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INCOME TAX EXPENSE (Tables)
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
SCHEDULE OF RECONCILIATION OF INCOME TAXES AT THE STATUTORY RATE

The provision for income taxes consists of the following provisions (benefits):

  

   2025   2024   2023 
   Years ended December 31, 
   2025   2024   2023 
Current tax:               
Current tax on profits for the year  $18,990   $28,783    32,115 
Under provision in prior year   37    800    - 
Total Current tax   19,027    29,583    32,115 
Deferred income tax:               
Increase in deferred tax assets   235,111    2,329,636    - 
Increase (Decrease) in deferred tax liabilities   398,591   (4,611,291)   (1,110,801)
 Deferred income tax   633,702   (2,281,655)   (1,110,801)
Benefit/(Expense) from income taxes  $652,729  $(2,252,072)   (1,078,686)

 

The reconciliation of income taxes at the statutory rate of Singapore to the effective tax rates for the years ended December 31, 2025, 2024 and 2023 is as follows:

  

   2025   2024   2023 
   Year ended December 31, 
   2025   2024   2023 
Loss from continuing operations before provision for income taxes  $(54,804,596)  $(27,191,894)   (6,208,871)
Tax at the Singapore rate of 17%   (9,316,781)   (4,622,622)   (1,055,508)
Reconciling items:               
Permanent differences   7,391,963    297,800    (2,380,272)
Current period net operating losses not recognised as a deferred tax asset   4,255,321    6,187,916    1,600,731 
Rate differential – non-Singapore entities   (186,097)   (661,038)   (183,113)
Other deferred tax activity   -    (169,511)   939,476 
Utilisation of deferred tax assets   (185,021)   -    - 
Others   (1,306,656)   (3,284,617)   - 
Benefit/(Expense) from income taxes  $652,729  $(2,252,072)   (1,078,686)
SCHEDULE OF RECONCILIATION OF INCOME TAXES AT THE STATUTORY RATE

The reconciliation of income taxes at the statutory rate of Singapore to the effective tax rates for the years ended December 31, 2025, 2024 and 2023 is as follows:

  

   2025   2024   2023 
   Year ended December 31, 
   2025   2024   2023 
Loss from continuing operations before provision for income taxes  $(54,804,596)  $(27,191,894)   (6,208,871)
Tax at the Singapore rate of 17%   (9,316,781)   (4,622,622)   (1,055,508)
Reconciling items:               
Permanent differences   7,391,963    297,800    (2,380,272)
Current period net operating losses not recognised as a deferred tax asset   4,255,321    6,187,916    1,600,731 
Rate differential – non-Singapore entities   (186,097)   (661,038)   (183,113)
Other deferred tax activity   -    (169,511)   939,476 
Utilisation of deferred tax assets   (185,021)   -    - 
Others   (1,306,656)   (3,284,617)   - 
Benefit/(Expense) from income taxes  $652,729  $(2,252,072)   (1,078,686)