XML 56 R32.htm IDEA: XBRL DOCUMENT v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Income Tax Expense

The components of the income tax expense are as follows:

 

   For the years ended December 31, 
   2025   2024   2023 
Current            
BVI  $
      -
   $
-
   $
-
 
Hong Kong   
-
    227,135    159,340 
Singapore   
-
    
-
    
-
 
Deferred               
BVI   
-
    
-
    
-
 
Hong Kong   
-
    
-
    
-
 
Singapore   
-
    
-
    
-
 
Provision for income taxes  $
-
   $227,135   $159,340 
Schedule of Income Tax Payable

Income tax payable consist of the following as of December 31:

 

   2025   2024 
Income tax (receivable) payable  $(233,593)  $393,037 
   $(233,593)  $393,037 
Schedule of Reconciles Hong Kong Statutory Rates to the Company’s Effective Tax

The following table reconciles Hong Kong statutory rates to the Company’s effective tax:

 

   For the years ended December 31, 
   2025   2024   2023 
(Loss)/profit before income taxes  $(1,180,275)  $(4,749,581)  $1,095,460 
Hong Kong Profits Tax rate   16.5%   16.5%   16.5%
Income taxes computed at Hong Kong Profits Tax rate   (194,745)   (783,681)   180,751 
Reconciling items:               
Tax effect of income that is not taxable*   (947,246)   (74)   (198)
Tax effect on expenses that is not deductible**   179,316    961,433    
-
 
Tax effect of rate differences in various jurisdictions   305,274    70,665    
-
 
Tax effect of estimated tax losses not recognised   678,627    
-
    
-
 
Effect of domestic tax allowance   (21,226)   (21,208)   (21,213)
Income tax expense  $
-
   $227,135   $159,340 

 

* Income that is not taxable mainly consisted of the interest income, the government subsidies and reversal of for expected credit loss which are non-taxable under Hong Kong income tax law.
   
** Expenses that are not deductible mainly consisted of provision for expected credit loss and legal and professional fee which are non-deductible under Hong Kong income tax law