Society Pass (SOPA) 10-K 22 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 21, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-41037
Entity Registrant Name	SOCIETY PASS INCORPORATED
Entity Central Index Key	0001817511
Entity Tax Identification Number	83-1019155
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	701 S. Carson Street
Entity Address, City or Town	Suite 200 Carson City
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89701
City Area Code	+65
Local Phone Number	6518-9382
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	SOPA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		27,082,849
ICFR Auditor Attestation Flag	false
Auditor Name	OneStop Assurance PAC
Auditor Firm ID	6732
Auditor Location	Singapore

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 18,930,986	$ 23,264,777
Restricted cash	72,350	0
Accounts receivable, net	951,325	52,588
Inventories	310,932	221,068
Contract assets	20,310	0
Deposits, prepayments and other receivables	2,711,042	6,094,254
Total current assets	22,996,945	29,632,687
Non-current assets:
Deposits, prepayments and other receivables	0	858,667
Intangible assets, net	7,458,089	4,000,000
Property, plant and equipment, net	706,038	57,035
Right of use assets, net	1,537,670	627,968
Total non-current assets	9,701,797	5,543,670
TOTAL ASSETS	32,698,742	35,176,357
Current liabilities:
Accounts payables	1,296,571	261,907
Contract liabilities	1,405,090	25,229
Accrued liabilities and other payables	8,325,225	813,598
Amount due to related parties	22,311	524,763
Deferred tax liabilities	69,000	0
Operating lease liabilities	467,938	218,077
Amount due to first insurance funding	0	596,047
Loan	28,164	0
Total current liabilities	11,614,299	2,439,621
Non-current liabilities
Operating lease liabilities	1,073,126	411,053
TOTAL LIABILITIES	12,687,425	2,850,674
SHAREHOLDERS’ EQUITY
Common shares; $0.0001 par value, 95,000,000 shares authorized; 27,082,849 and 19,732,406 shares issued and outstanding as of December 31, 2022 and 2021, respectively	2,708	1,973
Additional paid-in capital	101,427,160	79,833,290
Accumulated other comprehensive gain (loss)	56,527	(54,340)
Accumulated deficit	(81,138,563)	(47,352,456)
Total equity attributable to Society Pass Incorporated	20,347,832	32,428,467
Non-controlling interest	(336,515)	(102,784)
TOTAL EQUITY	20,011,317	32,325,683
TOTAL LIABILITIES AND EQUITY	32,698,742	35,176,357
Series A Preferred Stock [Member]
COMMITMENTS AND CONTINGENCIES
Preferred stock, value
Series B Preferred Stock [Member]
COMMITMENTS AND CONTINGENCIES
Preferred stock, value
Series B 1 Preferred Stock [Member]
COMMITMENTS AND CONTINGENCIES
Preferred stock, value
Series C Preferred Stock [Member]
COMMITMENTS AND CONTINGENCIES
Preferred stock, value
Series C 1 Preferred Stock [Member]
COMMITMENTS AND CONTINGENCIES
Preferred stock, value
Series X Preferred Stock [Member]
COMMITMENTS AND CONTINGENCIES
Preferred stock, value

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	4,916,500	4,916,500
Preferred stock, shares outstanding	4,916,500	4,916,500
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	95,000,000	95,000,000
Common stock, shares issued	27,082,849	19,732,406
Common stock, shares outstanding	27,082,849	19,732,406
Series A Preferred Stock [Member]
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B 1 Preferred Stock [Member]
Preferred stock, shares authorized	15,000	15,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C Preferred Stock [Member]
Preferred stock, shares authorized	15,000	15,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C 1 Preferred Stock [Member]
Preferred stock, shares authorized	30,000	30,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series X Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	3,500	3,500
Preferred stock, shares issued	3,500	3,500
Preferred stock, shares outstanding	3,500	3,500

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total revenue	$ 5,635,553	$ 519,885
Total cost of revenue	(4,668,580)	(710,683)
Gross income (loss)	966,973	(190,798)
Operating expenses:
Sales and marketing expenses	(997,784)	(327,195)
Software development costs	(72,999)	(95,809)
Impairment loss	(3,499,881)	(200,000)
General and administrative expenses	(30,552,365)	(33,398,401)
Total operating expenses	(35,123,029)	(34,021,405)
Loss from operations	(34,156,056)	(34,212,203)
Other income (expense):
Dividend income	2,442
Gain on early lease termination	2,166	2,454
Interest income	84,116	116
Interest expense	(25,105)	(41,514)
Loss on disposal of fixed assets	(19,964)
Loss on settlement of litigation		(550,000)
Warrant modification expense		(58,363)
Other income	101,010	5,906
Total other income (expense)	144,665	(641,401)
Loss before income taxes	(34,011,391)	(34,853,604)
Income taxes	(3,631)	(11,136)
NET LOSS	(34,015,022)	(34,864,740)
NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST	(228,915)	(99,595)
NET LOSS ATTRIBUTABLE TO NON-SOCIETY PASS INCORPORATED	(33,786,107)	(34,765,145)
Other comprehensive loss:
Net loss	(34,015,022)	(34,864,740)
Foreign currency translation adjustment	106,051	(2,293)
COMPREHENSIVE LOSS	(33,908,971)	(34,867,033)
Net loss attributable to non-controlling interest	(228,915)	(99,595)
Foreign currency translation adjustment attributable to non-controlling interest	(4,816)	(3,189)
Comprehensive loss attributable to Society Pass Incorporated	$ (33,675,240)	$ (34,764,249)
Net loss per share attributable to Society Pass Incorporated:
– Basic	$ (1.38)	$ (3.68)
– Diluted	$ (1.38)	$ (3.68)
Weighted average common shares outstanding
– Basic	24,429,526	9,443,741
– Diluted	24,429,526	9,443,741
Sales Online Ordering [Member]
Total revenue	$ 2,269,190	$ 482,002
Total cost of revenue	(2,107,815)	(407,662)
Sales Digital Marketing [Member]
Total revenue	2,593,674
Total cost of revenue	(2,227,413)
Sales Online Ticketing And Reservation [Member]
Total revenue	724,991
Total cost of revenue	(94,048)
Sales Data [Member]
Total revenue	23,747
Total cost of revenue	(10,134)
Software Sales [Member]
Total revenue	23,801	37,481
Total cost of revenue	(229,059)	(302,813)
Hardware Sales [Member]
Total revenue	150	402
Total cost of revenue	$ (111)	$ (208)

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total cost of revenue	$ (4,668,580)	$ (710,683)
Total cost of revenue	4,668,580	710,683
Sales Online Ticketing And Reservation [Member]
Total cost of revenue	(94,048)
Total cost of revenue	94,048
Sales Data [Member]
Total cost of revenue	(10,134)
Total cost of revenue	10,134
Software Sales [Member]
Total cost of revenue	(229,059)	(302,813)
Total cost of revenue	$ 229,059	$ 302,813

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020		$ 742	$ 2,227,033	$ (55,236)	$ (12,587,311)		$ (10,414,772)
Beginning balance, shares at Dec. 31, 2020		7,413,600
Imputed interest			36,381				36,381
Shares issued for services		$ 46	3,513,598				3,513,644
Shares issued for services, shares		459,300
Shares awards issued for services		$ 81	2,804,945				2,805,026
Shares awards issued for services, shares		814,950
Shares issued for accrued salaries		$ 116	960,718				960,834
Shares issued for accrued salaries, shares		1,157,630
Loss on fair value of shares issued for accrued salaries			2,894,075				2,894,075
Share cancellation		$ (15)	15
Share cancellation, shares		(150,000)
Sale of units in initial public offering (net of expense)		$ 312	25,446,842				25,447,154
Sale of units in initial public offering (net of expense), shares		3,125,000
Conversion of preferred stock to common stock upon IPO closing		$ 636	25,768,792				25,769,428
Conversion of preferred stock to common stock upon IPO closing, shares		6,362,089
Fair value of stock option granted for director’s bonus			12,159,652				12,159,652
Share issued upon the exercise of warrant		$ 2	28,978				28,980
Share issued upon the exercise of warrant, shares		20,700
Share issued for consultancy fee and salaries		$ 25	2,489,786				2,489,811
Share issued for consultancy fee and salaries, shares		251,728
Share issued for director
Share issued for director, shares	3,500
Forgiveness of related party debt			1,444,140				1,444,140
Preferred stock C1 warrant modification related expense			58,363				58,363
Shares issued to acquire non-controlling interest		$ 28	(28)
Shares issued to acquire non-controlling interest, shares		277,409
Foreign currency translation adjustment				896		(3,189)	(2,293)
Net loss for the period					(34,765,145)	(99,595)	(34,864,740)
Ending balance, value at Dec. 31, 2021		$ 1,973	79,833,290	(54,340)	(47,352,456)	(102,784)	32,325,683
Ending balance, shares at Dec. 31, 2021	3,500	19,732,406
Shares issued for services		$ 141	5,972,933				5,973,074
Shares issued for services, shares		1,420,025
Shares issued for accrued salaries		$ 20	355,199				355,219
Shares issued for accrued salaries, shares		197,339
Sale of units in public offering (net of expense)		$ 348	10,402,543				10,402,891
Sale of units in initial public offering (net of expense), shares		3,484,845
Shares issued to acquire subsidiary		$ 88	2,059,154				2,059,242
Shares issued to acquire subsidiary, shares		876,560
Share issued upon the exercise of warrant		$ 19	412,871				412,890
Share issued upon the exercise of warrant, shares		187,300
Share issued for accrued services		$ 1	119,456				119,457
Share issued for accrued services, shares		13,273
Shares issued to acquire non-controlling interest
Shares issued to acquire non-controlling interest, shares		2,497
Shares issued for director’s remuneration		$ 32	899,964				899,996
Shares issued for directors remuneration, shares		316,092
Share issued for acquire business operation		$ 7	133,993				134,000
Share issued for acquire business operation, shares		69,072
Share issued upon the exercise options		$ 79	1,237,757				1,237,836
Share issued upon the exercise options, shares		783,440
Foreign currency translation adjustment				110,867		(4,816)	106,051
Net loss for the period					(33,786,107)	(228,915)	(34,015,022)
Ending balance, value at Dec. 31, 2022		$ 2,708	$ 101,427,160	$ 56,527	$ (81,138,563)	$ (336,515)	$ 20,011,317
Ending balance, shares at Dec. 31, 2022	3,500	27,082,849

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net loss	$ (34,015,022)	$ (34,864,740)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	3,307,832	3,210,448
Gain from early lease termination	(2,166)	(2,454)
Impairment loss	3,499,881	200,000
Imputed interest		36,381
Financing charges – first insurance funding	7,770	5,023
Loss on settlement of litigation		550,000
Stock based compensation for services	8,299,566	25,889,909
Warrant modification expense (non-cash)		58,363
Change in operating assets and liabilities:
Accounts receivable	168,953	(50,691)
Inventories	(85,516)	(221,068)
Deposits, prepayments and other receivables	6,374,684	(6,149,889)
Contract assets	(20,310)
Contract liabilities	929,861	6,583
Accounts payables	(862,215)	207,651
Accrued liabilities and other payables	(511,730)	(413,974)
Advances to related parties	(1,352,513)	725,000
Right of use assets	387,163	73,798
Operating lease liabilities	(579,997)	(74,278)
Net cash used in operating activities	(14,453,759)	(10,813,938)
Cash flows from investing activities:
Purchase of investment assets		(200,000)
Purchase of property, plant, and equipment	(566,266)	(46,837)
Purchase of subsidiary	(820,000)
Purchase of assets in a business operation	(80,000)
Cash from purchase of subsidiary and business operation	1,643,659
Net cash provided by (used in) investing activities	177,393	(246,837)
Cash flows from financing activities:
Proceed from the issuance of preferred stock and exercise of warrants into preferred stock	412,890	8,528,079
Proceeds from initial public offering, net of offering expenses	10,402,891	25,447,154
Repayment of loan	(632,876)	(151,476)
Net cash provided by financing activities	10,182,905	33,823,757
Effect on exchange rate change on cash and cash equivalents	(167,980)	(4,871)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(4,261,441)	22,758,111
CASH AND CASH EQUIVALENT AT BEGINNING OF YEAR	23,264,777	506,666
CASH AND CASH EQUIVALENT AT END OF YEAR	19,003,336	23,264,777
Supplemental disclosure of cash flow information:
Cash paid for interest		110
NON-CASH INVESTING AND FINANCING ACTIVITIES
Shares issued to acquire subsidiary	2,059,242
Shares issued to acquire business operation	134,000
Shares issued for accrued services	119,457
Impact of adoption of ASC 842 - lease obligation and ROU asset	1,762,350	653,457
Waiver of related party debt accounted as capital transaction		1,444,140
Fair value of preferred stock issued for services		2,469,342
Fair value of preferred stock accounted and included for issuance cost		441,842
Common stock issued for accrued salaries		960,834
Shares cancellation		15
Prepaid insurance financed by first insurance funding		742,500
Common stock issued for the conversion of preferred stock		25,769,428
Derecognized lease ROU assets and lease liability on early termination		$ 30,800

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	NOTE－ 1 DESCRIPTION OF BUSINESS AND ORGANIZATION Society Pass Incorporated (the “Company”) was incorporated in the State of Nevada on June 22, 2018, under the name of Food Society Inc. On October 3, 2018, the Company changed its company name to Society Pass Incorporated. The Company, through its subsidiaries, mainly sells and distributes the hardware and software for a Point of Sales (POS) application in Vietnam. The Company also has online lifestyle platform to enable consumers to purchase high-end brands of all categories under its own brand name of “Leflair.” The Company has made a number of acquisitions in calendar year 2022, as follows: • In February 2022, the Company completed the acquisition of 100 • In May 2022, the Company completed another acquisition of 100 • On July 7, 2022, the Company and its wholly owned subsidiary Thoughtful Media Group Incorporated collectively acquired 100 • On July 21, 2022, the Company acquired 100 • On August 15, 2022, the Company and its 95 On February 10, 2021, the Company effected a 750 for 1 On September 21, 2021, the Company effected a 1 for 2.5 The forward stock split and reverse stock split transactions described above had no effect on the stated value of the preferred stock and the number of designated shares and outstanding shares of each series of preferred stock was unchanged in accordance with the respective certificate of designations. The number of authorized shares of preferred stock also remained unchanged. The registration statement for the Company’s Initial Public Offering became effective on November 8, 2021. On November 8, 2021, the Company entered into an underwriting agreement with Maxim Group LLC (the “Underwriter”) related to the offering of 2,888,889 9.00 236,111 26,000,001 2,124,999 On February 8, 2022, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with the “Underwriter, related to the offering of 3,030,300 shares (the “Shares”) of the Company’s common stock and warrants to purchase up to 3,030,300 3.30 454,545 Description of subsidiaries incorporated by the Company Schedule of Description of subsidiaries Schedule of Description of subsidiaries Name Place and date of incorporation Principal activities Particulars of registered/ paid up share capital Effective interest held Society Technology LLC United States January 24, 2019 IP Licensing $1 100 % SOPA Cognitive Analytics Private Limited India February 5, 2019 Computer sciences consultancy and data analytics INR 1,238,470 100 % SOPA Technology Pte. Ltd. Singapore June 4, 2019 Investment holding SGD 1,250,000 95 % SOPA Technology Company Limited Vietnam October 1, 2019 Software production Registered: VND 2,307,300,000; 100 % Hottab Pte. Ltd. (HPL) Singapore January 17, 2015 Software development and marketing for the F&B industry SGD 620,287.75 100 % Hottab Vietnam Co. Ltd Vietnam April 17, 2015 Sale of POS hardware and software VND 1,000,000,000 100 % Thoughtful Media Group Co Ltd (FKA: Hottab Asset Company Limited) Vietnam July 25, 2019 Sale of POS hardware and software VND 5,000,000,000 100 % Leflair Incorporated United States December 7, 2021 Investment holding $1 100 % SOPA Capital Limited United Kingdom December 07, 2021 Investment holding GBP 1 100 % SOPA (Phil) Incorporated Philippines Jan 11, 2022 Investment holding PHP 11,000,000 100 % New Retail Experience Incorporated Philippines Jan 16, 2020 On-line Grocery delivery platform PHP 3,750,000 100 % Dream Space Trading Co Ltd Vietnam May 23, 2018 On-line Grocery and food delivery platform VND 500,000,000 100 % Push Delivery Pte. Ltd. Singapore January 7, 2022 Investment holding $2,000 100 % Gorilla Networks Pte. Ltd. Singapore September 3, 2019 Investment holding $2,620,000 and SGD 730,000 100 % Gorilla Connect Pte. Ltd. Singapore May 18, 2022 Telecommunications resellers SGD 100 100 % Gorilla Mobile Singapore Pte. Ltd. Singapore August 6, 2020 Telecommunications resellers SGD 100 100 % Gorilla Networks (VN) LLC Vietnam December 16, 2020 Telecommunications resellers VND 233,000,000 100 % Thoughtful Media Group Incorporated United States June 28,2022 Investment holding $10 100 % Thoughtful (Thailand) Co. Ltd Thailand September 2, 2014 Digital marketing THB 2,000,000 99.75 % AdActive Media CA Inc. United States April 12, 2010 Digital marketing Preferred: $1,929.1938 100 % PT Tunas Sukses Mandiri Indonesia February 8, 2010 Online ticketing and reservation IDR 26,000,000 100 % Nusatrip Malaysia Sdn Bhd Malaysia March 1, 2017 Online ticketing and reservation MYR 52,000 75 % Nusatrip Singapore Pte. Ltd. Singapore December 6, 2016 Online ticketing and reservation SGD 212,206 75 % Nusatrip International Pte. Ltd. Singapore January 9, 2015 Online ticketing and reservation SGD 100,000 75 % The Company and its subsidiaries are hereinafter referred to as (the “Company”).

