XML 250 R54.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Carrying Amount of Right-of-Use Assets The carrying amount of the Group’s right-of-use assets and the movements during the year is as follows:
   Office   Office     
   premises   equipment   Total 
   US$   US$   US$ 
At January 1, 2022   449,044    7,626    456,670 
Additions   1,320,921    
-
    1,320,921 
Remeasurement on lease modifications   (128,756)   
-
    (128,756)
Depreciation charge   (866,094)   (5,063)   (871,157)
Exchange realignment   761    (25)   736 
                
At December 31, 2022 and January 1, 2023   775,876    2,538    778,414 
Additions   412,276    7,118    419,394 

Remeasurement on lease modifications

   

134,429

    -    

134,429

 
Depreciation charge   (740,950)   (3,006)   (743,956)
Exchange realignment   1,447    (7)   1,440 
                
At December 31, 2023   583,078    6,643    589,721 
Schedule of Carrying Amount The carrying amount of lease liabilities and the movements during the year are as follows:
   2023   2022 
   US$   US$ 
Carrying amount at January 1   785,687    486,678 
New leases   416,451    1,237,069 
Remeasurement on lease modifications   

133,171

    (64,390)
Accretion of interest recognized during the year   48,363    42,130 
Payments   (779,271)   (915,438)
Exchange realignment   1,660    (362)
           
Carrying amount at December 31   606,061    785,687 
           
Analyzed into:          
Current portion   574,630    492,735 
Non-current portion   31,431    292,952 

 
Schedule of Profit or Loss The amounts recognized in profit or loss in relation to leases are as follows:
   2023   2022   2021 
   US$   US$   US$ 
Interest on lease liabilities   48,363    42,130    48,171 
Depreciation charge of right-of-use assets   743,956    871,157    784,029 
Expense relating to short-term leases   42,931    157,264    330,400 
Loss on lease modifications   
-
    65,406    
-
 
                
Total amount recognized in profit or loss   835,250    1,135,957    1,162,600