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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

NOTE 11 — PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of December 31, 2024, and 2023:

SCHEDULE OF PROPERTY AND EQUIPMENT

	Cost		Accumulated Depreciation			Value as of December 31 2024		Cost		Accumulated Depreciation			Impairment			ERL spin off			Value as of December 31 2023
Land	$	—	$	—		$	—		1,486,718	$	—		$	(1,486,718	)		(1,495	)	$	—
Buildings		71,034		—			71,034		4,541,374		(1,289,314	)		(3,252,060	)		—			—
Leasehold property		—		—			—		5,136,738		(2,999,931	)		(2,134,654	)		—			2,153
Plant and machinery		—		—			—		149,422		(92,197	)		(55,690	)		(1,535	)		—
Furniture and fixtures		112,467		(103,146	)		9,321		662,706		(390,985	)		(108,736	)		(15,661	)		147,324
Motor vehicles		134,180		(113,614	)		20,566		400,756		(334,662	)		(12,808	)		(20,025	)		33,261
Office equipment		41,809		(23,828	)		17,981		100,106		(44,350	)		(7,975	)		(367	)		47,414
IT equipment		228,362		(207,417	)		20,945		143,141		(113,795	)		(3,589	)		(18,039	)		7,718
Computer equipment		216,350		(211,981	)		4,369		62,689		(45,343	)		—			8,810			26,156
Programs and textbooks		232,510		(222,331	)		10,179		16,594		(4,761	)		—			—			11,833
Spa equipment, curtains, crockery, glassware, and linen		317,438		(170,302	)		147,136		541,425		(253,873	)		(45,274	)		(61,386	)		180,892
	$	1,354,150	$	(1,052,619	)	$	301,531	$	13,243,164	$	(5,569,211	)	$	(7,107,504	)		(109,698	)	$	456,751

Reconciliation of property and equipment — 2024

	Opening Balance as of January 1, 2024		Adjustment			Additions		Disposals			Translation			Depreciation				Closing Balance as of December 31, 2024
Land	$	—	$	—		$	—	$	—		$	—		$	—		(1,495)	$	—
Buildings		—		140,132			—		(61,400	)		(7,698	)		—				71,034
Leasehold property		2,153		—			—		(2,153	)		—			—				—
Plant and machinery		—		—			—		—			—			—				—
Furniture and fixtures		147,324		(140,132	)		—		(5,015	)		7,380			(236	)			9,321
Motor vehicles		33,261		—			—		—			(3,128	)		(9,567	)			20,566
Office equipment		47,414		—			—		(27,340	)		(2,093	)		—				17,981
IT equipment		7,718		16,999			—		(5,727	)		11,454			(9,499	)			20,945
Computer equipment		26,156		(16,999	)		7,003		(1,725	)		(6,207	)		(3,861	)			4,369
Programs and textbooks		11,833		—			—		—			(1,654	)		—				10,179
Spa equipment, curtains, crockery, Glassware and linen		180,892		—			—		(6,913	)		(26,843	)		—				147,136
	$	456,751	$	—		$	7,003	$	(110,271	)	$	28,789		$	(23,163	)		$	301,531

Reconciliation of property and equipment — 2023

	Opening Balance as of January 1, 2023		Additions		Disposals			Translation			Depreciation			ERL Spin off			Closing Balance as of December 31, 2023
Land	$	—	$	1,495	$	—		$	—		$	—		$	(1,495	)	$	—
Buildings		—		—		—			—			—			-			—
Leasehold property		2,153		—		—			—			—			-			2,153
Plant and machinery		—		1,535		—			—			—			(1,535	)		—
Furniture and fixtures		152,837		19,692		(4,032	)		—			(5,512	)		(15,661	)		147,324
Motor vehicles		51,842		25,101		(5,076	)		(3,912	)		(14,670	)		(20,025	)		33,261
Office equipment		62,038		367		—			—			(14,624	)		(367	)		47,414
IT equipment		24,716		1,041		—			—			—			(18,039	)		7,718
Computer equipment		38,881		20,438		(11,410	)		—			(30,563	)		8,810			26,156
Programs and textbooks		16,594		—		—			—			(4,761	)		-			11,833
Spa equipment, curtains, crockery,		214,070		61,385		—			(7,940	)		(25,237	)		(61,386	)		180,892
glassware and linen
	$	563,131	$	131,054	$	(20,518	)	$	(11,852	)	$	(95,367	)	$	(109,697	)	$	456,751