| Schedule of Management Monitors the Results of the Group’s Operating Segments |
Management monitors the results of the
Group’s operating segments separately for the purpose of assessing performance and making decisions about resource allocations.
Segment performance is evaluated based on reportable segment results which is a measure of operating profit/(loss) before tax.
| | |
Hong Kong | | |
Singapore | | |
Philippines | | |
Taiwan | | |
Total | |
| | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| Year ended December 31, 2025 | |
| | |
| | |
| | |
| | |
| |
| Segment revenue | |
| | | |
| | | |
| | | |
| | | |
| | |
| Sales to external customers | |
| 31,116,926 | | |
| 30,933,640 | | |
| 7,372,109 | | |
| 4,003,706 | | |
| 73,426,381 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment profit/(loss) (Note) | |
| 1,559,363 | | |
| (86,764 | ) | |
| (1,662,319 | ) | |
| (109,698 | ) | |
| (299,418 | ) |
| Reconciliation: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| | | |
| | | |
| | | |
| | | |
| 581,768 | |
| Finance costs | |
| | | |
| | | |
| | | |
| | | |
| (53,853 | ) |
| Depreciation and amortization | |
| | | |
| | | |
| | | |
| | | |
| (1,012,507 | ) |
| Written off of intangible assets | |
| | | |
| | | |
| | | |
| | | |
| (1,193,246 | ) |
| Equity-settled share-based payment expense | |
| | | |
| | | |
| | | |
| | | |
| (1,288,714 | ) |
| Changes in fair value of financial instruments | |
| | | |
| | | |
| | | |
| | | |
| 262,829 | |
| Unrealized foreign exchange differences, net | |
| | | |
| | | |
| | | |
| | | |
| 4,800,870 | |
| Technology costs – other corporate | |
| | | |
| | | |
| | | |
| | | |
| (2,811,975 | ) |
| Investor relations costs – other corporate | |
| | | |
| | | |
| | | |
| | | |
| (565,982 | ) |
| Legal and professional fees – other corporate | |
| | | |
| | | |
| | | |
| | | |
| (2,646,323 | ) |
| Other corporate costs | |
| | | |
| | | |
| | | |
| | | |
| (912,019 | ) |
| Loss before tax | |
| | | |
| | | |
| | | |
| | | |
| (5,138,570 | ) |
| | |
Hong Kong | | |
Singapore | | |
Philippines | | |
Taiwan | | |
Malaysia | | |
Other Asia | | |
Unallocated | | |
Total | |
| | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| Year ended December 31, 2024 | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Segment revenue | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Sales to external customers | |
| 30,443,311 | | |
| 30,890,285 | | |
| 12,843,932 | | |
| 5,136,523 | | |
| 196,695 | | |
| - | | |
| - | | |
| 79,510,746 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment loss | |
| (2,585,990 | ) | |
| (6,501,311 | ) | |
| (1,726,411 | ) | |
| (1,331,595 | ) | |
| (552,509 | ) | |
| (88,113 | ) | |
| (11,432,169 | ) | |
| (24,218,098 | ) |
| Reconciliation: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 1,478,436 | |
Gain on disposal of assets in Malaysian operations | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 600,000 | |
| Finance costs | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (25,472 | ) |
| Depreciation and amortization | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (4,042,969 | ) |
| Impairment of intangible assets | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (4,541,074 | ) |
| Equity-settled share-based payment expense | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (3,179,214 | ) |
| Changes in fair value of financial instruments | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 446,811 | |
| Unrealized foreign exchange differences, net | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (4,196,831 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss before tax | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (37,678,411 | ) |
| | |
Hong Kong | | |
Singapore | | |
Philippines | | |
Taiwan | | |
Malaysia | | |
Other Asia | | |
Unallocated | | |
Total | |
| | |
| US$ | | |
| US$ | | |
| US$ | | |
| US$ | | |
| US$ | | |
| US$ | | |
| US$ | | |
| US$ | |
| Year ended December 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment revenue | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Sales to external customers | |
| 26,947,177 | | |
| 32,069,713 | | |
| 14,169,389 | | |
| 6,742,747 | | |
| 738,053 | | |
| 4,002 | | |
| - | | |
| 80,671,081 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment profit/(loss) | |
| 680,500 | | |
| (1,579,640 | ) | |
| 768,659 | | |
| (826,446 | ) | |
| (485,596 | ) | |
| (105,546 | ) | |
| (5,216,442 | ) | |
| (6,764,511 | ) |
| Reconciliation: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest income | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 872,503 | |
| Finance costs | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (19,028,007 | ) |
| Depreciation and amortization | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (7,164,677 | ) |
| Impairment of intangible assets | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (3,105,507 | ) |
| Equity-settled share-based payment expense | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (6,629,044 | ) |
| Other long-term employee benefits expense | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (109,702 | ) |
| Changes in fair value of financial instruments | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (57,333,432 | ) |
| Share-based payment on listing | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (67,027,178 | ) |
| Transaction expenses | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (6,643,367 | ) |
| Other equity-settled transactions | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (500,000 | ) |
| Unrealized foreign exchange differences, net | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 895,392 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss before tax | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| (172,537,530 | ) |
|