Consolidated Statements of Comprehensive Income (Loss) - USD ($) |
12 Months Ended | ||||||
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Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Profit or loss [abstract] | |||||||
Revenue | $ 74,674,030 | $ 64,694,991 | $ 22,408,808 | ||||
Cost of revenue | (37,365,807) | (19,976,149) | (14,071,902) | ||||
Gross profit | 37,308,223 | 44,718,842 | 8,336,906 | ||||
Selling and marketing expenses | (1,092,977) | (1,562,837) | (3,644,316) | ||||
General and administrative expenses | (12,410,485) | (16,558,226) | (9,191,505) | ||||
Research and development expenses | (2,110,195) | (3,701,796) | (14,110,408) | ||||
Expected credit losses | (897,170) | (12,153,098) | |||||
Other income | 119,002 | 283,555 | 983,932 | ||||
Other gains (losses), net | (87,425,799) | 6,032,819 | 1,222,885 | ||||
Restructuring costs | [1] | (432,774) | |||||
Share listing expenses | (70,104,989) | ||||||
Total operating expenses | (104,250,398) | (27,659,583) | (94,844,401) | ||||
Operating income (loss) | (66,942,175) | 17,059,259 | (86,507,495) | ||||
Interest income | 1,569,253 | 770,410 | 235,912 | ||||
Finance costs | (732,508) | (818,065) | (835,273) | ||||
Total non-operating income (expenses) | 836,745 | (47,655) | (599,361) | ||||
Profit (loss) before income tax | (66,105,430) | 17,011,604 | (87,106,856) | ||||
Income tax (expense) benefit | 1,310,814 | (3,515,990) | (430,368) | ||||
Profit (loss) for the year | (64,794,616) | 13,495,614 | (87,537,224) | ||||
Remeasurement of defined benefit plans | (44,804) | 89,457 | 7,409 | ||||
Exchange differences on translation of foreign operations | (1,010,518) | 584,840 | (1,672,040) | ||||
Other comprehensive income (loss) for the year, net of tax | (1,055,322) | 674,297 | (1,664,631) | ||||
Components of other comprehensive (loss) income that may be reclassified to profit or loss | |||||||
Remeasurement of defined benefit plans | (44,804) | 89,457 | 7,409 | ||||
Exchange differences on translation of foreign operations | (1,010,518) | 584,840 | (1,672,040) | ||||
Other comprehensive income (loss) for the year, net of tax | (1,055,322) | 674,297 | (1,664,631) | ||||
Total comprehensive income (loss) for the year | $ (65,849,938) | $ 14,169,911 | $ (89,201,855) | ||||
Basic earning (loss) per share (in Dollars per share) | $ (6.13) | $ 1.92 | $ (17.83) | ||||
Diluted earning (loss) per share (in Dollars per share) | $ (6.13) | $ 1.64 | $ (17.83) | ||||
Basic (in Shares) | [2] | 10,565,835 | 7,038,173 | 4,908,558 | |||
Diluted (in Shares) | [2] | 10,565,835 | 7,558,479 | 4,908,558 | |||
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- Definition The amount of share listing expenses. No definition available.
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- Definition The amount of expected credit losses (ECLs) means that companies are required to look at how current and future economic conditions impact the amount of loss. Credit losses are not just an issue for banks and economic uncertainty is likely to have an impact on many different receivables. No definition available.
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- Definition The amount of restructuring costs. No definition available.
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- Definition The weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of all expenses directly or indirectly attributed to the goods or services sold. Attributed expenses include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, such as depreciation and maintenance of factory buildings and equipment used in the production process, unallocated production overheads, and abnormal amounts of production costs of inventories. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of costs associated with financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense relating to general and administrative activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of all operating expenses. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of other comprehensive income, net of tax, after reclassification adjustments, related to exchange differences when financial statements of foreign operations are translated. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of other comprehensive income, net of tax, related to gains (losses) on remeasurements of defined benefit plans, which comprise actuarial gains and losses; the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). [Refer: Other comprehensive income; Defined benefit plans [domain]; Plan assets [member]; Net defined benefit liability (asset)] [Contrast: Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The gains (losses) that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of operating income that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of operating income (expense) that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) before tax expense or income. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The profit (loss) from operating activities of the entity. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expenditure directly attributable to research or development activities, recognised in profit or loss. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income arising from interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense relating to the marketing and selling of goods or services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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