Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) |
3 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Revenue | $ 10,055,569 | $ 13,104,123 | $ 46,435,412 | $ 53,255,361 | ||||||||
Cost of revenue | (6,854,172) | (8,696,562) | (31,843,467) | (35,899,057) | ||||||||
Gross profit | 3,201,397 | 4,407,561 | 14,591,945 | 17,356,304 | ||||||||
Selling expenses | 3,987 | 13,408 | 25,880 | |||||||||
General and administrative expenses | 7,522,252 | 5,824,208 | 41,954,296 | 23,976,209 | ||||||||
Loss from operations | (4,320,855) | (1,420,634) | (27,375,759) | (6,645,785) | ||||||||
Other income: | ||||||||||||
Finance costs, net | (1,087,313) | (1,311,363) | (8,515,214) | (8,002,552) | ||||||||
Other income | 969,691 | 189,735 | (2,193,865) | 839,606 | ||||||||
Other expenses | (402) | (19,137) | (163,621) | (85,574) | ||||||||
Loss before income tax | (4,438,879) | (2,561,399) | (38,248,459) | (13,894,305) | ||||||||
Income tax expense | (48,479) | (70,529) | (578,303) | (523,481) | ||||||||
Net loss | (4,487,358) | (2,631,928) | (38,826,762) | (14,417,786) | ||||||||
Net income attributable to non-controlling interests | (187,000) | (403,056) | (648,559) | (888,764) | ||||||||
Net loss attributable to Seamless Group Inc. | $ (4,674,358) | $ (3,034,984) | $ (39,475,321) | $ (15,306,550) | ||||||||
Shares used in loss per share computation, basic | 35,374,891 | [1] | 33,980,753 | [1] | 38,163,168 | 33,980,753 | ||||||
Shares used in loss per share computation, diluted | 35,374,891 | [1] | 33,980,753 | [1] | 38,163,168 | 33,980,753 | ||||||
Loss per share, basic | $ (0.13) | [1] | $ (0.09) | [1] | $ (1.03) | $ (0.45) | ||||||
Loss per share,diluted | $ (0.13) | [1] | $ (0.09) | [1] | $ (1.03) | $ (0.45) | ||||||
Other comprehensive income (loss): | ||||||||||||
Foreign currency translation adjustments | $ 171,532 | $ 368,135 | $ (209,531) | $ 10,608 | ||||||||
Total comprehensive loss | (4,315,826) | (2,263,793) | (39,036,293) | (14,407,178) | ||||||||
Total comprehensive income attributable to non-controlling interests | (228,069) | (407,798) | (649,980) | (871,614) | ||||||||
Total comprehensive loss attributable to Seamless Group Inc. | $ (4,543,895) | $ (2,671,591) | $ (39,686,273) | (15,278,792) | ||||||||
Seamless Group Inc [Member] | ||||||||||||
Revenue | 53,255,361 | $ 55,500,917 | ||||||||||
Cost of revenue | (35,899,057) | (39,880,947) | ||||||||||
Gross profit | 17,356,304 | 15,619,970 | ||||||||||
Selling expenses | 25,880 | 95,174 | ||||||||||
General and administrative expenses | 23,976,209 | 25,539,467 | ||||||||||
Loss from operations | (6,645,785) | (10,014,671) | ||||||||||
Other income: | ||||||||||||
Finance costs, net | (8,002,552) | (8,200,112) | ||||||||||
Other income | 839,606 | 3,405,486 | ||||||||||
Other expenses | (85,574) | (802,634) | ||||||||||
Loss before income tax | (13,894,305) | (15,611,931) | ||||||||||
Income tax expense | (523,481) | (113,782) | ||||||||||
Net loss | (14,417,786) | (15,725,713) | [2] | |||||||||
Net income attributable to non-controlling interests | (888,764) | (952,422) | ||||||||||
Net loss attributable to Seamless Group Inc. | $ (15,306,550) | $ (16,678,135) | ||||||||||
Shares used in loss per share computation, basic | 58,030,000 | 58,030,000 | ||||||||||
Shares used in loss per share computation, diluted | 58,030,000 | 58,030,000 | ||||||||||
Loss per share, basic | $ (0.26) | $ (0.29) | ||||||||||
Loss per share,diluted | $ (0.26) | $ (0.29) | ||||||||||
Other comprehensive income (loss): | ||||||||||||
Foreign currency translation adjustments | $ 10,608 | $ 2,402 | ||||||||||
Total comprehensive loss | (14,407,178) | (15,723,311) | ||||||||||
Total comprehensive income attributable to non-controlling interests | (871,614) | (966,184) | ||||||||||
Total comprehensive loss attributable to Seamless Group Inc. | (15,278,792) | (16,689,495) | ||||||||||
InFint Acquisition Corporation [Member] | ||||||||||||
Formation and operating costs | 1,819,312 | 3,756,538 | ||||||||||
Administrative expenses from related party | 208,395 | 287,618 | ||||||||||
Loss from operations | (2,027,707) | (4,044,156) | ||||||||||
Other income: | ||||||||||||
Interest earned on marketable securities held in Trust Account | 5,175,207 | 2,932,192 | ||||||||||
Net loss | 3,147,500 | (1,111,964) | ||||||||||
InFint Acquisition Corporation [Member] | Common Class A [Member] | ||||||||||||
Other income: | ||||||||||||
Net loss | $ (2,003,234) | $ 860,883 | ||||||||||
Shares used in loss per share computation, basic | 10,024,516 | 19,999,880 | ||||||||||
Shares used in loss per share computation, diluted | 10,024,516 | 19,999,880 | ||||||||||
Loss per share, basic | $ 0.20 | $ (0.04) | ||||||||||
Loss per share,diluted | $ 0.20 | $ (0.04) | ||||||||||
InFint Acquisition Corporation [Member] | Common Class B [Member] | ||||||||||||
Other income: | ||||||||||||
Net loss | $ (1,165,646) | $ 251,081 | ||||||||||
Shares used in loss per share computation, basic | 5,833,083 | 5,833,083 | ||||||||||
Shares used in loss per share computation, diluted | 5,833,083 | 5,833,083 | ||||||||||
Loss per share, basic | $ 0.20 | $ (0.04) | ||||||||||
Loss per share,diluted | $ 0.20 | $ (0.04) | ||||||||||
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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