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EQUIPMENT AND SOFTWARE, NET | 12 Months Ended
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Dec. 31, 2022
Seamless Group Inc [Member] |
EQUIPMENT AND SOFTWARE, NET | 6 Equipment and software, net EQUIPMENT AND SOFTWARE, NET Equipment and software, net as of December 31, 2022 and 2021 consisted of the following: SCHEDULE OF EQUIPMENT AND SOFTWARE NET
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |
Office equipment |  |  | 433,479 |  |  |  | 202,046 |
Furniture and fittings |  |  | 298,076 |  |  |  | 245,719 |
Renovation |  |  | 1,739,807 |  |  |  | 1,511,974 |
Signboard |  |  | 2,195 |  |  |  | 2,195 |
Computer peripherals |  |  | 3,074,341 |  |  |  | 2,749,180 |
Electrical installation |  |  | 45,502 |  |  |  | 37,848 |
Mobile phone |  |  | 9,013 |  |  |  | 9,029 |
Motor vehicle |  |  | 97,479 |  |  |  | 84,179 |
Air conditioners |  |  | 4,809 |  |  |  | 4,809 |
Store equipment |  |  | — |  |  |  | — |
Total |  |  | 5,704,701 |  |  |  | 4,846,979 |
Less: accumulated depreciation |  |  | (4,383,080 | ) |  |  | (3,511,887 | )
Equipment and software, net |  |  | 1,321,621 |  |  |  | 1,335,092 |
Depreciation expenses of US$701,262 and US$1,066,303 were recorded in general and administrative expenses for the years ended December 31, 2022 and 2021, respectively.

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