| Schedule of Intangible Assets |
| | |
Year ended December 31, 2024 | |
| | |
Computer software | | |
Intellectual property rights
(Note 1) | | |
Total | |
| January 1 | |
| | |
| | |
| |
| Cost | |
$ | 555,562 | | |
$ | 6,000,000 | | |
$ | 6,555,562 | |
| Accumulated amortization | |
| (136,050 | ) | |
| (550,000 | ) | |
| (686,050 | ) |
| | |
$ | 419,512 | | |
$ | 5,450,000 | | |
$ | 5,869,512 | |
| | |
| | | |
| | | |
| | |
| At January 1 | |
$ | 419,512 | | |
$ | 5,450,000 | | |
$ | 5,869,512 | |
| Additions | |
| 42,838 | | |
| - | | |
| 42,838 | |
| Adjustment (Note 1) | |
| - | | |
| (2,150,000 | ) | |
| (2,150,000 | ) |
| Amortization expenses | |
| (285,701 | ) | |
| (535,500 | ) | |
| (821,201 | ) |
| Net exchange differences | |
| (9,488 | ) | |
| - | | |
| (9,488 | ) |
| At December 31 | |
$ | 167,161 | | |
$ | 2,764,500 | | |
$ | 2,931,661 | |
| | |
| | | |
| | | |
| | |
| December 31 | |
| | | |
| | | |
| | |
| Cost | |
$ | 582,461 | | |
$ | 3,850,000 | | |
$ | 4,432,461 | |
| Accumulated amortization | |
| (415,300 | ) | |
| (1,085,500 | ) | |
| (1,500,800 | ) |
| | |
$ | 167,161 | | |
$ | 2,764,500 | | |
$ | 2,931,661 | |
| | |
Year ended December 31, 2023 | |
| | |
Computer software | | |
Intellectual property rights
(Note 1) | | |
Total | |
| January 1 | |
| | |
| | |
| |
| Cost | |
$ | 2,403,406 | | |
$ | - | | |
$ | 2,403,406 | |
| Accumulated amortization | |
| (2,347,064 | ) | |
| - | | |
| (2,347,064 | ) |
| | |
$ | 56,342 | | |
$ | - | | |
$ | 56,342 | |
| | |
| | | |
| | | |
| | |
| At January 1 | |
$ | 56,342 | | |
$ | - | | |
$ | 56,342 | |
| Additions－acquired separately | |
| 538,446 | | |
| 6,000,000 | | |
| 6,538,446 | |
| Amortization expenses | |
| (176,031 | ) | |
| (550,000 | ) | |
| (726,031 | ) |
| Net exchange differences | |
| 755 | | |
| - | | |
| 755 | |
| At December 31 | |
$ | 419,512 | | |
$ | 5,450,000 | | |
$ | 5,869,512 | |
| | |
| | | |
| | | |
| | |
| December 31 | |
| | | |
| | | |
| | |
| Cost | |
$ | 555,562 | | |
$ | 6,000,000 | | |
$ | 6,555,562 | |
| Accumulated amortization | |
| (136,050 | ) | |
| (550,000 | ) | |
| (686,050 | ) |
| | |
$ | 419,512 | | |
$ | 5,450,000 | | |
$ | 5,869,512 | |
| Note 1: | On January 10, 2023 (the “Agreement Date”), the Group entered into an intellectual property purchase agreement effective on January 16, 2023 (the “Effective Time”) with SeeQuestor Limited (“SeeQuestor”), a company providing video analytics technology incorporated and registered in England and Wales. |
|
| Schedule of Amortization on Intangible Assets |
Details of amortization on intangible assets are
as follows:
| | |
Year ended
December 31,
2024 | | |
Year ended
December 31,
2023 | | |
Year ended
December 31,
2022 | |
| Selling and marketing expenses | |
$ | 356 | | |
$ | 5,131 | | |
$ | 425,720 | |
| General and administrative expenses | |
| 264,111 | | |
| 152,925 | | |
| 22,914 | |
| Research and development expenses | |
| 556,734 | | |
| 567,975 | | |
| 1,238,984 | |
| | |
$ | 821,201 | | |
$ | 726,031 | | |
$ | 1,687,618 | |
|