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General and Administrative Expenses (Tables) | 6 Months Ended
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Jun. 30, 2024
General and Administrative Expenses [Abstract] |
Schedule of General and Administrative Expenses |
|  | For the six-month period ended June 30 |
|  | (Unaudited) |  |  | (Unaudited) |
|  | 2024 |  |  | 2023 |
|  | USD |  |  | USD |
Salaries and other related benefits |  |  | 6,311,194 |  |  |  | 5,507,481 |
Settlement fees* |  |  | - |  |  |  | 2,000,000 |
Insurance expense |  |  | 506,880 |  |  |  | 519,281 |
Provision for employees’ end of service benefit |  |  | 441,484 |  |  |  | 267,281 |
Provision for expected credit losses |  |  | 196,953 |  |  |  | - |
Depreciation of property and equipment (note 9) |  |  | 248,865 |  |  |  | 241,107 |
Rent and related charges |  |  | 444,580 |  |  |  | 286,843 |
Travel expenses |  |  | 161,956 |  |  |  | 149,671 |
Utilities |  |  | 54,826 |  |  |  | 36,164 |
Depreciation of rights-of-use assets |  |  | 60,540 |  |  |  | 73,416 |
License fees |  |  | 224,779 |  |  |  | 50,000 |
Taxes |  |  | - |  |  |  | 15,952 |
Write-off receivables |  |  | 4,699 |  |  |  | 4,644 |
Amortization of intangible assets (note 10) |  |  | 35,384 |  |  |  | 2,449 |
Other expenses |  |  | 127,031 |  |  |  | 56,935 |
|  |  | 8,819,171 |  |  |  | 9,211,224 |
| * | The amount relates to settlement agreement with content owner, related to differing opinions of both parties in reference to distribution of content for certain customers. Both parties agreed on settling the related amount on installments, the last installment is due on September 30, 2024.

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