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v3.26.1

RELATED PARTY TRANSACTIONS | 3 Months Ended
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Mar. 31, 2026
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 7 - RELATED PARTY TRANSACTIONS SCHEDULE OF DUE FROM RELATED PARTIES
Due from related parties: |  | March 31, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Due from related parties |  |  |  |  |  |  |  |
- Related party B |  | $ | 177,875 |  |  | $ | 178,909 |
- Related party D |  |  | 704,530 |  |  |  | 815,342 |
- Related party G |  |  | 1,390 |  |  |  | 1,389 |
Total |  | $ | 883,795 |  |  | $ | 995,640 |
Due from related parties |  | $ | 883,795 |  |  | $ | 995,640 |
The amounts due from related parties are interest-free, unsecured, and have no fixed terms of repayment. SCHEDULE OF DUE TO RELATED PARTIES
Due to related parties: |  | March 31, 2026 |  |  | December 31, 2025 |
|  |  | (Unaudited) |  |  |  | (Audited) |
Due to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 137,750 |  |  | $ | 91,606 |
- Related party B |  |  | 4,475 |  |  |  | 6,697 |
- Related party G |  |  | 71 |  |  |  | 284 |
- Related party K |  |  | 679,221 |  |  |  | 3,335 |
Total |  | $ | 821,517 |  |  | $ | 101,922 |
Due to related parties |  | $ | 821,517 |  |  | $ | 101,922 |
The amounts due to related parties are interest-free, unsecured, and repayable on demand. SCHEDULE OF INCOME FROM OR EXPENSES TO RELATED PARTIES
Accounts payable to a related party: |  | March 31, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Accounts payable - related party |  |  |  |  |  |  |  |
- Related party A |  | $ | 1,392 |  |  | $ | - |
Accounts payable - related party |  | $ | 1,392 |  |  | $ | - |
Deferred costs of revenue to related parties: |  | March 31, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Deferred costs of revenue to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 2,500 |  |  | $ | 2,500 |
- Related party F |  |  | 3,750 |  |  |  | 3,750 |
Total |  | $ | 6,250 |  |  | $ | 6,250 |
Deferred costs of revenue to related parties |  | $ | 6,250 |  |  | $ | 6,250 |
Investments in a related party: |  | March 31, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Investments in a related party |  |  |  |  |  |  |  |
- Related party B |  | $ | 17,000,000 |  |  | $ | - |
Investments in a related party |  | $ | 17,000,000 |  |  | $ | - |
Income from / expenses to related parties: |  | 2026 |  |  | 2025 |
|  | Three Months Ended March 31, |
Income from / expenses to related parties: |  | 2026 |  |  | 2025 |
|  | (Unaudited) |  |  | (Unaudited) |
Service revenue from related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 332 |  |  | $ | 326 |
- Related party B |  |  | 14,564 |  |  |  | 21,434 |
- Related party G |  |  | 212 |  |  |  | 215 |
Total |  | $ | 15,108 |  |  | $ | 21,975 |
Service revenue from related parties |  | $ | 15,108 |  |  | $ | 21,975 |
Cost of service revenue to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 1,983 |  |  | $ | 4,646 |
- Related party F |  |  | - |  |  |  | 3,750 |
Total |  | $ | 1,983 |  |  | $ | 8,396 |
Cost of service revenue to related parties |  | $ | 1,983 |  |  | $ | 8,396 |
General and administrative expenses to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 1,917 |  |  | $ | - |
- Related party D |  |  | 23,250 |  |  |  | 16,312 |
- Related party I |  |  | 3,787 |  |  |  | 3,371 |
- Related party K |  |  | 3,451 |  |  |  | 3,469 |
Total |  | $ | 32,405 |  |  | $ | 23,152 |
General and administrative expenses to related parties |  | $ | 32,405 |  |  | $ | 23,152 |
Other income from related parties |  |  |  |  |  |  |  |
- Related party B |  | $ | - |  |  | $ | 13,860 |
- Related party D |  |  | 2,684 |  |  |  | 2,698 |
Total |  | $ | 2,684 |  |  | $ | 16,558 |
Other income from related parties |  | $ | 2,684 |  |  | $ | 16,558 |
Interest income from a related party |  |  |  |  |  |  |  |
- Related party B |  | $ | 1,521 |  |  | $ | 1,397 |
Interest income from a related party |  | $ | 1,521 |  |  | $ | 1,397 |
Gain on disposal of a related party investment |  |  |  |  |  |  |  |
- Related party B |  | $ | - |  |  | $ | 39,800 |
Gain on disposal of a related party investment |  | $ | - |  |  | $ | 39,800 |
Reversal of impairment of a related party investment |  |  |  |  |  |  |  |
- Related party B |  | $ | - |  |  | $ | 150 |
Reversal of impairment of a related party investment |  | $ | - |  |  | $ | 150 |
Related party A is under common control of Mr. Loke, Che Chan Gilbert, the Company’s CFO, and a major shareholder. Related party B represents companies in which the Company owns a respective percentage ranging from 1% to 18% interest in those companies. Related party C is controlled by a director of some wholly owned subsidiaries of the Company. Related party D represents companies that we have determined we can significantly influence based on our common business relationships. Related party E represents companies whose CEO was a consultant to the Company, and who was also a director of Aquarius Protection Fund and a shareholder of the Company. Related party E is no longer our consultant and shareholder, and hence, our related party relationship came to an end on August 29, 2024. Related party F represents a family member of Mr. Loke or family members of Mr. Loke. Related party G is under the common control of Mr. Lee Chong Kuang, the Company’s CEO and a major shareholder. Related party H represents a company in which we currently have an approximate 48% equity-method investment. On December 31, 2023, the Company determined the amount due from related party H of $60,000 was impaired and recognized an impairment of other receivables of $60,000 for the year ended December 31, 2023. During 2018, the Company acquired approximately 49% of related party H for total consideration of $368,265. On December 31, 2018, the Company determined that its investments in related party H were impaired and recognized an impairment of other investments of $368,265. Related party I which is controlled by a family member of Mr. Lee. Related party J represents a non-controlling interest in the Company’s subsidiary owning its real estate held for sale. The amount due to related party J was unsecured, borne no interest and payable on demand, and was related to the initial acquisition of the real estate held for sale. Related party J became no longer our related party since our acquisition of all its 40% shareholdings in our subsidiary on April 15, 2024. Related party K represents shareholders and directors of the Company. The amount due from related party K represents the amounts paid by the Company to third parties on behalf of our shareholders or directors. On the other hand, due to related party K represents the amounts paid by the shareholders or directors to third parties on behalf of the Company. The amounts due from or due to related party K are interest-free and are due on demand.

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