TRADE AND OTHER RECEIVABLES, NET (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Trade And Other Receivables Net |
|
| SCHEDULE OF TRADE AND OTHER RECEIVABLES |
SCHEDULE OF TRADE AND OTHER RECEIVABLES
| | |
2025 | | |
2024 | |
| | |
USD | | |
USD | |
| | |
| | |
| |
| Trade receivables – contracts with customers | |
| 3,015,429 | | |
| 1,638,529 | |
| Less: Allowance for credit losses | |
| (893,848 | ) | |
| (167,177 | ) |
| Trade receivables, net | |
| 2,121,581 | | |
| 1,471,352 | |
| | |
| | | |
| | |
| Other receivables | |
| 2,296,947 | | |
| 2,695,154 | |
| Less: Allowance for credit losses | |
| (162,498 | ) | |
| - | |
| Other receivables, net | |
| 2,134,449 | | |
| 2,695,154 | |
| Total | |
| 4,256,030 | | |
| 4,166,506 | |
| | |
| | | |
| | |
| Movement in the above allowance for credit losses of trade receivables: | |
| | | |
| | |
| Beginning balance | |
| 167,177 | | |
| 483,153 | |
| Disposal of subsidiaries | |
| (80,865 | ) | |
| - | |
| Charged (Credited) for the year | |
| 807,536 | | |
| (315,976 | ) |
| Ending balance | |
| 893,848 | | |
| 167,177 | |
| | |
| | | |
| | |
| Movement in the above allowance for credit losses of other receivables: | |
| | | |
| | |
| Beginning balance | |
| - | | |
| - | |
| Disposal of subsidiaries | |
| (589,907 | ) | |
| | |
| Charged (Credited) for the year | |
| 752,405 | | |
| - | |
| Ending balance | |
| 162,498 | | |
| - | |
|
| SCHEDULE OF CREDIT PERIOD FOR CUSTOMERS |
The
normal credit period for customers is ranging from 30 to 90 days. No interest is charged on the outstanding balances.
SCHEDULE
OF CREDIT PERIOD FOR CUSTOMERS
| | |
2025 | | |
2024 | |
| | |
USD | | |
USD | |
| | |
| | |
| |
| Not past due | |
| 2,366 | | |
| 136,006 | |
| Past due | |
| 3,013,063 | | |
| 1,502,523 | |
| Gross trade receivables | |
| 3,013,063 | | |
| 1,502,523 | |
| Less: Allowance for credit losses | |
| (893,848 | ) | |
| (167,177 | ) |
| Net trade receivables | |
| 2,121,581 | | |
| 1,471,352 | |
|
| SCHEDULE OF AGED ANALYSIS OF TRADE RECEIVABLES |
The
following is an aged analysis of trade receivables, net of allowance for credit losses, presented based on past due date:
SCHEDULE
OF AGED ANALYSIS OF TRADE RECEIVABLES
| | |
2025 | | |
2024 | |
| | |
USD | | |
USD | |
| | |
| | |
| |
| < 30 days | |
| 1,301,733 | | |
| 90,551 | |
| 31 days to 60 days | |
| 114,081 | | |
| 192,595 | |
| 61 days to 90 days | |
| 75,978 | | |
| 29,999 | |
| 91 days to 180 days | |
| 310,093 | | |
| 417,648 | |
| 181 days to 365 days | |
| 317,330 | | |
| 604,553 | |
| More than 1 year | |
| - | | |
| - | |
| Total | |
| 2,119,215 | | |
| 1,335,346 | |
|