) Concentration of credit risk

 

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains cash with various financial institutions in Malaysia. Cash are maintained with high credit quality institutions, the composition and maturities of which are regularly monitored by management. The Perbadanan Insurans Deposit Malaysia (“PIDM”) pays compensation up to a limit of RM250,000 if the bank with which an individual/a company hold its eligible deposit fails. As of June 30, 2026 and December 31, 2025, the Company did not have deposit funds that exceeded the insured limits in Malaysia.