XML 181 R114.htm IDEA: XBRL DOCUMENT v3.23.2
SCHEDULE OF CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($)
 3 Months Ended 10 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:          
Net loss $ 998,238 $ (462,567) $ (181,695) $ (1,111,964)  
Changes in operating assets and liabilities:          
Accruals and other payables 337,730 206,535 76,474 2,711,299  
Net cash provided by operating activities (129,918) (109,724) (711,252) (756,716)  
Cash flows from investing activities:          
Net cash used in investing activities 108,729,854 (202,998,782) (2,999,982)  
Cash flows from financing activities:          
Net cash used in financing activities (108,729,854) 204,738,217 2,999,982  
Seamless Group Inc [Member]          
Cash flows from operating activities:          
Net loss       (15,725,713) $ (12,885,300)
Adjustments to reconcile net loss to net cash used in operating activities:          
Amortization of discount on convertible bonds       3,438,950 2,814,474
Unrealized foreign exchange gain       543,277 (1,736,130)
Changes in operating assets and liabilities:          
Prepayments, deposits and other receivables       (8,433,545) (1,764,492)
Net cash provided by operating activities       8,681,916 12,079,651
Cash flows from investing activities:          
Net cash used in investing activities       (732,332) (406,338)
Cash flows from financing activities:          
Proceeds from borrowings       1,481,263 4,737,516
Repayment of borrowings       (2,242,961) (3,646,097)
Repayment of convertible bonds       (3,500,000) (10,500,000)
Net cash used in financing activities       (5,767,020) (10,124,814)
Parent Company [Member] | Seamless Group Inc [Member]          
Cash flows from operating activities:          
Net loss       (16,678,134) (14,849,199)
Adjustments to reconcile net loss to net cash used in operating activities:          
Amortization of discount on convertible bonds       3,438,951 2,814,474
Share of results from subsidiaries       4,234,448 3,573,964
Unrealized foreign exchange gain       (644) (144,611)
Changes in operating assets and liabilities:          
Prepayments, deposits and other receivables       (9,900) (13,246)
Accruals and other payables       3,797,118 5,667,902
Net cash provided by operating activities       (5,218,161) (2,950,716)
Cash flows from investing activities:          
Dividend received from a subsidiary       2,847,309
(Increase) decrease in short-term investments       2,012,562 (458)
Cash injected into a subsidiary       (2,012,562)  
Net cash used in investing activities       2,847,309 (458)
Cash flows from financing activities:          
Proceeds from borrowings       2,758,213 2,590,245
Repayment of borrowings       (1,276,950) (1,225,381)
Repayment of convertible bonds       (3,483,133) (10,500,000)
Amounts due from related parties       301,958 1,593,193
Amounts due to related parties       4,123,866 10,453,690
Net cash used in financing activities       2,423,954 2,911,747
Net decrease in cash and cash equivalents       53,102 (39,427)
Effect of exchange rate changes on cash and cash equivalents       218 (27,961)
Cash and cash equivalents at beginning of year $ 78,968 $ 25,648   25,648 93,036
Cash and cash equivalents at end of year     $ 25,648 $ 78,968 $ 25,648