v3.24.1.1.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Presentation of leases for lessee [abstract]  
Summary of Changes in Right-of-Use Assets
Changes in
Right-of-Use
assets as of December 31, 2023, and December 31, 2022, are as follows:
 
                                      (Unit: USD)  
As of December 31, 2023
 
Classification
  
Beginning
    
Acquisition
    
Depreciation
   
Change in
contract
    
Contract
termination
   
Loss from
translating
foreign
operations
   
Ending
 
Buildings
     104,083        276,290        (217,724 )      —         (1,589 )      (2,098 )      158,962  
Vehicles
     30,764        21,787        (26,398 )      —         —        (817 )      25,336  
  
 
 
    
 
 
    
 
 
   
 
 
    
 
 
   
 
 
   
 
 
 
Total
     134,847        298,077        (244,122 )      —         (1,589 )      (2,915 )      184,298  
  
 
 
    
 
 
    
 
 
   
 
 
    
 
 
   
 
 
   
 
 
 
 
                                      (Unit: USD)  
As of December 31, 2022
 
Classification
  
Beginning
    
Acquisition
    
Depreciation
   
Change in
contract
    
Contract
termination
   
Loss from
translating
foreign
operations
   
Ending
 
Buildings
     304,063         24,525        (202,977 )      6,612        (6,425 )      (21,715 )      104,083  
Vehicles
     55,480        —         (21,004 )      —         —        (3,712 )      30,764  
  
 
 
    
 
 
    
 
 
   
 
 
    
 
 
   
 
 
   
 
 
 
Total
     359,543        24,525        (223,981 )      6,612        (6,425 )      (25,427 )      134,847  
  
 
 
    
 
 
    
 
 
   
 
 
    
 
 
   
 
 
   
 
 
 
Summary of Changes in Lease Liabilities
Changes in lease liabilities as of December 31, 2023, and December 31, 2022, are as follows:
 
                                             (Unit: USD)  
As of December 31, 2023
 
Classification
  
Beginning
    
Acquisition
    
Interest
    
Payments
   
Change in
contract
    
Contract
termination
   
Loss from
transacting
foreign
operations
   
Ending
 
Liabilities
     133,182        281,854        16,033        (247,419 )      —         (1,510 )      (2,903 )      179,237  
 
                                             (Unit: USD)  
As of December 31, 2022
 
Classification
  
Beginning
    
Acquisition
    
Interest
    
Payments
   
Change in
contract
    
Contract
termination
   
Loss from
transacting
foreign
operations
   
Ending
 
Liabilities
     350,973        21,801        15,601        (231,156 )      6,305        (5,555 )      (24,787 )      133,182  
Schedule of Amounts Recognized in Net Profit or Loss
Amount recognized of profit or loss in relation to the lease is as follows:
 
            (Unit: USD)  
Classification
  
For the year
ended 2023
    
For the year
ended 2022
 
Right-of-Use
assets
     
Buildings
     217,724        202,977  
Vehicles
     26,398        21,004  
Subtotal
     244,122        223,981  
Interest expense relating to lease liabilities
     16,033        15,601  
Expense relating to leases of
low-value
assets that are not short-term leases
     23,011        16,572  
Expense relating to short-term leases
     276,400        117,784  
Miscellaneous loss (profit)
     (90 )       (54 ) 
  
 
 
    
 
 
 
Subtotal
     315,354        149,903  
  
 
 
    
 
 
 
Total
     559,476        373,884  
  
 
 
    
 
 
 
Summary of Amounts Recognized in Consolidated Statements of Cash Flows
The total cash payments for leases for the twelve months ended December 31, 2023, and 2022, are as follows:
 
            (Unit: USD)  
Classification
  
For the year
ended 2023
    
For the year
ended 2022
 
Repayments of lease (Cash Flow)
     247,419        231,156  
Expense relating to leases of
low-value
assets that are not short-term leases
     23,011        16,572  
Expense relating to short-term leases
     276,400        117,784  
  
 
 
    
 
 
 
Total Cash payments for leases
     546,830        365,512