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EQUIPMENT AND SOFTWARE, NET
 12 Months Ended
Dec. 31, 2022
Seamless Group Inc [Member]  
EQUIPMENT AND SOFTWARE, NET

6 Equipment and software, net

 

Equipment and software, net as of December 31, 2022 and 2021 consisted of the following:

 

   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.