Convertible bonds and notes (Details Narrative) - USD ($)
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1 Months Ended |
3 Months Ended |
12 Months Ended |
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Dec. 31, 2024 |
Aug. 30, 2024 |
Sep. 14, 2023 |
Dec. 09, 2022 |
Feb. 28, 2022 |
Feb. 08, 2022 |
Jan. 31, 2022 |
Sep. 14, 2021 |
Sep. 13, 2021 |
Sep. 14, 2018 |
Aug. 30, 2024 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Sep. 11, 2023 |
Short-Term Debt [Line Items] |
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Debt converted |
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$ 17,000,000
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Warrants price per share |
$ 0.01
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$ 0.01
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$ 0.01
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Proceeds from convertible debt |
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$ 1,750,000
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Convertible promissory note had a fair value |
$ 2,000,000
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$ 1,282,200
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$ 1,282,200
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2,000,000
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Debt of bears interest at a rate per annum |
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12.00%
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Convertible conversion price per share |
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$ 10.00
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$ 10.00
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Amortization of the discount on convertible bonds |
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807,860
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Pricipal amount of debt |
$ 1,750,000
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1,750,000
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10,000,000
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Debt conversion, converted instrument, warrants or options issued |
136,110
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136,110
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Debt converted |
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$ 17,000,000
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Debt discount |
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Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Convertible bonds |
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10,000,000
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$ 10,000,000
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Amortization of the discount on convertible bonds |
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807,860
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3,438,950
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[1] |
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Pricipal amount of debt |
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$ 7,500,000
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Accrued interest |
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7,614,719
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3,990,177
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Principal amount |
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Debt discount |
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807,860
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Convertible Promissory Note [Member] |
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Short-Term Debt [Line Items] |
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Convertible promissory note had a fair value |
1,750,000
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$ 1,750,000
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1,750,000
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Pricipal amount of debt |
1,750,000
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1,750,000
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10,000,000
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Convertible Bond A [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Convertible bonds |
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Interest rate |
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12.00%
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Convertible conversion price per share |
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$ 12,870.50
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Pricipal amount of debt |
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$ 22,500,000
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$ 30,000,000
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Debt instrument maturity date |
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Sep. 14, 2021
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Debt instrument redemption description |
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By a redemption notice dated December 6, 2021, the bond holder applied to exercise the redemption right, on December
24, 2021. The Company then agreed to amend and supplement Convertible Bond B by entering into the supplemental deed signed on December
20, 2021. The supplemental deed stipulates that the US$18,000,000 redemption right will be exercisable in three stages
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Loss on extinguishment of debt |
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$ 119,155
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Debt discount |
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2,134,031
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Amended and Restated Convertible Bond A [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Interest rate |
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15.00%
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Pricipal amount of debt |
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$ 27,000,000
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Debt instrument maturity date |
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Sep. 14, 2023
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Accrued interest |
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$ 4,500,000
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Annual interest rate |
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24.00%
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Convertible Bond B [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Convertible bonds |
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$ 18,000,000
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Debt discount |
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6,634,030
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Convertible Bond B [Member] | Seamless Group Inc [Member] | Debt Instrument, Redemption, Period One [Member] |
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Short-Term Debt [Line Items] |
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Debt redemption amount |
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7,000,000
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Convertible Bond B [Member] | Seamless Group Inc [Member] | Debt Instrument, Redemption, Period Two [Member] |
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Short-Term Debt [Line Items] |
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Debt redemption amount |
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$ 5,000,000
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Convertible Band C [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Convertible conversion price per share |
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$ 6.21335
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Annual interest rate |
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24.00%
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Debt instrument redeemed bond |
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$ 7,000,000
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Debt instrument addition bond |
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$ 1,000,000
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$ 1,500,000
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$ 1,000,000
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$ 1,000,000
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Principal amount |
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$ 7,500,000
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Convertible Band D [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Principal amount |
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$ 10,000,000
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Convertible Bond E [Member] |
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Short-Term Debt [Line Items] |
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Pricipal amount of debt |
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10,000,000
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Convertible Bond E [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Convertible bonds |
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10,000,000
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Principal amount |
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$ 10,000,000
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Convertible Bond C [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Convertible bonds |
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Debt discount |
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$ 49,353
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Convertible Bond [Member] | Seamless Group Inc [Member] |
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Short-Term Debt [Line Items] |
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Amortization of the discount on convertible bonds |
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$ 3,438,951
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$ 2,814,474
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Convertible Debt [Member] |
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Short-Term Debt [Line Items] |
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Amortization of the discount on convertible bonds |
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662,244
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Third Amendment Agreement [Member] |
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Short-Term Debt [Line Items] |
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Convertible bonds |
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$ 10,000,000
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Interest rate |
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15.00%
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Note Purchase Agreement [Member] | Convertible Debt [Member] |
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Short-Term Debt [Line Items] |
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Convertible promissory note had a fair value |
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$ 1,750,000
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$ 1,750,000
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Debt of bears interest at a rate per annum |
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12.00%
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Convertible conversion price per share |
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$ 10.00
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$ 10.00
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Debt instrument, maturity date, description |
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The Company also has the right to convert the Convertible Promissory Note at any time prior to the Maturity Date at 105% of the Conversion Rate. The Company has the right to prepay the Convertible Promissory Note in full at any time for 120% of total outstanding balance after providing at least thirty (30) Business Days advance written notice of such intent.
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Note Purchase Agreement [Member] | Convertible Debt [Member] | Pipe Financing [Member] |
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Short-Term Debt [Line Items] |
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Number of shares issued for commitment fees |
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400,000
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Principal amount |
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$ 1,944,444
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Class of warrant or right, outstanding |
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136,110
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136,110
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Warrants value |
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$ 239,977
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$ 239,977
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Class of warrant or right, number of securities called by each warrant or right |
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136,110
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136,110
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Warrants price per share |
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$ 11.50
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$ 11.50
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Proceeds from convertible debt |
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$ 1,750,000
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Number of shares issued for commitment fees |
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400,000
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Number of shares issued for commitment fees,value |
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$ 2,512,000
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Pricipal amount of debt |
$ 1,944,444
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$ 1,944,444
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$ 1,944,444
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$ 1,944,444
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$ 1,944,444
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