| Schedule of Loss Before Tax |
The Group’s loss before tax is
arrived at after charging/(crediting):
| | |
Notes | |
2025 | | |
2024 | | |
2023 | |
| | |
| |
US$ | | |
US$ | | |
US$ | |
| | |
| |
| | |
| | |
| |
| Amortization of development costs | |
11 | |
| 103,513 | | |
| 3,021,933 | | |
| 6,202,250 | |
| Depreciation of property and equipment (included in general, administrative and other operating expenses**) | |
12 | |
| 165,847 | | |
| 309,033 | | |
| 218,471 | |
| Depreciation of right-of-use assets (included in general, administrative and other operating expenses**) | |
13(a) | |
| 743,146 | | |
| 712,003 | | |
| 743,956 | |
| | |
| |
| | | |
| | | |
| | |
| Employee benefit expense: | |
| |
| | | |
| | | |
| | |
| Salaries, allowances and other benefits | |
| |
| 14,099,846 | | |
| 20,310,898 | | |
| 18,392,916 | |
| Equity-settled share-based payment expense | |
| |
| 1,288,714 | | |
| 3,179,214 | | |
| 6,629,044 | |
| Other long-term employee benefits expense/(credit) | |
| |
| - | | |
| - | | |
| 109,702 | |
| Pension scheme contributions (defined contribution scheme) | |
| |
| 895,286 | | |
| 1,322,973 | | |
| 1,179,399 | |
| Retirement benefits expense | |
| |
| 62,602 | | |
| 79,131 | | |
| 56,672 | |
| Less: | |
| |
| | | |
| | | |
| | |
| Amount capitalized | |
| |
| (105,473 | ) | |
| (677,370 | ) | |
| (1,357,537 | ) |
| Government grant recognized* | |
| |
| (50,731 | ) | |
| (64,232 | ) | |
| (78,703 | ) |
| | |
| |
| 16,190,244 | | |
| 24,150,614 | | |
| 24,931,493 | |
| | |
| |
| | | |
| | | |
| | |
| Lease payments not included in measurement of lease liabilities (included in general, administrative and other operating expenses) | |
13(c) | |
| 11,002 | | |
| 11,126 | | |
| 42,931 | |
| Provision for expected credit losses | |
14 | |
| 26,324 | | |
| 112,122 | | |
| 3,757 | |
| Written off/Impairment of intangible assets | |
11 | |
| 1,193,246 | | |
| 4,541,074 | | |
| 3,105,507 | |
| Changes in fair value of other derivative financial instruments (included in changes in fair value of financial instruments) | |
19 | |
| - | | |
| - | | |
| 9,536,904 | |
| Changes in fair value of warrant liabilities (included in changes in fair value of financial instruments) | |
20 | |
| (262,830 | ) | |
| (446,811 | ) | |
| 47,796,528 | |
| Other equity-settled transactions (included in general, administrative and other operating expenses) | |
24 | |
| - | | |
| - | | |
| 500,000 | |
| Gain on disposal of items of property and equipment, net (included in other income) | |
| |
| (1,438 | ) | |
| (7,068 | ) | |
| (3,690 | ) |
| | |
| |
| | | |
| | | |
| | |
| Gain on disposal of assets in Malaysian operations (included in other income/expenses) | |
| |
| - | | |
| (600,000 | ) | |
| - | |
| Reversal of provision for expected credit losses | |
| |
| | | |
| - | | |
| (1,558 | ) |
| Foreign exchange differences, net | |
| |
| (4,818,410 | ) | |
| 4,783,117 | | |
| (656,605 | ) |
Cost of revenue (included impairment of other asset of US$316,113,(2024:
nil, 2023: nil)) | |
| |
| 37,283,631 | | |
| 46,179,969 | | |
| 43,929,982 | |
| * | Various government grants have been received for employment support schemes in related to job support schemes. |
| ** | For the year ended December 31, 2025, other than these depreciation, general, administrative and other operating expenses mainly include legal and professional fees of US$3,224,000, written off/impairment of intangible assets of US$1,193,246, insurance costs of US$734,593, investor relation costs of US$565,982 and other office and corporate cost. |
|