LIQUIDITY AND CAPITAL RESOURCES

LIQUIDITY AND CAPITAL RESOURCES	12 Months Ended
	Dec. 31, 2022
Liquidity And Capital Resources
LIQUIDITY AND CAPITAL RESOURCES	NOTE－ 2 LIQUIDITY AND CAPITAL RESOURCES The accompanying audited consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of December 31, 2022, the Company had cash balances of $ 19,003,336 11,382,646 81,138,563 34,015,022 14,453,759 177,393 10,182,905 10,402,891 412,890 632,876 While the Company believes that it will be able to continue to grow the Company’s revenue base and control expenditures, there is no assurance that it will be able to achieve these goals. As a result, the Company continually monitors its capital structure and operating plans and evaluates various potential funding alternatives that may be needed to finance the Company’s business development activities, general and administrative expenses and growth strategy. The consolidated financial statements for the years ended December 31, 2022 and 2021 have been prepared on a going concern basis and do not include any adjustments to reflect the possible future effects on the recoverability and classifications of assets or the amounts and classifications of liabilities that may result from the inability of the Company to continue as a going concern COVID-19 (Delta and Omicron variants) and other Global Events COVID-19 has globally resulted in loss of life, business shutdowns, restrictions on travel, and widespread cancellation of social gatherings. The extent to which the COVID-19 pandemic impacts our business will depend on future developments, which are highly uncertain and cannot be predicted at this time, including: • new information which may emerge concerning the severity of the disease in Vietnam and SEA; • the duration and spread of the outbreak; • the severity of travel restrictions imposed by geographic areas in which we operate, mandatory or voluntary business closures; • regulatory actions taken in response to the pandemic, which may impact merchant operations, consumer and merchant pricing, and our product offerings; • other business disruptions that affect our workforce; • the impact on capital and financial markets; and • action taken throughout the world, including in markets in which we operate, to contain the COVID-19 outbreak or treat its impact. In addition, the current outbreak of COVID-19 has resulted in a widespread global health crisis and adversely affected global economies and financial markets, and similar public health threats could do so in the future. Such events have impacted, and could in the future impact, demand for merchants and consumer purchase patterns, which in turn, could adversely affect our revenue and results of operations. Since the onset of the COVID-19 pandemic in March and April 2020, all our POS merchant clients are affected by COVID-19 measures for F&B to temporary stop restaurant dine ins. • Some of our restaurant clients ceased operations permanently and many were closed since June 2020 without any notice of reopening their business to date. • Our largest POS client, a hotel chain for which we provide POS services to their F&B business in their hotels, ceased operations in two out of nine hotels since April 2020. With the ongoing pandemic, Company faces challenges in our operation as follows: • Disruption of operation in Vietnam, Philippines, India, Singapore and US where staffs have to work from home. • The coordination of rebooting of company’s recent asset acquisition of NREI and Dream Space, which are the F&B Delivery platforms in operate in Philippines and Vietnam respectively. • Application of licenses are delayed as government agencies take longer time to review and process time. • HR process to hire personnel are generally slow due to people not willing to leave their current job, company have to spend more time and resource. The spread of COVID-19 has caused us to modify our business practices, including employee travel, employee work locations in certain cases, and cancellation of physical participation in certain meetings, events and conferences and further actions may be taken as required or recommended by government authorities or as we determine are in the best interests of our employees, customers, and other business partners. We are monitoring the global outbreak of the pandemic, in SEA, especially Vietnam and are taking steps in an effort to identify and mitigate the adverse impacts on, and risks to, our business posed by its spread and the governmental and community reactions thereto. See “Risk Factors--Our business may be materially adversely affected by the recent coronavirus (COVID-19) outbreak. The Russian-Ukraine war and the supply chain disruption have not affected any specific segment of our business.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE－ 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. • Basis of presentation These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). • Emerging Growth Company We are an “emerging growth company” under the JOBS Act. For as long as we are an “emerging growth company,” we are not required to: (i) comply with any new or revised financial accounting standards that have different effective dates for public and private companies until those standards would otherwise apply to private companies, (ii) provide an auditor’s attestation report on management’s assessment of the effectiveness of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act, (iii) comply with any new requirements adopted by the Public Company Accounting Oversight Board (“PCAOB”) or a supplement to the auditor’s report in which the auditor would be required to provide additional information about the audit and the financial statements of the issuer or (iv) comply with any new audit rules adopted by the PCAOB after April 5, 2012, unless the SEC determines otherwise. However, we have elected to “opt out” of the extended transition period discussed in (i) and will therefore comply with new or revised accounting standards on the applicable dates on which the adoption of such standards are required for non-emerging growth companies. Section 107 of the JOBS Act provides that our decision to opt out of such extended transition period for compliance with new or revised accounting standards is irrevocable. • Use of estimates and assumptions In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the years reported. Actual results may differ from these estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial condition and results of operations could be materially impacted. Significant estimates in the period include the allowance for doubtful accounts on accounts receivable, the incremental borrowing rate used to calculate right of use assets and lease liabilities, useful lives of intangible assets, impairment of long-lived assets and goodwill, valuation of common stock and stock warrants, stock option valuations, inventory valuation, revenue recognition, the allocation of purchase consideration in business combinations, and deferred tax assets and liabilities and the related valuation allowance. • Basis of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company balances and transactions have been eliminated upon consolidation. • Business combination The Company follows Accounting Standards Codification (“ASC”) ASC Topic 805, Business Combinations Consolidation • Noncontrolling interest The Company accounts for noncontrolling interests in accordance with ASC Topic 810, which requires the Company to present noncontrolling interests as a separate component of total shareholders’ equity on the consolidated balance sheets and the consolidated net loss attributable to its noncontrolling interest be clearly identified and presented on the face of the consolidated statements of operations and comprehensive loss. • Segment reporting ASC Topic 280, Segment Reporting • Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. As of December 31, 2022 and 2021, the cash and cash equivalents amounted to $ 19,003,336 23,264,777 The Company currently has bank deposits with financial institutions in the U.S. which exceed FDIC insurance limits. FDIC insurance provides protection for bank deposits up to $ 250,000 9,256,175 13,699,082 9,047,911 9,315,695 • Restricted cash Restricted cash refers to cash that is held by the Company for specific reasons and is, therefore, not available for immediate ordinary business use. The restricted cash represented fixed deposit maintained in bank accounts that are pledged. As of December 31, 2022 and 2021, the restricted cash amounted to $ 72,350 0 • Accounts receivable Accounts receivables are recorded at the amounts that are invoiced to customers, do not bear interest, and are due within contractual payment terms, generally 30 to 90-days from completion of service or the delivery of a product. Credit is extended based on an evaluation of a customer’s financial condition, the customer’s creditworthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. Quarterly, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company records bad debt expense and records an allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For receivables that are past due or not being paid according to payment terms, appropriate actions are taken to pursue all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered remote. Currently, the Company does not have any off-balance-sheet credit exposure related to its customers, and as of both December 31, 2022 and 2021, there was no • Inventories Inventories are stated at the lower of cost or net realizable value, cost being determined on a first-in-first-out method. Costs include hardware equipment and peripheral costs which are purchased from the Company’s suppliers as merchandized goods. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. During the years ended December 31, 2022 and 2021, the Company recorded an allowance for obsolete inventories of $ 0 0 310,932 221,068 • Prepaid expenses Prepaid expenses represent payments made in advance for products or services to be received in the future and are amortized to expense on a ratable basis over the future period to be benefitted by that expense. Since the Company has prepaid expenses categorized as both current and non-current assets, the benefits associated with the products or services are considered current assets if they are expected to be used during the next twelve months and are considered non-current assets if they are expected to be used over a period greater than one year. • Property, plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Schedule of Expected useful life Expected useful lives Computer equipment 3 Office equipment 5 Renovation 5 Expenditures for repairs and maintenance are expensed as incurred. When assets have been retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations. • Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, “ Impairment or Disposal of Long-Lived Assets • Revenue recognition The Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09"). Under ASU 2014-09, the Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: • Identify the contract with a customer; • Identify the performance obligations in the contract; • Determine the transaction price; • Allocate the transaction price to performance obligations in the contract; and • Recognize revenue as the performance obligation is satisfied. The Company generates its revenues from a diversified a mix of e-commerce activities that correspond to our four business segments (business to consumer or “B2C”), grocery and food delivery (B2C), telecommunication reseller (B2C) and the services providing to merchants for their business growth (business to business or “B2B”). The Company’s performance obligations include providing connectivity between merchants and consumers, generally through an online ordering platform. The platform allows merchants to create an account, display a menu and track their sale reports on the merchant facing application. The platform also allows the consumers to create an account and order from merchants on the consumer facing application. The platform allows a delivery company to accept an online delivery request and deliver or ship an order from a merchant to customer. Lifestyle The Company has developed an online lifestyle platform (the “Lifestyle Platform”) under its own brand name of “Leflair” to enable consumers to purchase high-end brands in many categories. Using the Company’s smart search engine, consumers search or review their favorite brands among hundreds of choices in various categories, including Apparel, Bags & Shoes, Accessories, Health & Beauty, Home & Lifestyle, International, Women, Men and Kids & Babies categories. The Lifestyle Platform also allows customers to order from hundreds of vendor choices with personalized promotions based on their individual purchase history and location. The platform has also partnered with a Vietnam-based delivery company, Amilo, to offer seamless delivery of product from merchant to consumer’s home or office at the touch of a button. Consumers can place orders for delivery or can collect their purchases at the Company’s logistics center. Grocery and Food Delivery Other online platforms include online platforms in Vietnam, under the brand name of “Handycart”, and Philippines, under the brand names of “Pushkart” and “Mangan”, to enable the consumers to purchase meals from restaurants and food from local grocery and food merchants and deliver to them in their area. Telecommunications The Company operates a Singapore-based online telecommunication reseller platform under brand name of “Gorilla” to enable the consumers to subscribe local mobile data and overseas internet data in different subscription package. Established in Singapore in 2019, Gorilla utilizes blockchain and Web3 technology to operate a MVNO for its users in South East Asia (SEA). With network coverage to over 150 countries, Gorilla offers a full suite of mobile communication services such as local calls, international roaming, data, and SMS texting. More importantly, Gorilla enables its customers to convert unused mobile data into digital assets or Gorilla GO Tokens through its innovative proprietary blockchain-based SwitchBack feature. Gorilla GO Tokens in turn can be redeemed for eVouchers, to offset future bills, or be redeemed for other value-added services. Please visit https://gorilla.global/ for more information. Digital Media The acquisition of a digital media platform, TMG, amplifies the reach and engagement of the Company’s e-commerce ecosystem and retail partners. Originally founded in 2010, TMG today creates and distributes digital advertising campaigns across its multi-channel network in both SEA and the US. With its intimate knowledge of local markets, digital marketing technology tools and social commerce business focus, advertisers leverage TMG’s wide influencer network throughout SEA to market and sell advertising inventory exclusively with specific placement and effect. As a result, Thoughtful Media’s content creator partners earn a larger share of advertising revenues from international consumer brands. Thoughtful Media’s data-rich multi-channel network has uploaded over 675,000 videos with over 80 billion video views. The current network of 263 YouTube channels has onboarded over 85 million subscribers with an average monthly viewership of over 600 million views. Travel The Company purchased the Nusatrip Group, a leading Jakarta-based Online Travel Agency (“OTA”) in Indonesia and across SEA. The Nusatrip acquisition extended SoPa’s business reach into SEA regional travel industry and marked the Company’s first foray into Indonesia. Established in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, Nusatrip pioneered offering a comprehensive range of airlines and hotels to Indonesian corporate and retail customers. With its first mover advantage, Nusatrip has onboarded over 1.2 million registered users, over 500 airlines and over 200,000 hotels around the world as well as connected with over 80 million unique visitors. The Company’s e-Commerce business 1) When a customer places an order on either the Leflair website or app, a sales orders report will be generated in the system. The Company will either fulfill this order from its inventory or purchase the item from the manufacturer or distributor. Once the Company has the item in its distribution center, it will contract with a logistics partner delivered to the end customer. The sale is recognized when the delivery is completed by the logistics partner to the end customer. Sale of products are offered with a limited right of return ranging from 3 to 30 days, from the date of purchase and not subject to any product warranty. The Company is considered the principal in this e-commerce transaction and reports revenue on a gross basis as the Company establishes the price of the product, has responsibility for fulfillment of the order and retains the risk of collection. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 2,118,191 482,002 The Company’s Merchant POS Software sales consist of: 1) Subscription fees consist of the fees that the Company charge merchants to obtain access to the Merchant Marketing Program. 2) The Company provides optional add-on software services which includes Analytics and Chat box capabilities at a fixed fee per month. 3) The Company collects commissions when they sell third party hardware and equipment (cashier stations, waiter tablets and printers) to merchants. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 23,801 37,481 Hardware sales — the Company generally is involved with the sale of on-premises appliances and end-point devices. The single performance obligation is to transfer the hardware product (which is to be installed with its licensed software integral to the functionality of the hardware product). The entire transaction price is allocated to the hardware product and is generally recognized as revenue at the time of delivery because the customer obtains control of the product at that point in time. It is concluded that control generally transfers at that point in time because the customer has title to the hardware, physical possession, and a present obligation to pay for the hardware. Payments for hardware contracts are generally due 30 to 90 days after shipment of the hardware product. The Company records revenues from the sales of third-party products on a “gross” basis pursuant to ASC Topic 606 when the Company controls the specified good before it is transferred to the end customer and have the risks and rewards as principal in the transaction, such as responsibility for fulfillment, retaining the risk for collection, and establishing the price of the products. If these indicators have not been met, or if indicators of net revenue reporting specified in ASC Topic 606 are present in the arrangement, revenue is recognized net of related direct costs since in these instances we act as an agent. Software subscription fee — The Company’s performance obligation includes providing customer access to our software, generally through a monthly subscription, where the Company typically satisfies its performance obligations prior to the submission of invoices to the customer for such services. The Company’s software sale arrangements grant customers the right to access and use the software products which are to be installed with the relevant hardware for connectivity at the outset of an arrangement, and the customer is entitled to both technical support and software upgrades and enhancements during the term of the agreement. The term of the subscription period is generally 12 months, with automatic one-year renewal. The subscription license service is billed monthly, quarterly or annually. Sales are generally recorded in the month the service is provided. For clients who are billed on an annual basis, deferred revenue is recorded and amortized over the life of the contract. Payments are generally due 30 to 90 days after delivery of the software licenses. The Company records its revenues, net of value added taxes (“VAT”), which is levied at the rate of 10% on the invoiced value of sales. Grocery and food delivery Customers place order for groceries and take-out food through our online platforms of “Pushkart” and “Handcart” respectively. When the grocery or food merchant receives and order, our platform will assign a third-party delivery service to pick up and deliver the grocery and/or food order to the customer. Revenue is recognized when the grocery and/or food is delivered, at which time the customer pays for the grocery and /or food order with cash, at Net of merchant cost. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 150,999 0 As a telecommunication reseller Local mobile plan - customers choose and subscribe to a monthly local mobile plan through our “Gorilla” online platform. The Company will proceed to register the sim card (effectively, the mobile telephone number activation card) and arrange delivery of that Sim card to the customer. Following Sim card activation, the system will capture the monthly data usage of each customer, calculated in accordance with the package data capacity and monthly subscription rate, which amounts are aggregated and recorded as revenue. Unused data will be converted to Rewards Points and carried forward to next month for potential subsequent data usage. As a result of the rewards points, the company also recognize revenue from Rewards Point redemption for subscription fees offset, voucher redemption, extra data purchases, that the customer chooses to use via our online platform. Overseas internet data plan – a customer will place order for their desired overseas internet data plan through either the “Gorilla” online platform or third-party partner platforms. Subscription revenue is recognized when the Sim card is delivered and activated. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 23,747 0 Digital marketing The Company is required to establish as Multi-Channel Network (MCN) for YouTube Creators and fulfilled the basic MCN guidelines on timely basis. The Company engages the creator in contract as a platform to nurture the creator in brainstorming creative content ideas, coaching on growing their audience size and connection with top brands. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 2,593,674 0 Online ticketing and reservation The Company’s revenues are substantially reported on a net basis as the travel supplier is primarily responsible for providing the underlying travel services and the Company does not control the service provided by the travel supplier to the traveler. Revenue from air ticketing services, air ticket commission, hotel reservation and refund margin are substantially recognized at a point of time when the performance obligations that are satisfied. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 724,991 0 Contract assets In accordance with ASC Topic 606, a contract asset arises when the Company transfers a good or performs a service in advance of receiving consideration from the customer as agreed upon. A contract asset becomes a receivable once the Company’s right to receive consideration becomes unconditional. There were contract assets balance was $ 20,310 0 Contract liabilities In accordance with ASC Topic 606, a contract liability represents the Company’s obligation to transfer goods or services to a customer when the customer prepays for a good or service or when the customer’s consideration is due for goods and services that the Company will yet provide whichever happens earlier. Contract liabilities represent amounts collected from, or invoiced to, customers in excess of revenues recognized, primarily from the billing of annual subscription agreements. The value of contract liabilities will increase or decrease based on the timing of invoices and recognition of revenue. The Company’s contract liability balance was $ 1,405,090 25,229 • Software development costs In accordance with the relevant FASB accounting guidance regarding the development of software to be sold, leased, or marketed, the Company expenses such costs as they are incurred until technological feasibility has been established, at and after which time these costs are capitalized until the product is available for general release to customers. Once the technological feasibility is established per ASC Topic 985, Software, the Company capitalizes costs associated with the acquisition or development of major software for internal and external use in the balance sheet. These capitalized software costs are ratably amortized over the period of the software’s estimated useful life. Costs incurred to enhance the Company’s software products, after general market release of the services using the products, is expensed in the period they are incurred. The Company only capitalizes subsequent additions, modifications or upgrades to internally developed software to the extent that such changes allow the software to perform a task it previously did not perform. The Company also expenses website costs as incurred. Research and development expenditures arising from the development of the Company’s own software are charged to operations as incurred. For the years ended December 31, 2022, and 2021, software development costs were $ 72,999 95,809 • Cost of sales Cost of sales under online ordering consist of the cost of merchandizes ordered by the consumers and the related shipping and handling costs, which are directly attributable to the sales of online ordering. Cost of sales related to software sales consist of the cost of software and payroll costs, which are directly attributable to the sales of software. Cost of sales related to hardware sales consist of the cost of hardware and payroll costs, which are directly attributable to the sales of hardware. Cost of sales related to grocery and food delivery consist of the cost of the outsourced delivery and the outsource payment gateway, which are directly attributable to the sales of grocery and food delivery. Cost of sales related to our telecommunication data reseller segment consist of the cost of the primary telecommunication service, which are directly attributable to the sales of telecommunication data. Cost of sales under digital marketing consist of the cost of primary digital marketing service, which are directly attributable to the sales of digital marketing. • Shipping and handling costs No shipping and handling costs are associated with the distribution of the products to the customers since those costs are borne by the Company’s suppliers or distributors for our merchant POS business. The shipping and handling costs for all segments other than our e-commerce segment are recorded net in sales. For shipping costs related to our e-commerce business, those shipping costs are recorded in cost of sales. • Sales and marketing Sales and marketing expenses include payroll, employee benefits and other headcount-related expenses associated with sales and marketing personnel, and the costs of advertising, promotions, seminars, and other programs. Advertising costs are expensed as incurred. Advertising expense was $ 997,784 327,195 • Product warranties The Company’s provision for estimated future warranty costs is based upon the historical relationship of warranty claims to sales. Based upon historical sales trends and warranties provided by the Company’s suppliers, the Company has concluded that no warranty liability is required as of December 31, 2022 and 2021. To date, product allowance and returns have been minimal and, based on its experience, the Company believes that returns of its products will continue to be minimal, although it looks at this issue every quarter to continue to support its assertion. • Income tax The Company adopted the ASC 740 Income Tax The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary. In addition to U.S. income taxes, the Company and its wholly-owned foreign subsidiary, is subject to income taxes in the jurisdictions in which it operates. Significant judgment is required in determining the provision for income tax, there may be transactions and calculations for which the ultimate tax determination is uncertain. The company recognizes liabilities for anticipated tax audit issues based on the Company’s current understanding of the tax law. Where the final tax outcome of these matters is different from the carrying amounts, such differences will impact the current and deferred tax provisions in the period in which such determination is made. • Foreign currencies translation and transactions The reporting currency of the Company is the United States Dollar ("$") and the accompanying consolidated financial statements have been expressed in $s. In addition, the Company’s subsidiary is operating in the Republic of Vietnam, Singapore, India and Philippines and maintains its books and record in its local currency, Vietnam Dong (“VND”), Singapore Dollar (“SGD”), Indian Rupee (“INR”), Philippines Pesos (“PHP”), Malaysian Ringgit (“MYR), Thailand Baht (“THB”) and Indonesian Rupiah (“IDR”), respectively, which are the functional currencies in which the subsidiary’s operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not $ are translated into $s, in accordance with ASC Topic 830, “Translation of Financial Statement” (“ASC 830") using the applicable exchange rates on the balance sheet date. Shareholders’ equity is translated using historical rates. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from the translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income (loss) within the statements of changes in shareholder’s equity. Schedule of Foreign currencies translation and transactions Translation of amounts from SGD into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: Schedule of Foreign currencies translation and transactions December 31, 2022 December 31, 2021 Period-end SGD$:$ exchange rate $ 0.7450 $ 0.7409 Period average SGD$:$ exchange rate $ 0.7254 $ 0.7404 Translation of amounts from VND into $ has been made at the following exchange rates for the years December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end VND$:$ exchange rate $ 0.000042 $ 0.000044 Period average VND$:$ exchange rate $ 0.000043 $ 0.000043 Translation of amounts from INR into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end INR$:$ exchange rate $ 0.0121 $ 0.0134 Period average INR$:$ exchange rate $ 0.0127 $ 0.0135 Translation of amounts from PHP into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end PHP:$ exchange rate $ 0.0179 $ N/A Period average PHP:$ exchange rate $ 0.0184 $ N/A Translation of amounts from THB into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end THB:$ exchange rate $ 0.0288 $ N/A Period average THB:$ exchange rate $ 0.0286 $ N/A Translation of amounts from MYR into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end MYR:$ exchange rate $ 0.2265 $ N/A Period average MYR:$ exchange rate $ 0.2275 $ N/A T December 31, 2022 December 31, 2021 Period-end IDR:$ exchange rate $ 0.000064 $ N/A Period average IDR:$ exchange rate $ 0.000067 $ N/A Translation gains and losses that arise from exchange rate fluctuations from transactions denominated in a currency other than the functional currency are translated, as the case may be, at the rate on the date of the transaction and included in the results of operations as incurred. • Comprehensive income ASC Topic 220, “ Comprehensive Income • Earnings per share Basic per share amounts are calculated using the weighted average shares outstanding during the year, excluding unvested restricted stock units. The Company uses the treasury stock method to determine the dilutive effect of stock options and other dilutive instruments. Under the treasury stock method, only “in the money” dilutive instruments impact the diluted calculations in computing diluted earnings per share. Diluted calculations reflect the weighted average incremental common shares that would be issued upon exercise of dilutive options assuming the proceeds would be used to repurchase shares at average market prices for the years. For the years ended December 31, 2022 and 2021, diluted weighted-average common shares outstanding is equal to basic weighted-average common shares, due to the Company’s net loss position. Hence, no common stock equivalents were included in the computation of diluted net loss per share since such inclusion would have been antidilutive. Schedule of computation of diluted net loss per share: Schedule of computation of diluted net loss per share Years ended December 31, 2022 2021 Net loss attributable to Society Pass Incorporated $ (33,786,107 ) $ (34,765,145 ) Weighted average common shares outstanding – Basic and diluted 24,429,526 9,443,741 Net loss per share – Basic and diluted $ (1.38 ) $ (3.68 ) The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding, because such securities had an antidilutive impact: Schedule of Common stock issued Year ended December 31, 2022 2021 Options to purchase common stock (a) 1,945,270 1,945,270 Warrants granted to underwriter 3,793,929 144,445 Warrants granted with Series C-1 Convertible Preferred Stock (b) — 1,158,000 Total of common stock equivalents 5,739,199 3,247,715 (a) The Board of Directors have approved a 10-year stock option at an exercise price of $6.49 per share that will be exercisable at any time. (b) The expiry date of warrants granted with Series C-1 was extended to June 30, 2022. • Leases The Company adopted Topic 842, Leases ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company generally

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2022
Revenue
REVENUE	NOTE－ 4 REVENUE Revenue was generated from the following activities: Schedule of Revenue Years ended December 31, 2022 2021 Sales – online ordering $ 2,269,190 $ 482,002 Sales – digital marketing 2,593,674 — Sales – online ticketing and reservation 724,991 — Sales – data 23,747 — Software subscription sales 23,801 37,481 Hardware sales 150 402 $ 5,635,553 $ 519,885 Contract liabilities recognized was related to online ticketing and reservation, digital marketing, telecommunication reseller and software sales and the following is reconciliation for the periods presented: Schedule of Contract liabilities: Schedule of Contract liabilities Year ended December 31, 2022 2021 Contract liabilities, brought forward $ 25,229 $ 18,646 Add: recognized as deferred revenue 1,405,090 44,064 Less: recognized as revenue (25,229 ) (37,481 ) Contract liabilities, carried forward $ 1,405,090 $ 25,229

