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Other Payables and Accruals (Tables)
 12 Months Ended
Dec. 31, 2023
Other Payables and Accruals [Abstract]  
Schedule of Other Payables and Accruals
   2023   2022 
   US$   US$ 
Non-current        
Liabilities incurred for long-term employee benefits (note (a))   
-
    208,698 
           
Current          
Other payables (note (b))   5,089,409    2,107,490 
Accruals   2,979,578    4,143,841 
Contract liabilities (note (c))   1,312,735    301,986 
           
    9,381,722    6,553,317 
(a)The terms of all outstanding awards granted under the Group’s Value Creation Plan were modified in 2023 such that they will be settled by a fixed number of the Company’s ordinary shares and as a result, the outstanding awards have been reclassified to equity during the year.

 

(b)Other payables are non-interest-bearing and are normally settled on 30 to 120-day terms.
(c)Details of contract liabilities are as follows:
Schedule of Contract Liabilities Details of contract liabilities are as follows:
   December 31,   December 31,   January 1, 
   2023   2022   2022 
   US$   US$   US$ 
Contract liabilities arising from:            
Internet leads generation and marketing service income   1,256,307    225,632    425,897 
Marketing and events income   56,428    76,354    142,457 
                
    1,312,735    301,986    568,354