Equipment, net

12 Months Ended

Dec. 31, 2024

Equipment, net

Equipment, net

Note 5 – Equipment, net

At December 31, 2024 and 2023, equipment consisted of the following:

	December 31,			December 31,
	2024			2023
Cost:
Equipment	$	9,366		$	9,365
Vehicle		120,155			-
		129,521			9,365
Less: accumulated depreciation		(18,147	)		(2,066	)
Equipment, net	$	111,374		$	7,299

During the years ended December 31, 2024 and 2023, the Company recorded depreciation of $16,081 and $1,263, respectively.

During the year ended December 31, 2024, the Company purchased a vehicle for $120,155, with a financing loan.

Financing loan

The Company had financing loan for a purchase of vehicle for the year ended December 31, 2024. A repayment of loan schedule is $1,898 per month for the first 36 months and then $2,590 per months for 30 months with an interest rate of $11.54%. For the year ended December 31, 2024, the Company repaid $32,462, of which $9,157 is for interest. As of December 31, 2024, the Company had a financing loan of $96,849 and disclosed it as current liability as the Company fully paid off this financing loan in March 2025.