v3.26.3
Interim Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Profit before income tax $ (8,971,514) $ 4,663,271
Adjustments for:    
Provision for allowance for expected credit losses on trade receivables 952,927 801,769
Provision for allowance for expected credit losses on loan receivables 27,780
Non-cash revenue (5,916,800)
Reversal on impairment allowance of other receivables (311,963) (148,393)
Reversal on impairment allowance of related parties (161,221)
Loss on disposal of property and equipment 2,204
Property and equipment written off 36,246
Depreciation of property and equipment 93,251 52,827
Depreciation of right-of-use assets 242,901 154,080
Amortisation of intangible assets 371,326 236,391
Share based payment 710,509 390,380
Share option expenses 401,347
Director fee paid in shares 1,770,000 3,460,031
Professional fees 456,000 260,692
Referral fees paid in shares 2,540,000
Loss on disposal of financial assets, at fair value through profit and loss (32,893)
Gain on disposal of right-of-use asset (2,586)
Gain on disposal of subsidiary (28,755)
Gain on disposal of investment (5,200,000)
Issuance of warrant liabilities 2,470,114
Changes on fair value of warrant liabilities (877,364)
Changes on fair value of convertible note liabilities 2,003,953
Interest expense 1,083,907 11,859
Interest income (358) (4,613)
Operating cash flows before movements in working capital (2,820,423) 4,357,728
Trade receivables (1,755,957) (6,011,585)
Other receivables 1,191,675 4,845,832
Inventories 37,865
Deposits and prepayment (7,161,304) (896,033)
Loan receivables (17,422,560)
Trade and other payables (7,496,580) 4,704,776
Contract liabilities 591,111 11,434,035
Cash (used in)/generated from operations (17,413,613) 1,012,193
Income tax paid (39,230) (43,319)
Net cash (used in) / generated from operating activities (17,452,843) 968,874
Investing activities    
Acquisition of property and equipment (335,909) (608,176)
Acquisition of intangible assets (4,909,208)
Interest received 358 4,613
Acquisition of financial assets, at fair value through other comprehensive income (42,295,124)
Proceeds from disposal of financial assets, at fair value through other comprehensive income 2,297,970
Proceeds from disposal of property and equipment 769
Proceeds from disposal of investment 5,200,000
Net cash generated from / (used in) investing activities 4,865,218 (45,509,925)
Financing activities    
Proceeds from issuance of ordinary shares 20,990,936 38,102,518
Payment for deferred initial public expense (750,000)
Interest paid (242,470) (11,859)
Repayment of bank borrowings (9,281)
Advance to/from related parties (3,090,708) 3,325,048
Repayment of operating lease (252,641) (150,965)
Net cash generated from financing activities 16,655,117 41,255,461
Net (decrease) / increase in cash and cash equivalents 4,067,492 (3,285,590)
Foreign exchange effect 176,793 (2,526,311)
Cash and bank balances at beginning of year 940,963 8,100,899
Cash and bank balances at end of year $ 5,185,248 $ 2,288,998