Prepayments, receivables and other assets (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
Dec. 31, 2023 |
| Schedule of prepayments, receivables and other assets |
Schedule
of prepayments, receivables and other assets
| | |
2024 | | |
2023 | |
| | |
December 31, | |
| | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| Contract asset | |
| 3,454,309 | | |
| 6,888,954 | |
| Safeguarding assets | |
| 3,790,176 | | |
| 1,983,116 | |
| Other receivables | |
| 89,029 | | |
| 100,144 | |
| Prefunding to remittances partner | |
| 13,829,321 | | |
| 21,082,897 | |
| Deposits | |
| 316,872 | | |
| 1,402,729 | |
| Goods and services tax/ Value-added tax recoverable | |
| 27,680 | | |
| 26,493 | |
| Prepayments | |
| 1,259,527 | | |
| 553,258 | |
| Airtime stock | |
| 498,728 | | |
| 607,308 | |
| Inventory | |
| 89,111 | | |
| 125,603 | |
| Current tax recoverable | |
| 297,323 | | |
| 360,358 | |
| Others | |
| 1,086,316 | | |
| 1,094,379 | |
| Prepayments,
receivables and other assets | |
| 24,738,392 | | |
| 34,225,239 | |
|
|
| Schedule of movement of contract assets |
Movement
of contract assets are as follows:
Schedule
of movement
of contract assets
| | |
2024 | | |
2023 | |
| | |
December 31, | |
| | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| As at January 1 | |
| 6,888,954 | | |
| 4,657,799 | |
| Rights of consideration for service rendered but not billed | |
| (3,434,645 | ) | |
| 2,231,155 | |
| As at December 31 | |
| 3,454,309 | | |
| 6,888,954 | |
|
|
| Seamless Group Inc [Member] |
|
|
| Schedule of prepayments and other current assets |
|
Schedule of prepayments and other current assets
| | |
2023 | | |
2022 | |
| | |
December 31, | |
| | |
2023 | | |
2022 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| Contract asset | |
| 6,888,954 | | |
| 4,657,799 | |
| Safeguarding assets | |
| 1,983,116 | | |
| 5,787,354 | |
| Other receivables | |
| 100,144 | | |
| 54,425 | |
| Prefunding to remittances partner | |
| 21,082,897 | | |
| 21,896,243 | |
| Deposits | |
| 1,402,729 | | |
| 1,438,316 | |
| Goods and services tax/ Value-added tax recoverable | |
| 26,493 | | |
| 13,842 | |
| Prepayments | |
| 553,258 | | |
| 503,123 | |
| Airtime stock | |
| 607,308 | | |
| 715,755 | |
| Inventory | |
| 125,603 | | |
| 162,227 | |
| Current tax recoverable | |
| 360,358 | | |
| 1,094,332 | |
| Others | |
| 1,094,379 | | |
| 1,240,134 | |
| Total | |
| 34,225,239 | | |
| 37,563,550 | |
|
| Schedule of contract assets |
|
Movement
of contract assets are as follows:
Schedule of contract assets
| | |
December 31, | |
| | |
2023 | | |
2022 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| As at January 1 | |
| 4,657,799 | | |
| 4,189,989 | |
| Rights of consideration for service rendered but not billed | |
| 2,231,155 | | |
| 467,810 | |
| As at December 31 | |
| 6,888,954 | | |
| 4,657,799 | |
|