Other borrowings consist of the following:
SCHEDULE OF OTHER BORROWINGS
Facility agreement
entered date | |
Provider | |
Facilities | |
Interest rate | |
Utilized as of December 31, | |
| | |
| |
| |
| |
2024 | | |
2023 | |
| March 8, 2022 | |
JS Alternatives JV Fund (“JS”) | |
Loan | |
15% p.a. | |
$ | — | | |
$ | 448,250 | |
| April 20, 2022 | |
JS | |
Loan | |
15% p.a. | |
| — | | |
| 192,107 | |
| April 28, 2024 | |
CJI Holdings Limited | |
Loan | |
36% p.a. | |
| 321,936 | | |
| — | |
| | |
| |
| |
Total: | |
$ | 321,936 | | |
$ | 640,357 | |
| Classifying as: | |
| | | |
| | |
| Current portion | |
$ | 321,936 | | |
$ | 432,241 | |
| Non-current portion | |
| — | | |
| 208,116 | |
| | |
$ | 321,936 | | |
$ | 640,357 | |
|