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Income Tax (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following:

		Financial Years ended December 31,
		2023				2024				2025
		US$’000				US$’000				US$’000
Income tax expense			225				98				136
Income tax payable			246				127				136

Schedule of Reconciliation of Income Tax Rate to the Effective Income Tax Rate Based on Income Before Income Taxes

The reconciliation of income tax rate to the effective income tax rate based on income/(loss) before income taxes for the financial years ended December 31, 2023, 2024 and 2025 are as follows:

		Financial Years ended December 31,
		2023								2024								2025
		US$’000								US$’000				Effective Tax rate				US$’000				Effective Tax rate
Income/(loss) before tax			1,377								1,126								(4,327	)
Tax at Singapore statutory rate of 17%			234				17.00	%			191				17.00	%			(736	)			17.00	%
Non-deductible expenditure			4				0.29	%			2				0.18	%			910				(21.03	)%
Income not subject to tax			—				—				(30	)			(2.66	)%			—				—
Effect of foreign tax rates			—				—				—				—				(3	)			0.07	%
Over provision in prior years			—				—				(24	)			(2.13	)%			—				—
Tax rebate			—				—				(28	)			(2.49	)%			(22	)			0.51	%
Others			(13	)			(0.94	)%			(13	)			(1.15	)%			(13	)			0.30	%
Total			225				(16.35	)%			98				8.75	%			136				(3.15	)%

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- References

No definition available.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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