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

RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)

v3.25.4
RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)
 12 Months Ended
Dec. 31, 2025
Right Of Use Asset And Lease Liability  
SCHEDULE OF CARRYING AMOUNTS OF RIGHT-OF-USE ASSETS

 

    Leasehold land     Leasehold buildings     Total  
As at 1 January 2025   $ —     $ —     $ —  
Additions     2,232,254       185,370       2,417,624  
Depreciation     (50,167 )     (51,731 )     (101,898 )
As at 31 December 2025   $ 2,182,087     $ 133,639     $ 2,315,726  

SCHEDULE OF RECOGNISED IN PROFIT OR LOSS

SCHEDULE OF RECOGNISED IN PROFIT OR LOSS

    2025     2024  
Depreciation of right of use assets   $ 101,898     $ —  
Interest expense on lease liabilities     79,939       —  
Total amount recognised in profit/loss   $ 181,837     $ —  
SCHEDULE OF MATURITY ANALYSIS OF LEASE LIABILITIES

The maturity analysis of lease liabilities is as follows:

 

    2025     2024  
    As of December 31,  
    2025     2024  
Within one year   $ 259,750     $ -  
Two to five years     1,237,967       -  
Thereafter     9,997,614       -  
Gross lease liabilities     11,495,331       -  
Less: Imputed interest     (9,194,995 )     -  
Lease liabilities   $ 2,300,336     $ -  
                 
Lease liabilities – Current   $ 234,169     $ -  
Lease liabilities - Non-Current     2,066,167       -  
Lease liabilities   $ 2,300,336     $ -