v3.25.2
Schedule of purchase price of acquisition (Details) - USD ($)
Jun. 02, 2022
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
 [1]
Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]            
Goodwill   $ 12,059,428 $ 12,059,428 $ 27,001,383    
Seamless Group Inc [Member]            
Restructuring Cost and Reserve [Line Items]            
Goodwill       $ 27,001,383 $ 27,001,383 $ 19,229,528
Dynamic Indonesia Holdings Limited [Member]            
Restructuring Cost and Reserve [Line Items]            
Net assets acquired [2] $ (1,510,899)          
Goodwill [3] 7,771,855          
Non-controlling interests [4] (3,931,441)          
Total 2,329,515          
Cash consideration 200,000          
Fair value of previously held equity interests 2,129,515          
Dynamic Indonesia Holdings Limited [Member] | Seamless Group Inc [Member]            
Restructuring Cost and Reserve [Line Items]            
Cash consideration 200,000          
Fair value of previously held equity interests 2,129,515          
Dynamic Investment Holdings Limited [Member] | Seamless Group Inc [Member]            
Restructuring Cost and Reserve [Line Items]            
Net assets acquired [5] (1,510,899)          
Goodwill [6] 7,771,855          
Non-controlling interests [7] (3,931,441)          
Total $ 2,329,515          
[1] Periods presented have been adjusted. Additional information regarding the adjustment may be found in Note 3 - Restatement of Previously Issued Financial Statements, included elsewhere in the notes to the financial statements.
[2] Net assets acquired primarily included accounts receivables and other receivables of approximately US$0.6 million, property and equipment of approximately US$0.2 million, operating lease right-of-use assets relating to land use rights of approximately US$0.1 million and other assets of approximately US$1.6 million and liabilities of approximately US$4.1 million as of the date of acquisition.
[3] Goodwill arose on the acquisition from the expected synergies from combining our existing airtime operations with those of Dynamic Indonesia Holdings Limited.
[4] An independent valuation firm was hired by Noble Tack International Limited to value it shares in Dynamic Indonesia at approximately the date of the acquisition. The firm used market approach Price-to-Sales multiple-based methodology to determine the value.
[5] Net assets acquired primarily included accounts receivables and other receivables of approximately US$0.6 million, property and equipment of approximately US$0.2 million, operating lease right-of-use assets relating to land use rights of approximately US$0.1 million and other assets of approximately US$1.6 million and liabilities of approximately US$4.1 million as of the date of acquisition.
[6] Goodwill arose on the acquisition from the expected synergies from combining our existing airtime operations with those of Dynamic Indonesia Holdings Limited.
[7] An independent valuation firm was hired by Noble Tack International Limited to value it shares in Dynamic Indonesia at approximately the date of the acquisition. The firm used market approach Price-to-Sales multiple-based methodology to determine the value.