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Notes to the Statements of Cash Flows
 12 Months Ended
Dec. 31, 2024
Notes to the Statements of Cash Flows [Abstract]  
NOTES TO THE STATEMENTS OF CASH FLOWS
28.NOTES TO THE STATEMENTS OF CASH FLOWS

 

(a)Changes in liabilities arising from financing activities

 

2024     Lease 
     liabilities 
     US$ 
        
At January 1, 2024       606,061 
Changes from financing cash flows       (721,892)
Interest paid classified as operating cash flows       (23,700)
         
Non-cash transactions:         
Remeasurement of lease modifications       866,795 
Finance costs accrued       23,700 
Exchange realignment       (15,414)
At December 31, 2024       735,550 

 

2023     Lease 
  Loan notes   liabilities 
  US$   US$ 
At January 1, 2023   8,745,192    785,687 
Changes from financing cash flows   (27,720,827)   (730,908)
Interest paid classified as operating cash flows   
-
    (48,363)
Non-cash transactions:          
New leases and remeasurement of lease modifications   
-
    549,622 
Finance costs accrued   18,975,635    48,363 
Exchange realignment   
-
    1,660 
At December 31, 2023   
-
    606,061 

 

2022      Convertible       Lease 
  Loan notes   loans   Bridge loan   Liabilities 
  US$   US$   US$   US$ 
At January 1, 2022   
-
    4,294,265    12,274,215    486,678 
Changes from financing cash flows   22,397,271    12,656,069    610,000    (873,308)
Interest paid classified as operating cash flows   
-
    
-
    
-
    (42,130)
Non-cash transactions:                    
Finance costs accrued   786,058    2,894,050    4,074,175    42,130 
New leases   
-
    
-
    
-
    1,237,069 
Remeasurement on lease modifications   
-
    
-
    
-
    (64,390)
Recognition of warrant liabilities   (11,642,006)   
-
    
-
    
-
 
Initial recognition of derivative financial instruments   (2,796,131)   (10,024,014)   (842,181)   
-
 
Derecognition of derivative financial instruments   
-
    735,688    3,229,291    
-
 
Issuance of convertible loan for settlement of bridge loan   
-
    18,960,000    (18,960,000)   
-
 
Conversion to Preference Shares   
-
    (29,381,027)   
-
    
-
 
Other non-cash transactions   
-
    (135,031)   (385,500)   
-
 
Exchange realignment   
-
    
-
    
-
    (362)
At December 31, 2022   8,745,192    
-
    
-
    785,687 
(b)Total cash outflow for leases

 

The total cash outflow for leases included in the statements of cash flows is as follows:

 

  2024   2023   2022 
  US$   US$   US$ 
Within operating activities  34,826   91,294   199,394 
Within financing activities   721,892    730,908    873,308 
    756,718    822,202    1,072,702