XML 178 R111.htm IDEA: XBRL DOCUMENT v3.23.2
SCHEDULE OF CONDENSED BALANCE SHEETS OF THE PARENT COMPANY (Details) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets:      
Cash and cash equivalents $ 141,549 $ 271,467 $ 1,028,183
Total current assets 141,549 366,020 1,632,290
Total assets 101,975,733 209,298,900 204,632,996
Current liabilities:      
Total current liabilities 3,262,809 2,854,360 76,474
Total liabilities 9,262,773 8,854,324 6,076,438
Shareholders’ deficit:      
Common shares (US$0.001 par value; 58,030,000 shares authorized, issued and outstanding as of December 31, 2022 and 2021)
Additional paid-in capital
Accumulated deficit (9,121,807) (8,488,887) (4,442,807)
Total shareholders’ deficit (9,121,224) (8,488,304) (4,442,224)
Total liabilities and shareholders’ deficit $ 101,975,733 209,298,900 204,632,996
Seamless Group Inc [Member]      
Current assets:      
Cash and cash equivalents   62,798,729 62,754,165
Short-term investments   2,000,000 2,063,003
Prepayments, deposits and other receivables   31,776,196 22,773,279
Total current assets   115,419,309 102,513,388
Total assets   154,803,140 136,784,633
Current liabilities:      
Borrowings [1]   8,978,390 3,799,427
Accruals and other payables   53,159,031 61,399,970
Amounts due to related parties   83,757,317 52,165,395
Convertible bonds   9,192,140 7,561,050
Total current liabilities   166,864,662 131,572,066
Borrowings   7,879,279 2,104,343
Convertible bonds   9,192,140
Total liabilities   176,580,571 144,878,384
Shareholders’ deficit:      
Common shares (US$0.001 par value; 58,030,000 shares authorized, issued and outstanding as of December 31, 2022 and 2021)   58,030 58,030
Additional paid-in capital   29,172,373 29,172,373
Accumulated deficit   (76,768,829) (60,090,694)
Accumulated other comprehensive loss   61,298 52,457
Total shareholders’ deficit   (47,477,128) (30,807,834)
Total liabilities and shareholders’ deficit   154,803,140 136,784,633
Parent Company [Member] | Seamless Group Inc [Member]      
Current assets:      
Cash and cash equivalents   78,968 25,648
Short-term investments   2,012,562
Prepayments, deposits and other receivables   66,245 2,751,066
Amounts due from subsidiaries   6,869,413 5,610,972
Amounts due from related parties   90,666 1,857,039
Total current assets   7,105,292 12,257,287
Investments in subsidiaries   26,470,719 26,171,064
Investment in an equity security   100,000
Total assets   33,576,011 38,528,351
Current liabilities:      
Borrowings   11,577,451 1,666,989
Accruals and other payables   5,410,027 1,596,197
Amounts due to subsidiaries   2,640,735 215,889
Amounts due to related parties   49,900,344 48,338,222
Convertible bonds   9,192,141 7,561,050
Total current liabilities   78,720,698 59,378,347
Borrowings   923,256
Convertible bonds   9,192,140
Total liabilities   78,720,698 69,493,743
Shareholders’ deficit:      
Common shares (US$0.001 par value; 58,030,000 shares authorized, issued and outstanding as of December 31, 2022 and 2021)   58,030 58,030
Additional paid-in capital   29,172,373 29,172,373
Accumulated deficit   (74,235,607) (60,105,962)
Accumulated other comprehensive loss   (139,483) (89,833)
Total shareholders’ deficit   (45,144,687) (30,965,392)
Total liabilities and shareholders’ deficit   $ 33,576,011 $ 38,528,351
[1] As of December 31, 2022 and 2021, the Company had several unsecured short-term loans from independent third parties which were repayable within one year and charged interest rates ranging from 15.0% to 24.0% and 15.0% to 17.0% per annum, respectively. As of December 31, 2022 and 2021, the weighted average interest rate of these borrowings was 22.4% and 15.9% per annum, respectively. The borrowings are denominated in HK$ and US$.