| Schedule of Residual Value Rate and Useful Life of Property, Plant and Equipment |
The
estimated useful lives of property, plant and equipment are as follows:
Schedule of Residual Value Rate and Useful Life of Property, Plant and Equipment
| Property,
Plant and Equipment |
|
Useful
Life |
| Dry-docking
expenditures |
|
2.5
years from the date of dry dock |
| Furniture
and fittings |
|
5
– 10 years |
| Leased
property |
|
Over
the life of the lease |
| Leasehold
improvements |
|
5
–10 years |
| Motor
vehicles |
|
5
years |
| Real
properties |
|
40
years |
| Shipping
tools, equipment and computers |
|
2
– 10 years |
| Vessels |
|
9
– 25 years |
|
| Schedule of Goodwill |
Schedule of Goodwill
| | |
June
30, 2026 | | |
June
30, 2025 | | |
December
31, 2024 | | |
December
31, 2023 | |
| | |
For the Year Ended | | |
For the Six Months Ended | | |
For the Years Ended | |
| | |
June
30, 2026 | | |
June
30, 2025 | | |
December
31, 2024 | | |
December
31, 2023 | |
| Acquisition of TMDF | |
$ | - | | |
$ | - | | |
$ | 1,129 | | |
$ | - | |
| Impairment of goodwill in relation to TMDF | |
| - | | |
| - | | |
| (1,129 | ) | |
| - | |
| Balance as of June 30,
2025 | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
|
| Schedule of Revenue By Reportable Segments |
Schedule of Revenue By Reportable Segments
| | |
| | |
| | |
|
|
|
|
| |
| | |
For the Year Ended | | |
For the Six Months Ended | | |
For the Years Ended | |
| | |
June
30, 2026 | | |
June
30, 2025 | | |
December 31,
2024 | | |
December 31,
2023 | |
| Revenue | |
$ | 545,035,182 | | |
$ | 276,340,120 | | |
$ | 688,607,542 | | |
$ | 633,079,773 | |
| Cost of revenue | |
| (541,923,460 | ) | |
| (272,356,649 | ) | |
| (672,562,832 | ) | |
| (620,989,960 | ) |
| Selling and marketing expenses | |
| (721,732 | ) | |
| (38,067 | ) | |
| (39,664 | ) | |
| (101,302 | ) |
| General and administrative expenses | |
| (10,437,305 | ) | |
| (3,330,264 | ) | |
| (5,249,099 | ) | |
| (5,127,137 | ) |
| Depreciation expenses | |
| (4,865,218 | ) | |
| (2,558,809 | ) | |
| (4,758,014 | ) | |
| (4,257,189 | ) |
| Other (expenses) income | |
| (6,227,639 | ) | |
| (2,577,706 | ) | |
| (3,952,786 | ) | |
| 354,527 | |
| Net (loss) income of single operating segment | |
$ | (19,140,172 | ) | |
$ | (4,521,375 | ) | |
$ | 2,045,147 | | |
$ | 2,958,712 | |
|