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RIGHT OF USE ASSET AND LEASE LIABILITY | 12 Months Ended
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Dec. 31, 2025
Right Of Use Asset And Lease Liability |
RIGHT OF USE ASSET AND LEASE LIABILITY | NOTE 13 — RIGHT OF USE ASSET AND LEASE LIABILITY The Company has lease contracts for land, buildings and motor vehicles. The Company’s obligations under these leases are secured by the lessor’s title to the leased assets. The Company is restricted from assigning and subleasing the leased assets. There are several lease contracts that include extension options which are further discussed below.
| a) | The carrying amounts of right-of-use assets are as follows:
SCHEDULE OF CARRYING AMOUNTS OF RIGHT-OF-USE ASSETS
|  | Leasehold land |  |  | Leasehold buildings |  |  | Total |
As at 1 January 2025 |  | $ | — |  |  | $ | — |  |  | $ | — |
Additions |  |  | 2,232,254 |  |  |  | 185,370 |  |  |  | 2,417,624 |
Depreciation |  |  | (50,167 | ) |  |  | (51,731 | ) |  |  | (101,898 | )
As at 31 December 2025 |  | $ | 2,182,087 |  |  | $ | 133,639 |  |  | $ | 2,315,726 |
| b) | Amounts recognised in profit or loss
SCHEDULE OF RECOGNISED IN PROFIT OR LOSS
|  | 2025 |  |  | 2024 |
Depreciation of right of use assets |  | $ | 101,898 |  |  | $ | — |
Interest expense on lease liabilities |  |  | 79,939 |  |  |  | — |
Total amount recognised in profit/loss |  | $ | 181,837 |  |  | $ | — |
| c) | Total cash outflow
The Company had total cash outflows for leases of US$138,902 (2024: Nil). Lease liabilities The maturity analysis of lease liabilities is as follows: SCHEDULE OF MATURITY ANALYSIS OF LEASE LIABILITIES
|  | 2025 |  |  | 2024 |
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
Within one year |  | $ | 259,750 |  |  | $ | - |
Two to five years |  |  | 1,237,967 |  |  |  | - |
Thereafter |  |  | 9,997,614 |  |  |  | - |
Gross lease liabilities |  |  | 11,495,331 |  |  |  | - |
Less: Imputed interest |  |  | (9,194,995 | ) |  |  | - |
Lease liabilities |  | $ | 2,300,336 |  |  | $ | - |
Lease liabilities – Current |  | $ | 234,169 |  |  | $ | - |
Lease liabilities - Non-Current |  |  | 2,066,167 |  |  |  | - |
Lease liabilities |  | $ | 2,300,336 |  |  | $ | - |
The weighted average discount rate utilized to calculate the present value of the lease liabilities was 11.30%. The average remaining life of the leases is 68.14.

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- References No definition available. + Details
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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2024-03-27 + Details
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