XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue, net    
Total revenue $ 519,885 $ 52,453
Cost of sales:    
Total cost of revenue (710,683) (88,664)
Gross loss (190,798) (36,211)
Operating expenses:    
Sales and marketing expenses (327,195) (3,125)
Software development costs (95,809) (165,514)
Impairment loss (200,000) (16,375)
General and administrative expenses (33,398,401) (3,529,022)
Total operating expenses (34,021,405) (3,714,036)
Loss from operations (34,212,203) (3,750,247)
Other income (expense):    
Change in contingent service payable (30,198)
Gain from early lease termination 2,454
Interest income 116 19
Interest expense (41,514) (48,989)
Loss on settlement of litigation (550,000)
Warrant modification expense (58,363)
Other income 5,906 9,759
Total other expense (641,401) (69,409)
Loss before income taxes (34,853,604) (3,819,656)
Income taxes (11,136) (8,332)
Net loss (34,864,740) (3,827,988)
Net loss attributable to non-controlling interest (99,595)
NET LOSS ATTRIBUTABLE TO SOCIETY PASS INCORPORATED (34,765,145) (3,827,988)
Other comprehensive loss:    
Foreign currency translation adjustment (2,293) (59,224)
COMPREHENSIVE LOSS (34,867,033) (3,887,212)
Foreign currency translation adjustment attributable to non-controlling interest (3,189)
Comprehensive loss attributable to Society Pass Incorporated $ (34,764,249) $ (3,887,212)
Net loss per share attributable to Society Pass Incorporated :    
– Basic $ (3.68) $ (0.56)
– Diluted $ (3.68) $ (0.56)
Weighted average common shares outstanding:    
– Basic 9,443,741 6,990,131
– Diluted 9,443,741 6,990,131
Sales Online Ordering [Member]    
Revenue, net    
Total revenue $ 482,002
Cost of sales:    
Total cost of revenue (407,662)
Software License [Member]    
Revenue, net    
Total revenue 37,481 48,287
Cost of sales:    
Total cost of revenue (302,813) (79,108)
Hardware Sales [Member]    
Revenue, net    
Total revenue 402 4,166
Cost of sales:    
Total cost of revenue $ (208) $ (9,556)