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE－ 5 SEGMENT REPORTING Currently, the Company has four reportable business segments: (i) e-Commerce – operates an online lifestyle platform under the brand name of “Leflair” covering a diversity of services and products, such as fashion and accessories, beauty and personal care, and home and lifestyle, all managed by SOPA Technology Company Ltd, (ii) Merchant point of sale (“POS”) – is involved in the sale of hardware and software to merchants and this segment is managed by Hottab group and SOPA entities except SOPA Technology Company Ltd, (iii) Online grocery and food deliveries – operate an online food delivery service under the “Handycart” brand name and an online grocery delivery under the “Pushkart” brand name, managed by Dream Space Trading Co Ltd and New Retail Experience Incorporated respectively, and (iv) Telecommunication reseller – provide sales of local mobile phone plans and global internet data provider plans, both services managed by the Gorilla Group. (v) Digital marketing operates the digital marketing business with creator and digital marketing platform. (vi) Online ticketing and reservation - operates the sale of domestic and overseas air ticket and global hotel reservations. The Company’s Chief Finance Officer (CFO) evaluates operating segments using the information provided in the following tables that presents revenues and gross profits by reportable segment, together with information on the segment tangible and intangible assets. Schedule of Segment Reporting Schedule of Segment Reporting Years ended December 31, 2022 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Revenue from external customers Sales – online ordering 150,999 — — 2,118,191 — — 2,269,190 Sales – digital marketing — 2,593,674 — — — — 2,593,674 Sales – online ticketing and reservation — — 724,991 — — — 724,991 Sales – data — — — — 23,747 — 23,747 Software sales — — — — — 23,801 23,801 Hardware sales — — — — — 150 150 Total revenue 150,999 2,593,674 724,991 2,118,191 23,747 23,951 5,635,553 Cost of sales: Cost of online ordering — — — (1,961,203 ) — — (1,961,203 ) Cost of online platform (146,612 ) — — — — — (146,612 ) Sales – online ticketing and reservation — — (94,048 ) — — — (94,048 ) Cost of digital marketing — (2,227,413 ) — — — — (2,227,413 ) Cost of data — — — — (10,134 ) — (10,134 ) Software sales — — — (204,777 ) — (24,282 ) (229,059 ) Hardware sales — — — — — (111 ) (111 ) Total cost of revenue (146,612 ) (2,227,413 ) (94,048 ) (2,165,980 ) (10,134 ) (24,393 ) (4,668,580 ) Gross income (loss) 4,387 366,261 630,943 (47,789 ) 13,613 (442 ) 966,973 Operating Expenses Sales and marketing expenses (23,468 ) (27,134 ) (144,236 ) (793,582 ) (9,364 ) — (997,784 ) Software development costs — — — — — (72,999 ) (72,999 ) Impairment loss — — — — — (3,499,881 ) (3,499,881 ) Depreciation (6,603 ) (1,288 ) (39,965 ) (3,625 ) (8,803 ) (47,548 ) (107,832 ) Amortization — — — — — (3,200,000 ) (3,200,000 ) General and administrative expenses (262,359 ) (483,395 ) (624,090 ) (1,345,954 ) (236,424 ) (24,292,311 ) (27,244,533 ) Total operating expenses (292,430 ) (511,817 ) (808,291 ) (2,143,161 ) (254,591 ) (31,112,739 ) (35,123,029 ) Loss from operations (288,043 ) (145,556 ) (177,348 ) (2,190,950 ) (240,978 ) (3,111,318 ) (34,156,056 ) Other income (expense) Interest income 25 38 1,158 728 — 82,167 84,116 Dividend income 2,442 — — — — — 2,442 Interest expense — (4,647 ) — — (12,688 ) (7,770 ) (25,105 ) Gain from early lease termination — — — — — 2,166 2,166 Loss on disposal of fixed assets — — (19,964 ) (19,964 ) Other income 2,804 7,867 (463,288 ) 101,010 Total other income (expense) 5,271 (4,821 ) (406,689 ) 144,665 Loss before income taxes (282,772 ) (245,799 ) (31,519,870 ) (34,011,391 ) Year ended December 31, 2021 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Revenue from external customers Sales – online ordering — — — 482,002 — — 482,002 Sales – digital marketing — — — — — — — Sales – online ticketing and reservation — — — — — — — Sales – data — — — — — — — Software sales — — — — — 37,481 37,481 Hardware sales — — — — — 402 402 Total revenue — — — 482,002 — 37,883 519,885 Cost of sales: Cost of online ordering — — — (407,662 ) — — (407,662 ) Cost of digital marketing — — — — — — — Cost of data — — — — — — — Software sales — — — (254,028 ) (48,785 ) (302,813 ) Hardware sales — — — — — (208 ) (208 ) Total cost of revenue — — — (661,690 ) — (48,993 ) (710,683 ) Gross income (loss) — — — (179,688 ) — (11,110 ) (190,798 ) Operating Expenses Sales and marketing expenses — — — (318,697 ) — (8,498 ) (327,195 ) Software development costs — — — — — (95,809 ) (95,809 ) Impairment loss — — — (200,000 ) — — (200,000 ) Depreciation — — — — — (10,448 ) (10,448 ) Amortization — — — — — (3,200,000 ) (3,200,000 ) General and administrative expenses — — — (203,203 ) — (29,984,750 ) (30,187,953 ) Total operating expenses — — — (721,900 ) — (33,299,505 ) (34,021,405 ) Loss from operations — — — (901,588 ) — (33,310,615 ) (34,212,203 ) Other income (expense) Gain from early lease termination — — — — — 2,454 2,454 Interest income — — — 103 — 13 116 Interest expense — — — — — (41,514 ) (41,514 ) Loss on settlement of litigation — — — — — (550,000 ) (550,000 ) Warrant modification expense — — — — — (58,363 ) (58,363 ) Other income — — — 2,135 — 3,771 5,906 Total other income (expense) — — — 2,238 — (643,639 ) (641,401 ) Loss before income taxes — — — (899,350 ) — (33,954,254 ) (34,853,604 ) December 31, 2022 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Intangible assets, net 378,170 — 89,808 — 948,457 6,041,654 7,458,089 Identifiable assets 345,017 1,507,771 3,190,380 2,164,386 81,924 17,951,175 25,240,653 December 31, 2021 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Intangible assets, net — — — — — 4,000,000 4,000,000 Identifiable assets — — — 9,638,035 — 21,538,322 31,176,357 The below sales are based on the countries in which the customer is located. Summarized financial information concerning our geographic segments is shown in the following tables: Schedule of geographic segments Year Ended December 31, 2022 2021 Indonesia $ 443,147 $ 34,830 Vietnam 2,186,007 485,055 Philippines 142,642 — Singapore 321,701 — United States 2,310,933 — Thailand 225,172 — Malaysia 4,242 — Hong Kong 1,709 — $ 5,635,553 $ 519,885

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATION	NOTE－ 6 BUSINESS COMBINATION The Company has accounted for all of its business acquisitions in accordance with the requirements of ASC 805, Business Combinations (“ASC 805"). Assets acquired and liabilities assumed in business combinations were recorded on the Condensed as of Consolidated Balance Sheets as of the respective acquisition dates based upon their estimated fair values at such dates. The results of operations of businesses acquired by the Company have been included in the Consolidated Statements of Operations and Other Comprehensive Loss since their respective dates of acquisition. The excess of the purchase price over the fair values of the underlying assets acquired and liabilities assumed was allocated to goodwill. In certain circumstances, the allocation of the purchase price is based upon preliminary estimates and assumptions. Any revision to the fair values during the measurement period (no longer than one-year after the acquisition date) will be recorded by the Company as further adjustments to the purchase price allocations. The Company allocates the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed, and intangible assets identified as of the acquisition date and generally engages an independent valuation analyst to assist the Company in preparing its preliminary and final determinations of fair value. Acquisition-related costs incurred for all acquisitions are expensed as incurred and recorded in general and administrative expense. Acquisition of New Retail Experience Incorporated On February 14, 2022, the Company completed the acquisition of a 100 994,555 226,629 800,000 200,000 Schedule of Acquisition of assets and liability Purchase price allocation: Fair value of stock at closing $ 800,000 Cash paid 200,000 Less cash received (5,445 ) Purchase price $ 994,555 The transaction was accounted for using the acquisition method. Accordingly, goodwill has been measured as the excess of the total consideration over the amounts assigned to the identifiable assets acquired and liabilities assumed based on our preliminary estimated fair values. The Company has allocated the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed, and intangible assets identified as of the acquisition date and considered a number of factors including valuations from management estimation. Acquisition-related costs incurred for the acquisitions are not material and have been expensed as incurred in general and administrative expense. The Company worked with an independent valuation firm to finalize the fair value of these identifiable assets and net liabilities assumed and reallocated the purchase price of the acquisition based on the results of the independent evaluation since they are materially different from the allocations as recorded on February 14, 2022. The fair value of assets acquired, and liabilities assumed in were as follows and the purchase price allocation resulted in $ 779,000 Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 4,728 Other receivables 9,603 Property and equipment 204 Total acquired assets 14,535 Less: Assumed liabilities Trade payables 2,804 Accrued liabilities and other payable 279 Deferred tax liabilities 69,000 Total Assumed liabilities 72,083 Foreign exchange difference 2,897 Fair value of net liabilities assumed (60,445 ) Fair value of identifiable assets 276,000 Goodwill recorded 779,000 Cash consideration allocated $ 994,555 Goodwill is not expected to be deductible for tax purposes. The Company recognized a goodwill impairment of $ 779,000 Goodwill – Intangibles and Other The following unaudited pro forma information presents the combined results of operations as if the acquisitions had been completed on January 1, 2022 and 2021. Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 3,130,055 $ 172,753 Net loss $ (24,264,245 ) $ (15,550,759 ) Net loss per share $ (0.93 ) $ (1.60 ) (i) Acquisition of Dream Space: The total consideration of the acquisition is cash consideration VND 2,300,000 104 Schedule of Acquisition of assets and liability Purchase price allocation: Cash paid $ 104 Less cash received — Purchase price $ 104 Accordingly, goodwill has been measured as the excess of the total consideration over the amounts assigned to the identifiable assets acquired and liabilities assumed based on their preliminary estimated fair values. The purchase price allocation resulted in $ 1,307 Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 1,168 Other receivables 5 Cash 1,429 Total acquired assets 2,602 Less: Assumed liabilities Trade payables 1,228 Accrued liabilities and other payable 2,577 Total Assumed liabilities 3,805 Fair value of net liabilities assumed (1,203 ) Goodwill recorded 1,307 Cash consideration allocated $ 104 Under the acquisition method of accounting, the total acquisition consideration price was allocated to the assets acquired and liabilities assumed based on their preliminary estimated fair values. The fair value measurements utilize estimates based on key assumptions of the Acquisition, and historical and current market data. The preliminary allocation of the purchase price is based on the best information available and is pending, among other things: (i) the finalization of the valuation of the fair values and useful lives of tangible assets acquired; (ii) the finalization of the valuations and useful lives for the intangible assets acquired; (iii) finalization of the valuation of accounts payable and accrued expenses; and (iv) finalization of the fair value of non-cash consideration. The Acquisition was accounted for as a business combination in accordance with ASC 805 “Business Combinations”. The Company has allocated the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed and intangible assets identified as of the acquisition date and considered a number of factors including valuations from management estimation. Acquisition-related costs incurred for the acquisitions are not material and have been expensed as incurred in general and administrative expense. During the measurement period (which is the period required to obtain all necessary information that existed at the acquisition date, or to conclude that such information is unavailable, not to exceed one year), additional assets or liabilities may be recognized, or there could be changes to the amounts of assets or liabilities previously recognized on a preliminary basis, if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of these assets or liabilities as of that date. No additional assets or liabilities were recognized during the measurement period, or the changes to the amounts of assets or liabilities previously recognized. The following unaudited pro forma information presents the combined results of operations as if the acquisitions had been completed on January 1, 2022 and 2021. Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 2,907,816 $ 117,317 Net loss $ (24,263,564 ) $ (15,528,953 ) Net loss per share $ (0.93 ) $ (1.60 ) (ii) Acquisition of Gorilla: On May 31, 2022, the Company (“Buyer”) entered into a Stock Purchase Agreement with Gorilla Networks Pte Ltd. (“Gorilla”) for the acquisition of 100% of the equity interests in Gorilla for an aggregate purchase price equal to (i) the number of the Buyer’s shares of restricted common stock equal to the quotient of $150,000 divided by the closing price of the Buyer’s common stock on the Nasdaq Capital Market on the day immediately before the Closing Date (“Closing Price”) issued on the Closing Date (“First Tranche”) and (ii) the number of the Buyer’s shares of restricted common stock equal to the quotient of $1,000,000 (less the amount of the First Tranche and the amount of the Assumed Liabilities) divided by the Closing Price issued on the six month anniversary of the Closing Date (“Second Tranche”). The purchase price totaled approximately $ 268,873 731,127 Schedule of Acquisition of assets and liability Purchase price consisted of the following: Fair value of stock at closing $ 268,873 Less: cash received (25,583 ) Purchase price $ 243,290 The Company accounts for business combinations using the acquisition method and that the Company has early adopted the amendments of Regulation S-X dated May 21, 2020 and has concluded that this acquisition was not significant. Accordingly, the presentation of the assets acquired, historical financial statements under Rule 3-05 and related pro forma information under Article 8 of Regulation S-X, respectively, are not required to be presented. The transaction was accounted for using the acquisition method. Accordingly, goodwill has been measured as the excess of the total consideration over the amounts assigned to the identifiable assets acquired and liabilities assumed based on their preliminary estimated fair values. The Company worked with an independent valuation firm to finalize the fair value of these identifiable assets and net liabilities assumed and reallocated the purchase price of the acquisition based on the results of the independent evaluation since they are materially different from the allocations as recorded on May 31, 2022. The fair value of assets acquired, and liabilities assumed in were as follows and the purchase price allocation resulted in $ 107,761 Schedule of Acquisition of assets and liability Acquired assets: Inventories $ 4,348 Trade receivables 3,273 Other receivables 58,029 Property and equipment 8,876 Intangible asset 792,130 Total acquired assets 866,656 Less: Assumed liabilities Trade payables 534,907 Accrued liabilities and other payable 121,450 Amount due to related parties 73 Amount due to shareholder 74,697 Total acquired Liabilities 731,127 Fair value of net assets assumed 135,529 Goodwill recorded 107,761 Net consideration allocated, net $ 243,290 Under the acquisition method of accounting, the total acquisition consideration price was allocated to the assets acquired and liabilities assumed based on their preliminary estimated fair values. The fair value measurements utilize estimates based on key assumptions of the Acquisition, and historical and current market data. The preliminary allocation of the purchase price is based on the best information available and is pending, amongst other things: (i) the finalization of the valuation of the fair values and useful lives of tangible assets acquired; (ii) the finalization of the valuations and useful lives for the intangible assets acquired; (iii) finalization of the valuation of accounts payable and accrued expenses; and (iv) finalization of the fair value of non-cash consideration. The Acquisition was accounted for as a business combination in accordance with ASC 805 “Business Combinations”. The Company has allocated the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed and intangible assets identified as of the acquisition date and considered a number of factors including valuations from management estimation. Acquisition-related costs incurred for the acquisitions are not material and have been expensed as incurred in general and administrative expense. During the measurement period (which is the period required to obtain all necessary information that existed at the acquisition date, or to conclude that such information is unavailable, not to exceed one year), additional assets or liabilities may be recognized, or there could be changes to the amounts of assets or liabilities previously recognized on a preliminary basis, if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of these assets or liabilities as of that date. Goodwill is not expected to be deductible for tax purposes. The Company recognized a goodwill impairment of $ 107,761 Goodwill – Intangibles and Other The following unaudited pro forma information presents the combined results of operations as if the acquisitions had been completed on January 1, 2022 and 2021. Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 3,035,843 $ 100,823 Net loss $ (27,178,107 ) $ (15,551,764 ) Net loss per share $ (1.04 ) $ (1.60 ) (iii) Acquisition of TMG: On July 7, 2022 (the “Closing Date”), Society Pass Incorporated (the “Company”), through its wholly-owned subsidiary, Thoughtful Media Group Incorporated, a Nevada corporation (the “Buyer”), acquired from AdActive Media Group, Inc., a Delaware corporation (the “Seller”), (i) all the outstanding capital stock of AdActive Media CA, Inc., a California corporation (the “CA Sub”), and (ii) 99.75 Pursuant to a certain Stock Purchase Agreement, among the Company, Buyer and Seller (the “Stock Purchase Agreement”), the consideration paid to the Seller by the Company and the Buyer included: 1. 609,327 1.3 2. a warrant, expiring one year after the Closing Date on July 7, 2023 203,109 2.1335 3. assumption of liabilities up to $ 700,000 300,000 Separately, and not part of the consideration paid to the Seller, the Company entered into Consulting Agreements with corporations controlled by two of the Seller’s officers pursuant to which the two officers will continue as the Buyer’s executive officers through December 31, 2022. The Company accounted for the transaction as an acquisition of a business, on July 7, 2022, pursuant to ASC 805, “Business Combinations” (“ASC 805"). Schedule of Acquisition of assets and liability Purchase price consisted of the following: Fair value of stock at closing $ 2,102,389 Less: cash received (29,877 ) Purchase price $ 2,072,512 The Company accounts for business combinations using the acquisition method and that the Company has early adopted the amendments of Regulation S-X dated May 21, 2020 and has concluded that this acquisition was not significant. Accordingly, the presentation of the assets acquired, historical financial statements under Rule 3-05 and related pro forma information under Article 8 of Regulation S-X, respectively, are not required to be presented. The transaction was accounted for using the acquisition method. Accordingly, goodwill has been measured as the excess of the total consideration over the amounts assigned to the identifiable assets acquired and liabilities assumed based on their preliminary estimated fair values. The Company worked with an independent valuation firm to finalize the fair value of these identifiable assets and net liabilities assumed and reallocated the purchase price of the acquisition based on the results of the independent evaluation since they are materially different from the allocations as recorded on July 7, 2022. The fair value of assets acquired, and liabilities assumed in were as follows and the purchase price allocation resulted in $ 118,631 Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 416,061 Deposit and prepayment 92,556 Property and equipment 2,697 Identifiable intangible assets 1,659,000 Other receivable 700,000 Right of use assets 30,370 Cash 29,877 Total acquired assets 2,930,561 Less: Assumed liabilities Trade payables 483,424 Accrued liabilities and other payable 141,540 Amount due to related parties 160,050 Loan 160,941 Lease liabilities 30,725 Total acquired Liabilities 976,680 Fair value of net assets assumed 1,953,881 Goodwill recorded 118,631 Cash consideration allocated, net $ 2,072,512 Under the acquisition method of accounting, the total acquisition consideration price was allocated to the assets acquired and liabilities assumed based on their preliminary estimated fair values. The fair value measurements utilize estimates based on key assumptions of the Acquisition, and historical and current market data. The preliminary allocation of the purchase price is based on the best information available and is pending, amongst other things: (i) the finalization of the valuation of the fair values and useful lives of tangible assets acquired; (ii) the finalization of the valuations and useful lives for the intangible assets acquired; (iii) finalization of the valuation of accounts payable and accrued expenses; and (iv) finalization of the fair value of non-cash consideration. The Acquisition was accounted for as a business combination in accordance with ASC 805 “Business Combinations”. The Company has allocated the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed and intangible assets identified as of the acquisition date and considered a number of factors including valuations from management estimation. Acquisition-related costs incurred for the acquisitions are not material and have been expensed as incurred in general and administrative expense. During the measurement period (which is the period required to obtain all necessary information that existed at the acquisition date, or to conclude that such information is unavailable, not to exceed one year), additional assets or liabilities may be recognized, or there could be changes to the amounts of assets or liabilities previously recognized on a preliminary basis, if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of these assets or liabilities as of that date. Goodwill is not expected to be deductible for tax purposes. The Company recognized a goodwill impairment of $ 118,631 Goodwill – Intangibles and Other The following unaudited pro forma information presents the combined results of operations as if the acquisitions had been completed on January 1, 2022 and 2021. Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 5,933,816 $ 862,191 Net loss $ (24,317,563 ) $ (15,787,338 ) Net loss per share $ (0.93 ) $ (1.62 ) (iv) Acquisition of Nusatrip: On August 15, 2022, the Company (“Buyer”) entered into Stock Purchase Agreement with Nusatrip International Pte Ltd. (“NINT”) for the acquisition of 75 On the same day, the Company and SOPA Technology Pte Ltd (SOPA SG) acquired 99.96 0.04 Pursuant to the Stock Purchase Agreement (the “SPA”), the Company and SOPA SG agreed to purchase the shares, business and assets of PTTSM for an aggregate purchase price equal to $ 620,000 Schedule of Acquisition of assets and liability Purchase price consisted of the following: Fair value of stock at closing $ 2,194,456 Less: cash received (1,574,456 ) Purchase price $ 620,000 The Company accounts for business combinations using the acquisition method and that the Company has early adopted the amendments of Regulation S-X dated May 21, 2020 and has concluded that this acquisition was not significant. Accordingly, the presentation of the assets acquired, historical financial statements under Rule 3-05 and related pro forma information under Article 8 of Regulation S-X, respectively, are not required to be presented. The transaction was accounted for using the acquisition method. Accordingly, goodwill has been measured as the excess of the total consideration over the amounts assigned to the identifiable assets acquired and liabilities assumed based on their preliminary estimated fair values. The Company worked with an independent valuation firm to finalize the fair value of these identifiable assets and net liabilities assumed and reallocated the purchase price of the acquisition based on the results of the independent evaluation since they are materially different from the allocations as recorded on August 15, 2022. The fair value of assets acquired, and liabilities assumed in were as follows and the purchase price allocation resulted in $ 2,494,489 Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 643,627 Other receivables 1,272,617 Property and equipment 172,024 Identifiable intangible assets 3,306,654 Amount due from related parties 941,915 Amount due from shareholder 17,742 Cash 1,574,456 Total acquired assets 7,929,035 Less: Assumed liabilities Trade payables 875,744 Accrued liabilities and other payable 6,828,185 Contract liabilities 450,000 Amount due to related parties 1,649,514 Amount due to shareholder 81 Total acquired Liabilities 9,803,524 Fair value of net assets assumed (1,874,489 ) Goodwill recorded 2,494,489 Cash consideration allocated, net $ 620,000 Under the acquisition method of accounting, the total acquisition consideration price was allocated to the assets acquired and liabilities assumed based on their preliminary estimated fair values. The fair value measurements utilize estimates based on key assumptions of the Acquisition, and historical and current market data. The preliminary allocation of the purchase price is based on the best information available and is pending, amongst other things: (i) the finalization of the valuation of the fair values and useful lives of tangible assets acquired; (ii) the finalization of the valuations and useful lives for the intangible assets acquired; (iii) finalization of the valuation of accounts payable and accrued expenses; and (iv) finalization of the fair value of non-cash consideration. The Acquisition was accounted for as a business combination in accordance with ASC 805 “Business Combinations”. The Company has allocated the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed and intangible assets identified as of the acquisition date and considered a number of factors including valuations from management estimation. Acquisition-related costs incurred for the acquisitions are not material and have been expensed as incurred in general and administrative expense. During the measurement period (which is the period required to obtain all necessary information that existed at the acquisition date, or to conclude that such information is unavailable, not to exceed one year), additional assets or liabilities may be recognized, or there could be changes to the amounts of assets or liabilities previously recognized on a preliminary basis, if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of these assets or liabilities as of that date. The following unaudited pro forma information presents the combined results of operations as if the acquisitions had been completed on January 1, 2022 and 2021. Goodwill is not expected to be deductible for tax purposes. The Company recognized a goodwill impairment of $2,494,489 during the year ended December 31, 2022, because there were insufficient projected cash flows subsequent to the acquisition date. In accordance with ASC 350, Goodwill – Intangibles and Other Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 3,141,713 $ 781,999 Net loss $ (24,732,797 ) $ (17,556,074 ) Net loss per share $ (0.95 ) $ (1.81 )

