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Convertible Loans (Tables)
12 Months Ended
Dec. 31, 2023
Convertible Loans [Abstract]  
Schedule of Extended Convertible Loan The movements of the liability component and derivative component from the redemption right of the Extended Convertible Loan are as follows:
   2022 
   US$ 
     
As at January 1   4,294,265 
Finance costs   506,327 
Extinguished during the year   (4,800,592)
      
As at December 31   
-
 
   2022 
    US$ 
      
As at January 1   589,731 
Change in fair value   145,957 
Extinguished during the year   (735,688)
      
As at December 31   
-
 

 

Schedule of Convertible Loan The movements of the liability component and derivative component from the conversion feature of the 2022 Convertible Loans are as follows:
   2022 
   US$ 
     
As at January 1   
-
 
Issued during the year   26,993,304 
Finance costs   2,387,723 
Converted during the year   (29,381,027)
      
As at December 31   
-
 
   2022 
    US$ 
      
As at January 1   
-
 
On initial recognition   10,024,014 
Change in fair value   158,548 
Exercised during the year   (10,182,562)
      
As at December 31   
-
 
Schedule of Option Pricing Model to Determine Fair Values of the Derivative Components The following table lists the inputs to the model used for the year ended December 31, 2022:
   2022 
Risk-free rate (%)   2.8 – 4.5 
Volatility (%)   62 
Dividend yield (%)   
-