| PROPERTY AND EQUIPMENT, NET |
NOTE
4 — PROPERTY AND EQUIPMENT, NET
The
components of property and equipment are as follows:
SCHEDULE OF PROPERTY AND EQUIPMENT, NET
| | |
Total | |
| September 30, 2026 | |
| | |
| Cost: | |
| | |
| Office Equipment | |
$ | 39,096 | |
| Furniture and Fittings | |
| 5,866 | |
| Kitchen Equipment | |
| 33,951 | |
| Other Operating Equipment | |
| 12,320 | |
| Leasehold Improvements | |
| 162,229 | |
| | |
| | |
| Accumulated Depreciation: | |
| | |
| Office equipment | |
$ | (31,898 | ) |
| Furniture and Fittings | |
| (3,422 | ) |
| Kitchen Equipment | |
| (17,349 | ) |
| Other Operating Equipment | |
| (5,427 | ) |
| Leasehold Improvements | |
| (89,924 | ) |
| | |
| | |
| Impairment: | |
| | |
| Office equipment | |
$ | (7,165 | ) |
| Furniture and Fittings | |
| (2,433 | ) |
| Kitchen Equipment | |
| (12,518 | ) |
| Other Operating Equipment | |
| (6,861 | ) |
| Leasehold Improvements | |
| (61,147 | ) |
| Add: Foreign currency translation adjustment | |
| (421 | ) |
| | |
| | |
| Total, net | |
$ | 14,897 | |
| | |
| | |
| December 31, 2025 | |
| | |
| Cost: | |
| | |
| Office Equipment | |
$ | 39,021 | |
| Furniture and Fittings | |
| 5,839 | |
| Kitchen Equipment | |
| 31,960 | |
| Other Operating Equipment | |
| 12,263 | |
| Leasehold Improvements | |
| 159,518 | |
| | |
| | |
| Accumulated Depreciation: | |
| | |
| Office equipment | |
$ | (31,856 | ) |
| Furniture and Fittings | |
| (3,406 | ) |
| Kitchen Equipment | |
| (15,655 | ) |
| Other Operating Equipment | |
| (5,402 | ) |
| Leasehold Improvements | |
| (83,005 | ) |
| | |
| | |
| Impairment: | |
| | |
| Office equipment | |
$ | (7,165 | ) |
| Furniture and Fittings | |
| (2,433 | ) |
| Kitchen Equipment | |
| (12,518 | ) |
| Other Operating Equipment | |
| (6,861 | ) |
| Leasehold Improvements | |
| (61,147 | ) |
| | |
| | |
| Total, net | |
$ | 19,153 | |
For
the three months ended September 30, 2026 and 2025, the Company recorded depreciation expenses of $2,255
and $16,219,
respectively. For the nine months ended September 30, 2026 and 2025, the Company recorded depreciation expenses of $6,392
and $22,881,
respectively. There was $0 and $17,638 impairment of property and equipment during the nine months ended September 30, 2026 and 2025.
|