DEPOSIT, PREPAYMENTS AND OTHER

DEPOSIT, PREPAYMENTS AND OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2022
Deposit Prepayments And Other Receivables
DEPOSIT, PREPAYMENTS AND OTHER RECEIVABLES	NOTE－ 7 DEPOSIT, PREPAYMENTS AND OTHER RECEIVABLES Schedule of prepayments and other receivables December 31, 2022 2021 Deposits $ 921,429 $ 68,991 Prepayments 573,513 32,279 Prepayments for consultancy fee (a) 858,665 6,010,667 Prepayments for first insurance funding (b) — 742,500 Value added tax 140,053 96,818 Interest receivable 12,763 — Other receivables 204,619 1,666 Total $ 2,711,042 $ 6,952,921 Less: non-current portion Prepayments for consultancy fee — (858,667 ) Current portion $ 2,711,042 $ 6,094,254 (a) On December 6, 2021, the Company entered into two consulting agreements with China-America Culture Media Inc. and New Continental Technology Inc., acting as consultant to assist the Company in completing certain Business Opportunities with potential partners until February 28, 2023. The considerations of the services are $ 3,250,000 3,190,000 433,332 3,033,334 425,333 2,977,333 5,152,002 429,333 (b) On October 7, 2021, the Company purchased the Directors and Officers (D&O) insurance at a premium fee of $990,000 for a term of 12 months. Also, the Company entered a loan agreement with First Insurance Funding to finance 75% of the total premium, to repay the premium of $990,000. The Company paid the down payment of $247,500 (25%) and the remaining balance $742,500 (75%) to be repaid by 10 installments until August 7, 2022. The Company’s D&O insurance prepayment balance was $ 0 742,500 742,500 146,453

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
INVENTORIES	NOTE－ 8 INVENTORIES Schedule of inventories December 31, 2022 2021 Finished goods $ 310,932 $ 221,068 Less: Reserve for excess and obsolete inventory — — Total Inventories $ 310,932 $ 221,068 All finished goods inventories were related to e-commerce business and was held by the third party logistic. The cost of sales totaled $ 2,107,815 407,662 310,932 221,068

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE－ 9 INTANGIBLE ASSETS As of December 31, 2022 and 2021, intangible assets consisted of the following: Schedule of intangible assets Useful life December 31, 2022 December 31, 2021 At cost: Software platform 2.5 $ 8,000,000 $ 8,000,000 Apps development 948,457 — Computer software 586,888 — Software system 378,170 — Intellectual technology 276,000 — Customers and Business Partner relationship 4,965,654 — Other intangible assets 3 5 1,725 1,725 15,156,894 8,001,725 Less: accumulated depreciation (7,698,805 ) (4,001,725 ) $ 7,458,089 $ 4,000,000 November 1 2018, the Company entered into a software development agreement with CVO Advisors Pte Ltd (CVO) 2018 to design and build an App and Web-based platform for the total consideration of $8,000,000. CVO who is a third party vendor in the business of designing, developing, operating computer software applications including mobile and web application for social media, big data, point of sales, loyalty rewards, food delivery and technology platforms in Asia. The CVO developer performed and accepted technical work, of software development phase, which was materially completed by December 23, 2018. The Company obtained a third party license (Wallet Factory International Ltd) for their technology build up by CVO. The delivered platform was further developed by the Company’s in-house technology team (based in Noida that Sopa is currently using for the loyalty platform. The platform can be downloaded from Apple store or Google play store (i.e., SoPa App) and the Company’s web version is on www.sopa.asia. The platform was completed developed on September 30, 2020 and has estimated life of 2.5 years. The platform started to be amortized from October 1, 2020. Further, the Company entered into a subscription agreement with CVO to issue 8,000 1,000 Pursuant to the subscription agreement entered into with CVO, the Company issued 8,000 1,000 8,000,000 Also, the owner of CVO entered into a call option agreement with the CEO of the Company to sale all the shares of CVO for the sum of $10 per share, as of date, these options were exercised by the CEO of the Company, but the equity holders of CVO Advisors Pte. Ltd. have not honored the exercise of the call. The parties are currently in litigation (refer Note 23). As a result of this option exercise, there were no accounting effect on the Company’s financial statement during the year ended December 31, 2022. Amortization of intangible assets attributable to future periods is as follows: Schedule of Amortization of intangible assets Year ending December 31, 2022: Amount 2023 800,000 Amortization of intangible assets was $ 3,200,000 3,200,000 Apps development costs for the development stage of mobile apps development with blockchain feature used by the subsidiaries under Telecommunications Reseller segment business amounted to $ 948,457 0 Software system is the existing apps development cost and potential software value estimated base on acquisition exercise of Mangan business unit under New Retail Experience Incorporated. Intellectual technology is the identified technology value concluded from acquisition of Pushkart business unit under New Retail Experience Incorporated. Customers and business partner relationship is the identified intangible assets as stakeholder values estimated based on acquisition exercise of TMG Group and Nusatrip Group from July and August 2022.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE－ 10 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following: Schedule of Property plant and equipment December 31, 2022 December 31, 2021 At cost: Computer $ 600,629 $ 33,207 Office equipment 54,683 16,826 Furniture and fixtures 10,702 — Renovation 322,399 27,731 988,413 77,764 Less: accumulated depreciation (282,015 ) (21,743 ) Less: exchange difference — 1,014 706,398 57,035 Depreciation expense for the years ended December 31, 2022 and 2021 were $ 107,832 10,448

ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT	12 Months Ended
	Dec. 31, 2022
Asset Purchase Agreement
ASSET PURCHASE AGREEMENT	NOTE — 11 ASSET PURCHASE AGREEMENT On February 16, 2021, the Company subsidiary, SOPA Technology Pte Ltd (“SoPa Pte Ltd”) acquired certain e-commerce assets from Goodventures Sea Limited (“Goodventures”) pursuant to an Asset Purchase Agreement dated February 16, 2021 (the “Leflair Purchase Agreement”). The acquired assets consisted of intellectual property for its lifestyle e-commerce retail business. As consideration for entering into the Asset Purchase Agreement, the Company agreed to pay Goodventure a total of $ 200,000 1,500 The assets acquired by SoPa Pte Ltd under the Leflair Purchase Agreement were substantially all of the assets of an online retail platform that carried the “Leflair” brand name and included a Leflair e-commerce website, Leflair iOS and Android Apps, and backend end infrastructure as well as marketing properties including a customer list and social media pages. In addition, SOPA Technology Pte Ltd acquired intellectual property such as Leflair logos, trademarks and brands. The Company accounted for this acquisition as an asset acquisition under ASC 805 and that the Company has early adopted the amendments of Regulation S-X dated May 21, 2020 and has concluded that this acquisition was not significant. Accordingly, the presentation of the assets acquired, historical financial statements under Rule 3-05 and related pro forma information under Article 11 of Regulation S-X, respectively, are not required to be presented. Schedule of Asset acquisition Schedule of Asset acquisition Acquired assets: Intellectual property $ 200,000 Less: Assumed liabilities — Accrued liabilities and other payable — Fair value of net assets acquired 200,000 Impairment loss recorded (200,000 ) Net asset value $ — The Company paid the purchase price of $200,000 during the year ended December 31, 2021. The purchase price of $200,000 would have been allocated to the intangible assets acquired, however, since these intangible assets have an extremely short economic life and are relatively de minimus, the Company decided to expense the $ 200,000 The shares issued as part of this transaction do not give the holders the right to influence or control SoPa Pte Ltd. The holders do not have any special voting rights or the right to appoint any board members. SOPA Technology Pte. Ltd. is a private company that was incorporated under the laws of Singapore on June 6, 2019. SOPA Technology Pte. Ltd. manages Society Pass Incorporated’s operating activities in SEA countries and South Asia. As a pass-through holding company, the value of the 15 3,750,000 9 277,409 The following table summarizes the changes in non-controlling interest from December 31, 2021 to December 31, 2022: Schedule of non-controlling interest Schedule of non-controlling interest Balance, December 31, 2021 5 % Transfer (to) from the non-controlling interest as a result of Leflair Purchase Agreement — % Parent Co. acquired/exchanged the non-controlling interest holding with their shares — % Balance, December 31, 2022 5 % A reconciliation of the non-controlling loss attributable to the Company: Schedule of reconciliation non-controlling loss attributable to the company Schedule of reconciliation non-controlling loss attributable to the company Non-Controlling Interest, December 31, 2021 $ (102,784 ) Acquisition cost — Net loss attributable to non-controlling interest (228,915 ) Foreign currency translation adjustment (4,816 ) Non-Controlling Interest, December 31, 2022 $ (336,515 ) Net loss attributable to non-controlling interest for the year ended December 31, 2022: Schedule of Net loss attributable to non-controlling interest Schedule of Net loss attributable to non-controlling interest Net loss generated by SOPA Technology Pte Ltd for the year ended December 31, 2022 $ (5,730,073 ) Non-controlling interest percentage 5 % Net loss attributable to non-controlling interest $ (281,920 ) Foreign currency translation adjustment (4,385 ) Non-Controlling Interest $ (286,305 ) For the years ended December 31 2022, 5 281,920

AMOUNTS DUE TO RELATED PARTIES

AMOUNTS DUE TO RELATED PARTIES	12 Months Ended
	Dec. 31, 2022
Amounts Due To Related Parties
AMOUNTS DUE TO RELATED PARTIES	NOTE－12 AMOUNTS DUE TO RELATED PARTIES Amounts due to related parties consisted of the following: Schedule of Amount due to related parties December 31, 2022 December 31, 2021 Amounts due to related parties (a) $ 22,311 $ 24,763 Amount due to a director (b) — 500,000 $ 22,311 $ 524,763 (a) The amounts represented temporary advances to the Company including related parties (two officers), which were unsecured, interest-free and had no fixed terms of repayments. On September 30, 2021, the Company received the notifications that the outstanding amounts of $ 72,176 22,311 24,763 (b) The December 31, 2021, balance represented unpaid salaries and bonus to a director, which amount was unsecured, interest-free and had no fixed terms of repayments. As of September 30, 2021, the Director had $ 960,833 0.83 1,157,630 3,854,908 2,894,075 0 500,000

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	NOTE－ 13 ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable consisted of the following: Schedule of Accounts payable   December 31, 2022 December 31, 2021 Accounts payable $ 1,296,571 $ 261,907 Accrued liabilities and other payables- Related Party (a) 43,360 60,253 Accrued liabilities and other payables (b) 8,281,865 753,345 Other Accounts payable 8,325,225 813,598 Total Accounts payable $ 9,621,796 $ 1,075,505 Accounts payable includes significant third parties balance of $ 532,752 (a) The amount represented due to one related party in respect to unpaid salaries and amounted to $ 3,360 6,818 (b) Accrued liabilities and other payables consisted of the following: Schedule of Accrued liabilities December 31, 2022 December 31, 2021 Accrued payroll $ 1,023,549 $ 85,888 Accrued VAT expenses 6,801 62,044 Accrued taxes 1,653,284 62,272 Customer deposit 1,155,695 — Customer refund 1,146,409 — Other payables (c) 994,213 245,000 Other accrual (d) 2,301,914 298,141 Total Accrued liabilities $ 8,281,865 $ 753,345 (c) Included in these balances on both December 31, 2022 and 2021 is a $ 75,000 (d) The December 31, 2022, balance includes refund provision, income tax provision and other operation accruals.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	NOTE－ 14 LEASES We adopted ASU No. 2016-02, - Leases Operating leases are included in the right-of-use lease assets, other current liabilities and long-term lease liabilities on the Consolidated Balance Sheet. Right-of-use assets and lease liabilities are recognized at each lease’s commencement date based on the present values of its lease payments over its respective lease term. When a borrowing rate is not explicitly available for a lease, our incremental borrowing rate is used based on information available at the lease’s commencement date to determine the present value of its lease payments. Operating lease payments are recognized on a straight-line basis over the lease term. We had no financing leases as of December 31, 2022 and 2021. The Company used a weighted average incremental borrowing rate of 5.44 3.83 During the year ended December 31, 2022, the Company enter into new lease arrangements, and accounted as per ASC Topic 842, the ROU asset and lease obligation of $ 1,762,350 The Company excluded short-term leases (those with lease terms of less than one year at inception) from the measurement of lease liabilities or right-of-use assets. The following tables summarize the lease expense, as follows: Schedule of Lease expenses Years ended December 31, 2022 2021 Operating lease expense (per ASC 842) $ 342,515 $ 40,172 Short-term lease expense (other than ASC 842) 10,714 — Total lease expense $ 353,230 $ 40,172 As of December 31, 2022, right-of-use assets were $ 1,537,670 1,541,064 As of December 31, 2021, right-of-use assets were $ 627,968 629,130 Components of Lease Expense We recognize lease expense on a straight-line basis over the term of our operating leases, as reported within “general and administrative” expense on the accompanying consolidated statement of operations. Future Contractual Lease Payments as of December 31, 2022 The below table summarizes our (i) minimum lease payments over the next five years, (ii) lease arrangement implied interest, and (iii) present value of future lease payments for the next three years ending December 31: Schedule of Future Contractual Lease Payments Years ended December 31, Operating lease amount 2023 $ 534,702 2024 427,698 2025 286,651 2026 253,883 2027 200,519 Total 1,703,453 Less: interest (162,389 ) Present value of lease liabilities $ 1,541,064 Less: non-current portion (1,073,126 ) Present value of lease liabilities – current liability $ 467,938

DUE TO FIRST INSURANCE FUNDING

DUE TO FIRST INSURANCE FUNDING	12 Months Ended
	Dec. 31, 2022
Due To First Insurance Funding
DUE TO FIRST INSURANCE FUNDING	NOTE－ 15 DUE TO FIRST INSURANCE FUNDING On October 7, 2021, the Company purchased the Directors and Officers (D&O) insurance at a premium fee of $ 990,000 75 990,000 The Company paid the down-payment of $247,500 (25%) and remaining balance $742,500 (75%) to be repaid by 10 installments until August 7, 2022. no 596,047 For the years ended December 31, 2022 and 2021, the Company recognized the amortization of interest expense of $ 7,770 5,023 During the years ended December 31, 2022 the Company has repaid the installments for $ 373,653 0 During the year ended December 31, 2021 the Company has repaid the installments for $ 151,476 596,047

LOAN

LOAN	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
LOAN	NOTE－ 16 LOAN Schedule of loan December 31, 2022 December 31, 2021 Loan – A (i) $ 28,164 $ — $ 28,164 $ — i) On August 17, 2021, the newly acquired subsidiary, Gorilla Networks Pte. Ltd., received a loan from a bank of SGD 50,000, approximately $ 35,937 60 August 31, 2026 4.75 4,042 0

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE－ 17 SHAREHOLDERS’ EQUITY Authorized stock The Company is authorized to issue two classes of stock. The total number of shares of stock which the Company is authorized to issue is 100,000,000 shares of capital stock, consisting of 95,000,000 0.0001 5,000,000 0.0001 The holders of the Company’s common stock are entitled to the following rights: Voting Rights Dividend Right Liquidation Right Other Matters Common stock outstanding As of December 31, 2022 and 2021, the Company had a total of 27,082,849 19,732,406 On February 10, 2021, the Company effected a 750 for 1 stock split of the issued and outstanding shares of the Company’s common stock. The number of authorized shares and par value remain unchanged. All share and per share information in this financial statements and footnotes have been retroactively adjusted for the periods presented, unless otherwise indicated, to give effect to the forward stock split. On September 21, 2021, the Company effected a 1 for 2.5 The forward stock split and reverse stock split described above had no effect on the stated value of the preferred stock, and the number of designated shares and outstanding shares of each series of preferred stock was unchanged in accordance with the respective certificate of designations. The number of authorized shares of preferred stock remained unchanged. On November 8, 2021, the Company entered into an underwriting agreement with Maxim Group LLC, related to the offering of 2,888,889 9.00 236,111 26,000,001 2,124,999 2,677,846 Upon the closing of the IPO, all outstanding shares of preferred stock series A, B, B-1, C and C-1 were automatically converted into 888,889 shares, 764,400 shares, 48,000 shares, 465,600 shares and 4,195,200 shares of the Company’s common stock for the value of $8,000,000, $3,412,503, $466,720, $8,353,373 and $5,536,832, respectively. During the years ended December 31, 2022 and 2021, the Company issued 2,497 0 On February 8, 2022, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Maxim Group LLC (the “Underwriter”), related to the offering of 3,484,845 shares including over-allotment (the “Shares”) of the Company’s common stock. Each Share was sold together with one Warrant to purchase one Share at a combined offering price of $3.30. During the year ended December 31, 2022, a total of 70,791 warrants were exercised in exchange for 187,300 shares of common stock for the value of $412,890. During the year ended December 31, 2021, no warrants were exercised. During the years ended December 31, 2022 and 2021, the Company issued 1,420,025 208,369 5,973,074 2,032,345 During the years ended December 31, 2022 and 2021, the Company issued 197,339 1,157,630 355,219 960,834 2,894,075 During the year ended December 31, 2021, the Company issued 450,000 3,442,499 During the year ended December 31, 2021, the Company issued 9.300 71,145 During the years ended December 31, 2021, the Company issued 814,950 2,805,026 During the years ended December 31, 2022 and 2021, the Company issued 13,273 5,700 119,457 109,497 During the years ended December 31, 2022 and 2021, the Company issued 316,092 34,222 899,996 308,000 During the years ended December 31, 2022 and 2021, we issued 197,339 3,437 355,219 39,969 During the year ended December 31, 2021, the Company cancelled 150,000 During the year ended December 31, 2021, the Company issued 277,409 28 During the year ended December 31, 2021, a total of 69 warrants were exercised in exchange to 20,700 shares of its common stock for the value of $28,980. In February 2022, the Company issued 226,629 In May 2022, the Company issued a partial first tranche of 40,604 2.05 1,000,000 661,215 255,000 In July 2022, the Company issued 609,327 In July 2022, the Company issued 69,072 a list of Assets from Mangan PH Food Delivery Service Corp , at $ 1.94 134,000 In October 2022, the Company issued 783,440 1.58 1,237,836 Warrants In August 2019, the Company issued 21,000 warrants to purchase 21,000 shares of its common stock to one employee as compensation for his services to the Company, at a fair value of $17,500. Each warrant is convertible into one share of common stock at an exercise price of $0.0001 per share. The warrants will expire on the second (2nd) anniversary of the initial date of issuance. As at December 31, 2019, none of the warrants have been exercised. 21,000 shares were fully exercised during the year ended December 31, 2020. In December 2020, the Company issued a certain number of warrants pursuant to the Series C-1 Subscription Agreement. Each redeemable warrant allows the holder to purchase one C-1 preferred stock at a price of $ 420 1,880 In December 2020, a total of 838 warrants were exercised in exchange for 838 Series C-1 preferred stocks. (refer to note 17 for details). Below is a summary of the Company’s issued and outstanding warrants as of December 31, 2022 and 2021: Schedule of warrants issued and outstanding Warrants Weighted average exercise price Weighted Outstanding as of December 31, 2020 (a) 2,047 $ 420 0.6 Issued (b) 2,120 $ 420 0.5 Issued (a) 144,445 $ 9.90 5.0 Exercised (307 ) $ 420 — Expired — — — Outstanding as of December 31, 2021 148,305 $ 20.57 4.88 Issued (c) 3,728,784 $ 3.28 2.92 Exercised (79,601 ) $ 3.28 0.5 Expired (3,560 ) $ 420 — Outstanding as of December 31, 2022 3,793,928 $ 3.565 3.05 There is no intrinsic value for the warrants as of December 31, 2022 and 2021. (a) Common stock will be issued upon exercise of the 144,445 warrants having intrinsic value of $0 and $73,667 as of December 31, 2022 and 2021, respectively. (b) Series C-1 Preferred Stock will be issued upon the exercise of the warrants. The Series C-1 Preferred Stock was automatically converted into 0 and 1,158,000 shares of common stock with the intrinsic value of $0 and $10,433,580 as of December 31, 2022 and 2021, respectively. (c) Common stock will be issued upon warrants exercise of the 3,728,784 warrants having no intrinsic value as of December 31, 2022. On April 19, 2021, the Company extended the expiry date of the Warrant issued to the Series C-1 Preferred Stockholder by six months from June 30, 2021 to December 31, 2021. Further, on November 16, 2021, the Company extended the expiry date of the Warrant issued to the Series C-1 Preferred Stockholder by six months from December 31, 2021 to June 30, 2022. The Company considered this warrant as permanent equity per ASC Topic 815-40-35-2, the warrants would not be marked to market at each financial reporting date. However, where there is a subsequent change in assumptions related warrants (in the instant case, an extension of the expiration date of the warrants), the difference between the amount originally recorded and the newly calculated amount, based upon the changed assumptions, is determined and the difference between the before and after valuation is recorded as an expense, with the corresponding credit to additional paid-in capital. The Company recorded additional warrants modification expense of $ 0 58,363 The Company determined the fair value using the Black-Scholes option pricing model with the following assumptions. Schedule of Stock options assumptions Schedule of Stock option assumptions Before modification After Modification Dividend rate 0 % 0 % Risk-free rate 0.06 % 0.12 % Weighted average expected life (years) 9 18 Expected volatility 25 % 25 % Exercise price $ 1.4 $ 1.4 The Company considered 25% volatility as from inception through the date of the Company common stocks. Director’s Stock option On December 8, 2021, the Board of Directors approved a grant to Dennis Nguyen of a 10-year stock option to purchase 1,945,270 shares of common stock at an exercise price of $6.49 per share that are vested and are exercisable at any time. Schedule of Stock Option Schedule of Director's stock awards Share option Weighted average exercise price Weighted Outstanding as of December 31, 2020 — — — Granted 1,945,270 6.49 10 Exercised — — — Expired — — — Outstanding as of December 31, 2021 1,945,270 $ 6.49 10 Granted — — — Exercised — — — Expired — — — Outstanding as of December 31, 2022 1,945,270 $ 6.49 9.25 The total fair value of options vested during the years ended December 31, 2022 and 2021 was $ 0 12,159,652 The aggregate intrinsic value of share options outstanding as of December 31, 2022 and 2021 was $ 0 7,624,458 The Company determined the fair value using the Black-Scholes option pricing model with the following assumptions for the years ended December 31, 2022 and 2021: Schedule of Stock option assumptions December 8, 2021 Dividend rate 0 % Risk-free rate 1.52 % Weighted average expected life (years) 10 Expected volatility 130 % Share price $ 6.49 Director’s stock awards Schedule of Director's stock awards Stock awards Weighted average exercise price Weighted Unvested as of December 31, 2020 — — — Issued 814,950 7.65 2 Vested (162,990 ) 7.65 — Cancelled — — — Unvested as of December 31, 2021 651,960 $ 7.65 1.67 Issued — — — Vested (325,980 ) 7.65 — Cancelled — — — Unvested as of December 31, 2022 325,980 $ 7.65 0.92 Shares Unvested at period-end 325,980 $ 7.65 Below are the unvested shares vesting schedule at future years: Schedule of Future years Year ended December 31 2022 162,990 Year ended December 31 2023 162,990 Total 325,980 The Company issued 814,950 shares of its common stock on September 1, 2021 (“start date”) of which 651,960 shares shall be subject to vesting. The shares shall vest in accordance with the following vesting schedule: 162,990 vesting shares will vest every six-months for a two-year period from the start date, with the first vesting date being March 1, 2022. For the years ended December 31, 2022 and 2021, the Company recognized the amortization of stock compensation expense of $ 2,437,092 2,805,025

