RIGHT-OF-USE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2024

Right-of-use Assets Net

SCHEDULE OF OPERATING LEASE LIABILITIES

The table below presents the lease-related assets and liabilities recorded on the balance sheet.

	As of December 31,
	2024		2023
		$’000		$’000
Assets
Finance lease, right-of-use assets, net (classified under property and equipment, net)		214		283
Operating lease, right-of-use assets, net		308		628
Total right-of-use assets, net		522		911
Liabilities
Current
Finance lease liabilities		57		77
Operating lease liabilities		308		345
		365		422
Non-current
Finance lease liabilities		142		205
Operating lease liabilities		38		320
		180		525
Total lease liabilities		545		947

SCHEDULE OF FUTURE CONTRACTUAL LEASE PAYMENTS

The below table summarizes our (i) minimum lease payments over the next five financial years, (ii) lease arrangement implied interest, and (iii) present value of future lease payments for the next three financial years ending December 31:

Financial Year Ended December 31,	Operating and finance lease amount
	$’000
2025		359
2026 and after		213
Less: interest		(27	)
Present value of lease liabilities		545
Representing
Current liabilities		365
Non-current liabilities		180
		545