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General and Administrative Expenses
 6 Months Ended
Jun. 30, 2024
General and Administrative Expenses [Abstract]  
GENERAL AND ADMINISTRATIVE EXPENSES
8GENERAL 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.

 

Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported net results.