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Share Capital (Tables)
6 Months Ended
Jun. 30, 2024
Share Capital [Abstract]  
Schedule of Authorized and Issued Preference Shares The Company’s authorized and issued preference shares are as follow:
   Series A   Series B 
   Number of
shares
   Amount   Number of
shares
   Amount 
2024                
Beginning of financial year   1,639,344   $1,639,344    1,589,957   $1,589,957 
Cancellation of treasury shares   
-
    
-
    (31,645)   (31,645)
Conversion of convertible preference shares to ordinary shares   (1,639,344)   (1,639,344)   (1,558,312)   (1,558,312)
End of financial period   
-
   $
-
    
-
   $
-
 
   Series C   Series D 
   Number of
shares
   Amount   Number of
 shares
   Amount 
2024                
Beginning of financial year   1,182,926   $1,182,926    1,432,665   $1,432,665 
Conversion of convertible preference shares to ordinary shares   (1,182,926)   (1,182,926)   (1,432,665)   (1,432,665)
End of financial period   
-
   $
-
    
-
   $
-
 

 

Schedule of Company’s Ordinary Shares Outstanding Movements in the number of the Company’s ordinary shares outstanding are as follows:
   2024.06
(Note 1)
   2023
(Note 1)
 
At January 1   7,565,099    6,854,284 
Warrant exercised   
-
    38,025 
Warrant issuance   2,142,858    
-
 
New share issuance   122,382    
-
 
Convertible preference share liabilities exercised   1,771,939    560,000 
Restricted share units issuance (Note 2)   3,717    100,090 
Additional paid in capital   5,390    12,700 
At June 30   11,611,385    7,565,099 
Note 1: Shares outstanding for the years have been restated for the 10-to-1 reverse stock split effective April 15, 2024.
Note 2: The restricted share units distributed related to: 1) granted vested equity compensation to directors and officers pertaining to award year July 2022 to July 2023; 2) sign on equity bonus and vested equity compensation for select employees