PROPERTY PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

PROPERTY PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following: 

	As of
	March 31,			December 31,
	2024			2023
Air conditioner	$	1,124		$	1,124
Computer and software		5,502			3,923
Equipment		62,423			60,412
Furniture and fittings		100,118			100,118
Lab equipment		320,102			320,102
Land and buildings		1,506,969			1,506,969
Motor vehicle		161,148			161,148
Office equipment		35,335			33,914
Renovation		98,597			98,597
Signboard		806			806
Solar PV System		16,935			-
Capital Work In Progress		109,509			109,509
		2,418,568			2,396,622
(Less): Accumulated depreciation		(679,253	)		(659,115	)
Add: Foreign translation differences		(267,677	)		(225,889	)
Property, plant and equipment, net	$	1,471,638		$	1,511,618

Depreciation expense for the three months’ period ended March 31, 2024 and 2023 were $20,138 and $20,897 respectively.