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DISAGGREGATION OF REVENUE
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
DISAGGREGATION OF REVENUE

NOTE- 3 DISAGGREGATION OF REVENUE

 

The following tables present the Company’s revenue disaggregated by business segment and geography, based on management’s assessment of available data:

 

   2024   2023   2022 
   Financial Years ended December 31, 
   2024   2023   2022 
   US$’000   US$’000   US$’000 
             
Sales at a single point in time               
Equipment Sales   21,487    24,695    32,202 
Services   2,407    6,368    2,354 
Total sales at a single point in time   23,894    31,063    34,556 
Sales over time               
Rental   7,172    4,953    3,803 
                
Total sales   31,066    36,016    38,359 

 

In accordance with ASC 280, Segment Reporting (“ASC 280”), we have one reportable geographic segment. Sales are based on the countries in which the customer is located. Summarized financial information concerning our geographic segments is shown in the following tables:

 

   2024   2023   2022 
   Financial Years ended December 31, 
   2024   2023   2022 
   US$’000   US$’000   US$’000 
             
Singapore   17,875    17,430    15,811 
Canada   4,842    -    - 
Australia   728    6,737    9,056 
Other countries   7,621    11,849    13,492 
                
Total   31,066    36,016    38,359