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Right-of-Use Assets and Lease Liabilities | 6 Months Ended
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Jun. 30, 2025
Right-of-Use Assets and Lease Liabilities [Abstract] |
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES | 10. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES The operating leases primarily consist of leases of office premises in Hong Kong and PRC, and printing machines in Hong Kong. Supplemental balance sheet information related to operating leases are as follows:
|  | As of December 31, |  |  | As of June 30, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | HK$ |  |  | HK$ |  |  | US$ |
Operating lease right-of-use assets |  |  |  |  |  |  |  |  |  |  |  |
Office premises |  |  | 5,166,836 |  |  |  | 23,553,935 |  |  |  | 3,000,539 |
Printing machines |  |  | 1,309,309 |  |  |  | 1,130,187 |  |  |  | 143,975 |
Operating lease right-of-use assets |  |  | 6,476,145 |  |  |  | 24,684,122 |  |  |  | 3,144,514 |
Current operating lease obligation |  |  |  |  |  |  |  |  |  |  |  |
Office premises |  |  | 2,473,161 |  |  |  | 9,238,458 |  |  |  | 1,176,889 |
Printing machines |  |  | 363,182 |  |  |  | 368,244 |  |  |  | 46,910 |
Total current operating lease obligation |  |  | 2,836,343 |  |  |  | 9,606,702 |  |  |  | 1,223,799 |
Non-current operating lease obligation |  |  |  |  |  |  |  |  |  |  |  |
Office premises |  |  | 2,693,675 |  |  |  | 14,315,477 |  |  |  | 1,823,651 |
Printing machines |  |  | 946,127 |  |  |  | 761,943 |  |  |  | 97,064 |
Total non-current operating lease obligation |  |  | 3,639,802 |  |  |  | 15,077,420 |  |  |  | 1,920,715 |
Total operating lease obligation |  |  | 6,476,145 |  |  |  | 24,684,122 |  |  |  | 3,144,514 |
Operating lease expense for the six-month periods ended June 30, 2024 and 2025 was HK$6,185,923 and HK$5,281,519 (US$672,814), respectively. The undiscounted future minimum lease payment schedule are as follows:
|  | As of June 30, 2025 |
For the six-month periods ended June 30, |  | HK$ |  |  | US$ |
2026 |  |  | 10,229,323 |  |  |  | 1,303,115 |
2027 |  |  | 10,222,123 |  |  |  | 1,302,198 |
2028 |  |  | 5,144,522 |  |  |  | 655,361 |
2029 |  |  | 52,920 |  |  |  | 6,741 |
2030 |  |  | 12,240 |  |  |  | 1,559 |
Total minimum lease payments |  |  | 25,661,128 |  |  |  | 3,268,974 |
Less: imputed interest component |  |  | (977,006 | ) |  |  | (124,460 | )
Lease liabilities recognized in the consolidated balance sheets |  |  | 24,684,122 |  |  |  | 3,144,514 |
Other supplemental information about the Company’s operating lease as of December 31, 2024 and June 30, 2025:
|  | As of December 31, 2024 |  |  | As of June 30, 2025 |
Weighted average discount rate |  |  | 4.56 | % |  |  | 3.20 | %
Weighted average remaining lease term (years) |  |  | 2.48 |  |  |  | 2.53 |

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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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- References No definition available. + Details
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