v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,685,762 $ 1,748,051
Account receivables, net 1,245,284 1,105,953
Prepayment, deposits and other receivables 248,477 260,380
Contract assets 179,371 159,867
Tax assets 106,172 99,094
Total current assets 3,541,243 3,448,269
Non-current Assets    
Right-of-use assets, net 574,106 583,610
Property, plant and equipment, net 695,787 714,685
Investment in associates 8,196 8,250
Total non-current assets 1,278,089 1,306,545
TOTAL ASSETS 4,819,332 4,754,814
Current liabilities    
Accrued liabilities and other payables 501,977 502,712
Contract liabilities 1,009,322 734,475
Income tax payable 50,106 71,269
Finance lease liability – current portion 16,181 15,972
Operating lease liability – current portion 69,584 60,689
Total current liabilities 1,873,208 1,610,855
Non-current liabilities    
Finance lease liability – non-current portion 24,119 28,169
Operating lease liability – non-current portion 504,522 522,921
Deferred tax liabilities 8,230 8,212
Total non-current liabilities 536,871 577,793
TOTAL LIABILITIES 2,410,079 2,188,648
SHAREHOLDERS’ EQUITY    
Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common stock, $0.0001 par value; 600,000,000 shares authorized; 81,915,838 and 81,915,838 shares issued and outstanding as of March 31, 2026 and December 31, 2025 8,192 8,192
Additional paid-in capital 10,795,250 10,795,250
Accumulated other comprehensive loss (50,138) (58,383)
Accumulated deficit (8,277,505) (8,124,933)
Non-controlling interest (66,546) (53,960)
TOTAL SHAREHOLDERS’ EQUITY 2,409,253 2,566,166
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 4,819,332 4,754,814
Related Party    
Current assets    
Amount due from related parties (including $43,855 and $42,672 of amount due from associate as of March 31, 2026 and December 31, 2025, respectively) 76,177 74,924
Current liabilities    
Account payables (including $64,721 and $64,580 of account payable to related party as of March 31, 2026 and December 31, 2025, respectively) 155,203 155,051
Director    
Current liabilities    
Amount due to director 70,835 70,687
Non-current liabilities    
Amount due to director – non-current portion $ 18,491