| SCHEDULE OF REVENUE AND SEGMENT INFORMATION |
SCHEDULE OF REVENUE AND SEGMENT INFORMATION
| | |
Direct
Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
For the year ended December 31, 2025 | |
| | |
Direct
Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
USD | | |
USD | | |
USD | | |
USD | |
| Logs | |
| 5,632,281 | | |
| - | | |
| - | | |
| 5,632,281 | |
| Flooring | |
| 7,524,361 | | |
| - | | |
| - | | |
| 7,524,361 | |
| Decking | |
| 1,157,385 | | |
| - | | |
| - | | |
| 1,157,385 | |
| Sawn timber | |
| 270,144 | | |
| - | | |
| - | | |
| 270,144 | |
| Revenue from external customers and segment revenue | |
| 14,584,171 | | |
| - | | |
| - | | |
| 14,584,171 | |
| | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| 3,214 | | |
| - | | |
| 40 | | |
| 3,254 | |
| Interest expenses | |
| 500,970 | | |
| - | | |
| 2,316 | | |
| 503,286 | |
| Depreciation/amortization | |
| 170,961 | | |
| - | | |
| 950 | | |
| 171,911 | |
| Reportable segment results | |
| (5,532,383 | ) | |
| - | | |
| (832,402 | ) | |
| (6,364,785 | ) |
| | |
Direct
Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
For the year ended December 31, 2024 | |
| | |
Direct
Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
USD | | |
USD | | |
USD | | |
USD | |
| Logs | |
| 12,160,350 | | |
| - | | |
| - | | |
| 12,160,350 | |
| Flooring | |
| 745,270 | | |
| - | | |
| - | | |
| 745,270 | |
| Decking | |
| 3,375,933 | | |
| - | | |
| - | | |
| 3,375,933 | |
| Sawn timber | |
| 52,862 | | |
| - | | |
| - | | |
| 52,862 | |
| Carbon credits | |
| 6,260 | | |
| - | | |
| - | | |
| 6,260 | |
| Revenue from external customers and segment revenue | |
| 16,340,575 | | |
| - | | |
| - | | |
| 16,340,575 | |
| | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| 13,173 | | |
| - | | |
| 188 | | |
| 13,361 | |
| Interest expenses | |
| 601,703 | | |
| - | | |
| 2,280 | | |
| 705,355 | |
| Depreciation/amortization | |
| 73,465 | | |
| - | | |
| 4,748 | | |
| 78,213 | |
| Reportable segment results | |
| (8,090 | ) | |
| - | | |
| (1,003,237 | ) | |
| (1,011,327 | ) |
| | |
Direct Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
For the year ended December 31, 2023 | |
| | |
Direct Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
USD | | |
USD | | |
USD | | |
USD | |
| Logs | |
| 10,024,248 | | |
| - | | |
| - | | |
| 10,024,248 | |
| Flooring | |
| 2,124,022 | | |
| - | | |
| - | | |
| 2,124,022 | |
| Decking | |
| 5,393,401 | | |
| - | | |
| - | | |
| 5,393,401 | |
| Sawn timber | |
| 131,800 | | |
| - | | |
| - | | |
| 131,800 | |
| Revenue from external customers and segment revenue | |
| 17,673,471 | | |
| - | | |
| - | | |
| 17,673,471 | |
| | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| 19,402 | | |
| - | | |
| 3,837 | | |
| 23,239 | |
| Interest expenses | |
| 575,742 | | |
| - | | |
| 687,367 | | |
| 1,263,110 | |
| Depreciation/amortization | |
| 118,514 | | |
| - | | |
| 8,741 | | |
| 127,255 | |
| Reportable segment results | |
| (207,401 | ) | |
| - | | |
| (545,680 | ) | |
| (753,081 | ) |
|
| SCHEDULE OF REPORTABLE SEGMENT ASSETS AND LIABILITIES |
SCHEDULE OF REPORTABLE SEGMENT ASSETS AND LIABILITIES
| |
(b) |
Reconciliation
of the reportable segment assets and liabilities |
| | |
Direct Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
As at December 31, 2025 | |
| | |
Direct Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
USD | | |
USD | | |
USD | | |
USD | |
| Reportable segment assets | |
| 14,035,272 | | |
| - | | |
| 343,100 | | |
| 14,378,372 | |
| | |
| | | |
| | | |
| | | |
| | |
| Reportable segment liabilities | |
| (9,290,872 | ) | |
| - | | |
| (1,316,649 | ) | |
| (10,607,521 | ) |
| | |
Direct Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
As at December 31, 2024 | |
| | |
Direct Purchase
and ODM | | |
Manufacturing | | |
Unallocated | | |
Total reportable
segment | |
| | |
USD | | |
USD | | |
USD | | |
USD | |
| Reportable segment assets | |
| 12,143,525 | | |
| 28,500,105 | | |
| 164,441 | | |
| 40,808,071 | |
| | |
| | | |
| | | |
| | | |
| | |
| Reportable segment liabilities | |
| (14,420,451 | ) | |
| (15,186,711 | ) | |
| (2,092,817 | ) | |
| (31,699,979 | ) |
|
| SCHEDULE OF REVENUES BY GEOGRAPHICAL LOCATIONS |
In
the following table, revenue is disaggregated by the geographical locations of customers and by the timing of revenue recognition.
SCHEDULE OF REVENUES BY GEOGRAPHICAL LOCATIONS
| | |
2025 | | |
2024 | | |
2023 | |
| | |
USD | | |
USD | | |
USD | |
| | |
| | |
| | |
| |
| Geographical locations: | |
| | | |
| | | |
| | |
| China | |
| 6,503,329 | | |
| 7,650,663 | | |
| 10,303,013 | |
| Europe | |
| 1,968,041 | | |
| 4,091,360 | | |
| 6,036,052 | |
| South America | |
| 16,089 | | |
| - | | |
| 895,851 | |
| North America | |
| 317,137 | | |
| 514,777 | | |
| 43,036 | |
| Asia | |
| 5,531,033 | | |
| 4,056,712 | | |
| 395,521 | |
| Africa | |
| 248,542 | | |
| 27,063 | | |
| - | |
| Total | |
| 14,584,171 | | |
| 16,340,575 | | |
| 17,673,473 | |
| | |
| | | |
| | | |
| | |
| Timing of revenue recognition: | |
| | | |
| | | |
| | |
| At a point in time | |
| 14,584,171 | | |
| 16,340,575 | | |
| 17,673,473 | |
|