| SCHEDULE OF PROPERTY AND EQUIPMENT, NET |
SCHEDULE OF PROPERTY AND EQUIPMENT, NET
Table
5: Details of Property and Equipment, Net
| | |
September
30, 2025 | | |
December
31, 2024 | |
| | |
Gross
Carrying Amount | | |
Accumulated
Depreciation and Amortization | | |
Net
Carrying Amount | | |
Gross
Carrying Amount | | |
Accumulated
Depreciation and Amortization | | |
Net
Carrying Amount | |
| Equipment | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 125,546 | | |
$ | (121,869 | ) | |
$ | 3,677 | |
| Furniture and fixtures | |
| - | | |
| - | | |
| - | | |
| 26,339 | | |
| (19,396 | ) | |
| 6,943 | |
| Leasehold improvements | |
| - | | |
| - | | |
| - | | |
| 62,721 | | |
| (62,721 | ) | |
| - | |
| Capital lease | |
| - | | |
| - | | |
| - | | |
| 23,004 | | |
| (19,897 | ) | |
| 3,107 | |
| Software | |
| - | | |
| - | | |
| - | | |
| 13,500 | | |
| (6,906 | ) | |
| 6,594 | |
| Property
and equipment, net | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 251,110 | | |
$ | (230,789 | ) | |
$ | 20,321 | |
|
Fixed
assets consisted of the following as of December 31, 2024 and 2023:
SCHEDULE
OF FIXED ASSETS
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2023 | |
| At Cost: | |
| | | |
| | |
| Equipment | |
$ | 125,546 | | |
$ | 125,546 | |
| Furniture and fixtures | |
| 26,339 | | |
| 26,339 | |
| Leasehold improvements | |
| 62,721 | | |
| 62,721 | |
| Capital lease | |
| 23,004 | | |
| 23,004 | |
| Software | |
| 13,500 | | |
| 13,500 | |
| Property plant and equipment, gross | |
| 251,110 | | |
| 251,110 | |
| | |
| | | |
| | |
| Less: Accumulated depreciation | |
| | | |
| | |
| Equipment | |
| 121,869 | | |
| 107,977 | |
| Furniture and fixtures | |
| 19,396 | | |
| 24,446 | |
| Leasehold improvements | |
| 62,721 | | |
| 62,721 | |
| Capital lease | |
| 19,897 | | |
| 19,897 | |
| Software | |
| 6,906 | | |
| 2,407 | |
| Less: Accumulated depreciation | |
| 230,789 | | |
| 217,448 | |
| | |
| | | |
| | |
| Property plant and equipment,
net | |
$ | 20,321 | | |
$ | 33,662 | |
|
| SCHEDULE OF SOFTWARE DEVELOPMENT COSTS |
In
2024, the Company reclassified a part of software from property and equipment to software development costs.
SCHEDULE OF SOFTWARE DEVELOPMENT COSTS
Table
6: Capitalized Software Development Costs
| | |
|
|
|
|
| | |
|
|
|
|
| |
| | |
For
the Three Months Ended | | |
For
the Nine Months Ended | |
| | |
September
30, 2025 | | |
September
30, 2024 | | |
September
30, 2025 | | |
September
30, 2024 | |
| Capitalized software development
costs | |
$ | 94,000 | | |
$ | 105,001 | | |
$ | 268,000 | | |
$ | 343,001 | |
|
Software development costs consisted of the following
as of December 31, 2024 and 2023:
SCHEDULE OF SOFTWARE DEVELOPMENT COSTS
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2023 | |
| At Cost: | |
| | | |
| | |
| Software development cost | |
| 4,151,981 | | |
| 3,703,981 | |
|
| SCHEDULE OF INTANGIBLE ASSETS |
|
Intangible assets consisted of the following as of
December 31, 2024 and 2023:
SCHEDULE OF INTANGIBLE ASSETS
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2023 | |
| At Cost: | |
| | | |
| | |
| Contractual relationship | |
$ | 66,361 | | |
$ | 66,361 | |
| Implementation | |
| 28,099 | | |
| 28,099 | |
| Software | |
| 100,000 | | |
| 100,000 | |
| Intangible assets, gross | |
| 194,460 | | |
| 194,460 | |
| Less: Accumulated amortization | |
| | | |
| | |
| Contractual relationship | |
| 66,361 | | |
| 66,361 | |
| Implementation | |
| 28,099 | | |
| 28,099 | |
| Software | |
| 75,000 | | |
| 58,333 | |
| Accumulated amortization | |
| 169,460 | | |
| 152,793 | |
| | |
| | | |
| | |
| Intangible assets, net | |
$ | 25,000 | | |
$ | 41,667 | |
|