v3.25.2
Equipment, net
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Equipment, net

7 Equipment, net

 

Equipment, net as of December 31, 2024 and 2023 consisted of the following:

 

   2024   2023 
   December 31, 
   2024   2023 
   US$   US$ 
         
Office equipment   427,479    489,396 
Furniture and fittings   160,334    303,331 
Renovation   306,218    1,741,702 
Signboard   2,195    2,195 
Computer peripherals   2,458,627    3,301,853 
Electrical installation   46,492    46,492 
Mobile phone   1,934    10,022 
Motor vehicle   14,536    14,536 
Air conditioners   8,367    8,367 
Total   3,426,182    5,917,894 
Less: accumulated depreciation   (2,370,662)   (4,901,404)
Equipment, net   1,055,520    1,016,490 

 

Depreciation expenses of US$446,485 and US$607,138 were recorded in general and administrative expenses for the years ended December 31, 2024 and 2023, respectively.

 

 
Seamless Group Inc [Member]    
Equipment, net  

7 Equipment, net

 

Equipment, net as of December 31, 2023 and 2022 consisted of the following:

 

   2023   2022 
   December 31, 
   2023   2022 
   US$   US$ 
         
Office equipment   489,396    433,479 
Furniture and fittings   303,331    298,076 
Renovation   1,741,702    1,739,807 
Signboard   2,195    2,195 
Computer peripherals   3,301,853    3,074,341 
Electrical installation   46,492    45,502 
Mobile phone   10,022    9,013 
Motor vehicle   14,536    97,479 
Air conditioners   8,367    4,809 
Total   5,917,894    5,704,701 
Less: accumulated depreciation   (4,901,404)   (4,383,080)
Equipment, net   1,016,490    1,321,621 

 

Depreciation expenses of US$607,138 and US$701,262 were recorded in general and administrative expenses for the years ended December 31, 2023 and 2022, respectively.