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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2025
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 10 – RELATED PARTY TRANSACTIONS

 

The following table provides details of the total revenue earned and expenses incurred from all related party transactions:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Entities in which certain directors of a subsidiary have substantial financial interests

 

 

 

 

 

 

 

 

 

 

 

 

Sales of goods

 

$16,109

 

 

$7,737

 

 

$32,179

 

 

$41,823

 

Purchases

 

 

(2,307)

 

 

(28,766)

 

 

(2,307)

 

 

(105,980)

Rental of factory

 

 

(1,012)

 

 

-

 

 

 

(2,056)

 

 

-

 

 

The balances related to the above transactions with related parties are as disclosed in the Consolidated Balance Sheets which are interest-free, unsecured and subject to normal credit terms.