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LEASE | 9 Months Ended
--- | ---
Sep. 30, 2025
Lease |
LEASE | 19. LEASE On July 11, 2024, the Company leased non-commercial vehicle as lessee under finance leases with 5 years lease terms. The Company recognized finance lease liabilities of approximately $72,772, using an effective interest rate of 4.42%, which was determined using the incremental borrowing rate. SCHEDULE OF LEASE COST
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Components of Leases |  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease cost |  | $ | 43,134 |  |  | $ | 62,857 |  |  | $ | 124,972 |  |  | $ | 159,720 |
Amortization of finance lease asset |  |  | 11,124 |  |  |  | 11,896 |  |  |  | 32,768 |  |  |  | 18,956 |
Interest on finance lease liabilities |  |  | 2,157 |  |  |  | 2,350 |  |  |  | 6,597 |  |  |  | 4,989 |
Components of leases |  | As of September 30, 2025 |  |  | As of December 31, 2024 |
Weighted average remaining lease term (years) |  |  |  |  |  |  |  |
Operating lease |  |  | 0.76 |  |  |  | 1.49 |
Finance lease |  |  | 3.59 |  |  |  | 4.34 |
Weighted average discount rate |  |  |  |  |  |  |  |
Operating lease |  |  | 5.5 | % |  |  | 5.5 | %
Finance lease |  |  | 6.7 | % |  |  | 6.7 | %
AGAPE ATP CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Currency expressed in United States Dollars (“US$”), except for number of shares) 19. LEASE (Continued) The five-year maturity of the Company’s operating lease liabilities is as follow: SCHEDULE OF LEASE COMMITMENTS
Twelve Months Ending September 30, |  | Operating lease liabilities |  |  | Finance lease liabilities |
2026 |  | $ | 122,386 |  |  | $ | 31,751 |
2027 |  |  | - |  |  |  | 31,751 |
2028 |  |  | - |  |  |  | 31,751 |
2029 |  |  | - |  |  |  | 53,123 |
Total lease payments |  |  | 122,386 |  |  |  | 148,376 |
Less: interest |  |  | (2,729 | ) |  |  | (20,226 | )
Present value of lease liabilities |  | $ | 119,657 |  |  | $ | 128,150 |
The Company also leases one office and operation center, and one shophouse with an expiring term of twelve months or less, which were classified as operation leases. Since the lease terms for these leases were twelve months or less, a lessee is permitted to elect not to recognize lease assets and liabilities. The Company has elected not to recognize lease assets and liabilities on these leases. As of September 30, 2025, the Company’s commitment for minimum lease payment under these operating leases within the next twelve months were $87,634. Short term lease cost for the three months ended September 30, 2025 and 2024 was $30,540 and $22,218, respectively. For the nine months ended September 30, 2025 and 2024, the short term lease cost was $75,990 and $43,980, respectively.

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- References No definition available. + Details
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Namespace Prefix: | ATPC_
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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