Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

CASH AND CASH EQUIVALENTS

v3.25.4
CASH AND CASH EQUIVALENTS
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
CASH AND CASH EQUIVALENTS

NOTE 5 — CASH AND CASH EQUIVALENTS

 

 SCHEDULE OF CASH AND CASH EQUIVALENTS

    2025     2024  
    As of December 31,  
    2025     2024  
             
Not restricted in use   $ 2,222,988     $ 1,614,933  
Cash Pledged for bank facilities     200,000       -  
Total   $ 2,422,988     $ 1,614,933  

 

The amount of not restricted in use of US$2,222,988 is represented as Cash and cash equivalent on the consolidated balance sheet.

 

Cash pledge for bank facilities pertains to restricted bank balances that include security deposits for bill payables which represented as short term deposit on the consolidated balance sheet.

 

The rate of interest for the cash on term bank deposits range from 3.150% per annum.

 

The bank balances of the Group include placement of deposits with HSBC Bank of US$200,000.