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Leases | 12 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
LEASES |
20 | LEASES
The Group has lease contracts for various office spaces used in its operations. Leases of such office spaces generally have lease terms between 1 and 5 years. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets. Generally, the Group is restricted from assigning and subleasing the leased assets. There are several lease contracts that include extension and termination options and variable lease payments. Set out below are the carrying amounts of right-of-use assets recognized and the movements during the year:
|  | ROU |
|  | USD |
At January 1, 2020 |  |  | 339,770 |
Depreciation expense (note 8) |  |  | (85,117 | )
At December 31, 2020 |  |  | 254,653 |
Depreciation expense (note 8) |  |  | (84,884 | )
At December 31, 2021 |  |  | 169,769 |
Set out below are the carrying amounts of lease liabilities and the movements during the period:
|  | 2021 |  | 2020 |
|  | USD |  | USD |
As at January 1 |  |  | 319,413 |  |  | 378,914 |
Accretion of interest (note 9) |  |  | 57,779 |  |  | 74,149 |
Payments |  |  | (136,992 | ) |  | (133,650 | )
As at December 31 |  |  | 240,200 |  |  | 319,413 |
|  | 2021 |  | 2020 |
|  | USD |  | USD |
Current |  |  | 104,233 |  |  | 79,214 |
Non-current |  |  | 135,967 |  |  | 240,199 |
|  |  | 240,200 |  |  | 319,413 |
The maturity analysis of lease liabilities is disclosed in Note 24
|  | 2021 |  |  | 2020 |
|  | USD |  |  | USD |
Depreciation expense of right-of-use assets (note 8) |  |  | 84,884 |  |  |  | 85,117 |
Interest expense on lease liabilities (note 9) |  |  | 57,779 |  |  |  | 74,149 |
Expenses relating to short-term lease (note 8) |  |  | 474,865 |  |  |  | 89,362 |
Total amount recognized in profit or loss |  |  | 617,528 |  |  |  | 248,628 |
There are no potential future rental payments, on account of extension options expected not to be exercised and termination option expected to be exercised, relating to periods following the exercise date of extension and termination options that are not included in the lease term.

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