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Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of significant accounting policies [text block] [Abstract] |
Schedule of currency exchange rates impact |
|  | Period End Rate |  |  | Average Rate |
|  | As of December 31, |  |  | For the Years Ended |
|  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2021 |  |  | 2020 |  |  | 2019 |
Thai Baht |  |  | 0.0300 |  |  |  | 0.0333 |  |  |  | 0.0334 |  |  |  | 0.0313 |  |  |  | 0.0320 |  |  |  | 0.0324 |
Hong Kong Dollar |  |  | 0.1282 |  |  |  | 0.1282 |  |  |  | 0.1280 |  |  |  | 0.1282 |  |  |  | 0.1282 |  |  |  | 0.1280 |
Schedule of non-derivative financial liabilities |
Year ended December 31, 2021 |  | Within 1 year |  |  | 1 to 5 years |  |  | >5 years |  |  | Total |
Trade and other payables |  | $ | 1,028,721 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,028,721 |
Borrowings |  |  | 933,110 |  |  |  | 859,120 |  |  |  | - |  |  |  | 1,792,230 |
Borrowings from related parties |  |  | 13,506,184 |  |  |  | 5,332,803 |  |  |  | - |  |  |  | 18,838,987 |
Amount due to related parties |  |  | 2,217,752 |  |  |  | - |  |  |  |  |  |  |  | 2,217,752 |
Other liabilities |  |  | 1,824,635 |  |  |  | 54,000 |  |  |  | - |  |  |  | 1, 878,635 |
Lease liabilities |  |  | 2,366,045 |  |  |  | - |  |  |  | - |  |  |  | 2,366,045 |
Finance lease liabilities |  |  | 619,301 |  |  |  | 666,455 |  |  |  | - |  |  |  | 1,285,756 |
Provision for employee benefits |  |  | 563,243 |  |  |  | 1,856,583 |  |  |  | 32,165,128 |  |  |  | 34,584,954 |
|  | $ | 23,058,991 |  |  | $ | 8,768,961 |  |  | $ | 32,165,128 |  |  | $ | 63,993,080 |
Year ended December 31, 2020 |  | Within 1 year |  |  | 1 to 5 years |  |  | >5 years |  |  | Total |
Trade and other payables |  | $ | 1,540,411 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,540,411 |
Borrowings from financial institutions |  |  | 494,994 |  |  |  | 993,869 |  |  |  | - |  |  |  | 1,488,863 |
Borrowings from related parties |  |  | - |  |  |  | 19,085,812 |  |  |  | - |  |  |  | 19,085,812 |
Amount due to related parties |  |  | 1,670,469 |  |  |  | - |  |  |  |  |  |  |  | 1,670,469 |
Other current liabilities |  |  | 1,249,106 |  |  |  | - |  |  |  | - |  |  |  | 1,249,106 |
Income tax payables |  |  | 284,627 |  |  |  | - |  |  |  | - |  |  |  | 284,627 |
Lease liabilities |  |  | 2,211,984 |  |  |  | 2,106,429 |  |  |  | - |  |  |  | 4,318,413 |
Finance lease liabilities |  |  | 701,796 |  |  |  | 1,074,047 |  |  |  | - |  |  |  | 1,775,843 |
Provision for employee benefits |  |  | 479,261 |  |  |  | 1,478,194 |  |  |  | 36,040,019 |  |  |  | 37,997,474 |
|  | $ | 8,632,648 |  |  | $ | 24,738,351 |  |  | $ | 36,040,019 |  |  | $ | 69,411,018 |
Schedule of net debt analysis |
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
Cash, cash equivalents, and restricted cash |  | $ | 15,853,811 |  |  | $ | 10,129,910 |
Borrowings – repayable within one year |  |  | (14,439,294 | ) |  |  | (494,994 | )
Borrowings – repayable within one year |  |  | (6,191,923 | ) |  |  | (20,079,681 | )
Net debt |  | $ | (4,777,406 | ) |  | $ | (10,444,765 | )
Schedule of estimated useful lives of property and equipment |
|  | Estimated useful life
Leasehold improvements |  | Lesser of useful life or remaining lease term
Tools and equipment |  | 5 years
Furniture, fixtures and office equipment |  | 5 years
Vehicles |  | 5,10 years
GDM machines |  | 5 years
Robots |  | 5 years
Schedule of disaggregation information of revenue by service type |
|  | For the year ended December 31, |
Service Type |  | 2021 |  |  | Percentage of Total Revenue |  |  | 2020 |  |  | Percentage of Total Revenue |  |  | 2019 |  |  | Percentage of Total Revenue |
Cash-In-Transit – Non-Dedicated Vehicles (CIT Non-DV) |  | $ | 11,205,580 |  |  |  | 31.9 | % |  | $ | 12,045,914 |  |  |  | 32.0 | % |  | $ | 12,052,738 |  |  |  | 31.2 | %
Cash-In-Transit - Dedicated Vehicle to Banks (CIT DV) |  |  | 4,556,538 |  |  |  | 13.0 | % |  |  | 4,822,354 |  |  |  | 12.8 | % |  |  | 4,958,139 |  |  |  | 12.9 | %
ATM Management |  |  | 10,809,497 |  |  |  | 30.7 | % |  |  | 12,542,613 |  |  |  | 33.3 | % |  |  | 14,024,291 |  |  |  | 36.4 | %
Cash Processing (CPC) |  |  | 3,034,360 |  |  |  | 8.6 | % |  |  | 2,842,209 |  |  |  | 7.5 | % |  |  | 2,283,835 |  |  |  | 5.9 | %
Cash Center Operations (CCT) |  |  | 2,802,171 |  |  |  | 8.0 | % |  |  | 3,256,423 |  |  |  | 8.6 | % |  |  | 3,661,135 |  |  |  | 9.5 | %
Consolidate Cash Center (CCC) |  |  | 182,263 |  |  |  | 0.5 | % |  |  | - |  |  |  | - | % |  |  | - |  |  |  | - | %
Cheque Center Service (CDC) |  |  | 59,923 |  |  |  | 0.2 | % |  |  | 61,197 |  |  |  | 0.2 | % |  |  | 394,290 |  |  |  | 1.0 | %
Others ** |  |  | 5,270 |  |  |  | 0.0 | % |  |  | 399,977 |  |  |  | 1.1 | % |  |  | 38,570 |  |  |  | 0.1 | %
Cash Deposit Management Solutions (GDM) |  |  | 1,644,611 |  |  |  | 4.7 | % |  |  | 1,457,307 |  |  |  | 3.9 | % |  |  | 1,158,082 |  |  |  | 3.0 | %
Robotic AI solutions |  |  | 368,659 |  |  |  | 1.0 | % |  |  | 220,788 |  |  |  | 0.6 | % |  |  | - |  |  |  | - | %
Information security |  |  | 484,318 |  |  |  | 1.4 | % |  |  | - |  |  |  | - | % |  |  | - |  |  |  | - | %
Total |  | $ | 35,153,190 |  |  |  | 100 | % |  | $ | 37,648,782 |  |  |  | 100 | % |  | $ | 38,571,080 |  |  |  | 100 | %
| ** | Others includes revenues from express cash, coin processing services and international shipment.

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