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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
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, 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 and January 1, 2024   583,078    6,643    589,721 
Remeasurement on lease modifications   884,288    
-
    884,288 
Depreciation charge   (710,579)   (1,424)   (712,003)
Exchange realignment   (18,231)   32    (18,199)
                
At December 31, 2024   738,556    5,251    743,807 
Schedule of Carrying Amount of Lease Liabilities

The carrying amount of lease liabilities and the movements during the year are as follows:

 

   2024   2023 
   US$   US$ 
         
Carrying amount at January 1   606,061    785,687 
New leases   
-
    416,451 
Remeasurement on lease modifications   866,795    133,171 
Accretion of interest recognized during the year   23,700    48,363 
Payments   (745,592)   (779,271)
Exchange realignment   (15,414)   1,660 
           
Carrying amount at December 31   735,550    606,061 
           
Analyzed into:          
Current portion   441,878    574,630 
Non-current portion   293,672    31,431 
Schedule of Profit or Loss The amounts recognized in profit or loss in relation to leases are as follows:
   2024   2023   2022 
   US$   US$   US$ 
             
Interest on lease liabilities   23,700    48,363    42,130 
Depreciation charge of right-of-use assets   712,003    743,956    871,157 
Expense relating to short-term leases   11,126    42,931    157,264 
Loss on lease modifications   
-
    
-
    65,406 
                
Total amount recognized in profit or loss   746,829    835,250    1,135,957