v3.26.3
Income Tax (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Income Tax [Abstract]    
Schedule of Tax on Losses

Tax on losses have been calculated at the rates of tax prevailing in the countries/jurisdictions in which the Group operates.

 

    For the six months ended
June 30,
 
    2026     2025  
    US$     US$  
             
Current     11,262       14,515  
Deferred     1,195       -  
Total     12,457       14,515  
Tax on losses have been calculated at the rates of tax prevailing in the countries/jurisdictions in which the Group operates.
    2025     2024     2023  
    US$     US$     US$  
                   
Current     40,405       112,323       64,343  
Deferred (note 22)     -       (3,395 )     (1,360 )
                         
Income tax expense for the year     40,405       108,928       62,983  
Schedule of Loss Before Tax at the Statutory Tax Rate  

A reconciliation of the tax expense applicable to loss before tax at the statutory tax rate for the countries/jurisdictions in which the Group’s operations are domiciled to the tax expense at the Group’s effective tax rate is as follows:

 

    2025     2024     2023  
    US$     US$     US$  
                   
Loss before tax     (5,138,570 )     (37,678,411 )     (172,537,530 )
Tax credit at the domestic rates applicable to losses in the countries/jurisdictions where the Group operates     (635,969 )     (6,345,825 )     (3,809,856 )
Income not subject to tax     (327,277 )     (471,515 )     (180,380 )
Expenses not deductible for tax     205,402       881,506       636,813  
Tax losses and deductible temporary differences not recognized     1,718,716     5,955,248       3,645,841  
Tax losses and deductible temporary differences utilized from previous periods     (960,620 )     (12,983 )     (282,239 )
Others     40,153       102,497       52,804  
                         
Income tax expense     40,405       108,928       62,983