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LEASES (Tables)
 3 Months Ended
Mar. 31, 2025
Leases  
SCHEDULE OF COMPONENTS OF LEASE AND SUPPLEMENTAL CASH FLOW INFORMATION

The components of lease expense and supplemental cash flow information related to operating leases and finance leases for the periods are as follows:

 

         
   Three Months Ended March 31, 
   2025   2024 
   (Unaudited)   (Unaudited) 
Lease costs          
Operating lease costs:          
Rental expenses (1)  $24,477   $24,348 
Other rental expenses (2)   4,177    4,764 
Total operating lease costs   28,654    29,112 
Finance lease costs:          
Interest expenses  $236   $279 
Total finance lease costs   236    279 
Total lease costs  $28,890   $29,391 
           
Other information          
Cash paid for amounts included in the measurement of lease liabilities:          
Rental payment - operating leases  $24,477   $24,348 
Interest repayment - finance leases   236    279 
Principal repayment - finance leases   922    809 
Total cash paid  $25,635   $25,436 
Non-cash activity:          
Balance payment of ROU asset by finance lease liabilities  $13,187   $15,768 
Weighted average remaining lease term (in years):          
Operating leases   0.95    0.95 
Finance leases   3.17    4.17 
Weighted average discount rate:          
Operating leases   4.0%   4.0%
Finance leases   6.9%   6.9%

 

(1) Rental expenses include amortization of $24,041 and $23,282 and interest expenses of $436 and $1,066 during the three months ended March 31, 2025 and 2024, respectively.
   
(2) Other rental expenses represent those rental expenses for leases with a lease term within one year, and government rent and rates related to the leases.
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

The supplemental balance-sheet information related to leases for the periods is as follows:

 

   As of
March 31, 2025		   As of
December 31, 2024		 
   (Unaudited)   (Audited) 
Assets          
Long-term operating lease ROU assets, net (1)  $91,576   $19,929 
Long-term finance lease ROU asset, net (2)   18,938    20,272 
Total ROU assets  $110,514   $40,201 
           
Liabilities          
Current portion of operating lease liabilities  $91,576   $19,929 
Current portion of finance lease liabilities   3,861    3,766 
Total current lease liabilities   95,437    23,695 
           
Long-term finance lease liabilities   9,326    10,235 
Total long-term lease liabilities   9,326    10,235 
Total lease liabilities  $104,763   $33,930 

 

(1) Operating lease ROU assets are measured at cost of $447,556 and $351,829, net of accumulated amortization of $355,980 and $331,900 as of March 31, 2025, and December 31, 2024 respectively.
   
(2) Finance lease ROU assets are measured at cost of $28,898, net of accumulated amortization of $9,960 and $8,626 as of March 31, 2025 and December 31, 2024, respectively.
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of the Company’s lease liabilities as of March 31, 2025 are as follows:

  

   Operating leases   Finance leases 
Year ending December 31,          
2025 (remaining 9 months)   73,471    3,484 
2026   20,013    4,646 
2027   -    4,646 
2028   -    1,933 
Total future minimum lease payments   93,484    14,709 
Less: Imputed interest / present value discount   (1,908)   (1,522)
Present value of lease liabilities  $91,576   $13,187 
           
Lease obligations          
Current lease obligations  $91,576   $3,861 
Long-term lease obligations   -    9,326 
Total lease obligations  $91,576   $13,187