XML 35 R20.htm IDEA: XBRL DOCUMENT
v3.26.1

Lease Liabilities | 12 Months Ended
--- | ---
Dec. 31, 2025
Lease Liabilities [Abstract] |
LEASE LIABILITIES | NOTE 13 — LEASE LIABILITIES Lease liabilities consisted of the following:
|  | Term of |  | Annual interest |  |  | As of December 31, |
|  | repayments |  | rate |  |  | 2024 |  |  | 2025 |
|  |  |  |  |  |  | US$’000 |  |  | US$’000 |
Lease of offices |  | Within 2 years |  |  | 5.25 | % |  |  | 60 |  |  |  | 16 |
Total: |  |  |  |  |  |  |  |  | 60 |  |  |  | 16 |
Representing: – |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion |  |  |  |  |  |  |  |  | 42 |  |  |  | 16 |
Non-current portion |  |  |  |  |  |  |  |  | 18 |  |  |  | — |
|  |  |  |  |  |  |  |  | 60 |  |  |  | 16 |
On June 28, 2024, the Company entered into a new lease agreement with Wisecome Oil Pte Ltd, a related party, for office space with a lease term of two years. The lease liability is recognized based on the present value of future lease payments, discounted at an annual interest rate of 5.25%, which aligns with the Singapore Prime Lending Rate administered by the Monetary Authority of Singapore. The right-of-use assets obtained in exchange for new operating lease liabilities for the financial years ended December 31, 2023, 2024 and 2025 were nil, US$70,000 and nil.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration