XML 133 R118.htm IDEA: XBRL DOCUMENT v3.25.1
Note 10 - Credit facilitates: Schedule of banking facilities (Details) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
United Overseas Bank Limited    
Line of Credit Facility, Frequency of Payment and Payment Terms Varies from 36 monthly instalment, 72 monthly instalments, and 168 monthly instalments from the first date of first disbursement  
Line of Credit Facility, Interest Rate Description Effective on September 20, 2022, the repriced interest rate changes to1st year and 2nd year fixed at 1.20% over the applicable 3-month compounded Singapore Overnight Rate Average (“SORA”); 3rd year and thereafter 2.00% over the applicable 3-month compounded SORA  
Line of Credit Facility, Collateral Guaranteed by Mr. Wanjun Yao, the major shareholder, Mr. Jinan Tang, senior manager, Mrs. Liling Du, director, Mr. Demin Han, director, and the properties of Tung Resources  
Long-Term Line of Credit $ 0 $ 762,025
DBS Bank, Ltd.    
Line of Credit Facility, Frequency of Payment and Payment Terms 300 monthly instalments from the date of first disbursement  
Line of Credit Facility, Interest Rate Description Effective on June 6, 2022, the repriced interest rate changes to 1st year and 2nd year fixed rate at 2.58%; SORA in-advance plus 3.00% (Margin)  
Line of Credit Facility, Collateral Guaranteed by Mr. Wanjun Yao, the major shareholder, and the properties of Tung Resources  
Long-Term Line of Credit $ 1,241,762 1,329,526
Standard Chartered Bank    
Line of Credit Facility, Frequency of Payment and Payment Terms 180 months from the date of first disbursement  
Line of Credit Facility, Interest Rate Description 1st year and 2nd year fixed at 0.38% above fixed deposit rate, thereafter fixed at 1.78% above fixed deposit rate (the current 36-month fixed deposit rate for a 36-month Singapore dollar time deposit is 1.02% per annum)  
Line of Credit Facility, Collateral Guaranteed by Mr. Wanjun Yao, major shareholder, Mr. Jinan Tang, senior manager, and the properties of Tungray Singapore  
Long-Term Line of Credit $ 0 0
Long-Term Line of Credit 1,241,762 2,091,551
Current portion of banking facilities (80,588) (140,162)
Banking facilities $ 1,161,174 $ 1,951,389