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INVESTMENTS IN EQUITY SECURITIES | 6 Months Ended
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Jun. 30, 2025
INVESTMENTS IN EQUITY SECURITIES |
INVESTMENTS IN EQUITY SECURITIES | NOTE 7 – INVESTMENTS IN EQUITY SECURITIES
|  | As of |
|  | June 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
As of beginning of the period/year |  | $ | 1,265,166 |  |  | $ | 1,699,831 |
Addition during the period/year |  |  | - |  |  |  | 492,732 |
Disposal during the period/year |  |  | - |  |  |  | (1,030,368 | )
Fair value (loss)/gain |  |  | (91,243 | ) |  |  | 69,476 |
Foreign exchange translation |  |  | 74,765 |  |  |  | 33,495 |
As of end of the period/year |  | $ | 1,248,688 |  |  | $ | 1,265,166 |
For the six month period ended June 30, 2025 and 2024, the net fair value (loss)/gains on the investments in equity securities were $(91,243) and $72,884 recorded in administrative expenses and other income of the Consolidated Statements of Operations and Comprehensive Income/(Loss).
The investments in equity securities consist of the following shares: |  |  |  |  |  |
|  | As of |
|  | June 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Investment in equity securities with readily determined fair value (1): |  |  |  |  |  |
Malaysia |  |  | 836,662 |  |  |  | 863,810 |
Singapore |  |  | 174,520 |  |  |  | 177,808 |
|  | $ | 1,011,182 |  |  | $ | 1,041,618 |
Investment in equity securities without readily determined fair value: |  |  |  |  |  |  |  |
Malaysia |  |  | 237,506 |  |  |  | 223,548 |
|  | $ | 1,248,688 |  |  | $ | 1,265,166 |
(1) The Company’s investment in equity securities is measured at fair value on a recurring basis. These equity securities are classified as Level 1 in the fair value hierarchy, as the fair value is determined using quoted market prices in active markets for identical assets. Specifically, the stock prices of these securities are readily available on the stock exchange, providing a reliable and observable input to the fair value measurement. As these securities are actively traded, the quoted prices in the market are considered to be the most reliable indicator of fair value. No significant adjustments are made to these prices, as they reflect current market conditions at the measurement date.

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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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