PREFERRED STOCKS AND WARRANTS

PREFERRED STOCKS AND WARRANTS	12 Months Ended
	Dec. 31, 2022
Preferred Stocks And Warrants
PREFERRED STOCKS AND WARRANTS	NOTE－18 PREFERRED STOCKS AND WARRANTS As of December 31, 2022 and 2021, the Company’s preferred stocks have been designated as follow: Schedule of Preferred stocks No. of shares Stated Value Series A Convertible Preferred Stock 10,000 $1,000 Series B Convertible Preferred Stock 10,000 $1,336 Series B-1 Convertible Preferred Stock 15,000 $2,917 Series C Convertible Preferred Stock 15,000 $5,763 Series C-1 Convertible Preferred Stock 30,000 $420 Series X Super Voting Preferred Stock 3,500 $0.0001 All of the Series A, B, B-1, C, and C-1 Preferred Shares were issued at a value of respective stated value per share. These all Series of Preferred Shares contain a conversion option, are convert into a fixed number of common shares or redeemable with the cash repayment at the liquidation, so as a result of this liquidation preference, under U.S GAAP, the Company has classified all these Series of Preferred Shares within mezzanine equity in the consolidated balance sheet. Series X Super Voting Preferred Stock was issued a par value per share. This Series of Preferred Shares does not contain a conversion option, so as a result of this liquidation preference, under U.S GAAP, the Company has classified this Series of Preferred Shares within permanent equity in the consolidated balance sheet. Voting Rights: (a) increase or decrease the par value of the shares of the Series A Preferred Stock, alter or change the powers, preferences or rights of the shares of Series A Preferred Stock or create, alter or change the powers, preferences or rights of any other capital stock of the Company if after such alteration or change such capital stock would be senior to or pari passu with Series A Preferred Stock; and (b) adversely affect the shares of Series A Preferred Stock, including in connection with a merger, recapitalization, reorganization or otherwise. (2) The affirmative vote of at least a majority of the holders of the shares of the Series A Preferred Stock shall be necessary to: (a) enter into a transaction or series of related transactions deemed to be a liquidation, dissolution or winding up of the Corporation, or voluntarily liquidate or dissolve; (b) authorize a merger, acquisition or sale of substantially all of the assets of the Company or any of its subsidiaries (other than a merger exclusively to effect a change of domicile of the Company to another state of the United States); (c) increase or decrease (other than decreases resulting from conversion of the Series A Preferred Stock) the authorized number of shares of the Company’s preferred stock or any series thereof, the number of shares of the Company’s common stock or any series thereof or the number of shares of any other class or series of capital stock of the Company; and (d) any repurchase or redemption of capital stock of the Company except any repurchase or redemption at cost upon the termination of services of a service provider to the Company or the exercise by the Company of contractual rights of first refusal as applied to such capital stock. Dividend Rights Conversion Rights Conversion Rights Liquidation Rights: Other Matters Series A Preferred Shares No Upon the IPO Closing, all outstanding shares of Series A Preferred Stocks were automatically converted into 888,889 8,000,000 9 As of December 31, 2022 and 2021, there were no Series B Preferred Stocks No Upon the IPO Closing, all outstanding shares of Series B Preferred Stock were automatically converted into 764,400 3,412,503 4.46 As of December 31, 2022 and 2021, there were no shares of Series B Preferred Stocks issued and outstanding, respectively. Series B-1 Preferred Shares There was no During the year ended December 31, 2020, the Company issued 40 116,680 2,917 Upon the IPO Closing, all outstanding shares of Series B-1 Preferred Stocks were automatically converted into 48,000 466,720 9.72 As of December 31, 2022 and 2021, there were no Series C Preferred Shares No During the year ended December 31, 2021, the Company issued 1,116 and 74 shares of Series C Preferred Shares for cash in private placement and consulting services rendered at a value of$ 6,431,508 426,462 During the year ended December 31, 2021, the Company incurred the issuance cost in connection with the private placement of Series C Preferred Shares amounting to $ 195,942 460,361 Upon the IPO Closing, all outstanding shares of Series C Preferred Stocks were automatically converted into 465,600 8,353,373 17.9 As of December 31, 2022 and 2021, there were no Series C-1 Preferred Shares The Company accounts for warrants issued in accordance with the guidance on “Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity” in Topic 480. These warrants did not meet the criteria to be classified as a liability award and therefore were treated as an equity award and classified the Series C-1 Preferred Stocks within mezzanine equity in the consolidated balance sheet. During the year ended December 31, 2021, the Company issued 6,235 1,142 4,864 $2,618,700 479,640 2,042,880 During the year ended December 31, 2021, the Company incurred the issuance cost in connection with the private placement of Series C-1 Preferred Shares amounting to $ 245,700 90,748 Upon the IPO Closing, all outstanding shares of Series C-1 Preferred Stocks were automatically converted into 4,195,200 5,536,832 1.21 As of December 31, 2022 and 2021, there were no Series X Super Voting Preferred Shares In August 2021, the Company created a new series of preferred stock titled “Series X Super Voting Preferred Stock”, at par value, consisting of 2,000 shares. The Series X Super Voting Preferred Stock carries certain rights and privileges including but not limited to the right to 4,000 votes per share) to vote on all matters that may come before the stockholders of the Corporation, voting together with the common stock as a single class on all matters to be voted or consented upon by the stockholders but is not entitled to any dividends, liquidation preference or conversion or redemption rights. The Series X Super Voting Preferred Stock is accounted for as an equity classification. During the year ended December 31, 2021 the Company issued 3,500 As of December 31, 2022 and 2021, there were 3,500 3,500

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE－ 19 INCOME TAXES For the years ended December 31, 2022 and 2021, the local (“Nevada”) and foreign components of loss before income taxes were comprised of the following: Schedule of provision for income taxes Years ended December 31, 2022 2021 Tax jurisdiction from: - Local $ 25,776,146 $ 32,901,996 - Foreign 8,235,245 1,951,608 Loss before income taxes $ 34,011,391 $ 34,853,604 The provision for income taxes consisted of the following: Schedule of provision for income taxes Years ended December 31, 2022 2021 Current: - United States $ — $ — - Singapore — — - Vietnam — — - India 3,631 11,136 Deferred: - United States — — - Singapore — — - Vietnam — — - India — — Income tax expense $ 3,631 $ 11,136 A reconciliation of the income tax provision (benefit) by applying the statutory United States federal income tax rate to income (loss) before income taxes is as follows: Schedule of statutory United States federal income tax rate Years ended December 31, Rate Reconciliation 2022 2021 Expected tax at statutory rates (7,142,392 ) 21.00 % (6,090,419 ) 21.00 % Nondeductible expenses 733,498 (2.16 )% 6,979 (0.02 )% State income tax, net of federal benefit (10,506 ) (0.12 )% — Foreign taxes at rate different than US taxes 207,300 (0.61 )% — — Current year change in valuation allowance 6,030,898 (17.59 )% 5,718,337 (17.00 )% Prior deferred true up 184,833 (0.54 )% 1,184,103 (4.00 )% 3,631 (0.01 )% — — The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company operates in various countries: Singapore and Vietnam that are subject to taxes in the jurisdictions in which they operate, as follows: United States The Company is registered in the Nevada and is subject to the tax laws of United States. As of December 31, 2022, the operation in the U.S. incurred $ 22,633,994 There is also net operating losses from State of California in the amount of $ 556,383 Singapore The Company’s subsidiary is registered in the Republic of Singapore and is subject to the tax laws of Singapore. As of December 31, 2022, the operation in the Singapore incurred $ 5,585,257 975,690 Vietnam The Company’s subsidiary operating in Vietnam is subject to the Vietnam Income Tax at a standard income tax rate of 20 As of December 31, 2022, the operation in the Vietnam incurred $ 2,826,880 565,376 India The Company’s subsidiary operating in India is subject to the India Income Tax at a standard income tax rate of 25 As of December 31, 2022, the operation in the India incurred $ 14,500 3,625 Indonesia The Company’s subsidiary is registered in Indonesia and is subject to the tax laws of Indonesia. As of December 31, 2022, the Company’s subsidiary operations in Indonesia incurred $ 388,409 85,450 Philippines The Company’s subsidiary is registered in the Philippines and is subject to the tax laws of the Philippines. As of December 31, 2022, the Company’s subsidiary operations in Philippines incurred $ 576,843 144,211 Thailand The Company’s subsidiary is registered in Thailand and is subject to the tax laws of Thailand. As of December 31, 2022, the Company's subsidiary operations in Thailand incurred $ 699,701 139,940 Malaysia The Company’s subsidiary is registered in Malaysia and is subject to the tax laws of Malaysia. As of December 31, 2022, the operation in the Malaysia incurred $ 7,034 1,688 Deferred tax assets and liabilities are recognized for future tax consequences between the carrying amounts of assets and liabilities and their respective tax basis using enacted tax rates in effect for the tax year in which the differences are expected to reverse. Significant deferred tax assets and liabilities of the Company as of December 31, 2022 and 2021 consist of the following: Schedule of Deferred Tax Assets and Liabilities December 31, 2022 December 31, 2021 Deferred tax assets: Software intangibles (U.S) $ 261,555 $ 150,465 Deferred Stock Compensation (U.S.) 7,539,329 5,864,670 ROU net liability 248 Net operating loss carryforwards - United States 4,791,994 1,875,143 - Singapore 975,690 272,937 - Vietnam 563,376 260,418 - India — — - Philippines 144,211 — - Indonesia 85,450 — - Thailand 139,940 — - Malaysia — — 14,503,793 8,423,633 Less: valuation allowance (14,503,793 ) (8,423,633 ) Deferred tax assets, net $ — $ — The Internal Revenue Code includes a provision, referred to as Global Intangible Low-Taxed Income (“GILTI”), which provides for a 10.5% tax on certain income of controlled foreign corporations. We have elected to account for GILTI as a period cost if and when occurred, rather than recognizing deferred taxes for basis differences expected to reverse. The Company is subject to taxation in the U.S. California and various foreign jurisdictions. U.S. federal income tax returns for 2018 and after remaining open to examination. We and our subsidiaries are also subject to income tax in multiple foreign jurisdictions. Generally, foreign income tax returns after 2018 remain open to examination. No income tax returns are currently under examination. As of December 31, 2022 and 2021, the Company does no no

PENSION COSTS

PENSION COSTS	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
PENSION COSTS	NOTE－ 20 PENSION COSTS The Company is required to make contribution to their employees under a government-mandated defined contribution pension scheme for its eligible full-times employees in all countries operating in the Company. The Company is required to contribute a specified percentage of the participants’ relevant income based on their ages and wages level. During the years ended December 31, 2022 and 2021, $ 150,217 15,140

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE－ 21 RELATED PARTY TRANSACTIONS From time to time, a shareholder and director of the Company advanced funds to the Company for working capital purposes. Those advances are unsecured, non-interest bearing and due on demand. The Company paid and accrued to the director and key management personnel, the total salaries of $ 1,761,471 0 571,011 0 The Company issued 363,868 and 1,974,300 shares of Comm stock, at the price of $ 2,783,594 and $ 9,141,601 for the stock based compensation to director and employee during the years ended December 31, 2022 and 2021, respectively. The Company accrued 1,192,817 1,560,351 0 The Company subsidiary paid their sole officer, total professional fee of $ 14,804 0 14,785 1,256 The Company paid and accrued to its shareholders, total professional fee of $ 2,808,065 0 41,000 0 1,007,693 0 On May 20, 2022, the Company’s has internal restructuring of SOPA Technology Company Limited portion, who was previously under 100% holding of SOPA Technology Pte. Ltd., effectively 95% under Society Pass Incorporated, now 100% holding of Leflair Incorporated, effectively 100% under Society Pass Incorporated. As of December 31, 2022 and 2021, the Company paid its directors remuneration in lieu of 79,023 8,556 224,999 77,000 During the year ended December 31, 2021, the Company rendered the consultancy service with related parties for the issuance of 4,314 shares of Series C-1 preferred stock, at the price of $ 1,811,880 . The Company paid and accrued to the directors, the total salaries of $ 755,914 6,818 The Company paid total professional fee and accrued of $ 919,391 53,435 During August and September 2021, the Company issued 3,300 shares of its Series X Super Voting Preferred Stock (the “Super Voting Preferred Stock”) to the founder and Chief Executive Officer, Mr. Dennis Nguyen and 200 shares of the Super Voting Preferred Stock to Chief Financial Officer, Mr. Raynauld Liang. In August 2021, the Company approved the conversion of inter-company loan of $1,249,999 due and owing by SOPA Technology Pte. Ltd. (“STPL”), by exchange of 8,500 shares of STPL which represents 85% of the total issued and paid-up capital of STPL on a fully diluted basis. The Company issued 277,409 shares of its common stock to exchange for 10% shareholding of STPL, under Asset Purchase Agreement (see Note 10). Upon the completion of share exchange transaction, the Company effectively owned 95% shareholding in STPL as of December 31, 2021. On September 30, 2021, the Company received the notifications that the outstanding amounts of $72,176 and $738,964 were forgiven by the related parties. Also, the Company served the notification to a related party that certain terms under call option agreement and side letter were no longer effective, in case of non-fulfillment with the milestone conditions as set out in the agreements, amounting to $ 75,000 558,000 On June 30, 2021, Mr. Nguyen had $ 960,833 0.83 1,157,630 During the year ended December 31, 2021, in HOTTAB Asset Vietnam Co Ltd, a company limited by shares incorporated under the laws of Vietnam on April 17, 2015, was wholly-owned by Ngo Cham, an employee of HOTTAB Vietnam Co Ltd. HOTTAB Asset Vietnam Co Ltd manages the Group’s website and apps in Vietnam via a contractual relationship. All profits accrued by HOTTAB Asset Vietnam Co Ltd are paid as management fees to HOTTAB Vietnam Co Ltd. HOTTAB Vietnam Co Ltd has an irrevocable call option to acquire 100% of the equity of HOTTAB Asset Vietnam Co Ltd. On December 8, 2021, the Board of Directors approved a grant to Dennis Nguyen of with a 10 1,945,270 6.49 Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.

CONCENTRATIONS OF RISK

CONCENTRATIONS OF RISK	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISK	NOTE－22 CONCENTRATIONS OF RISK The Company is exposed to the following concentrations of risk: (a) Major customers For the years ended December 31, 2022 and 2021, the customers who accounted for 10% or more of the Company’s revenues and its outstanding receivable balances at year-end dates, are presented as follows: Schedule of concentrations of risk Year ended December 31, 2022 December 31, 2022 Customer Revenues Percentage of revenues Accounts Customer C $ 2,310,933 41.01 $ 385,183 Year ended December 31, 2021 December 31, 2021 Customer Revenues Percentage Accounts Customer A** $ 387,213 74 % $ 54,160 * Customer B*** 94,698 18 % (9,298 )**** * This included value added taxed ("VAT") ** The Company engaged Tiki Smart Logistic for collection of cash on delivery arrangement from their end customer. *** The Company engaged PayDollars for online payment gateway arrangement from their end customer. **** Due to order cancelation the amount became credit balance. (b) Major vendors For the years ended December 31, 2022 and 2021, there is no vendor accounts for 10% or more of the Company’s cost of revenue as at year-end dates. (c) Credit risk Financial instruments that are potentially subject to credit risk consist principally of trade receivables. The Company believes the concentration of credit risk in its trade receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors affecting the credit risk of specific customers, historical trends and other information. (d) Exchange rate risk The reporting currency of the Company is $, to date the majority of the revenues and costs are denominated in VND, SGD, PHP, INR, IDR, MYR and THB and a significant portion of the assets and liabilities are denominated in VND, SGD, INR, IDR, MYR and THB. As a result, the Company is exposed to foreign exchange risk as its revenues and results of operations may be affected by fluctuations in the exchange rate between $ and VND, SGD, PHP, INR, IDR, MYR and THB. If VND, SGD, PHP, INR, IDR, MYR and THB depreciate against $, the value of VND, SGD, PHP, INR IDR, MYR and THB revenues and assets as expressed in $ financial statements will decline. The Company does not hold any derivative or other financial instruments that expose to substantial market risk. (e) Economic and political risks The Company’s operations are conducted in the Republic of Vietnam. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the Vietnam, and by the general state of the Vietnam economy. The Company’s operations in the Vietnam and India are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in Vietnam and India, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE－ 23 COMMITMENTS AND CONTINGENCIES As of December 31, 2022, the Company had no material commitments or contingencies. Acquisition On December 27, 2022, the Company entered into stock purchase agreement with PT Wahana Cerita Indonesia to acquire 100 10,000 25,000 Right issues under Series C-1 preferred stock The Company has issued warrants pursuant to the terms of its Series C-1 Subscription Agreement. Each redeemable warrant entitles the holder to purchase two (2) shares of common stock at a price of $ 168 Litigation From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise, in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm the Company’s business. The Company is not aware of any such legal proceedings that will have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results. The Company disclosed its litigation matters in its December 31, 2021, Form 10-K and there have been no changes or updates to those litigation matters to report in this Form 10-K except the following. SOSV IV LLV v. Society Pass Inc., et al. The case was closed by paying a settlement sum of $ 15,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE－24 SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events On January 27, 2023, the company’s President and Chief Executive Officer was authorized to negotiate and enter a 10b-18 Plan with ThinkEquity LLC for a share repurchase program to repurchase up to $ 2,000,000 Society Pass’s subsidiary, Thoughtful Media Group Incorporated entered into a SPA on December 27, 2022 to acquire an Indonesia company under Digital Media business unit. However, this transaction is pending on legal transfer procedure. On February 28, 2023, the Company acquired an additional 2,225,735 100,000 2,325,735 75 98.93

