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BORROWINGS (FY) (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
BORROWINGS    
Summary of Borrowings

Borrowings consist of the following:

In thousands of USD
At December 31,
2022
At June 30,
2023
Convertible debt(1)
29,805
29,988
Total
29,805
29,988

(1)
The Group issued a US$30 million promissory note on July 23, 2021. The promissory note is non-secured, bears an annual interest rate of 8%, matures on July 23, 2023 and provides the holder an option to convert all or any portion of the note into the Group’s ordinary shares at US$0.0632 per share at any time from the issuance of the note to the second anniversary of the date of issuance. Approximately US$683,000 was recognized as an equity component. The unamortized discount as of December 31, 2022 and June 30, 2023 was approximately US$195,000 and US$12,000.
 
At December 31
In thousands of USD
2021
2022
Convertible debt(1)
29,460
29,805
Total
29,460
29,805

(1)
The Group issued a US$30 million promissory note on July 23, 2021. The promissory note is non-secured, bears an annual interest rate of 8%, matures on July 23, 2023 and provides the holder an option to convert all or any portion of the note into the Group’s ordinary shares at US$0.0632 per share at any time from the issuance of the note to the second anniversary of the date of issuance. Approximately US$683,000 was recognized as an equity component. The unamortized discount as of December 31, 2021 and 2022 was approximately US$524,000 and US$195,000.