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Consolidated Statements of Cash Flow - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income/(loss) after tax $ (4,463,000) $ 1,028,000 $ 1,152,000
Depreciation of property and equipment [1] 11,000 24,000
Amortization of right-of-use assets 44,000 57,000 43,000
Gain on disposal of property (177,000)
Interest expense 7,000 178,000 23,000
Fair value gain on derivative financial instruments (21,000)
Change in working capital:      
Accounts receivable, net (4,880,000) (16,806,000) 2,716,000
Deposits, prepayments and other receivables 573,000 (540,000) 24,000
Accounts payable 3,147,000 17,067,000
Other payables 180,000
Accrued liabilities 187,000 (25,000) (44,000)
Lease liabilities (44,000) (62,000) (47,000)
Income tax payable 9,000 (119,000) 200,000
Interest paid (5,000) (20,000)
Net cash provided by/ (used in) operating activities (5,245,000) 612,000 4,050,000
Cash flows from investing activities:      
Derivative financial instruments 103,000 (78,000) (107,000)
Proceeds from disposal of property 957,000
Amount due from shareholder 57,000 (327,000) (81,000)
Net cash (used in)/ provided by investing activities 160,000 552,000 (188,000)
Cash flows from financing activities:      
Amount due to related party (175,000)
Purchase of property and equipment (1,000)
Repayment of loan (1,000,000)
Payment of offering costs (1,321,000)
Proceed from issuance of stock 4,536,000
Dividend paid (4,745,000) (1,500,000)
Net cash (used in)/ provided by financing activities 3,535,000 (6,066,000) (1,675,000)
Net change in cash and cash equivalents (1,550,000) (4,902,000) 2,187,000
BEGINNING OF FINANCIAL YEAR 3,343,000 8,245,000 6,058,000
END OF FINANCIAL YEAR 1,793,000 3,343,000 8,245,000
Supplemental Cash Flow Information:      
Cash paid for income taxes (127,000) (219,000) (25,000)
Cash paid for interest (7,000) (3,000) (23,000)
Supplemental schedule of noncash financing activities      
Loan from shareholder 5,000,000
Dividend payable $ (5,000,000)
[1] — Denotes amount less than US$1,000.