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SCHEDULE OF PURCHASE PRICE OF ACQUISITION (Details) - Seamless Group Inc [Member] - USD ($)
Jun. 02, 2022
Dec. 31, 2023
Dec. 31, 2022
[1]
Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]        
Goodwill (Note 9)   $ 27,001,383 $ 27,001,383 $ 19,229,528
Dynamic Indonesia Holdings Limited [Member]        
Restructuring Cost and Reserve [Line Items]        
Net assets acquired [2] $ (1,510,899)      
Goodwill (Note 9) [3] 7,771,855      
Non-controlling interests [4] (3,931,441)      
Total 2,329,515      
Cash consideration 200,000      
Fair value of previously held equity interests $ 2,129,515      
[1] Periods presented have been adjusted. Additional information regarding the adjustment may be found in Note 3 – Restatement of Previously Issued Financial Statements, included elsewhere in the notes to the financial statements.
[2] Net assets acquired primarily included accounts receivables and other receivables of approximately US$0.6 million, property and equipment of approximately US$0.2 million, operating lease right-of-use assets relating to land use rights of approximately US$0.1 million and other assets of approximately US$1.6 million and liabilities of approximately US$4.1 million as of the date of acquisition.
[3] Goodwill arose on the acquisition from the expected synergies from combining our existing airtime operations with those of Dynamic Indonesia Holdings Limited.
[4] An independent valuation firm was hired by Noble Tack International Limited to value it shares in Dynamic Indonesia at approximately the date of the acquisition. The firm used market approach Price-to-Sales multiple-based methodology to determine the value.