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Leases | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Leases | 13. Leases Operating Lease Liabilities As of December 31, 2025, the Company has operating lease agreements for its hostel and office equipment with remaining lease terms of 7 to 55 months. These leases have original terms not exceeding 5 years. Information pertaining to right of use assets is summarized as follows:
|  | At December 31, |
|  | 2025 |  |  | 2024 |
Hostel and office equipment |  | $ | 77,120 |  |  | $ | 82,870 |
Less: Accumulated amortization |  |  | (5,625 | ) |  |  | (41,628 | )
Right of use assets, net |  | $ | 71,495 |  |  | $ | 41,242 |
The Company recognized the following total lease cost related to the Company’s lease arrangements:
|  | Years Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Operating lease cost: |  |  |  |  |  |  |  |  |
Operating lease |  | $ | 39,405 |  |  | $ | 49,019 |  |  | $ | 14,596 |
Expenses relating to short-term leases |  |  | 62,773 |  |  |  | 32,728 |  |  |  | 20,415 |
Total lease cost |  | $ | 102,178 |  |  | $ | 81,747 |  |  | $ | 35,011 |
As of December 31, 2025, the present value of the net minimum lease payments are as follows:
Future Minimum Lease Payments |  | Operating Leases |
2026 |  | $ | 38,251 |
2027 |  |  | 33,825 |
2028 |  |  | 1,029 |
2029 |  |  | 672 |
2030 |  |  | 221 |
Total remaining lease payments (undiscounted) |  |  | 73,998 |
Less imputed interest |  |  | (2,318 | )
Present value of lease liabilities |  | $ | 71,680 |
Other information related to leases for the years ended December 31, 2025, 2024 and 2023:
|  | Years Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Weighted-average remaining lease term - operating leases |  |  | 2.71 years |  |  |  | 1.9 years |  |  |  | 2.5 years |
Weighted-average discount rate - operating leases |  |  | 3.35 | % |  |  | 3.35 | % |  |  | 3.35 | %
Right of use assets obtained in exchange for new operating lease liabilities |  | $ | 74,310 |  |  | $ | 25,294 |  |  | $ | 73,603 |
Cash paid for amounts included in the measurement of lease liabilities – operating cash flow from operating leases |  | $ | 40,882 |  |  | $ | 48,620 |  |  | $ | 14,903 |
Finance Lease Liabilities The Company acquired motor vehicles under a hire purchase financing arrangement for a total of $27,120, $0 and $56,607 for the years ended December 31, 2025, 2024 and 2023, respectively.
|  | At December 31, |
|  | 2025 |  |  | 2024 |
Finance lease liabilities |  | $ | 131,097 |  |  | $ | 154,796 |
Less Finance lease liabilities – current |  |  | (59,172 | ) |  |  | (54,484 | )
Finance lease liabilities – non-current |  | $ | 71,925 |  |  | $ | 100,312 |
As of December 31, 2025, the net minimum lease payments are as follows:
Year Ended December 31, |  | Leases Payment |
2026 |  | $ | 63,739 |
2027 |  |  | 53,571 |
2028 |  |  | 15,009 |
2029 |  |  | 5,509 |
2030 |  |  | 457 |
|  |  | 138,285 |
Less imputed interest |  |  | (7,188 | )
Finance lease liabilities |  | $ | 131,097 |
Finance lease liabilities – current |  | $ | 59,172 |
Finance lease liabilities – non-current |  | $ | 71,925 |

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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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