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CONCENTRATIONS OF RISK | 6 Months Ended
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Jun. 30, 2025
Risks and Uncertainties [Abstract] |
CONCENTRATIONS OF RISK | NOTE – 17 CONCENTRATIONS OF RISK The Company is exposed to the following concentrations of risk: SCHEDULE OF CONCENTRATION OF RISK (a) Major customers For the three and six months ended June 30, 2025 and 2024, respectively, the customers who accounted for 10% or more of the Company’s revenues and its outstanding receivable balances at period-end dates, are presented as follows:
|  | For the Three Months Ended |  |  |  |
|  | June 30, 2025 |  |  | June 30, 2025 |
|  |  |  |  | Percentage of |  |  | Accounts |
Customer |  | Revenue |  |  | revenues |  |  | receivable |
Customer A |  | $ | 247,699 |  |  |  | 24.94 | % |  | $ | — |
Customer B |  | $ | 300,000 |  |  |  | 30.21 | % |  | $ | — |
Customer C |  | $ | 250,000 |  |  |  | 25.18 | % |  | $ | — |
|  | For the Six Months Ended |  |  |  |
|  | June 30, 2025 |  |  | June 30, 2025 |
|  |  |  |  | Percentage of |  |  | Accounts |
Customer |  | Revenue |  |  | revenues |  |  | receivable |
Customer A |  | $ | 423,382 |  |  |  | 33.18 | % |  | $ | — |
Customer B |  | $ | 300,000 |  |  |  | 23.51 | % |  | $ | — |
Customer C |  | $ | 250,000 |  |  |  | 19.59 | % |  | $ | — |
|  | For the Three Months Ended |  |  |  |
|  | June 30, 2024 |  |  | June 30, 2024 |
|  |  |  |  | Percentage of |  |  | Accounts |
Customer |  | Revenue |  |  | revenues |  |  | receivable |
Customer A |  | $ | 53,710 |  |  |  | 9.93 | % |  | $ | — |
|  | For the Six Months Ended |  |  |  |
|  | June 30, 2024 |  |  | June 30, 2024 |
|  |  |  |  | Percentage of |  |  | Accounts |
Customer |  | Revenue |  |  | revenues |  |  | receivable |
Customer A |  | $ | 20,278 |  |  |  | 11.69 | % |  | $ | — |
(b) Credit risk Financial instruments that are potentially subject to credit risk consist principally of trade receivables. The Company believes the concentration of credit risk in its trade receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors affecting the credit risk of specific customers, historical trends and other information. (c) Exchange rate risk The reporting currency of the Company is US$, to date the majority of the revenues and costs are denominated in VND, SGD, CNY, IDR and MYR and a significant portion of the assets and liabilities are denominated in VND, SGD, CNY, IDR and MYR. As a result, the Company is exposed to foreign exchange risk as its revenues and results of operations may be affected by fluctuations in the exchange rate between US$ and VND, SGD, CNY, IDR and MYR. If VND, SGD, CNY, IDR and MYR depreciate against US$, the value of VND, SGD, CNY, IDR and MYR revenues and assets as expressed in US$ financial statements will decline. The Company does not hold any derivative or other financial instruments that expose to substantial market risk. (d) Economic and political risks The Company’s operations are conducted in the Republic of Vietnam. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the Vietnam, and by the general state of the Vietnam economy. The Company’s operations in the Vietnam and India are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in Vietnam and India, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (d)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482836/275-10-55-3A Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-2A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/275/tableOfContent + Details
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