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EQUIPMENT AND SOFTWARE, NET (Tables)

12 Months Ended

Dec. 31, 2022

Seamless Group Inc [Member]

SCHEDULE OF 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

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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