XML 84 R53.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Taxation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Disclosure of income tax Table [Abstract] |
Schedule of Operating Subsidiaries Incorporated in Different Tax Jurisdiction are Subject to Different Corporate Income Tax Rate | The Company’s operating subsidiaries incorporated in different tax jurisdiction are subject to different corporate income tax rate as follows:
|  | Corporate income tax rate |
Hong Kong |  |  | 16.5 | %
Singapore |  |  | 17.0 | %
Thailand |  |  | 20.0 | %
Malaysia |  |  | 24.0 | %
Macau |  |  | 12.0 | %
United States |  |  | 21.0 | %
Australia |  |  | 0.0 | %
United Arab Emirates |  |  | 25.0 | %
United Kingdom |  |  | 19.0 | %
South Korea |  |  | 25.0 | %
Japan |  |  | 23.2 | %
Canada |  |  | 15.0 | %
Vietnam |  |  | 20.0 | %
China |  |  | 25.0 | %
Schedule of Pre-tax Loss | Pre-tax profit (loss) from continuing operations, by jurisdiction, for the years ended December 31, 2023, 2022 and 2021 is as follows:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Cayman Islands |  | $ | (4,100,487 | ) |  | $ | (4,302,089 | ) |  | $ | (1,733,786 | )
BVI |  |  | (16,537 | ) |  |  | (17,811 | ) |  |  | (12,769 | )
Hong Kong |  |  | (10,805,695 | ) |  |  | (3,245,238 | ) |  |  | (628,015 | )
Singapore |  |  | (180,619 | ) |  |  | (160,228 | ) |  |  | (16,041 | )
Thailand |  |  | (2,852,376 | ) |  |  | (5,826,236 | ) |  |  | (3,873,611 | )
Malaysia |  |  | (2,761,202 | ) |  |  | (478,658 | ) |  |  | - |
Macau |  |  | (193,865 | ) |  |  | (161,513 | ) |  |  | - |
United States |  |  | (321,399 | ) |  |  | (572,088 | ) |  |  | - |
Australia |  |  | 15,199 |  |  |  | (15,199 | ) |  |  | - |
United Arab Emirates (UAE) |  |  | (22,157 | ) |  |  | (72,036 | ) |  |  | - |
United Kingdom |  |  | 1,350 |  |  |  | (1,350 | ) |  |  | - |
South Korea |  |  | (11,236 | ) |  |  | (20,029 | ) |  |  | - |
Japan |  |  | (189,773 | ) |  |  | (77,055 | ) |  |  | - |
Canada |  |  | 3,418 |  |  |  | (2,997 | ) |  |  | - |
Vietnam |  |  | 17,123 |  |  |  | (17,123 | ) |  |  | - |
China |  |  | (7,770,944 | ) |  |  | (3,501,768 | ) |  |  | - |
|  | $ | (29,189,200 | ) |  | $ | (18,471,418 | ) |  | $ | (6,264,222 | )
Schedule of Components of the Income Tax Provision | The components of the income tax provision are:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Current income tax expense |  | $ | - |  |  | $ | - |  |  | $ | - |
Deferred income tax expense (benefit) |  |  | (434,320 | ) |  |  | 132,208 |  |  |  | (732,868 | )
Total income tax (benefit) expense |  | $ | (434,320 | ) |  | $ | 132,208 |  |  | $ | (732,868 | )
Schedule of Reconciliation Between the Statutory Tax Rate to Income Before Income Taxes and the Actual Provision for Income Taxes | Reconciliation between the statutory tax rate to income before income taxes and the actual provision for income taxes is as follows:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
(Loss) Profit before income tax expense* |  | $ | (994,531 | ) |  | $ | (3,840,120 | ) |  | $ | (4,068,887 | )
Thailand income tax statutory rate |  |  | 20 | % |  |  | 20 | % |  |  | 20 | %
Income tax at statutory tax rate |  |  | (198,906 | ) |  |  | (768,024 | ) |  |  | (813,777 | )
Deferred tax assets not recognized |  |  | 713,468 |  |  |  | 768,024 |  |  |  | - |
Permanent differences |  |  | (80,242 | ) |  |  | 132,208 |  |  |  | 80,910 |
Income tax expense (benefit) |  | $ | 434,320 |  |  | $ | 132,208 |  |  | $ | (732,868 | )
| * | This amount represents profit before income tax after adjustments for non-deductible and non-taxable expense items from the Thailand operating entity.
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities are comprised of the following:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Provision for employee benefits |  | $ | 982,013 |  |  | $ | 965,560 |
Net operating loss carried forward |  |  | 893,693 |  |  |  | 671,894 |
Valuation allowance |  |  | (724,866 | ) |  |  | - |
Deferred tax assets |  |  | 1,150,840 |  |  |  | 1,637,454 |
Less: |  |  |  |  |  |  |  |
Deferred tax liabilities - finance leases |  |  | (65,363 | ) |  |  | (125,701 | )
Deferred tax assets, net |  | $ | 1,085,477 |  |  | $ | 1,511,753 |

X
- References No definition available. + Details
Name: | gfai_ScheduleOfComponentsOfTheIncomeTaxProvision
Namespace Prefix: | gfai_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | gfai_ScheduleOfDeferredTaxAssetsAndLiabilities
Namespace Prefix: | gfai_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of pre-tax loss explanatory. + References No definition available. + Details
Name: | gfai_ScheduleOfPretaxLossExplanatory
Namespace Prefix: | gfai_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | gfai_ScheduleOfReconciliationBetweenTheStatutoryTaxRateToIncomeBeforeIncomeTaxesAndTheActualProvisionForIncomeTaxes
Namespace Prefix: | gfai_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | gfai_TaxationTablesLineItems
Namespace Prefix: | gfai_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of interest income and expense. [Refer: Interest income (expense)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfInterestIncomeExpenseExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration