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Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related party transactions
12.Related party transactions

 

During 2024, the Company had the following related party transactions:

 

Name   Amount   Relationship   Note
Bauhinia Holdings (China) Limited   $ 46,036   A company controlled by the spouse of the Company’s controlling shareholder   Operating lease payments.

 

As of December 31, 2024, the Company had the following balances due with related parties:

 

Name   Amount   Relationship   Note
Everbright Digital Global Limited   $ 50,000   Immediate holding company   Unsecured interest free current account receivable, repayable on demand

 

During 2023, the Company had the following related party transactions:

 

Name   Amount   Relationship   Note
Bauhinia Holdings (China) Limited   $ 46,036   A company controlled by the spouse of the Company’s controlling shareholder   Operating lease payments.

 

As of December 31, 2023, the Company had the following balances due with related parties:

 

Name   Amount   Relationship   Note
Bauhinia Holdings (China) Limited   $ 7,673   A company controlled by the spouse of the Company’s controlling shareholder   Rental deposits paid
Everbright Digital Global Limited   $ 50,000   Immediate holding company   Unsecured interest free current account receivable, repayable on demand
Wai Fung Investment International Group   $ 53,708   A partnership established by the Company’s controlling shareholder and his mother, an executive director of the Company   Unsecured interest free current account payable, repayable on demand

 

The above transactions were not in arms length transactions that the related party is considered providing favors to the Company. As the balances were repayable on demand, there was no imputed interest concerned.