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Summary of significant accounting policies (Tables) | 3 Months Ended
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Mar. 31, 2025
Accounting Policies [Abstract] |
Schedule of fair value assumptions of awards | The Company estimates the fair value of awards using an Income Approach (Finnerty method). The Company accounts forfeitures as they occur. For the awards granted on July 29, 2022, the following assumptions were used in the model: Schedule of fair value assumptions of awards Expected Volatility (39.84% to 43.74%) Expected Dividend Yield (0%) Expected Time to Liquidity (0.92 years to 2.92 years) Exercise Price ($Nil) Stock price at grant date ($6.55) CURRENC GROUP INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 2 Summary of significant accounting policies (continued) Weighted Average Fair Value of 1 Share ($5.73) The fair value of the awards granted on July 29, 2022 is $33,284,970.
Schedule of fair assumption of awards granted | For the awards granted on August 21, 2024, the following assumptions were used in the model: Schedule of fair assumption of awards granted Expected Volatility (26.65% to 42.32%) Expected Dividend Yield (0%) Expected Time to Liquidity (0.03 years to 2.03 years) Exercise Price ($Nil) Stock price at grant date ($6.22) Weighted Average Fair Value of 1 Share ($5.75)
Schedule of restatement of each financial statement | The following tables summarize the effect of the restatement on each financial statement line item as of the date, and for the periods indicated. Schedule of restatement of each financial statement
|  | Previously Reported |  |  | Adjustments |  |  | As Restated |
|  | December 31, 2024 |
|  | Previously Reported |  |  | Adjustments |  |  | As Restated |
|  | US$ |  |  | US$ |  |  | US$ |
Consolidated Balance Sheets as of December 31, 2024 |  |  |  |  |  |  |  |  |
Prepayments, receivables and other assets |  |  | 24,738,392 |  |  |  | (3,790,176 | ) |  |  | 20,948,216 |
Accounts payable, accruals and other payables |  |  | 59,119,916 |  |  |  | (3,790,176 | ) |  |  | 55,329,740 |
Schedule of calculation of basic and diluted net loss per ordinary shares | Schedule of calculation of basic and diluted net loss per ordinary shares
|  | 2025 |  |  | 2024 |
|  | Three months ended March 31, |
|  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |  |  |
Net loss |  | $ | (4,674,358 | ) |  | $ | (3,034,984 | )
Denominator: |  |  |  |  |  |  |  |
Weighted average ordinary shares outstanding |  |  | 35,374,891 |  |  |  | 33,980,753 |
Basic and diluted net (loss) per share |  | $ | (0.13 | ) |  | $ | (0.09 | )
Schedule of computation of diluted loss per share | The following table sets forth the total number of shares that may potentially be dilutive ordinary shares in the future. The holders of these shares do not have a contractual obligation to share in the Company’s losses. The Company excluded the following potential ordinary shares, presented based on amounts outstanding at each period end, from the computation of diluted loss per share: Schedule of computation of diluted loss per share
|  | March 31, 2025 |  |  | March 31, 2024 |
Warrants |  |  | 17,796,765 |  |  |  | - |
Convertible bonds (treasury stock method) |  |  | 1,027,997 |  |  |  | 2,604,554 |
Anti dilutive securities |  |  | 1,027,997 |  |  |  | 2,604,554 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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