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Equity Method Investment | 3 Months Ended
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Mar. 31, 2025
Equity Method Investment [Abstract] |
Equity method investment |
| (12) | Equity method investment
Details of investment under the equity method are as follows:
|  |  |  |  |  |  | March 31, 2025 |  |  | December 31, 2024 |
|  | Location |  |  | Main business |  | Ownership |  |  | Book value |  |  | Ownership |  |  | Book value |
Taction Co., LTD |  |  | Korea |  |  | Software development |  |  | 33.3 | % |  | $ | - |  |  |  | 33.3 | % |  | $ | - |
The summarized financial information of investment under the equity method as of the closing date and for the current period is as follows:
|  | As of and for the year ended December 31, 2024 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Comprehensive |
|  | Assets |  |  | Liabilities |  |  | Revenue |  |  | Net loss |  |  | loss |
Taction Co., LTD |  | $ | 97,936 |  |  | $ | 32,785 |  |  | $ | - |  |  | -₩ | 74,740 |  |  | $ | -74,740 |
There is no equity method valuation applied on investments in associate for the three-months ended March 31, 2025 or 2024. Taction Co., Ltd. was incorporated to engage in software development and IT consulting. As no practical plan to generate revenue and maintain going-concern basis in the foreseeable future was provided, the Parent recognized impairment loss amounting to acquisition cost.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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