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EQUIPMENT AND SOFTWARE, NET | 12 Months Ended
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Dec. 31, 2023
Seamless Group Inc [Member] |
EQUIPMENT AND SOFTWARE, NET | 7 Equipment, net EQUIPMENT AND SOFTWARE, NET Equipment, net as of December 31, 2023 and 2022 consisted of the following: SCHEDULE OF EQUIPMENT AND SOFTWARE NET
|  | 2023 |  |  | 2022 |
|  | December 31, |
|  | 2023 |  |  | 2022 |
|  | US$ |  |  | US$ |
Office equipment |  |  | 489,396 |  |  |  | 433,479 |
Furniture and fittings |  |  | 303,331 |  |  |  | 298,076 |
Renovation |  |  | 1,741,702 |  |  |  | 1,739,807 |
Signboard |  |  | 2,195 |  |  |  | 2,195 |
Computer peripherals |  |  | 3,301,853 |  |  |  | 3,074,341 |
Electrical installation |  |  | 46,492 |  |  |  | 45,502 |
Mobile phone |  |  | 10,022 |  |  |  | 9,013 |
Motor vehicle |  |  | 14,536 |  |  |  | 97,479 |
Air conditioners |  |  | 8,367 |  |  |  | 4,809 |
Total |  |  | 5,917,894 |  |  |  | 5,704,701 |
Equipment and software, gross |  |  | 5,917,894 |  |  |  | 5,704,701 |
Less: accumulated depreciation |  |  | (4,901,404 | ) |  |  | (4,383,080 | )
Equipment, net |  |  | 1,016,490 |  |  |  | 1,321,621 |
Depreciation expenses of US$607,138 and US$701,262 were recorded in general and administrative expenses for the years ended December 31, 2023 and 2022, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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