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Schedule of borrowings (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Broker-Dealer [Abstract]    
Short-term borrowings [1] $ 7,551,296 $ 7,565,887
Long-term borrowings [2] 3,677,066 3,684,171
Less: current maturities (3,677,066) (3,684,171)
Non-current maturities
Promissory note 8,900,000 8,900,000
Total Borrowings $ 20,128,362 $ 20,150,058
[1] As of March 31, 2025, and December 31, 2024, the Company had several unsecured short-term loans from independent third parties which were repayable within one year and charged interest rates ranging from Nil to 24.0% and Nil to 24.0% per annum, respectively. As of March 31, 2025, and December 31, 2024, the weighted average interest rate of these borrowings was 13.7% and 13.7% per annum, respectively. The borrowings are denominated in Hong Kong Dollar (“HK$”) and United States Dollar (“US$”).
[2] As of March 31, 2025, the Company obtained several unsecured long-term loans for two to five years. Interest rates ranged from 12.0% to 15.0% per annum, respectively. As of March 31, 2025, the weighted average interest rate of these borrowings was 12.6% per annum. The borrowings are denominated in HK$ and US$.