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

OTHER RECEIVABLES

v3.25.4
OTHER RECEIVABLES
 12 Months Ended
Dec. 31, 2025
Trade and other receivables [abstract]  
OTHER RECEIVABLES

NOTE 7 — OTHER RECEIVABLES

 

SCHEDULE OF OTHER RECEIVABLES 

    2025     2024  
    As of December 31,  
    2025     2024  
             
Other receivables (Short term)                
GST receivable   $ 14,009     $ 13,620  
Amount due from Prime Source LLP     106,400       106,400  
Due from the prior owners of UAV     1,613,859       1,613,859  
Others     13       7,297  
Other receivables (short term)   $ 1,734,281     $ 1,741,176  
                 
Other receivables (Long term)                
PJ Finn   $ 798,320     $ 743,007  
Richard Evans     16,137       15,018  
Other Receivables (long term)   $ 814,457     $ 758,025  
Total Other Receivables    $ 2,548,738     $ 2,499,201  

 

 

The other receivables (long term) are recoverable after one year from the balance sheet date. Included within this balance is a receivable due from PJ Finn, which has a contractual repayment date in 2029. Management remains in regular contact with the counterparty and continues to monitor the receivable to ensure compliance with the agreed repayment terms.