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Consolidated Segment Data (Tables) | 12 Months Ended
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Dec. 31, 2023
Consolidated Segment Data [Abstract] |
Schedule of Revenue and Non-Cash Compensation | Selected information by segment is presented in the following tables for the years ended December 31, 2023, 2022 and 2021:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Revenues(1) |  |  |  |  |  |  |  |  |
Secured logistics |  | $ | 31,892,550 |  |  | $ | 30,907,623 |  |  | $ | 34,300,213 |
Robotics AI solutions |  |  | 757,284 |  |  |  | 1,272,236 |  |  |  | 368,659 |
General security solutions |  |  | 3,630,668 |  |  |  | 1,785,789 |  |  |  | - |
|  | $ | 36,280,502 |  |  | $ | 33,965,648 |  |  | $ | 34,668,872 |
| (1) | Revenue excludes intercompany sales.
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Operating loss |  |  |  |  |  |  |  |  |
Secured logistics |  | $ | (1,895,092 | ) |  | $ | (1,353,365 | ) |  | $ | (808,162 | )
Robotics AI solutions |  |  | (21,773,699 | ) |  |  | (11,227,391 | ) |  |  | (1,072,133 | )
General security solutions |  |  | (936,390 | ) |  |  | (178,580 | ) |  |  | - |
Corporate and others (1) |  |  | (4,697,597 | ) |  |  | (4,066,903 | ) |  |  | (1,872,155 | )
Operating loss from continuing operations |  | $ | (29,302,778 | ) |  | $ | (16,826,239 | ) |  | $ | (3,752,450 | )
Total other income from four segments |  |  | 461,926 |  |  |  | 87,616 |  |  |  | 292,732 |
Foreign exchange gains (losses), net: |  |  |  |  |  |  |  |  |  |  |  |
- Secured logistics |  |  | 241,813 |  |  |  | (629,844 | ) |  |  | (1,814,948 | )
- Robotics AI solutions |  |  | 55,567 |  |  |  | 37,503 |  |  |  | (1,511 | )
- Corporate and others |  |  | 7,646 |  |  |  | 1,376 |  |  |  | (3,202 | )
Finance costs: |  |  |  |  |  |  |  |  |  |  |  |
- Secured logistics |  |  | (510,818 | ) |  |  | (802,438 | ) |  |  | (885,183 | )
- Robotics AI solutions |  |  | (14,431 | ) |  |  | (22,695 | ) |  |  | (2,793 | )
- General security solutions |  |  | (857 | ) |  |  | (946 | ) |  |  | - |
- Corporate and others |  |  | (127,268 | ) |  |  | (315,751 | ) |  |  | (96,867 | )
Loss before income tax from continuing operations |  |  | (29,189,200 | ) |  |  | (18,471,418 | ) |  |  | (6,264,222 | )
Provision for income tax (expense) benefit |  |  | (434,320 | ) |  |  | (132,208 | ) |  |  | 732,868 |
Net loss for the year from continuing operations |  |  | (29,623,520 | ) |  |  | (18,603,626 | ) |  |  | (5,531,354 | )
Net profit (loss) for the year from discontinued operations – Information security segment |  |  | 34,138 |  |  |  | (62,432 | ) |  |  | 39,700 |
Net loss for the year |  |  | (29,589,382 | ) |  |  | (18,666,058 | ) |  |  | (5,491,654 | )
Net loss attributable to the non-controlling interest |  |  | 17,721 |  |  |  | 101,264 |  |  |  | 9,727 |
Net loss attributable to equity holders of the Company |  |  | (29,571,661 | ) |  |  | (18,564,794 | ) |  |  | (5,481,927 | )
| (1) | Includes impairment of goodwill on acquired subsidiaries, non-cash compensation expense, professional fees and consultancy fees for the Company. Non-cash compensation expense of $1,101,800, $252,095 and $nil for the years ended December 31, 2023, 2022 and 2021 was solely attributable to the Corporate and others segment, respectively.
Schedule of Depreciation and Amortization by Segment | Depreciation and amortization by segment for the year ended December 31, 2023, 2022 and 2021 are as follows:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Secured logistics |  | $ | 3,256,128 |  |  | $ | 3,373,660 |  |  | $ | 4,407,085 |
Robotics AI solutions |  |  | 1,738,563 |  |  |  | 2,497,153 |  |  |  | 625,557 |
General security solutions |  |  | 248,549 |  |  |  | 110,594 |  |  |  | - |
|  | $ | 5,243,240 |  |  | $ | 5,981,407 |  |  | $ | 5,032,642 |
Schedule of the Total Assets by Segment | Total assets
|  | As at December 31, |
|  | 2023 |  |  | 2022 |
Secured logistics |  | $ | 21,613,383 |  |  | $ | 25,315,845 |
Robotics AI solutions |  |  | 3,127,857 |  |  |  | 23,577,547 |
General security solutions |  |  | 2,836,403 |  |  |  | 4,260,811 |
Corporate and others |  |  | 18,035,342 |  |  |  | 7,397,254 |
Information security |  |  | 201,963 | * |  |  | 615,517 |
|  | $ | 45,814,948 |  |  | $ | 61,166,974 |
* | As of December 31, 2023, the total assets for information security segment were presented as assets held for sale on the consolidated balance sheets.
Schedule of Total Non-Current Assets by Geographical Segment | Total non-current assets
|  | As at December 31, |
|  | 2023 |  |  | 2022 |
The PRC (including Hong Kong and Macau) |  | $ | 3,289,170 |  |  | $ | 11,234,176 |
Thailand |  |  | 10,472,012 |  |  |  | 14,223,714 |
Other countries |  |  | 933,174 |  |  |  | 446,020 |
|  | $ | 14,694,356 |  |  | $ | 25,903,910 |

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