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v3.25.4

Credit facilities (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of long-term bank loans | Outstanding balances on long-term bank loans consist of the following: Schedule of long-term bank loans
Bank Name |  | Repayment terms |  | Interest Rate |  |  | Collateral/ Guarantee |  | As of June 30, 2025 |  |  | As of December 31, 2024 |
|  |  |  |  |  |  |  |  | US$ |  |  | US$ |
United Overseas Bank Limited |  | Due monthly beginning in June 2022 to April 2026 |  |  | 3.00 | % |  | Guaranteed by the Company’s shareholders |  |  | 376,174 |  |  |  | 547,547 |
The Development Bank of Singapore Limited |  | Due monthly beginning in September 2020 to August 2025 |  |  | 2.50 | % |  | Guaranteed by the Company’s shareholders |  |  | 20,755 |  |  |  | 79,042 |
DBS Bank Ltd |  | Due monthly beginning in March 2024 to Feb 2028 |  |  | 7.75 | % |  | Guaranteed by the Company’s shareholders |  |  | 50,791 |  |  |  | 55,784 |
Total long-term loans – bank |  |  |  |  |  |  |  |  |  |  | 447,720 |  |  |  | 682,373 |
Less: Discount on debt instrument |  |  |  |  |  |  |  |  |  |  | (7,758 | ) |  |  | (21,384 | )
Less: Current portion |  |  |  |  |  |  |  |  |  |  | (415,666 | ) |  |  | (482,454 | )
Total |  |  |  |  |  |  |  |  |  | $ | 24,296 |  |  | $ | 178,535 |
Schedule of short term loans | Outstanding balances on short term loans – third parties consist of the following: Schedule of short term loans
Lender Name |  | Maturities |  |  | Interest Rate |  |  | Collateral/ Guarantee |  |  | As of June 30, 2025 |  |  | As of December 31, 2024 |
|  |  |  |  |  |  |  |  |  |  | US$ |  |  | US$ |
Allen Peter Anthony |  |  | July and September 2025 |  |  |  | 30.0 and 78.0 | % |  |  | None |  |  | $ | 250,000 |  |  |  | 150,000 |
Zeng Li Ren |  |  | September 2025 |  |  |  | 30.0 | % |  |  | None |  |  |  | 450,000 |  |  |  | 300,000 |
Lee Kim Tah Foundation |  |  | September 2025 |  |  |  | 30.0 | % |  |  | None |  |  |  | 250,000 |  |  |  | 250,000 |
Tan Tin Wee |  |  | September 2025 |  |  |  | 30.0 | % |  |  | None |  |  |  | 50,000 |  |  |  | 50,000 |
Le Phu Khanh Huy |  |  | July and September 2025 |  |  |  | 30.0 and 78.0 | % |  |  | None |  |  |  | 1,579,856 |  |  |  | 1,412,285 |
Oh Sock Ping |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 58,791 |  |  |  | 56,817 |
Yee Kee |  |  | August 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 297,875 |  |  |  | - |
Lim Li Wen Chloe |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 78,388 |  |  |  | - |
Lew Hui Pau |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 78,388 |  |  |  | - |
Teo Tian Seng |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 156,777 |  |  |  | - |
Kang Yan Pte. Ltd. |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 102,297 |  |  |  | - |
Zhu Zhi Qing |  |  | August 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 65,323 |  |  |  | - |
Yee Sze Wei |  |  | August 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 22,185 |  |  |  | - |
Jarrod Seah Chi Nam |  |  | August 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 100,000 |  |  |  | - |
Loo Tze Kian |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 50,000 |  |  |  | - |
Tan Choon Huat |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 100,000 |  |  |  | - |
Kan Yut Keong |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 90,000 |  |  |  | - |
Tan Tai Chew |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 20,000 |  |  |  | - |
Peh Ee Hong |  |  | July 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 100,000 |  |  |  | - |
VD Capital Pty. Ltd. |  |  | July 2025 |  |  |  | 10.0 | % |  |  | None |  |  |  | 903,569 |  |  |  | - |
Ondeck Loan |  |  | December 2025 |  |  |  | 78.0 | % |  |  | None |  |  |  | 180,596 |  |  |  | - |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,984,045 |  |  |  | 2,219,102 |
Less: Discount on debt instrument |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (73,438 | ) |  |  | - |
Total short-term loans - bank |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,910,607 |  |  | $ | 2,219,102 |

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