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DUE FROM RELATED PARTIES | 12 Months Ended
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Dec. 31, 2025
Due From Related Parties |
DUE FROM RELATED PARTIES | NOTE 8 — DUE FROM RELATED PARTIES Due from related parties as of December 31, 2025 and 2024 represents amounts receivable from related entities of the Company. These receivables are unsecured, non-interest bearing and repayable on demand. The short-term balances due from related parties are expected to be recoverable within one year. A significant portion of the balance relates to the seller of PIN. Management is currently in discussions with the seller to agree on a settlement arrangement for repayment of the receivable, which is expected to be settled during the first half of 2026. The original contractual maturity of the receivable was three years from the acquisition date of April 30, 2022, and therefore expired on April 30, 2025. Given the uncertainty regarding recoverability, management has recognized an impairment of these balances during the current year. SCHEDULE OF DUE FROM RELATED PARTIES
|  | 2025 |  |  | 2024 |
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
Due from related parties (Short term) |  |  |  |  |  |  |  |
Entrepreneur Resorts Limited |  |  | 266,408 |  |  |  | 32,782 |
BMV Finance |  |  | 2,194,646 |  |  |  | 2,042,586 |
Simon Zutshi |  |  | 1,543,956 |  |  |  | 1,391,747 |
BG3 Ltd. |  |  | 782,251 |  |  |  | 728,052 |
Zutshi LLP |  |  | 422,527 |  |  |  | 393,252 |
Vision1 Investments |  |  | 311,064 |  |  |  | 289,511 |
Crowd Property |  |  | 289,144 |  |  |  | 269,110 |
Throckley |  |  | 232,313 |  |  |  | 216,217 |
Property Mastermind International |  |  | 131,259 |  |  |  | 122,165 |
Others |  |  | 231,393 |  |  |  | 229,319 |
Total due from related parties (short term) |  | $ | 6,404,961 |  |  | $ | 5,714,741 |
Less: Impairment |  |  | (6,016,832 | ) |  |  | - |
Due from related parties (short term) |  | $ | 388,129 |  |  | $ | 5,714,741 |
The changes in the allowance for expected credit losses are as follows: SCHEDULE OF IMPAIRMENT CREDIT LOSSES
|  | 2025 |  |  | 2024 |
|  | For the Years Ended December 31, |
|  | 2025 |  |  | 2024 |
Balance at the beginning of the year |  | $ | - |  |  | $ | - |
Add: Additions |  |  | 6,016,832 |  |  |  | - |
Balance at the end of the year |  | $ | 6,016,832 |  |  | $ | - |

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