v3.26.3
Financial Instruments (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Financial Instruments [Abstract]    
Schedule of Financial Assets

Financial assets

 

    June 30,
2026		     December 31,
2025		  
    US$     US$  
Financial asset designated at fair value through other comprehensive income     473,000       544,000  
Financial assets at amortized costs     44,971,381       50,811,553  
      45,444,381       51,355,553  

Financial assets

    2025     2024  
    US$     US$  
Financial asset designated at fair value through other comprehensive income     544,000       600,000  
Financial assets at amortized costs     50,811,553       56,884,196  
      51,355,553       57,484,196  
Schedule of Financial Liabilities

Financial liabilities

 

    June 30,
2026		     December 31,
2025		  
    US$     US$  
Financial liabilities at fair value through profit or loss     1,182,734       1,130,168  
Financial liabilities at amortized costs     28,391,220       31,985,951  
      29,573,954       33,116,119  

Financial liabilities

    2025     2024  
    US$     US$  
Financial liabilities at fair value through profit or loss     1,130,168       1,392,997  
Financial liabilities at amortized costs     31,985,951       27,403,211  
      33,116,119       28,796,208  
Schedule of Exchange Rates   As HK$ is pegged to US$, the directors of the Company anticipate that there will be no significant movements in the US$/HK$ exchange rates and the exposure on US$ will not be material.
      2025     2024  
      Increase/     Increase/     Increase/     Increase/  
      (decrease) in     (decrease)     (decrease) in     (decrease)  
      foreign     in loss     foreign     in loss  
      exchange rate     after tax     exchange rate     after tax  
            US$           US$  
SGD       3 %     (3,286,806 )     3 %     (1,527,154 )
        (3 )%     3,286,806       (3 )%     1,527,154  
TWD       3 %     (525,420 )     3 %     (500,404 )
        (3 )%     525,420       (3 )%     500,404  
MYR       3 %     (409,381 )     3 %     (196,365 )
        (3 )%     409,381       (3 )%     196,365  
PHP       3 %     (614,130 )     3 %     (635,994 )
        (3 )%     614,130       (3 )%     635,994  
THB       3 %     (331,282 )     3 %     (328,388 )
        (3 )%     331,282       (3 )%     328,388  
IDR       3 %     (182,744 )     3 %     (183,444 )
        (3 )%     182,744       (3 )%     183,444  
Schedule of Gross Carrying Amounts for Financial Assets  

The tables below show the credit quality and the maximum exposure to credit risk based on the Group’s credit policy, which is mainly based on past due information unless other information is available without undue cost or effort, and year-end staging classification as at December 31. The amounts presented are gross carrying amounts for financial assets.

 

    12-month
ECLs		     Lifetime ECLs        
                      Simplified        
    Stage 1     Stage 2     Stage 3     approach     Total  
    US$     US$     US$     US$     US$  
December 31, 2025                              
Accounts receivable*     -           -           -       18,864,241       18,864,241  
Contract assets*     -       -       -       17,898,042       17,898,042  
Financial assets included in deposits and other receivables                                        
- Normal**     695,539       -       -       -       695,539  
Pledged bank deposits                                        
- Low     185,146       -       -       -       185,146  
Cash and cash equivalents                                      
- Low     31,185,296       -       -       -       31,185,296  
      32,065,981       -       -       36,762,283       68,828,264  
December 31, 2024                                        
Accounts receivable*     -       -       -       13,644,371       13,644,371  
Contract assets*     -       -       -       11,825,444       11,825,444  
Financial assets included in deposits and other receivables                                        
- Normal**     639,444       -       -       -       639,444  
Pledged bank deposits                                        
- Low     185,336       -       -       -       185,336  
Cash and cash equivalents                                        
- Low     42,521,520       -       -       -       42,521,520  
      43,346,300       -       -       25,469,815       68,816,115  

  

* For accounts receivable and contract assets to which the Group applies the simplified approach for impairment, information is disclosed in notes 14 and 15 to the financial statements.

 

** The credit quality of financial assets included in deposits and other receivables is considered to be “normal” when it is not past due and there is no information indicating that the financials had a significant increase in credit risk since initial recognition. Otherwise, the credit quality of the financial assets is considered to be “doubtful”.
Schedule of Financial Liabilities  

The following table details the Group’s remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cashflows of financial liabilities based on the earliest date on which the Group can be required to pay. The table includes both interest and principal cash flows.

 

    Weighted                          
    average                          
    interest     Less than     1 - 5     Undiscounted     Carrying  
    rate     1 year     years     cash flows     amount  
    %     US$     US$     US$     US$  
As at December 31, 2025                              
Account and other payables     -       31,985,951       -       31,985,951       31,985,951  
Lease liabilities     6.04       735,426       252,658       988,084       941,964  
              32,721,377       252,658       32,974,035       32,927,915  

 

    Weighted                          
    average                          
    interest     Less than     1 - 5     Undiscounted     Carrying  
    rate     1 year     years     cash flows     amount  
    %     US$     US$     US$     US$  
As at December 31, 2024                              
Account and other payables     -       27,403,211       -       27,403,211       27,403,211  
Lease liabilities     5.89       469,930       304,338       774,268       735,550  
              27,873,141       304,338       28,177,479       28,438,761