Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

LEASES

13.

LEASES

The Group as a lessee

The Group has lease contracts for offices premises and office equipment used in its operations. Leases of offices premises generally have lease periods of two to three years, while the office equipment generally have a lease term of five years. Generally, the Group is restricted from assigning and subleasing the leased assets outside the Group.

(a)

Right-of-use assets

The carrying amount of the Group’s right-of-use assets and the movements during the year are as follows:

		Office				Office
		premises				equipment				Total
		US$				US$				US$

At January 1, 2024			583,078				6,643				589,721
Remeasurement on lease modifications			884,288				-				884,288
Depreciation charge			(710,579	)			(1,424	)			(712,003	)
Exchange realignment			(18,231	)			32				(18,199	)

At December 31, 2024 and January 1, 2025			738,556				5,251				743,807
New lease for the year			431,238				2,826				434,064
Remeasurement on lease modifications			475,118				-				475,118
Depreciation charge			(740,856	)			(2,290	)			(743,146	)
Exchange realignment			24,602				(11	)			24,591

At December 31, 2025			928,658				5,776				934,434

(b)

Lease liabilities

The carrying amount of lease liabilities and the movements during the year are as follows:

		2025				2024
		US$				US$

Carrying amount at January 1			735,550				606,061
New leases			433,713				-
Remeasurement on lease modifications			472,236				866,795
Accretion of interest recognized during the year			53,629				23,700
Payments			(778,261	)			(745,592	)
Exchange realignment			25,097				(15,414	)

Carrying amount at December 31			941,964				735,550

Analyzed into:
Current portion			702,287				441,878
Non-current portion			239,677				293,672

The maturity analysis of lease liabilities is disclosed in note 30 to the financial statements.

(c)

The amounts recognized in profit or loss in relation to leases are as follows:

		2025				2024				2023
		US$				US$				US$

Interest on lease liabilities			53,629				23,700				48,363
Depreciation charge of right-of-use assets			743,146				712,003				743,956
Expense relating to short-term leases			11,002				11,126				42,931

Total amount recognized in profit or loss			807,777				746,829				835,250

(d)

The Group also had non-cash additions/lease modifications as follow:

		2025				2024				2023
			US$				US$				US$

Right-of-use assets			909,182				884,288				553,823
Lease liabilities			905,949				866,795				549,622

(e)

The total cash outflow for leases:

		2025				2024				2023
			US$				US$				US$

Total cash outflow for leases			789,264				756,718				822,202