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of presentation	• Basis of presentation These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).
Emerging Growth Company	• Emerging Growth Company We are an “emerging growth company” under the JOBS Act. For as long as we are an “emerging growth company,” we are not required to: (i) comply with any new or revised financial accounting standards that have different effective dates for public and private companies until those standards would otherwise apply to private companies, (ii) provide an auditor’s attestation report on management’s assessment of the effectiveness of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act, (iii) comply with any new requirements adopted by the Public Company Accounting Oversight Board (“PCAOB”) or a supplement to the auditor’s report in which the auditor would be required to provide additional information about the audit and the financial statements of the issuer or (iv) comply with any new audit rules adopted by the PCAOB after April 5, 2012, unless the SEC determines otherwise. However, we have elected to “opt out” of the extended transition period discussed in (i) and will therefore comply with new or revised accounting standards on the applicable dates on which the adoption of such standards are required for non-emerging growth companies. Section 107 of the JOBS Act provides that our decision to opt out of such extended transition period for compliance with new or revised accounting standards is irrevocable.
Use of estimates and assumptions	• Use of estimates and assumptions In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the years reported. Actual results may differ from these estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial condition and results of operations could be materially impacted. Significant estimates in the period include the allowance for doubtful accounts on accounts receivable, the incremental borrowing rate used to calculate right of use assets and lease liabilities, useful lives of intangible assets, impairment of long-lived assets and goodwill, valuation of common stock and stock warrants, stock option valuations, inventory valuation, revenue recognition, the allocation of purchase consideration in business combinations, and deferred tax assets and liabilities and the related valuation allowance.
Basis of consolidation	• Basis of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company balances and transactions have been eliminated upon consolidation.
Business combination	• Business combination The Company follows Accounting Standards Codification (“ASC”) ASC Topic 805, Business Combinations Consolidation
Noncontrolling interest	• Noncontrolling interest The Company accounts for noncontrolling interests in accordance with ASC Topic 810, which requires the Company to present noncontrolling interests as a separate component of total shareholders’ equity on the consolidated balance sheets and the consolidated net loss attributable to its noncontrolling interest be clearly identified and presented on the face of the consolidated statements of operations and comprehensive loss.
Segment reporting	• Segment reporting ASC Topic 280, Segment Reporting
Cash and cash equivalents	• Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. As of December 31, 2022 and 2021, the cash and cash equivalents amounted to $ 19,003,336 23,264,777 The Company currently has bank deposits with financial institutions in the U.S. which exceed FDIC insurance limits. FDIC insurance provides protection for bank deposits up to $ 250,000 9,256,175 13,699,082 9,047,911 9,315,695
Restricted cash	• Restricted cash Restricted cash refers to cash that is held by the Company for specific reasons and is, therefore, not available for immediate ordinary business use. The restricted cash represented fixed deposit maintained in bank accounts that are pledged. As of December 31, 2022 and 2021, the restricted cash amounted to $ 72,350 0
Accounts receivable	• Accounts receivable Accounts receivables are recorded at the amounts that are invoiced to customers, do not bear interest, and are due within contractual payment terms, generally 30 to 90-days from completion of service or the delivery of a product. Credit is extended based on an evaluation of a customer’s financial condition, the customer’s creditworthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. Quarterly, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company records bad debt expense and records an allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For receivables that are past due or not being paid according to payment terms, appropriate actions are taken to pursue all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered remote. Currently, the Company does not have any off-balance-sheet credit exposure related to its customers, and as of both December 31, 2022 and 2021, there was no
Inventories	• Inventories Inventories are stated at the lower of cost or net realizable value, cost being determined on a first-in-first-out method. Costs include hardware equipment and peripheral costs which are purchased from the Company’s suppliers as merchandized goods. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. During the years ended December 31, 2022 and 2021, the Company recorded an allowance for obsolete inventories of $ 0 0 310,932 221,068
Prepaid expenses	• Prepaid expenses Prepaid expenses represent payments made in advance for products or services to be received in the future and are amortized to expense on a ratable basis over the future period to be benefitted by that expense. Since the Company has prepaid expenses categorized as both current and non-current assets, the benefits associated with the products or services are considered current assets if they are expected to be used during the next twelve months and are considered non-current assets if they are expected to be used over a period greater than one year.
Property, plant and equipment	• Property, plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Schedule of Expected useful life Expected useful lives Computer equipment 3 Office equipment 5 Renovation 5 Expenditures for repairs and maintenance are expensed as incurred. When assets have been retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.
Impairment of long-lived assets	• Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, “ Impairment or Disposal of Long-Lived Assets
Revenue recognition	• Revenue recognition The Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09"). Under ASU 2014-09, the Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: • Identify the contract with a customer; • Identify the performance obligations in the contract; • Determine the transaction price; • Allocate the transaction price to performance obligations in the contract; and • Recognize revenue as the performance obligation is satisfied. The Company generates its revenues from a diversified a mix of e-commerce activities that correspond to our four business segments (business to consumer or “B2C”), grocery and food delivery (B2C), telecommunication reseller (B2C) and the services providing to merchants for their business growth (business to business or “B2B”). The Company’s performance obligations include providing connectivity between merchants and consumers, generally through an online ordering platform. The platform allows merchants to create an account, display a menu and track their sale reports on the merchant facing application. The platform also allows the consumers to create an account and order from merchants on the consumer facing application. The platform allows a delivery company to accept an online delivery request and deliver or ship an order from a merchant to customer. Lifestyle The Company has developed an online lifestyle platform (the “Lifestyle Platform”) under its own brand name of “Leflair” to enable consumers to purchase high-end brands in many categories. Using the Company’s smart search engine, consumers search or review their favorite brands among hundreds of choices in various categories, including Apparel, Bags & Shoes, Accessories, Health & Beauty, Home & Lifestyle, International, Women, Men and Kids & Babies categories. The Lifestyle Platform also allows customers to order from hundreds of vendor choices with personalized promotions based on their individual purchase history and location. The platform has also partnered with a Vietnam-based delivery company, Amilo, to offer seamless delivery of product from merchant to consumer’s home or office at the touch of a button. Consumers can place orders for delivery or can collect their purchases at the Company’s logistics center. Grocery and Food Delivery Other online platforms include online platforms in Vietnam, under the brand name of “Handycart”, and Philippines, under the brand names of “Pushkart” and “Mangan”, to enable the consumers to purchase meals from restaurants and food from local grocery and food merchants and deliver to them in their area. Telecommunications The Company operates a Singapore-based online telecommunication reseller platform under brand name of “Gorilla” to enable the consumers to subscribe local mobile data and overseas internet data in different subscription package. Established in Singapore in 2019, Gorilla utilizes blockchain and Web3 technology to operate a MVNO for its users in South East Asia (SEA). With network coverage to over 150 countries, Gorilla offers a full suite of mobile communication services such as local calls, international roaming, data, and SMS texting. More importantly, Gorilla enables its customers to convert unused mobile data into digital assets or Gorilla GO Tokens through its innovative proprietary blockchain-based SwitchBack feature. Gorilla GO Tokens in turn can be redeemed for eVouchers, to offset future bills, or be redeemed for other value-added services. Please visit https://gorilla.global/ for more information. Digital Media The acquisition of a digital media platform, TMG, amplifies the reach and engagement of the Company’s e-commerce ecosystem and retail partners. Originally founded in 2010, TMG today creates and distributes digital advertising campaigns across its multi-channel network in both SEA and the US. With its intimate knowledge of local markets, digital marketing technology tools and social commerce business focus, advertisers leverage TMG’s wide influencer network throughout SEA to market and sell advertising inventory exclusively with specific placement and effect. As a result, Thoughtful Media’s content creator partners earn a larger share of advertising revenues from international consumer brands. Thoughtful Media’s data-rich multi-channel network has uploaded over 675,000 videos with over 80 billion video views. The current network of 263 YouTube channels has onboarded over 85 million subscribers with an average monthly viewership of over 600 million views. Travel The Company purchased the Nusatrip Group, a leading Jakarta-based Online Travel Agency (“OTA”) in Indonesia and across SEA. The Nusatrip acquisition extended SoPa’s business reach into SEA regional travel industry and marked the Company’s first foray into Indonesia. Established in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, Nusatrip pioneered offering a comprehensive range of airlines and hotels to Indonesian corporate and retail customers. With its first mover advantage, Nusatrip has onboarded over 1.2 million registered users, over 500 airlines and over 200,000 hotels around the world as well as connected with over 80 million unique visitors. The Company’s e-Commerce business 1) When a customer places an order on either the Leflair website or app, a sales orders report will be generated in the system. The Company will either fulfill this order from its inventory or purchase the item from the manufacturer or distributor. Once the Company has the item in its distribution center, it will contract with a logistics partner delivered to the end customer. The sale is recognized when the delivery is completed by the logistics partner to the end customer. Sale of products are offered with a limited right of return ranging from 3 to 30 days, from the date of purchase and not subject to any product warranty. The Company is considered the principal in this e-commerce transaction and reports revenue on a gross basis as the Company establishes the price of the product, has responsibility for fulfillment of the order and retains the risk of collection. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 2,118,191 482,002 The Company’s Merchant POS Software sales consist of: 1) Subscription fees consist of the fees that the Company charge merchants to obtain access to the Merchant Marketing Program. 2) The Company provides optional add-on software services which includes Analytics and Chat box capabilities at a fixed fee per month. 3) The Company collects commissions when they sell third party hardware and equipment (cashier stations, waiter tablets and printers) to merchants. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 23,801 37,481 Hardware sales — the Company generally is involved with the sale of on-premises appliances and end-point devices. The single performance obligation is to transfer the hardware product (which is to be installed with its licensed software integral to the functionality of the hardware product). The entire transaction price is allocated to the hardware product and is generally recognized as revenue at the time of delivery because the customer obtains control of the product at that point in time. It is concluded that control generally transfers at that point in time because the customer has title to the hardware, physical possession, and a present obligation to pay for the hardware. Payments for hardware contracts are generally due 30 to 90 days after shipment of the hardware product. The Company records revenues from the sales of third-party products on a “gross” basis pursuant to ASC Topic 606 when the Company controls the specified good before it is transferred to the end customer and have the risks and rewards as principal in the transaction, such as responsibility for fulfillment, retaining the risk for collection, and establishing the price of the products. If these indicators have not been met, or if indicators of net revenue reporting specified in ASC Topic 606 are present in the arrangement, revenue is recognized net of related direct costs since in these instances we act as an agent. Software subscription fee — The Company’s performance obligation includes providing customer access to our software, generally through a monthly subscription, where the Company typically satisfies its performance obligations prior to the submission of invoices to the customer for such services. The Company’s software sale arrangements grant customers the right to access and use the software products which are to be installed with the relevant hardware for connectivity at the outset of an arrangement, and the customer is entitled to both technical support and software upgrades and enhancements during the term of the agreement. The term of the subscription period is generally 12 months, with automatic one-year renewal. The subscription license service is billed monthly, quarterly or annually. Sales are generally recorded in the month the service is provided. For clients who are billed on an annual basis, deferred revenue is recorded and amortized over the life of the contract. Payments are generally due 30 to 90 days after delivery of the software licenses. The Company records its revenues, net of value added taxes (“VAT”), which is levied at the rate of 10% on the invoiced value of sales. Grocery and food delivery Customers place order for groceries and take-out food through our online platforms of “Pushkart” and “Handcart” respectively. When the grocery or food merchant receives and order, our platform will assign a third-party delivery service to pick up and deliver the grocery and/or food order to the customer. Revenue is recognized when the grocery and/or food is delivered, at which time the customer pays for the grocery and /or food order with cash, at Net of merchant cost. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 150,999 0 As a telecommunication reseller Local mobile plan - customers choose and subscribe to a monthly local mobile plan through our “Gorilla” online platform. The Company will proceed to register the sim card (effectively, the mobile telephone number activation card) and arrange delivery of that Sim card to the customer. Following Sim card activation, the system will capture the monthly data usage of each customer, calculated in accordance with the package data capacity and monthly subscription rate, which amounts are aggregated and recorded as revenue. Unused data will be converted to Rewards Points and carried forward to next month for potential subsequent data usage. As a result of the rewards points, the company also recognize revenue from Rewards Point redemption for subscription fees offset, voucher redemption, extra data purchases, that the customer chooses to use via our online platform. Overseas internet data plan – a customer will place order for their desired overseas internet data plan through either the “Gorilla” online platform or third-party partner platforms. Subscription revenue is recognized when the Sim card is delivered and activated. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 23,747 0 Digital marketing The Company is required to establish as Multi-Channel Network (MCN) for YouTube Creators and fulfilled the basic MCN guidelines on timely basis. The Company engages the creator in contract as a platform to nurture the creator in brainstorming creative content ideas, coaching on growing their audience size and connection with top brands. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 2,593,674 0 Online ticketing and reservation The Company’s revenues are substantially reported on a net basis as the travel supplier is primarily responsible for providing the underlying travel services and the Company does not control the service provided by the travel supplier to the traveler. Revenue from air ticketing services, air ticket commission, hotel reservation and refund margin are substantially recognized at a point of time when the performance obligations that are satisfied. During the years ended December 31, 2022 and 2021, the Company generated revenue of $ 724,991 0 Contract assets In accordance with ASC Topic 606, a contract asset arises when the Company transfers a good or performs a service in advance of receiving consideration from the customer as agreed upon. A contract asset becomes a receivable once the Company’s right to receive consideration becomes unconditional. There were contract assets balance was $ 20,310 0 Contract liabilities In accordance with ASC Topic 606, a contract liability represents the Company’s obligation to transfer goods or services to a customer when the customer prepays for a good or service or when the customer’s consideration is due for goods and services that the Company will yet provide whichever happens earlier. Contract liabilities represent amounts collected from, or invoiced to, customers in excess of revenues recognized, primarily from the billing of annual subscription agreements. The value of contract liabilities will increase or decrease based on the timing of invoices and recognition of revenue. The Company’s contract liability balance was $ 1,405,090 25,229
Software development costs	• Software development costs In accordance with the relevant FASB accounting guidance regarding the development of software to be sold, leased, or marketed, the Company expenses such costs as they are incurred until technological feasibility has been established, at and after which time these costs are capitalized until the product is available for general release to customers. Once the technological feasibility is established per ASC Topic 985, Software, the Company capitalizes costs associated with the acquisition or development of major software for internal and external use in the balance sheet. These capitalized software costs are ratably amortized over the period of the software’s estimated useful life. Costs incurred to enhance the Company’s software products, after general market release of the services using the products, is expensed in the period they are incurred. The Company only capitalizes subsequent additions, modifications or upgrades to internally developed software to the extent that such changes allow the software to perform a task it previously did not perform. The Company also expenses website costs as incurred. Research and development expenditures arising from the development of the Company’s own software are charged to operations as incurred. For the years ended December 31, 2022, and 2021, software development costs were $ 72,999 95,809
Cost of sales	• Cost of sales Cost of sales under online ordering consist of the cost of merchandizes ordered by the consumers and the related shipping and handling costs, which are directly attributable to the sales of online ordering. Cost of sales related to software sales consist of the cost of software and payroll costs, which are directly attributable to the sales of software. Cost of sales related to hardware sales consist of the cost of hardware and payroll costs, which are directly attributable to the sales of hardware. Cost of sales related to grocery and food delivery consist of the cost of the outsourced delivery and the outsource payment gateway, which are directly attributable to the sales of grocery and food delivery. Cost of sales related to our telecommunication data reseller segment consist of the cost of the primary telecommunication service, which are directly attributable to the sales of telecommunication data. Cost of sales under digital marketing consist of the cost of primary digital marketing service, which are directly attributable to the sales of digital marketing.
Shipping and handling costs	• Shipping and handling costs No shipping and handling costs are associated with the distribution of the products to the customers since those costs are borne by the Company’s suppliers or distributors for our merchant POS business. The shipping and handling costs for all segments other than our e-commerce segment are recorded net in sales. For shipping costs related to our e-commerce business, those shipping costs are recorded in cost of sales.
Sales and marketing	• Sales and marketing Sales and marketing expenses include payroll, employee benefits and other headcount-related expenses associated with sales and marketing personnel, and the costs of advertising, promotions, seminars, and other programs. Advertising costs are expensed as incurred. Advertising expense was $ 997,784 327,195
Product warranties	• Product warranties The Company’s provision for estimated future warranty costs is based upon the historical relationship of warranty claims to sales. Based upon historical sales trends and warranties provided by the Company’s suppliers, the Company has concluded that no warranty liability is required as of December 31, 2022 and 2021. To date, product allowance and returns have been minimal and, based on its experience, the Company believes that returns of its products will continue to be minimal, although it looks at this issue every quarter to continue to support its assertion.
Income tax	• Income tax The Company adopted the ASC 740 Income Tax The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary. In addition to U.S. income taxes, the Company and its wholly-owned foreign subsidiary, is subject to income taxes in the jurisdictions in which it operates. Significant judgment is required in determining the provision for income tax, there may be transactions and calculations for which the ultimate tax determination is uncertain. The company recognizes liabilities for anticipated tax audit issues based on the Company’s current understanding of the tax law. Where the final tax outcome of these matters is different from the carrying amounts, such differences will impact the current and deferred tax provisions in the period in which such determination is made.
Foreign currencies translation and transactions	• Foreign currencies translation and transactions The reporting currency of the Company is the United States Dollar ("$") and the accompanying consolidated financial statements have been expressed in $s. In addition, the Company’s subsidiary is operating in the Republic of Vietnam, Singapore, India and Philippines and maintains its books and record in its local currency, Vietnam Dong (“VND”), Singapore Dollar (“SGD”), Indian Rupee (“INR”), Philippines Pesos (“PHP”), Malaysian Ringgit (“MYR), Thailand Baht (“THB”) and Indonesian Rupiah (“IDR”), respectively, which are the functional currencies in which the subsidiary’s operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not $ are translated into $s, in accordance with ASC Topic 830, “Translation of Financial Statement” (“ASC 830") using the applicable exchange rates on the balance sheet date. Shareholders’ equity is translated using historical rates. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from the translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income (loss) within the statements of changes in shareholder’s equity. Schedule of Foreign currencies translation and transactions Translation of amounts from SGD into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: Schedule of Foreign currencies translation and transactions December 31, 2022 December 31, 2021 Period-end SGD$:$ exchange rate $ 0.7450 $ 0.7409 Period average SGD$:$ exchange rate $ 0.7254 $ 0.7404 Translation of amounts from VND into $ has been made at the following exchange rates for the years December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end VND$:$ exchange rate $ 0.000042 $ 0.000044 Period average VND$:$ exchange rate $ 0.000043 $ 0.000043 Translation of amounts from INR into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end INR$:$ exchange rate $ 0.0121 $ 0.0134 Period average INR$:$ exchange rate $ 0.0127 $ 0.0135 Translation of amounts from PHP into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end PHP:$ exchange rate $ 0.0179 $ N/A Period average PHP:$ exchange rate $ 0.0184 $ N/A Translation of amounts from THB into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end THB:$ exchange rate $ 0.0288 $ N/A Period average THB:$ exchange rate $ 0.0286 $ N/A Translation of amounts from MYR into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end MYR:$ exchange rate $ 0.2265 $ N/A Period average MYR:$ exchange rate $ 0.2275 $ N/A T December 31, 2022 December 31, 2021 Period-end IDR:$ exchange rate $ 0.000064 $ N/A Period average IDR:$ exchange rate $ 0.000067 $ N/A Translation gains and losses that arise from exchange rate fluctuations from transactions denominated in a currency other than the functional currency are translated, as the case may be, at the rate on the date of the transaction and included in the results of operations as incurred.
Comprehensive income	• Comprehensive income ASC Topic 220, “ Comprehensive Income
Earnings per share	• Earnings per share Basic per share amounts are calculated using the weighted average shares outstanding during the year, excluding unvested restricted stock units. The Company uses the treasury stock method to determine the dilutive effect of stock options and other dilutive instruments. Under the treasury stock method, only “in the money” dilutive instruments impact the diluted calculations in computing diluted earnings per share. Diluted calculations reflect the weighted average incremental common shares that would be issued upon exercise of dilutive options assuming the proceeds would be used to repurchase shares at average market prices for the years. For the years ended December 31, 2022 and 2021, diluted weighted-average common shares outstanding is equal to basic weighted-average common shares, due to the Company’s net loss position. Hence, no common stock equivalents were included in the computation of diluted net loss per share since such inclusion would have been antidilutive. Schedule of computation of diluted net loss per share: Schedule of computation of diluted net loss per share Years ended December 31, 2022 2021 Net loss attributable to Society Pass Incorporated $ (33,786,107 ) $ (34,765,145 ) Weighted average common shares outstanding – Basic and diluted 24,429,526 9,443,741 Net loss per share – Basic and diluted $ (1.38 ) $ (3.68 ) The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding, because such securities had an antidilutive impact: Schedule of Common stock issued Year ended December 31, 2022 2021 Options to purchase common stock (a) 1,945,270 1,945,270 Warrants granted to underwriter 3,793,929 144,445 Warrants granted with Series C-1 Convertible Preferred Stock (b) — 1,158,000 Total of common stock equivalents 5,739,199 3,247,715 (a) The Board of Directors have approved a 10-year stock option at an exercise price of $6.49 per share that will be exercisable at any time. (b) The expiry date of warrants granted with Series C-1 was extended to June 30, 2022.
Leases	• Leases The Company adopted Topic 842, Leases ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company generally use the incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. In accordance with the guidance in ASC 842, components of a lease should be split into three categories: lease components (e.g., land, building, etc.), non-lease components (e.g. common area maintenance, consumables, etc.), and non-components (e.g. property taxes, insurance, etc.). Subsequently, the fixed and in-substance fixed contract consideration (including any related to non-components) must be allocated based on the respective relative fair values to the lease components and non-lease components. When a lease is terminated before the expiration of the lease term, irrespective of whether the lease is classified as a finance lease or an operating lease, the lessee would derecognize the ROU asset and corresponding lease liability. Any difference would be recognized as a gain or loss related to the termination of the lease. Similarly, if a lessee is required to make any payments or receives any consideration when terminating the lease, it would include such amounts in the determination of the gain or loss upon termination. As of December 31, 2022 and 2021, the Company recorded the right of use asset of $ 1,537,670 627,968
Retirement plan costs	• Retirement plan costs Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying consolidated statements of operation as the related employee service is provided.
Share-based compensation	• Share-based compensation The Company follows ASC Topic 718, Compensation—Stock Compensation
Warrants	• Warrants In connection with certain financing, consulting and collaboration arrangements, the Company has issued warrants to purchase shares of its preferred and common stock. The outstanding warrants are standalone instruments that are not puttable or mandatorily redeemable by the holder and are classified as equity awards. The Company measures the fair value of the awards using a Black-Scholes Option Pricing Model as of the measurement date. The Company uses a Black-Scholes option pricing model to estimate the grant date fair value of the warrants. Warrants issued in conjunction with the issuance of common stock are initially recorded at fair value as a reduction in additional paid-in capital (the accounting treatment for common stock issuance costs). All other warrants are recorded at the grant date fair value as an expense over the requisite service period, or at the date of issuance if the warrants vest immediately.
Related parties	• Related parties The Company follows ASC 850-10, Related Party Disclosures Pursuant to ASC 850, the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under ASC 825, Financial Instruments The consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required by ASC 850. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
Commitments and contingencies	• Commitments and contingencies The Company follows the ASC 450, Commitments If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available, that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows if the current level of facts and circumstances changes in the future.
Fair value of financial instruments	• Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and has adopted paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting Standards Codification are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, accounts receivable, deposits, prepayments and other receivables, contract liabilities, accrued liabilities and other payables, amounts due to related parties and operating lease liabilities, approximate their fair values because of the short maturity of these instruments.
Recent Accounting Pronouncements	• Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard setting bodies and adopted by the Company as of the specified effective date. In June 2022, the FASB issued Accounting Standards Update No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions All other recently issued, but not yet effective, 2022 Accounting Standards Updates are not expected to have an effect on the Company.

