PROPERTY PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 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
	September 30,			December 31,
	2024			2023
Air conditioner	$	1,124		$	1,124
Computer and software		5,880			3,923
Equipment		65,214			60,412
Furniture and fittings		98,883			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		36,592			33,914
Renovation		101,137			98,597
Signboard		806			806
Solar PV System		16,935			-
Machinery (**)		190,341			-
Capital work in progress		-			109,509
		2,505,131			2,396,622
Less: Accumulated depreciation		(729,247	)		(659,115	)
Add: Foreign translation differences		(47,204	)		(225,889	)
Property, plant and equipment, net	$	1,728,680		$	1,511,618

Depreciation expense for the nine months’ period ended September 30, 2024, and 2023 were $74,611 and $63,147 respectively.

* includes an amount of approximately MYR4,372,574 (approximately $1,075,814) being the building that is under offer for purchase, as explained in Note 14.

** includes an amount of $190,341 as explained in Note 14.