v3.25.2
Current liabilities - Warrants Financial Liability (Tables)
 6 Months Ended
Jun. 30, 2025
Current liabilities - Warrants Financial Liability [Abstract]  
Schedule of Current Liabilities - Warrants Financial Liability
   June 30,
2025		   December 31,
2024		 
   $   $ 
   Unaudited      
           
Warrants at fair value   2,623,773    5,140,921 
Schedule of Assumptions were Based on Observable Market Conditions

The following assumptions were based on observable market conditions that existed at December 31, 2024 and June 30, 2025:

 

Assumption  At December 31, 2024   At June 30, 2025 
Fair value hierarchy  Level 1   Level 1   Level 1   Level 1 
Exercise price  $5.0   $5.16   $5.0   $5.16 
Warrant price  $0.800   $0.800   $0.370   $0.370 
Fair value per warrant  $0.800   $0.800   $0.370   $0.370 

The following assumptions were based on observable market conditions that existed at issued date and of June 30, 2025:

 

  At December 31, 2024   At June 30, 2025 
Assumption
Fair value hierarchy		 

Pre-funded

Level 2

  

Regular

Level 2

  

Regular

Level 2

 
Historical volatility   92.0%   92.0%   112.7%
Exercise price  $0.000   $1.550   $1.550 
Share price  $3.810   $3.810   $2.520 
Risk-free interest rate   4.4%   4.4%   3.7%
Dividend yield   0%   0%   0%
Fair value per warrant  $3.810   $2.260   $1.244 
Schedule of Changes in Warrants Issued

A summary of changes in August 2022 Warrants and January 2024 Warrants issued by the Company during the year ended June 30, 2025, is as follows:

 

   Fair value measurements using input type 
   Level 1   Level 2   Level 3   Total 
Balance as of December 31, 2024  $2,345,084   $2,795,837    
-
   $5,140,921 
Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income   (1,259,897)   (1,257,251)   
-
    (2,517,148)
Warrant liability as of June 30, 2025  $1,085,187   $1,538,586    
-
   $2,623,773