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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of Expected useful life |
Schedule of Expected useful life |  |
|  | Expected useful lives
Computer equipment |  | 3 years
Office equipment |  | 5 years
Renovation |  | 5 years
Schedule of Foreign currencies translation and transactions |
Schedule of Foreign currencies translation and transactions |  |  |  |
|  | December 31, 2021 |  | December 31, 2020
Period-end SGD:US$ exchange rate |  | $ | 0.7409 |  |  | $ | 0.7564 |
Period average SGD:US$ exchange rate |  | $ | 0.7404 |  |  | $ | 0.7251 |
Translation of amounts from VND into US$ has been made at the following exchange rates for the years December 31, 2021 and 2020:
|  | December 31, 2021 |  | December 31, 2020
Period-end VND:US$ exchange rate |  | $ | 0.000044 |  |  | $ | 0.000043 |
Period average VND:US$ exchange rate |  | $ | 0.000043 |  |  | $ | 0.000043 |
Translation of amounts from INR into US$ has been made at the following exchange rates for the years ended December 31, 2021 and 2020:
|  | December 31, 2021 |  | December 31, 2020
Period-end INR:US$ exchange rate |  | $ | 0.01343 |  |  | $ | 0.01371 |
Period average INR:US$ exchange rate |  | $ | 0.01352 |  |  | $ | 0.01353 |
Schedule of computation of diluted net loss per share |
Schedule of computation of diluted net loss per share |  |  |  |  |  |  |  |
|  | Years ended December 31,
|  | 2021 |  | 2020
Net loss attributable to Society Pass Incorporated |  | $ | (34,765,145 | ) |  | $ | (3,827,988 | )
Weighted average common shares outstanding – Basic and diluted |  |  | 9,443,741 |  |  |  | 6,990,131 |
Net loss per share – Basic and diluted |  | $ | (3.68 | ) |  | $ | (0.56 | )
Schedule of Common stock issued |
Schedule of Common stock issued |  |  |  |  |  |  |  |
|  | Years ended December 31,
|  | 2021 |  | 2020
Series A Convertible Preferred Stock (a) |  |  | — |  |  |  | 8,000 |
Series B Convertible Preferred Stock |  |  | — |  |  |  | 764,400 |
Series B-1 Convertible Preferred Stock |  |  | — |  |  |  | 48,000 |
Series C Convertible Preferred Stock |  |  | — |  |  |  | 108,600 |
Series C-1 Convertible Preferred Stock |  |  | — |  |  |  | 865,500 |
Options to purchase common stock (b) |  |  | 1,945,270 |  |  |  | — |
Warrants granted to underwriter |  |  | 144,445 |  |  |  | — |
Warrants granted with Series C-1 Convertible Preferred Stock (c) |  |  | 1,158,000 |  |  |  | 614,100 |
Total of common stock equivalents |  |  | 3,247,715 |  |  |  | 2,408,600 |
(a) | The Series A the conversion formula is aggregate Stated Value divided by IPO price (State Value for each Series A preferred shares is $1,000). These are 8,000 shares of Series A Preferred Stock issued and outstanding (10,000 shares are designated Series A). The conversion formula would be $8 million (the aggregate stated value) divided by IPO price.
(b) | The Board of Directors have approved a 10-years option at an exercise price of $6.49 per share that will be exercisable at any time.
(c) | The expiry date of warrants granted with Series C-1 was extended to June 30, 2022.

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