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LEASES (Tables)
6 Months Ended
Jun. 30, 2025
Leases  
SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES

The following table presents the operating lease related assets and liabilities recorded on The Company’s consolidated balance sheet.

 

  

June 30,

2025

  

December 31,

2024

 
    US$    US$ 
Right-of-use assets   79,443    238,330 
Impairment of right-of-use assets        
Right-of-use assets, net   79,443    238,330 
           
Operating lease liabilities – current   94,998    282,279 
Operating lease liabilities – non-current        
Total operating lease liabilities   94,998    282,279 

SCHEDULE OF OFFICE LEASE EXPENSE

The following table presents the components of the Company’s office lease expense for the six months ended June 30, 2025, 2024 and 2023, which are included in general and administrative on the unaudited interim consolidated statements of operations:

 

   2025   2024   2023 
   For the six months ended June 30, 
   2025   2024   2023 
   US$   US$   US$ 
Operating lease cost   164,002    172,955    180,861 
Variable lease cost            
Operating lease expense   164,002    172,955    180,861 
Short-term lease rent expense   4,357    8,671    25,980 
Total lease expense   168,359    181,626    206,841 

SCHEDULE OF MATURITY OPERATING LEASE LIABILITIES

The following table summarizes the maturity of operating lease liabilities as of June 30, 2025:

 

   US$ 
2025   96,198 
Total   96,198 
Less: imputed interest   (1,200)
Present value of lease liabilities   94,998