DESCRIPTION OF BUSINESS AND O_2

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Description of subsidiaries	Schedule of Description of subsidiaries Name Place and date of incorporation Principal activities Particulars of registered/ paid up share capital Effective interest held Society Technology LLC United States January 24, 2019 IP Licensing $1 100 % SOPA Cognitive Analytics Private Limited India February 5, 2019 Computer sciences consultancy and data analytics INR 1,238,470 100 % SOPA Technology Pte. Ltd. Singapore June 4, 2019 Investment holding SGD 1,250,000 95 % SOPA Technology Company Limited Vietnam October 1, 2019 Software production Registered: VND 2,307,300,000; 100 % Hottab Pte. Ltd. (HPL) Singapore January 17, 2015 Software development and marketing for the F&B industry SGD 620,287.75 100 % Hottab Vietnam Co. Ltd Vietnam April 17, 2015 Sale of POS hardware and software VND 1,000,000,000 100 % Thoughtful Media Group Co Ltd (FKA: Hottab Asset Company Limited) Vietnam July 25, 2019 Sale of POS hardware and software VND 5,000,000,000 100 % Leflair Incorporated United States December 7, 2021 Investment holding $1 100 % SOPA Capital Limited United Kingdom December 07, 2021 Investment holding GBP 1 100 % SOPA (Phil) Incorporated Philippines Jan 11, 2022 Investment holding PHP 11,000,000 100 % New Retail Experience Incorporated Philippines Jan 16, 2020 On-line Grocery delivery platform PHP 3,750,000 100 % Dream Space Trading Co Ltd Vietnam May 23, 2018 On-line Grocery and food delivery platform VND 500,000,000 100 % Push Delivery Pte. Ltd. Singapore January 7, 2022 Investment holding $2,000 100 % Gorilla Networks Pte. Ltd. Singapore September 3, 2019 Investment holding $2,620,000 and SGD 730,000 100 % Gorilla Connect Pte. Ltd. Singapore May 18, 2022 Telecommunications resellers SGD 100 100 % Gorilla Mobile Singapore Pte. Ltd. Singapore August 6, 2020 Telecommunications resellers SGD 100 100 % Gorilla Networks (VN) LLC Vietnam December 16, 2020 Telecommunications resellers VND 233,000,000 100 % Thoughtful Media Group Incorporated United States June 28,2022 Investment holding $10 100 % Thoughtful (Thailand) Co. Ltd Thailand September 2, 2014 Digital marketing THB 2,000,000 99.75 % AdActive Media CA Inc. United States April 12, 2010 Digital marketing Preferred: $1,929.1938 100 % PT Tunas Sukses Mandiri Indonesia February 8, 2010 Online ticketing and reservation IDR 26,000,000 100 % Nusatrip Malaysia Sdn Bhd Malaysia March 1, 2017 Online ticketing and reservation MYR 52,000 75 % Nusatrip Singapore Pte. Ltd. Singapore December 6, 2016 Online ticketing and reservation SGD 212,206 75 % Nusatrip International Pte. Ltd. Singapore January 9, 2015 Online ticketing and reservation SGD 100,000 75 %

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Expected useful life	Schedule of Expected useful life Expected useful lives Computer equipment 3 Office equipment 5 Renovation 5
Schedule of Foreign currencies translation and transactions	Schedule of Foreign currencies translation and transactions December 31, 2022 December 31, 2021 Period-end SGD$:$ exchange rate $ 0.7450 $ 0.7409 Period average SGD$:$ exchange rate $ 0.7254 $ 0.7404 Translation of amounts from VND into $ has been made at the following exchange rates for the years December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end VND$:$ exchange rate $ 0.000042 $ 0.000044 Period average VND$:$ exchange rate $ 0.000043 $ 0.000043 Translation of amounts from INR into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end INR$:$ exchange rate $ 0.0121 $ 0.0134 Period average INR$:$ exchange rate $ 0.0127 $ 0.0135 Translation of amounts from PHP into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end PHP:$ exchange rate $ 0.0179 $ N/A Period average PHP:$ exchange rate $ 0.0184 $ N/A Translation of amounts from THB into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end THB:$ exchange rate $ 0.0288 $ N/A Period average THB:$ exchange rate $ 0.0286 $ N/A Translation of amounts from MYR into $ has been made at the following exchange rates for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Period-end MYR:$ exchange rate $ 0.2265 $ N/A Period average MYR:$ exchange rate $ 0.2275 $ N/A T December 31, 2022 December 31, 2021 Period-end IDR:$ exchange rate $ 0.000064 $ N/A Period average IDR:$ exchange rate $ 0.000067 $ N/A
Schedule of computation of diluted net loss per share	Schedule of computation of diluted net loss per share Years ended December 31, 2022 2021 Net loss attributable to Society Pass Incorporated $ (33,786,107 ) $ (34,765,145 ) Weighted average common shares outstanding – Basic and diluted 24,429,526 9,443,741 Net loss per share – Basic and diluted $ (1.38 ) $ (3.68 )
Schedule of Common stock issued	Schedule of Common stock issued Year ended December 31, 2022 2021 Options to purchase common stock (a) 1,945,270 1,945,270 Warrants granted to underwriter 3,793,929 144,445 Warrants granted with Series C-1 Convertible Preferred Stock (b) — 1,158,000 Total of common stock equivalents 5,739,199 3,247,715 (a) The Board of Directors have approved a 10-year stock option at an exercise price of $6.49 per share that will be exercisable at any time. (b) The expiry date of warrants granted with Series C-1 was extended to June 30, 2022.

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue
Schedule of Revenue	Schedule of Revenue Years ended December 31, 2022 2021 Sales – online ordering $ 2,269,190 $ 482,002 Sales – digital marketing 2,593,674 — Sales – online ticketing and reservation 724,991 — Sales – data 23,747 — Software subscription sales 23,801 37,481 Hardware sales 150 402 $ 5,635,553 $ 519,885
Schedule of Contract liabilities	Schedule of Contract liabilities Year ended December 31, 2022 2021 Contract liabilities, brought forward $ 25,229 $ 18,646 Add: recognized as deferred revenue 1,405,090 44,064 Less: recognized as revenue (25,229 ) (37,481 ) Contract liabilities, carried forward $ 1,405,090 $ 25,229

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting	Schedule of Segment Reporting Years ended December 31, 2022 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Revenue from external customers Sales – online ordering 150,999 — — 2,118,191 — — 2,269,190 Sales – digital marketing — 2,593,674 — — — — 2,593,674 Sales – online ticketing and reservation — — 724,991 — — — 724,991 Sales – data — — — — 23,747 — 23,747 Software sales — — — — — 23,801 23,801 Hardware sales — — — — — 150 150 Total revenue 150,999 2,593,674 724,991 2,118,191 23,747 23,951 5,635,553 Cost of sales: Cost of online ordering — — — (1,961,203 ) — — (1,961,203 ) Cost of online platform (146,612 ) — — — — — (146,612 ) Sales – online ticketing and reservation — — (94,048 ) — — — (94,048 ) Cost of digital marketing — (2,227,413 ) — — — — (2,227,413 ) Cost of data — — — — (10,134 ) — (10,134 ) Software sales — — — (204,777 ) — (24,282 ) (229,059 ) Hardware sales — — — — — (111 ) (111 ) Total cost of revenue (146,612 ) (2,227,413 ) (94,048 ) (2,165,980 ) (10,134 ) (24,393 ) (4,668,580 ) Gross income (loss) 4,387 366,261 630,943 (47,789 ) 13,613 (442 ) 966,973 Operating Expenses Sales and marketing expenses (23,468 ) (27,134 ) (144,236 ) (793,582 ) (9,364 ) — (997,784 ) Software development costs — — — — — (72,999 ) (72,999 ) Impairment loss — — — — — (3,499,881 ) (3,499,881 ) Depreciation (6,603 ) (1,288 ) (39,965 ) (3,625 ) (8,803 ) (47,548 ) (107,832 ) Amortization — — — — — (3,200,000 ) (3,200,000 ) General and administrative expenses (262,359 ) (483,395 ) (624,090 ) (1,345,954 ) (236,424 ) (24,292,311 ) (27,244,533 ) Total operating expenses (292,430 ) (511,817 ) (808,291 ) (2,143,161 ) (254,591 ) (31,112,739 ) (35,123,029 ) Loss from operations (288,043 ) (145,556 ) (177,348 ) (2,190,950 ) (240,978 ) (3,111,318 ) (34,156,056 ) Other income (expense) Interest income 25 38 1,158 728 — 82,167 84,116 Dividend income 2,442 — — — — — 2,442 Interest expense — (4,647 ) — — (12,688 ) (7,770 ) (25,105 ) Gain from early lease termination — — — — — 2,166 2,166 Loss on disposal of fixed assets — — (19,964 ) (19,964 ) Other income 2,804 7,867 (463,288 ) 101,010 Total other income (expense) 5,271 (4,821 ) (406,689 ) 144,665 Loss before income taxes (282,772 ) (245,799 ) (31,519,870 ) (34,011,391 ) Year ended December 31, 2021 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Revenue from external customers Sales – online ordering — — — 482,002 — — 482,002 Sales – digital marketing — — — — — — — Sales – online ticketing and reservation — — — — — — — Sales – data — — — — — — — Software sales — — — — — 37,481 37,481 Hardware sales — — — — — 402 402 Total revenue — — — 482,002 — 37,883 519,885 Cost of sales: Cost of online ordering — — — (407,662 ) — — (407,662 ) Cost of digital marketing — — — — — — — Cost of data — — — — — — — Software sales — — — (254,028 ) (48,785 ) (302,813 ) Hardware sales — — — — — (208 ) (208 ) Total cost of revenue — — — (661,690 ) — (48,993 ) (710,683 ) Gross income (loss) — — — (179,688 ) — (11,110 ) (190,798 ) Operating Expenses Sales and marketing expenses — — — (318,697 ) — (8,498 ) (327,195 ) Software development costs — — — — — (95,809 ) (95,809 ) Impairment loss — — — (200,000 ) — — (200,000 ) Depreciation — — — — — (10,448 ) (10,448 ) Amortization — — — — — (3,200,000 ) (3,200,000 ) General and administrative expenses — — — (203,203 ) — (29,984,750 ) (30,187,953 ) Total operating expenses — — — (721,900 ) — (33,299,505 ) (34,021,405 ) Loss from operations — — — (901,588 ) — (33,310,615 ) (34,212,203 ) Other income (expense) Gain from early lease termination — — — — — 2,454 2,454 Interest income — — — 103 — 13 116 Interest expense — — — — — (41,514 ) (41,514 ) Loss on settlement of litigation — — — — — (550,000 ) (550,000 ) Warrant modification expense — — — — — (58,363 ) (58,363 ) Other income — — — 2,135 — 3,771 5,906 Total other income (expense) — — — 2,238 — (643,639 ) (641,401 ) Loss before income taxes — — — (899,350 ) — (33,954,254 ) (34,853,604 ) December 31, 2022 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Intangible assets, net 378,170 — 89,808 — 948,457 6,041,654 7,458,089 Identifiable assets 345,017 1,507,771 3,190,380 2,164,386 81,924 17,951,175 25,240,653 December 31, 2021 Online F&B and Groceries Deliveries Digital Marketing Online Ticketing and reservation e-Commerce Telecommunication Reseller Merchant POS Total Intangible assets, net — — — — — 4,000,000 4,000,000 Identifiable assets — — — 9,638,035 — 21,538,322 31,176,357
Schedule of geographic segments	Schedule of geographic segments Year Ended December 31, 2022 2021 Indonesia $ 443,147 $ 34,830 Vietnam 2,186,007 485,055 Philippines 142,642 — Singapore 321,701 — United States 2,310,933 — Thailand 225,172 — Malaysia 4,242 — Hong Kong 1,709 — $ 5,635,553 $ 519,885

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2022
Acquisition Of New Retail [Member]
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Purchase price allocation: Fair value of stock at closing $ 800,000 Cash paid 200,000 Less cash received (5,445 ) Purchase price $ 994,555
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 4,728 Other receivables 9,603 Property and equipment 204 Total acquired assets 14,535 Less: Assumed liabilities Trade payables 2,804 Accrued liabilities and other payable 279 Deferred tax liabilities 69,000 Total Assumed liabilities 72,083 Foreign exchange difference 2,897 Fair value of net liabilities assumed (60,445 ) Fair value of identifiable assets 276,000 Goodwill recorded 779,000 Cash consideration allocated $ 994,555
Schedule of net loss per share	Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 3,130,055 $ 172,753 Net loss $ (24,264,245 ) $ (15,550,759 ) Net loss per share $ (0.93 ) $ (1.60 )
Acquisition Of Dream Space [Member]
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Purchase price allocation: Cash paid $ 104 Less cash received — Purchase price $ 104
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 1,168 Other receivables 5 Cash 1,429 Total acquired assets 2,602 Less: Assumed liabilities Trade payables 1,228 Accrued liabilities and other payable 2,577 Total Assumed liabilities 3,805 Fair value of net liabilities assumed (1,203 ) Goodwill recorded 1,307 Cash consideration allocated $ 104
Schedule of net loss per share	Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 2,907,816 $ 117,317 Net loss $ (24,263,564 ) $ (15,528,953 ) Net loss per share $ (0.93 ) $ (1.60 )
Acquisition Of Gorilla [Member]
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Purchase price consisted of the following: Fair value of stock at closing $ 268,873 Less: cash received (25,583 ) Purchase price $ 243,290
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Acquired assets: Inventories $ 4,348 Trade receivables 3,273 Other receivables 58,029 Property and equipment 8,876 Intangible asset 792,130 Total acquired assets 866,656 Less: Assumed liabilities Trade payables 534,907 Accrued liabilities and other payable 121,450 Amount due to related parties 73 Amount due to shareholder 74,697 Total acquired Liabilities 731,127 Fair value of net assets assumed 135,529 Goodwill recorded 107,761 Net consideration allocated, net $ 243,290
Schedule of net loss per share	Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 3,035,843 $ 100,823 Net loss $ (27,178,107 ) $ (15,551,764 ) Net loss per share $ (1.04 ) $ (1.60 )
Acquisition Of T M G [Member]
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Purchase price consisted of the following: Fair value of stock at closing $ 2,102,389 Less: cash received (29,877 ) Purchase price $ 2,072,512
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 416,061 Deposit and prepayment 92,556 Property and equipment 2,697 Identifiable intangible assets 1,659,000 Other receivable 700,000 Right of use assets 30,370 Cash 29,877 Total acquired assets 2,930,561 Less: Assumed liabilities Trade payables 483,424 Accrued liabilities and other payable 141,540 Amount due to related parties 160,050 Loan 160,941 Lease liabilities 30,725 Total acquired Liabilities 976,680 Fair value of net assets assumed 1,953,881 Goodwill recorded 118,631 Cash consideration allocated, net $ 2,072,512
Schedule of net loss per share	Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 5,933,816 $ 862,191 Net loss $ (24,317,563 ) $ (15,787,338 ) Net loss per share $ (0.93 ) $ (1.62 )
Acquisition Of Nusatrip [Member]
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Purchase price consisted of the following: Fair value of stock at closing $ 2,194,456 Less: cash received (1,574,456 ) Purchase price $ 620,000
Schedule of Acquisition of assets and liability	Schedule of Acquisition of assets and liability Acquired assets: Trade receivables $ 643,627 Other receivables 1,272,617 Property and equipment 172,024 Identifiable intangible assets 3,306,654 Amount due from related parties 941,915 Amount due from shareholder 17,742 Cash 1,574,456 Total acquired assets 7,929,035 Less: Assumed liabilities Trade payables 875,744 Accrued liabilities and other payable 6,828,185 Contract liabilities 450,000 Amount due to related parties 1,649,514 Amount due to shareholder 81 Total acquired Liabilities 9,803,524 Fair value of net assets assumed (1,874,489 ) Goodwill recorded 2,494,489 Cash consideration allocated, net $ 620,000
Schedule of net loss per share	Schedule of net loss per share Years ended December 31, 2022 2021 Revenue $ 3,141,713 $ 781,999 Net loss $ (24,732,797 ) $ (17,556,074 ) Net loss per share $ (0.95 ) $ (1.81 )

DEPOSIT, PREPAYMENTS AND OTHE_2

DEPOSIT, PREPAYMENTS AND OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2022
Deposit Prepayments And Other Receivables
Schedule of prepayments and other receivables	Schedule of prepayments and other receivables December 31, 2022 2021 Deposits $ 921,429 $ 68,991 Prepayments 573,513 32,279 Prepayments for consultancy fee (a) 858,665 6,010,667 Prepayments for first insurance funding (b) — 742,500 Value added tax 140,053 96,818 Interest receivable 12,763 — Other receivables 204,619 1,666 Total $ 2,711,042 $ 6,952,921 Less: non-current portion Prepayments for consultancy fee — (858,667 ) Current portion $ 2,711,042 $ 6,094,254 (a) On December 6, 2021, the Company entered into two consulting agreements with China-America Culture Media Inc. and New Continental Technology Inc., acting as consultant to assist the Company in completing certain Business Opportunities with potential partners until February 28, 2023. The considerations of the services are $ 3,250,000 3,190,000 433,332 3,033,334 425,333 2,977,333 5,152,002 429,333 (b) On October 7, 2021, the Company purchased the Directors and Officers (D&O) insurance at a premium fee of $990,000 for a term of 12 months. Also, the Company entered a loan agreement with First Insurance Funding to finance 75% of the total premium, to repay the premium of $990,000. The Company paid the down payment of $247,500 (25%) and the remaining balance $742,500 (75%) to be repaid by 10 installments until August 7, 2022. The Company’s D&O insurance prepayment balance was $ 0 742,500 742,500 146,453

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of inventories	Schedule of inventories December 31, 2022 2021 Finished goods $ 310,932 $ 221,068 Less: Reserve for excess and obsolete inventory — — Total Inventories $ 310,932 $ 221,068

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets Useful life December 31, 2022 December 31, 2021 At cost: Software platform 2.5 $ 8,000,000 $ 8,000,000 Apps development 948,457 — Computer software 586,888 — Software system 378,170 — Intellectual technology 276,000 — Customers and Business Partner relationship 4,965,654 — Other intangible assets 3 5 1,725 1,725 15,156,894 8,001,725 Less: accumulated depreciation (7,698,805 ) (4,001,725 ) $ 7,458,089 $ 4,000,000
Schedule of Amortization of intangible assets	Schedule of Amortization of intangible assets Year ending December 31, 2022: Amount 2023 800,000

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property plant and equipment	Schedule of Property plant and equipment December 31, 2022 December 31, 2021 At cost: Computer $ 600,629 $ 33,207 Office equipment 54,683 16,826 Furniture and fixtures 10,702 — Renovation 322,399 27,731 988,413 77,764 Less: accumulated depreciation (282,015 ) (21,743 ) Less: exchange difference — 1,014 706,398 57,035

ASSET PURCHASE AGREEMENT (Table

ASSET PURCHASE AGREEMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Asset Purchase Agreement
Schedule of Asset acquisition	Schedule of Asset acquisition Acquired assets: Intellectual property $ 200,000 Less: Assumed liabilities — Accrued liabilities and other payable — Fair value of net assets acquired 200,000 Impairment loss recorded (200,000 ) Net asset value $ —
Schedule of non-controlling interest	Schedule of non-controlling interest Balance, December 31, 2021 5 % Transfer (to) from the non-controlling interest as a result of Leflair Purchase Agreement — % Parent Co. acquired/exchanged the non-controlling interest holding with their shares — % Balance, December 31, 2022 5 %
Schedule of reconciliation non-controlling loss attributable to the company	Schedule of reconciliation non-controlling loss attributable to the company Non-Controlling Interest, December 31, 2021 $ (102,784 ) Acquisition cost — Net loss attributable to non-controlling interest (228,915 ) Foreign currency translation adjustment (4,816 ) Non-Controlling Interest, December 31, 2022 $ (336,515 )
Schedule of Net loss attributable to non-controlling interest	Schedule of Net loss attributable to non-controlling interest Net loss generated by SOPA Technology Pte Ltd for the year ended December 31, 2022 $ (5,730,073 ) Non-controlling interest percentage 5 % Net loss attributable to non-controlling interest $ (281,920 ) Foreign currency translation adjustment (4,385 ) Non-Controlling Interest $ (286,305 )

AMOUNTS DUE TO RELATED PARTIES

AMOUNTS DUE TO RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2022
Amounts Due To Related Parties
Schedule of Amount due to related parties	Schedule of Amount due to related parties December 31, 2022 December 31, 2021 Amounts due to related parties (a) $ 22,311 $ 24,763 Amount due to a director (b) — 500,000 $ 22,311 $ 524,763 (a) The amounts represented temporary advances to the Company including related parties (two officers), which were unsecured, interest-free and had no fixed terms of repayments. On September 30, 2021, the Company received the notifications that the outstanding amounts of $ 72,176 22,311 24,763 (b) The December 31, 2021, balance represented unpaid salaries and bonus to a director, which amount was unsecured, interest-free and had no fixed terms of repayments. As of September 30, 2021, the Director had $ 960,833 0.83 1,157,630 3,854,908 2,894,075 0 500,000

