Right-of-Use Assets and Operating Lease Liabilities

6 Months Ended

Jun. 30, 2025

Right-of-Use Assets and Operating Lease Liabilities [Abstract]

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

11. RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

The Company is a lessee of non-cancellable operating leases for a corporate office in Hong Kong with a lease term of two years. The Company’s ROU assets and operating lease liabilities recognized in the unaudited condensed consolidated balances sheets consist of the following:

	As of
	December 31, 2024		June 30, 2025
	US$		US$
Right-of-use assets		167,723		121,761

	As of
	December 31, 2024		June 30, 2025
	US$		US$
Operating lease liabilities
Current portion		90,199		90,806
Non-current portion		77,524		30,955
Total		167,723		121,761

During six months ended June 30, 2024 and 2025, the Company incurred lease expenses of approximately US$51,411 and US$46,969, respectively.

Other supplemental information about the Company’s operating lease as of December 31, 2024 and June 30, 2025:

	As of
	December 31, 2024			June 30, 2025
Operating leases:
Weighted average remaining lease term (years)		1.83			1.33
Weighted average discount rate		3.38	%		3.38	%

The maturity analysis of the Company’s undiscounted non-cancellable operating lease obligations as of June 30, 2025 is as follows:

	Operating leases
	US$
Year ending June 30, 2026		93,257
Year ending June 30, 2027		31,086
Total undiscounted lease obligations		124,343
Less: imputed interest		(2,582	)
Lease liabilities recognized in the unaudited condensed consolidated balance sheet		121,761

Wellchange Holdings Co Ltd 6-K/A