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Leasing arrangements—lessee
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Leasing arrangements—lessee

11. Leasing arrangements—lessee

 

a) The Group leases various assets including land and buildings. Rental contracts are typically made for periods of two to three years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.

 

b) The carrying amount of right-of-use assets are as follows:

 

   As of   As of 
   December 31, 2025   December 31, 2024 
Right-of-use assets - Buildings  $81,350   $164,140 

 

c) The depreciation amount of right-of-use assets are as follows:

 

  

Year ended

December 31, 2025

  

Year ended

December 31, 2024

  

Year ended

December 31, 2023

 
Depreciation expenses-right-of-use - Land  $-   $-   $25,166 
Depreciation expenses-right-of-use -Buildings   184,816    203,138    693,469 
Depreciation  $184,816   $203,138   $718,635 

 

d) The information on profit and loss accounts relating to lease contracts is as follows:

 

  

Year ended

December 31, 2025

  

Year ended

December 31, 2024

  

Year ended

December 31, 2023

 
Items affecting profit or loss            
Interest expense on lease liabilities (Note 24)  $3,696   $1,150   $17,474 

 

e) For the years ended December 31, 2025, 2024 and 2023 the Group’s total cash outflow for leases were $180,327, $205,321 and $206,147, respectively.