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INVESTMENT IN AN EQUITY SECURITY

12 Months Ended

Dec. 31, 2022

Seamless Group Inc [Member]

INVESTMENT IN AN EQUITY SECURITY

5 Investment in an equity security

INVESTMENT IN AN EQUITY SECURITY 

Investment in an equity security as of December 31, 2022 and 2021 consisted of the following:

 SCHEDULE OF INVESTMENT IN AN EQUITY SECURITY

						December 31,
						2022				2021
						US$				US$
K Hub			0.54	%			100,000				100,000

No impairment was recorded as of December 31, 2022 and 2021 as the Company evaluated the decline in fair value of the investment below its book value was not other-than-temporary.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//320/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-6B

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 6B
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-6B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)
-Publisher SEC

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//946-320/tableOfContent

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-Topic 940
-SubTopic 320
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-URI https://asc.fasb.org//940-320/tableOfContent

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-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//942-320/tableOfContent

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