| Schedule of Changes in Liabilities from Financing Activities |
| | |
2023 | |
| | |
Short-term
borrowings | | |
Financial liabilities at fair value through profit or loss | | |
Long-term borrowings (including
current portion) | | |
Guarantee
deposits (shown as other non-current liabilities) | | |
Lease
liabilities | | |
Total liabilities
from financing
activities | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| January 1 | |
$ | 976,880 | | |
$ | 32,853,324 | | |
$ | 5,024,999 | | |
$ | - | | |
$ | 710,317 | | |
$ | 39,565,520 | |
| Cash inflow from financing activities | |
| 1,397,615 | | |
| - | | |
| 3,083,996 | | |
| 27,171 | | |
| - | | |
| 4,508,782 | |
| Cash outflow from financing activities | |
| (320,718 | ) | |
| - | | |
| (2,827,853 | ) | |
| - | | |
| (782,117 | ) | |
| (3,930,688 | ) |
| Interest paid (Note1) | |
| - | | |
| - | | |
| - | | |
| - | | |
| (42,419 | ) | |
| (42,419 | ) |
| Payment of contingent consideration (Note 2) | |
| - | | |
| (400,000 | ) | |
| - | | |
| - | | |
| - | | |
| (400,000 | ) |
| Gain on valuation of financial liabilities at fair value through profit or loss | |
| - | | |
| (5,480,914 | ) | |
| - | | |
| - | | |
| - | | |
| (5,480,914 | ) |
| Preferred shares conversion | |
| - | | |
| (26,911,070 | ) | |
| - | | |
| - | | |
| - | | |
| (26,911,070 | ) |
| Acquisition through business combinations | |
| 3,239,093 | | |
| - | | |
| 210,333 | | |
| 105,957 | | |
| 6,098,825 | | |
| 9,654,208 | |
| Changes in other non-cash items | |
| - | | |
| - | | |
| - | | |
| - | | |
| 66,641 | | |
| 66,641 | |
| Effects of foreign currency exchange | |
| (42,637 | ) | |
| (676 | ) | |
| 1,206 | | |
| (1,521 | ) | |
| (90,458 | ) | |
| (134,086 | ) |
| December 31 | |
$ | 5,250,233 | | |
$ | 60,664 | | |
$ | 5,492,681 | | |
$ | 131,607 | | |
$ | 5,960,789 | | |
$ | 16,895,974 | |
| | |
2024 | |
| | |
Short-term
borrowings | | |
Financial liabilities at fair value through profit or loss | | |
Long-term borrowings (including
current portion) | | |
Guarantee
deposits (shown as other non-current liabilities) | | |
Lease
liabilities | | |
Total liabilities
from financing
activities | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| January 1 | |
$ | 5,250,233 | | |
$ | 60,664 | | |
$ | 5,492,681 | | |
$ | 131,607 | | |
$ | 5,960,789 | | |
$ | 16,895,974 | |
| Cash inflow from financing activities | |
| 1,861,076 | | |
| 6,475,471 | | |
| 7,857,361 | | |
| 119,140 | | |
| - | | |
| 16,313,048 | |
| Cash outflow from financing activities | |
| (4,323,616 | ) | |
| - | | |
| (5,055,675 | ) | |
| - | | |
| (1,001,160 | ) | |
| (10,380,451 | ) |
| Interest paid (Note 1) | |
| - | | |
| - | | |
| - | | |
| - | | |
| (66,640 | ) | |
| (66,640 | ) |
| Loss on valuation of financial liabilities at fair value through profit or loss | |
| - | | |
| 676,564 | | |
| - | | |
| - | | |
| - | | |
| 676,564 | |
| Acquisition through business combinations (Note 3) | |
| - | | |
| 4,612,649 | | |
| 269,437 | | |
| 125 | | |
| - | | |
| 4,882,211 | |
| Changes in other non-cash items (Note 4 and 5) | |
| (1,402,583 | ) | |
| (2,522,580 | ) | |
| 902,583 | | |
| - | | |
| 652,036 | | |
| (2,370,544 | ) |
| Effects of foreign currency exchange | |
| (309,206 | ) | |
| (2,681 | ) | |
| (435,192 | ) | |
| (3 | ) | |
| (541,472 | ) | |
| (1,288,554 | ) |
| December 31 | |
$ | 1,075,904 | | |
$ | 9,300,087 | | |
$ | 9,031,195 | | |
$ | 250,869 | | |
$ | 5,003,553 | | |
$ | 24,661,608 | |
| | |
2025 | |
| | |
Short-term
borrowings | | |
Financial liabilities at fair value through profit or loss | | |
Long-term borrowings (including
current portion) | | |
Guarantee
deposits (shown as other non-current liabilities) | | |
Lease
liabilities | | |
Total liabilities
from financing
activities | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| January 1 | |
$ | 1,075,904 | | |
$ | 9,300,087 | | |
$ | 9,031,195 | | |
$ | 250,869 | | |
$ | 5,003,553 | | |
$ | 24,661,608 | |
| Cash inflow from financing activities | |
| 5,089,966 | | |
| 1,875,000 | | |
| 4,012,261 | | |
| - | | |
| - | | |
| 10,977,227 | |
| Cash outflow from financing activities | |
| (2,681,861 | ) | |
| (1,535,473 | ) | |
| (5,760,673 | ) | |
| (242,469 | ) | |
| (936,623 | ) | |
| (11,157,099 | ) |
| Interest paid (Note 1) | |
| - | | |
| - | | |
| - | | |
| - | | |
| (65,137 | ) | |
| (65,137 | ) |
| Loss on valuation of financial liabilities at fair value through profit or loss | |
| - | | |
| (606,825 | ) | |
| - | | |
| - | | |
| - | | |
| (606,825 | ) |
| Changes in other non-cash items (Note 5) | |
| - | | |
| (3,593,245 | ) | |
| - | | |
| - | | |
| (227,794 | ) | |
| (3,821,039 | ) |
| Effects of foreign currency exchange | |
| 37,352 | | |
| - | | |
| 386,606 | | |
| - | | |
| 48,486 | | |
| 472,444 | |
| December 31 | |
$ | 3,521,361 | | |
$ | 5,439,544 | | |
$ | 7,669,389 | | |
$ | 8,400 | | |
$ | 3,822,485 | | |
$ | 20,461,179 | |
| | Note 1: | presented in cashflows from operating activities. | | | | | | | Note 2: | presented in cashflows from investing activities. | | | | | | | Note 3: | financial liabilities at fair value through profit or loss that were acquired through business combination in 2024 includes Green Quest acquisition contingent consideration $(1,440,519) and the 2024 Sponsor Promissory Notes $(2,562,102) and warrants $(610,028) that were issued related to the Merger with Blue Ocean. | | | | | | | Note 4: | Changes in other non-cash items for short-term borrowings include reclassification of short-term borrowing to long-term borrowing $(3,022,580) due to contract extension and termination of short-term borrowing excluding accumulated interest $(500,000) in exchange for convertible promissory notes. | | | | | | | Note 5: | Changes in other non-cash items for financial liabilities at fair value through profit or loss is due to convertibles notes that were converted into the Company’s ordinary shares during the period. |
|