XML 258 R62.htm IDEA: XBRL DOCUMENT v3.24.3
Warrant Liabilities (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Warrant Liabilities [Abstract]    
Schedule of Warrant Liabilities Movement of the balances for Class A and Class C Warrants during during the six months ended June 30, 2023 are as follows:
   Class A   Class C     
   Warrants   Warrants   Total 
   (Unaudited)   (Unaudited)   (Unaudited) 
   US$   US$   US$ 
             
At January 1, 2023   807,139    11,642,006    12,449,145 
Changes in fair value   11,015,636    37,834,481    48,850,117 
                
At June 30, 2023   11,822,775    49,476,487    61,299,262 
   Public   Sponsor     
   warrants   warrants   Total 
   (Unaudited)   (Unaudited)   (Unaudited) 
   US$   US$   US$ 
             
At January 1, 2024   1,388,313    451,495    1,839,808 
Changes in fair value   178,497    58,050    236,547 
                
At June 30, 2024   1,566,810    509,545    2,076,355 
 Movements of the balance of warrant liabilities during the years ended December 31, 2023 and 2022 are as follow:
   Class A   Class C   Public   Sponsor     
   Warrants   Warrants   Warrants   Warrants   Total 
   US$   US$   US$   US$   US$ 
At January 1, 2022   
-
    
-
    
-
    
-
    
-
 
Issued during the year   845,593    11,642,006    
-
    
-
    12,487,599 
Change in fair value   (38,454)   
-
    
-
    
-
    (38,454)
                         
At December 31, 2022 and January 1, 2023   807,139    11,642,006    
-
    
-
    12,449,145 
                          
Issuance of warrants upon the Capital Reorganization   
-
    
-
    3,768,277    1,225,488    4,993,765 
Change in fair value   11,242,507    39,707,978    (2,379,964)   (773,993)   47,796,528 
Exercised during the year   
-
    (51,349,984)   
-
    
-
    (51,349,984)
Reclassified to equity upon Capital Reorganization   (12,049,646)   -    -    -    (12,049,646)
                          
At December 31, 2023   
-
    
-
    1,388,313    451,495    1,839,808 
Schedule of Inputs to the Models used to Determine the Fair Value of Class A Warrants   The following table lists the inputs to the models used to determine the fair value of Class A Warrants for the year ended December 31, 2022 and upon Capital Reorganization:
    2022 
Risk-free rate (%)   4.06 - 4.33 
Volatility (%)   61 - 62 
Dividend yield (%)   
-
 
Upon Capital Reorganization
Risk-free rate (%)   4.76 
Volatility (%)   63 
Dividend yield (%)   
-