v3.25.2
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of right-of-use assets and lease liabilities

Right-of-use assets and lease liabilities, as of December 31, 2024 and 2023, are as follows:

 

   Line Items  2024   2023 
   Financial Statement  December 31, 
   Line Items  2024   2023 
      US$   US$ 
            
Right-of-use assets:             
Operating lease  Right-of-use assets   349,240    154,234 
Total right-of-use assets      349,240    154,234 
              
Lease liabilities:             
Current liabilities             
Operating lease  Current portion of lease liabilities   171,909    152,325 
Total operating lease      171,909    152,325 
              
Non-current liabilities             
Operating lease  Other payables   156,647    - 
Total non-current operating lease      156,647    - 
  
Schedule of lease costs

The components of lease costs are as follows:

 

   2024   2023 
   Years ended December 31, 
   2024   2023 
   US$   US$ 
         
Operating lease costs   644,730    1,123,046 
Short-term lease costs   82,596    141,889 
Finance lease costs:          
Depreciation   -    - 
Interest on finance lease liabilities   -    - 
Total lease costs   727,326    1,264,935 
  
Schedule of other information related to leases

Other information related to leases is as follows:

 

   December 31, 
   2024 
   US$ 
     
Weighted Average Remaining Lease Term     
Operating lease   16.5 
Weighted Average Discount Rate     
Operating lease   8.6%
  
Schedule of cashflows related to leases

Cash flows related to leases are as follows:

 

   2024   2023 
   Years ended December 31, 
   2024   2023 
   US$   US$ 
         
Cash flows from operating activities:          
Payments for operating lease liabilities   213,708    199,447 
Cash flows from financing activities:          
Principal payments on finance lease obligation   -    - 
Supplemental Cash Flow Data:          
Right-of-use assets obtained in exchange for new operating lease obligations   388,020    7,350 
  
Schedule of future minimum lease payments under non-cancellable operating leases

Future minimum lease payments under non-cancellable operating leases as of December 31, 2024 are as follows:

 

   Operating lease 
   US$ 
     
For the year ending December 31,    
2025   194,984 
2026   162,487 
Total future minimum lease payment   357,471 
Less: imputed interest   (28,915)
Total lease liabilities   328,556 
  
Seamless Group Inc [Member]    
Schedule of lease costs  

The components of lease costs are as follows:

 

   2023   2022 
   Years ended December 31, 
   2023   2022 
   US$   US$ 
         
Operating lease costs   1,123,046    1,168,188 
Short-term lease costs   141,889    80,217 
Finance lease costs:          
Depreciation   -    2,938 
Interest on finance lease liabilities   -    406 
Total lease costs   1,264,935    1,251,749 
Schedule of cashflows related to leases  

Cash flows related to leases are as follows:

 

   2023   2022 
   Years ended December 31, 
   2023   2022 
   US$   US$ 
         
Cash flows from operating activities:          
Payments for operating lease liabilities   199,447    172,711 
Cash flows from financing activities:          
Principal payments on finance lease obligation   -    61,048 
Supplemental Cash Flow Data:          
Right-of-use assets obtained in exchange for new operating lease obligations   7,350    376,428 
Schedule of right of use assets and lease liabilities  

Right-of-use assets and lease liabilities, as of December 31, 2023 and 2022, are as follows:

 

   Line Items  2023   2022 
   Financial Statement  December 31, 
   Line Items  2023   2022 
      US$   US$ 
            
Right-of-use assets:             
Operating lease  Right-of-use assets   154,234    342,432 
Total right-of-use assets      154,234    342,432 
              
Lease liabilities:             
Current liabilities             
Operating lease  Current portion of lease liabilities   152,325    174,061 
Total current operating lease liabilities      152,325    174,061 
              
Non-current liabilities             
Operating lease  Other payables   -    158,895 
Total non- current operating liabilities      -    158,895 
Schedule of other information related to leases  

Other information related to leases is as follows:

 

   December 31, 
   2023 
   US$ 
     
Weighted Average Remaining Lease Term     
Operating lease   10.5 
Weighted Average Discount Rate     
Operating lease   8.6%
Schedule of future minimum lease payments under non cancelable operating leases  

Future minimum lease payments under non-cancelable operating leases as of December 31, 2023 are as follows:

 

   Operating lease 
    US$ 
      
For the year ending December 31,     
2024   157,991 
2025   - 
Lease liabilities (Gross)   157,991 
Less: imputed interest   (5,666)
Total lease liabilities   152,325