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Right-of-Use Assets and Operating Lease Liabilties | 12 Months Ended
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Dec. 31, 2023
Right-Of-Use Assets And Operating Lease Liabilties [Abstract] |
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILTIES |
11. | RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILTIES
The carrying amounts of right-of-use assets are as below:
|  | 2023 |  |  | 2022 |
Balance at January 1, |  | $ | 4,171,409 |  |  | $ | 2,364,993 |
New leases |  |  | 522,578 |  |  |  | 2,956,201 |
Termination of a lease |  |  | (19,786 | ) |  |  | - |
Depreciation expense |  |  | (2,006,421 | ) |  |  | (1,066,662 | )
Exchange difference |  |  | 20,428 |  |  |  | (83,123 | )
Balance at December 31, |  | $ | 2,688,208 |  |  | $ | 4,171,409 |
The total operating lease liabilities are as below:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Current portion |  | $ | 1,239,066 |  |  | $ | 1,774,192 |
Non-current portion |  |  | 1,455,857 |  |  |  | 2,340,075 |
Operating lease liabilities |  | $ | 2,694,923 |  |  | $ | 4,114,267 |
Lease liabilities were measured at the present value of the remaining lease payments, discounted using the lessee’s incremental borrowing rate. The weighted average incremental borrowing rate applied to new leases during year 2023, 2022 and 2021 was 4.23%, 3.52% and 3.49%, respectively. During the years ended December 31, 2023, 2022 and 2021, interest expense of $114,583, $89,470 and $109,848 arising from lease liabilities was included in finance costs, respectively. Depreciation expense related to right-of-use assets was $2,006,421, $1,066,662 and $2,279,722, respectively during the years ended December 31, 2023, 2022 and 2021.

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- Definition The entire disclosure for non-current assets held for sale and discontinued operations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 5 -IssueDate 2023-01-01 -Section Presentation and disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=5&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS05_g30-42_TI -URIDate 2023-03-23 + Details
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