| Schedule of Carrying Amounts and Fair Values of the Financial Instruments |
The carrying amounts and fair values of
the Company’s financial instruments, other than those with carrying amounts that reasonably approximate to fair value, are as follows:
| | |
Carrying amount | | |
Fair value | |
| | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Assets | |
| | |
| | |
| | |
| | |
| | |
| |
| Financial assets, at fair value through profit or loss | |
| 15,861 | | |
| - | | |
| - | | |
| 15,861 | | |
| - | | |
| - | |
| Financial assets, at fair value through other comprehensive income | |
| 8,360,497 | | |
| 28,547,482 | | |
| 17,513,555 | | |
| 8,360,497 | | |
| 28,547,482 | | |
| 17,513,555 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Liabilities | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Convertible notes liabilities | |
| - | | |
| - | | |
| 2,930,281 | | |
| - | | |
| - | | |
| 2,930,281 | |
| Warrant liabilities | |
| 428,025 | | |
| 33,305 | | |
| 2,625,440 | | |
| 428,025 | | |
| 33,305 | | |
| 2,625,440 | |
|
| Schedule of Fair Value Measurement Hierarchy |
The following tables illustrate the
fair value measurement hierarchy of the Company’s financial instruments:
| | |
Fair value measurement using | |
| | |
Quoted
prices in
active
markets
(Level 1) | | |
Significant
observable
inputs
(Level 2) | | |
Significant
unobservable
inputs
(Level 3) | | |
Total | |
| | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| December 31, 2024 | |
| | |
| | |
| | |
| |
| Financial assets, at fair value through profit or loss | |
| - | | |
| - | | |
| - | | |
| - | |
| Financial assets, at fair value through other comprehensive income | |
| 903,000 | | |
| - | | |
| 27,644,482 | | |
| 28,547,482 | |
| Financial liabilities, at fair value through profit or loss | |
| - | | |
| 33,305 | | |
| - | | |
| 33,305 | |
| | |
| | | |
| | | |
| | | |
| | |
| December 31, 2025 | |
| | | |
| | | |
| | | |
| | |
| Financial assets, at fair value through other comprehensive income | |
| - | | |
| - | | |
| 17,513,555 | | |
| 17,513,555 | |
| Financial liabilities, at fair value through profit or loss | |
| - | | |
| 5,555,721 | | |
| - | | |
| 5,555,721 | |
|
| Schedule of Movements in Fair Value Measurements |
The movement in the fair value measurements within Level 1
during the years are as follow:
| | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| |
| Financial assets, at fair value through other comprehensive income | |
| | |
| | |
| |
| At January 1 | |
| 2,793,399 | | |
| 8 | | |
| 903,000 | |
| Additions | |
| 80,615 | | |
| 903,000 | | |
| 3,904,416 | |
| Disposals | |
| (3,026,906 | ) | |
| (8 | ) | |
| (5,116,938 | ) |
| Disposal of controlling subsidiaries | |
| - | | |
| - | | |
| (99,478 | ) |
| Fair value changes recognized in other comprehensive income/(loss) | |
| 152,900 | | |
| - | | |
| 409,000 | |
| Currency realignment | |
| - | | |
| - | | |
| - | |
| At December 31 | |
| 8 | | |
| 903,000 | | |
| - | |
The movement in fair value measurements
within Level 3 during the years are as follow:
| | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Financial assets, at fair value through other comprehensive income | |
| | |
| | |
| |
| At January 1 | |
| - | | |
| 8,360,489 | | |
| 27,644,482 | |
| Addition | |
| 10,921,564 | | |
| 46,595,266 | | |
| 41,749,956 | |
| Disposal | |
| (2,948,518 | ) | |
| (17,301,634 | ) | |
| - | |
| Transfer to level 1 | |
| | | |
| (903,000 | ) | |
| (1,688,000 | ) |
| Disposal of controlling subsidiaries | |
| - | | |
| - | | |
| (17,716,438 | ) |
| Fair value changes recognized in other comprehensive income | |
| 365,388 | | |
| (9,009,166 | ) | |
| (32,476,445 | ) |
| Currency realignment | |
| 22,055 | | |
| (97,473 | ) | |
| - | |
| At December 31 | |
| 8,360,489 | | |
| 27,644,482 | | |
| 17,513,555 | |
There were no transfers between Level
2 and Level 3 during the financial year ended December 31, 2025 and 2024.
| | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| |
| Financial liabilities, at fair value through profit and loss | |
| | |
| | |
| |
| At January 1 | |
| - | | |
| 439,409 | | |
| 33,305 | |
| Addition | |
| 1,341,999 | | |
| 3,916,074 | | |
| 5,555,721 | |
| Disposal | |
| (913,974 | ) | |
| (4,310,794 | ) | |
| (33,305 | ) |
| Currency realignment | |
| 11,384 | | |
| (11,384 | ) | |
| - | |
| At December 31 | |
| 439,409 | | |
| 33,305 | | |
| 5,555,721 | |
|