| Schedule of Prepayments and Other Receivables |
Prepayments and other receivables consist of the
following:
| | |
2025 | | |
2024 | |
| | |
US$ | | |
US$ | |
| Prepaid insurance | |
| 27,438 | | |
| 34,790 | |
| Prepaid Nasdaq fee | |
| 630,000 | | |
| — | |
| Performance fee receivables | |
| 3,936,122 | | |
| — | |
| Receivable from Bsset Technology Limited (note a) | |
| — | | |
| 20,000 | |
| Others | |
| 21,166 | | |
| 32,659 | |
| Total | |
| 4,613,955 | | |
| 87,449 | |
| Allowance for expected credit loss | |
| — | | |
| (2,076 | ) |
| Prepayments and other receivables after allowance for expected credit loss | |
| 4,613,955 | | |
| 85,373 | |
| (a) | On
March 28, 2023, the Company’s subsidiary, Metalpha, entered an investment agreement with Bsset Technology Limited (“Bsset”).
According to the investment agreement, Metalpha transferred approximately US$100,013 to Bsset to invest in a crypto asset portfolio managed
by Bsset. As of May 17, 2023, approximately US$80,010 have been received, while remaining still outstanding. Allowance for expected credit
loss of US$2,076 was recorded in the consolidated statements of profit or loss and comprehensive loss for the year ended March 31, 2024. |
|