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Deferred Purchase Price | 12 Months Ended
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Dec. 31, 2025
Deferred purchase price. |
Deferred purchase price |
7 | Deferred Purchase Price
The movement in the deferred purchase price is as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of 31 December
​ | ​ | 2025 | ​ ​ ​ | 2024
​ | ​ | USD | ​ | USD
Opening balance | ​ | 1,148,013 |  | 1,207,682
Change in fair value | ​ | (158,154) |  | 1,865,274
Issuance of shares | ​ | (295,725) | ​ | (1,924,943)
Ending balance | ​ | 694,134 |  | 1,148,013
​ The deferred purchase price consists of outstanding cash payments and share issuances. The change in fair value is a result of revaluing the shares outstanding to reflect share price as per the purchase agreements. Management has not used any complex assumptions in arriving at the fair value of the deferred purchase price. Pursuant to the terms of the acquisition agreements for Urbvan, any uncalled and unissued warrants expire on 30 June 2025. As at the expiry date, 47,198 warrants remained uncalled and unissued and therefore expired. The deferred purchase price is detailed as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of 31 December
​ | ​ | 2025 | ​ ​ ​ | 2024
​ | ​ | USD | ​ | USD
Shotl |  | 685,346 |  | 627,158
Urbvan |  | — |  | 491,344
Door2Door |  | 8,788 |  | 29,511
​ |  | 694,134 |  | 1,148,013
​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of 31 December
Maturity analysis | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
​ | ​ | USD | ​ | USD
Less than one year (current) | ​ | 694,134 | ​ | 1,148,013
​ |  | 694,134 |  | 1,148,013
​

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