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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | NOTE－7 PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
|  |  | $’000 |  |  |  | $’000 |
At cost: |  |  |  |  |  |  |  |
Leasehold buildings |  |  | 8,089 |  |  |  | 8,212 |
Motor vehicles |  |  | 1,938 |  |  |  | 1,976 |
Office equipment, and furniture and fittings |  |  | 3,032 |  |  |  | 2,917 |
Property and equipment, gross |  |  | 13,059 |  |  |  | 13,105 |
Less: accumulated depreciation |  |  | (5,841 | ) |  |  | (5,385 | )
Property and equipment, net |  |  | 7,218 |  |  |  | 7,720 |
Depreciation expense for the financial years ended December 31, 2022 and 2021 were remained at approximately $0.8 million and approximately $0.8 million respectively. Property and equipment under finance leasing arrangement classified under motor vehicle as of December 31, 2022 and 2021 amounted to approximately $0.01 million and approximately $0.02 million, respectively. Details of such leased assets are disclosed in Note 10. Right-of-use assets under operating leasing arrangements classified under leasehold building as of December 31, 2022 and 2021 amounted to approximately $1.5 million and approximately $1.8 million and, respectively. Details of such leased assets are disclosed in Note 10.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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