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accounts payable	Schedule of Accounts payable   December 31, 2022 December 31, 2021 Accounts payable $ 1,296,571 $ 261,907 Accrued liabilities and other payables- Related Party (a) 43,360 60,253 Accrued liabilities and other payables (b) 8,281,865 753,345 Other Accounts payable 8,325,225 813,598 Total Accounts payable $ 9,621,796 $ 1,075,505
Schedule of Accrued liabilities	Schedule of Accrued liabilities December 31, 2022 December 31, 2021 Accrued payroll $ 1,023,549 $ 85,888 Accrued VAT expenses 6,801 62,044 Accrued taxes 1,653,284 62,272 Customer deposit 1,155,695 — Customer refund 1,146,409 — Other payables (c) 994,213 245,000 Other accrual (d) 2,301,914 298,141 Total Accrued liabilities $ 8,281,865 $ 753,345

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Lease expenses	Schedule of Lease expenses Years ended December 31, 2022 2021 Operating lease expense (per ASC 842) $ 342,515 $ 40,172 Short-term lease expense (other than ASC 842) 10,714 — Total lease expense $ 353,230 $ 40,172
Schedule of Future Contractual Lease Payments	Schedule of Future Contractual Lease Payments Years ended December 31, Operating lease amount 2023 $ 534,702 2024 427,698 2025 286,651 2026 253,883 2027 200,519 Total 1,703,453 Less: interest (162,389 ) Present value of lease liabilities $ 1,541,064 Less: non-current portion (1,073,126 ) Present value of lease liabilities – current liability $ 467,938

LOAN (Tables)

LOAN (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of loan	Schedule of loan December 31, 2022 December 31, 2021 Loan – A (i) $ 28,164 $ — $ 28,164 $ —

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Stock option assumptions	Schedule of Stock option assumptions December 8, 2021 Dividend rate 0 % Risk-free rate 1.52 % Weighted average expected life (years) 10 Expected volatility 130 % Share price $ 6.49
Schedule of Director's stock awards	Schedule of Director's stock awards Share option Weighted average exercise price Weighted Outstanding as of December 31, 2020 — — — Granted 1,945,270 6.49 10 Exercised — — — Expired — — — Outstanding as of December 31, 2021 1,945,270 $ 6.49 10 Granted — — — Exercised — — — Expired — — — Outstanding as of December 31, 2022 1,945,270 $ 6.49 9.25
Schedule of Future years	Schedule of Future years Year ended December 31 2022 162,990 Year ended December 31 2023 162,990 Total 325,980
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of warrants issued and outstanding	Schedule of warrants issued and outstanding Warrants Weighted average exercise price Weighted Outstanding as of December 31, 2020 (a) 2,047 $ 420 0.6 Issued (b) 2,120 $ 420 0.5 Issued (a) 144,445 $ 9.90 5.0 Exercised (307 ) $ 420 — Expired — — — Outstanding as of December 31, 2021 148,305 $ 20.57 4.88 Issued (c) 3,728,784 $ 3.28 2.92 Exercised (79,601 ) $ 3.28 0.5 Expired (3,560 ) $ 420 — Outstanding as of December 31, 2022 3,793,928 $ 3.565 3.05 There is no intrinsic value for the warrants as of December 31, 2022 and 2021. (a) Common stock will be issued upon exercise of the 144,445 warrants having intrinsic value of $0 and $73,667 as of December 31, 2022 and 2021, respectively. (b) Series C-1 Preferred Stock will be issued upon the exercise of the warrants. The Series C-1 Preferred Stock was automatically converted into 0 and 1,158,000 shares of common stock with the intrinsic value of $0 and $10,433,580 as of December 31, 2022 and 2021, respectively. (c) Common stock will be issued upon warrants exercise of the 3,728,784 warrants having no intrinsic value as of December 31, 2022.
Schedule of Stock option assumptions	Schedule of Stock option assumptions Before modification After Modification Dividend rate 0 % 0 % Risk-free rate 0.06 % 0.12 % Weighted average expected life (years) 9 18 Expected volatility 25 % 25 % Exercise price $ 1.4 $ 1.4
Directors Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Director's stock awards	Schedule of Director's stock awards Stock awards Weighted average exercise price Weighted Unvested as of December 31, 2020 — — — Issued 814,950 7.65 2 Vested (162,990 ) 7.65 — Cancelled — — — Unvested as of December 31, 2021 651,960 $ 7.65 1.67 Issued — — — Vested (325,980 ) 7.65 — Cancelled — — — Unvested as of December 31, 2022 325,980 $ 7.65 0.92 Shares Unvested at period-end 325,980 $ 7.65

PREFERRED STOCKS AND WARRANTS (

PREFERRED STOCKS AND WARRANTS (Tables)	12 Months Ended
	Dec. 31, 2022
Preferred Stocks And Warrants
Schedule of Preferred stocks	Schedule of Preferred stocks No. of shares Stated Value Series A Convertible Preferred Stock 10,000 $1,000 Series B Convertible Preferred Stock 10,000 $1,336 Series B-1 Convertible Preferred Stock 15,000 $2,917 Series C Convertible Preferred Stock 15,000 $5,763 Series C-1 Convertible Preferred Stock 30,000 $420 Series X Super Voting Preferred Stock 3,500 $0.0001

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	Schedule of provision for income taxes Years ended December 31, 2022 2021 Tax jurisdiction from: - Local $ 25,776,146 $ 32,901,996 - Foreign 8,235,245 1,951,608 Loss before income taxes $ 34,011,391 $ 34,853,604
Schedule of provision for income taxes	Schedule of provision for income taxes Years ended December 31, 2022 2021 Current: - United States $ — $ — - Singapore — — - Vietnam — — - India 3,631 11,136 Deferred: - United States — — - Singapore — — - Vietnam — — - India — — Income tax expense $ 3,631 $ 11,136
Schedule of statutory United States federal income tax rate	Schedule of statutory United States federal income tax rate Years ended December 31, Rate Reconciliation 2022 2021 Expected tax at statutory rates (7,142,392 ) 21.00 % (6,090,419 ) 21.00 % Nondeductible expenses 733,498 (2.16 )% 6,979 (0.02 )% State income tax, net of federal benefit (10,506 ) (0.12 )% — Foreign taxes at rate different than US taxes 207,300 (0.61 )% — — Current year change in valuation allowance 6,030,898 (17.59 )% 5,718,337 (17.00 )% Prior deferred true up 184,833 (0.54 )% 1,184,103 (4.00 )% 3,631 (0.01 )% — —
Schedule of Deferred Tax Assets and Liabilities	Schedule of Deferred Tax Assets and Liabilities December 31, 2022 December 31, 2021 Deferred tax assets: Software intangibles (U.S) $ 261,555 $ 150,465 Deferred Stock Compensation (U.S.) 7,539,329 5,864,670 ROU net liability 248 Net operating loss carryforwards - United States 4,791,994 1,875,143 - Singapore 975,690 272,937 - Vietnam 563,376 260,418 - India — — - Philippines 144,211 — - Indonesia 85,450 — - Thailand 139,940 — - Malaysia — — 14,503,793 8,423,633 Less: valuation allowance (14,503,793 ) (8,423,633 ) Deferred tax assets, net $ — $ —

CONCENTRATIONS OF RISK (Tables)

CONCENTRATIONS OF RISK (Tables)	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Schedule of concentrations of risk	Schedule of concentrations of risk Year ended December 31, 2022 December 31, 2022 Customer Revenues Percentage of revenues Accounts Customer C $ 2,310,933 41.01 $ 385,183 Year ended December 31, 2021 December 31, 2021 Customer Revenues Percentage Accounts Customer A** $ 387,213 74 % $ 54,160 * Customer B*** 94,698 18 % (9,298 )**** * This included value added taxed ("VAT") ** The Company engaged Tiki Smart Logistic for collection of cash on delivery arrangement from their end customer. *** The Company engaged PayDollars for online payment gateway arrangement from their end customer. **** Due to order cancelation the amount became credit balance.

DESCRIPTION OF BUSINESS AND O_3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details)	12 Months Ended
	Dec. 31, 2022
Society Technology L L C [Member]
Name of subsidiary	Society Technology LLC
Place of incorporation	United States
Date of Incorporation	Jan. 24, 2019
Principal activity	IP Licensing
Share capital	$1
Ownership percentage	100%
SOPA Cognitive Analytics Private Limited [Member]
Name of subsidiary	SOPA Cognitive Analytics Private Limited
Place of incorporation	India
Date of Incorporation	Feb. 05, 2019
Principal activity	Computer sciences consultancy and data analytics
Share capital	INR 1,238,470
Ownership percentage	100%
S O P A Technology Pte Ltd [Member]
Name of subsidiary	SOPA Technology Pte. Ltd.
Place of incorporation	Singapore
Date of Incorporation	Jun. 04, 2019
Principal activity	Investment holding
Share capital	SGD 1,250,000
Ownership percentage	95%
S O P A Technology Company Limited [Member]
Name of subsidiary	SOPA Technology Company Limited
Place of incorporation	Vietnam
Date of Incorporation	Oct. 01, 2019
Principal activity	Software production
Share capital	Registered: VND 2,307,300,000; Paid up: VND 1,034,029,911
Ownership percentage	100%
Hottab Pte Ltd [Member]
Name of subsidiary	Hottab Pte. Ltd. (HPL)
Place of incorporation	Singapore
Date of Incorporation	Jan. 17, 2015
Principal activity	Software development and marketing for the F&B industry
Share capital	SGD 620,287.75
Ownership percentage	100%
Hottab Vietnam Co Ltd [Member]
Name of subsidiary	Hottab Vietnam Co. Ltd
Place of incorporation	Vietnam
Date of Incorporation	Apr. 17, 2015
Principal activity	Sale of POS hardware and software
Share capital	VND 1,000,000,000
Ownership percentage	100%
Thoughtful Media Group Co Ltd F K A Hottab Asset Company Limited [Member]
Name of subsidiary	Thoughtful Media Group Co Ltd (FKA: Hottab Asset Company Limited)
Place of incorporation	Vietnam
Date of Incorporation	Jul. 25, 2019
Principal activity	Sale of POS hardware and software
Share capital	VND 5,000,000,000
Ownership percentage	100%
Leflair Incorporated [Member]
Name of subsidiary	Leflair Incorporated
Place of incorporation	United States
Date of Incorporation	Dec. 07, 2021
Principal activity	Investment holding
Share capital	$1
Ownership percentage	100%
S O P A Capital Limited [Member]
Name of subsidiary	SOPA Capital Limited
Place of incorporation	United Kingdom
Date of Incorporation	Dec. 07, 2021
Principal activity	Investment holding
Share capital	GBP 1
Ownership percentage	100%
S O P A Phil Incorporated [Member]
Name of subsidiary	SOPA (Phil) Incorporated
Place of incorporation	Philippines
Date of Incorporation	Jan. 11, 2022
Principal activity	Investment holding
Share capital	PHP 11,000,000
Ownership percentage	100%
New Retail Experience Incorporated [Member]
Name of subsidiary	New Retail Experience Incorporated
Place of incorporation	Philippines
Date of Incorporation	Jan. 16, 2020
Principal activity	On-line Grocery delivery platform
Share capital	PHP 3,750,000
Ownership percentage	100%
Dream Space Trading Co Ltd [Member]
Name of subsidiary	Dream Space Trading Co Ltd
Place of incorporation	Vietnam
Date of Incorporation	May 23, 2018
Principal activity	On-line Grocery and food delivery platform
Share capital	VND 500,000,000
Ownership percentage	100%
Push Delievery Pte Ltd [Member]
Name of subsidiary	Push Delivery Pte. Ltd.
Place of incorporation	Singapore
Date of Incorporation	Jan. 07, 2022
Principal activity	Investment holding
Share capital	$2,000
Ownership percentage	100%
Gorilla Networks Pte Ltd [Member]
Name of subsidiary	Gorilla Networks Pte. Ltd.
Place of incorporation	Singapore
Date of Incorporation	Sep. 03, 2019
Principal activity	Investment holding
Share capital	$2,620,000 and SGD 730,000
Ownership percentage	100%
Gorilla Connect Pte Ltd [Member]
Name of subsidiary	Gorilla Connect Pte. Ltd.
Place of incorporation	Singapore
Date of Incorporation	May 18, 2022
Principal activity	Telecommunications resellers
Share capital	SGD 100
Ownership percentage	100%
Gorilla Mobile Singapore Pte Ltd [Member]
Name of subsidiary	Gorilla Mobile Singapore Pte. Ltd.
Place of incorporation	Singapore
Date of Incorporation	Aug. 06, 2020
Principal activity	Telecommunications resellers
Share capital	SGD 100
Ownership percentage	100%
Groilla Networks V N L L C [Member]
Name of subsidiary	Gorilla Networks (VN) LLC
Place of incorporation	Vietnam
Date of Incorporation	Dec. 16, 2020
Principal activity	Telecommunications resellers
Share capital	VND 233,000,000
Ownership percentage	100%
Thoughtful Media Group Incorporated [Member]
Name of subsidiary	Thoughtful Media Group Incorporated
Place of incorporation	United States
Date of Incorporation	Jun. 28, 2022
Principal activity	Investment holding
Share capital	$10
Thoughtgul Media Group Incorporated [Member]
Ownership percentage	100%
Thoughtful Thailand Co Ltd [Member]
Name of subsidiary	Thoughtful (Thailand) Co. Ltd
Place of incorporation	Thailand
Date of Incorporation	Sep. 02, 2014
Principal activity	Digital marketing
Share capital	THB 2,000,000
Ownership percentage	99.75%
Ad Active Media Ca Inc [Member]
Name of subsidiary	AdActive Media CA Inc.
Place of incorporation	United States
Date of Incorporation	Apr. 12, 2010
Principal activity	Digital marketing
Share capital	Preferred: $1,929.1938 Common: $4,032.7871
Ownership percentage	100%
P T Tunas Sukses Mandiri [Member]
Name of subsidiary	PT Tunas Sukses Mandiri
Place of incorporation	Indonesia
Date of Incorporation	Feb. 08, 2010
Principal activity	Online ticketing and reservation
Share capital	IDR 26,000,000
Ownership percentage	100%
Nusatrip Malaysia Sdn Bhd [Member]
Name of subsidiary	Nusatrip Malaysia Sdn Bhd
Place of incorporation	Malaysia
Date of Incorporation	Mar. 01, 2017
Principal activity	Online ticketing and reservation
Share capital	MYR 52,000
Ownership percentage	75%
Nusatrip Singapore Pte Ltd [Member]
Name of subsidiary	Nusatrip Singapore Pte. Ltd.
Place of incorporation	Singapore
Date of Incorporation	Dec. 06, 2016
Principal activity	Online ticketing and reservation
Share capital	SGD 212,206
Ownership percentage	75%
Nusatrip International Pte Ltd [Member]
Name of subsidiary	Nusatrip International Pte. Ltd.
Place of incorporation	Singapore
Date of Incorporation	Jan. 09, 2015
Principal activity	Online ticketing and reservation
Share capital	SGD 100,000
Ownership percentage	75%

DESCRIPTION OF BUSINESS AND O_4

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details Narrative) - USD ($)			1 Months Ended		12 Months Ended
	Feb. 08, 2022	Feb. 10, 2021	Feb. 14, 2022	Sep. 21, 2021	Dec. 31, 2022	Aug. 15, 2022	Jul. 31, 2022	Jul. 21, 2022	Jul. 07, 2022	May 31, 2022	Feb. 28, 2022
Acquisition percentage			100%			75%			99.75%
Stockholders' Equity Note, Stock Split		750 for 1		1 for 2.5
Number of shares issued					236,111
Share issued, value					$ 26,000,001
Sale of Stock, Consideration Received on Transaction			$ 994,555		$ 2,124,999
Underwriting Agreement [Member]
Number of shares issued	3,030,300
Share Price	$ 3.30
Class of Warrant or Right, Outstanding	454,545
IPO [Member]
Number of shares issued					2,888,889
Share Price					$ 9
New Retail Experience [Member]
Acquisition percentage											100%
Gorilla Networks Pte Ltd [Member]
Acquisition percentage										100%
Ad Active Media Inc [Member]
Acquisition percentage									100%
Mangan P H Food Delivery Service Corp [Member]
Acquisition percentage								100%
Share Price							$ 1.94
S O P A Technology Pte Ltd [Member]
Acquisition percentage						95%

LIQUIDITY AND CAPITAL RESOURC_2

LIQUIDITY AND CAPITAL RESOURCES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Liquidity And Capital Resources
Cash	$ 19,003,336
Working capital	11,382,646
Accumulated deficit	81,138,563	$ 47,352,456
Net loss	34,015,022	34,864,740
Net cash used in operating activities	14,453,759	10,813,938
Net cash used in investing activities	177,393	(246,837)
Net cash used in financing activities	10,182,905	33,823,757
Proceeds from public offering	10,402,891	25,447,154
Proceeds from warrants	412,890	8,528,079
Repayments of loans payable	$ 632,876	$ 151,476

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2022
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	3 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	5 years
Renovation [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Dec. 31, 2022	Dec. 31, 2021
Singapore, Dollars | Period End [Member]
Foreign Currency Exchange Rate, Translation	0.7450	0.7409
Singapore, Dollars | Period Average [Member]
Foreign Currency Exchange Rate, Translation	0.7254	0.7404
Viet Nam, Dong | Period End [Member]
Foreign Currency Exchange Rate, Translation	0.000042	0.000044
Viet Nam, Dong | Period Average [Member]
Foreign Currency Exchange Rate, Translation	0.000043	0.000043
India, Rupees | Period End [Member]
Foreign Currency Exchange Rate, Translation	0.0121	0.0134
India, Rupees | Period Average [Member]
Foreign Currency Exchange Rate, Translation	0.0127	0.0135
Philippines, Pesos | Period End [Member]
Foreign Currency Exchange Rate, Translation	0.0179
Philippines, Pesos | Period Average [Member]
Foreign Currency Exchange Rate, Translation	0.0184
Thailand, Baht | Period End [Member]
Foreign Currency Exchange Rate, Translation	0.0288
Thailand, Baht | Period Average [Member]
Foreign Currency Exchange Rate, Translation	0.0286
Malaysia, Ringgits | Period End [Member]
Foreign Currency Exchange Rate, Translation	0.2265
Malaysia, Ringgits | Period Average [Member]
Foreign Currency Exchange Rate, Translation	0.2275
Indonesia, Rupiahs | Period End [Member]
Foreign Currency Exchange Rate, Translation	0.000064
Indonesia, Rupiahs | Period Average [Member]
Foreign Currency Exchange Rate, Translation	0.000067

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Net loss attributable to Society Pass Incorporated	$ (33,786,107)	$ (34,765,145)
Weighted average common shares outstanding – Basic and diluted	24,429,526	9,443,741
Net loss per share – Basic and diluted	$ (1.38)	$ (3.68)

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - shares		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidiluted earnings per share		5,739,199	3,247,715
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidiluted earnings per share	[1]	1,945,270	1,945,270
Underwriter [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidiluted earnings per share		3,793,929	144,445
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidiluted earnings per share	[2]		1,158,000
[1]The Board of Directors have approved a 10-year stock option at an exercise price of $6.49 per share that will be exercisable at any time.[2]The expiry date of warrants granted with Series C-1 was extended to June 30, 2022.

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Equivalents, at Carrying Value	$ 19,003,336	$ 23,264,777
Cash, FDIC Insured Amount	250,000
Uninsured amount	9,256,175	13,699,082
Uninsured bank deposits	9,047,911	9,315,695
Restricted cash	72,350	0
Allowance for doubtful accounts	0	0
Allowance for obsolete inventories	0	0
Inventory net	310,932	221,068
Revenues	5,635,553	519,885
Contract assets	20,310	0
Contract liability	1,405,090	25,229
Software development costs	72,999	95,809
Advertising Expense	997,784	327,195
Right of use assets	1,537,670	627,968
E Commerce [Member]
Revenues	2,118,191	482,002
Merchant P O S [Member]
Revenues	23,801	37,481
Grocery Food Delivery [Member]
Revenues	150,999	0
Telecommunication Reseller [Member]
Revenues	23,747	0
Digital Marketing [Member]
Revenues	2,593,674	0
Online Ticketing And Reservations [Member]
Revenues	$ 724,991	$ 0

REVENUE (Details)

REVENUE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total revenue	$ 5,635,553	$ 519,885
Online Ordering [Member]
Total revenue	2,269,190	482,002
Digital Marketing [Member]
Total revenue	2,593,674
Online Ticketing And Reservation [Member]
Total revenue	724,991
Sales Data [Member]
Total revenue	23,747
Software Development [Member]
Total revenue	23,801	37,481
Hardware Sales [Member]
Total revenue	$ 150	$ 402

REVENUES (Details 1)

REVENUES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue
Contract liabilities, brought forward	$ 25,229	$ 18,646
Add: recognized as deferred revenue	1,405,090	44,064
Less: recognized as current period/year revenue	(25,229)	(37,481)
Contract liabilities, carried forward	$ 1,405,090	$ 25,229

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from External Customer [Line Items]
Total revenue	$ 5,635,553	$ 519,885
Total cost of revenue	4,668,580	710,683
Total cost of revenue	(4,668,580)	(710,683)
Gross income (loss)	966,973	(190,798)
Operating Expenses
Sales and marketing expenses	(997,784)	(327,195)
Impairment loss	3,499,881	200,000
Depreciation	(107,832)	(10,448)
General and administrative expenses	(30,552,365)	(33,398,401)
Total operating expenses	(35,123,029)	(34,021,405)
Loss from operations	(34,156,056)	(34,212,203)
Other income (expense)
Interest income	84,116	116
Dividend income	2,442
Interest expense	(25,105)	(41,514)
Gain from early lease termination	2,166	2,454
Loss on disposal of fixed assets	(19,964)
Other income	101,010	5,906
Total other income (expense)	144,665	(641,401)
Loss before income taxes	(34,011,391)	(34,853,604)
Loss on settlement of litigation		(550,000)
Warrant modification expense		(58,363)
Intangible assets, net	7,458,089	4,000,000
Identifiable assets	32,698,742	35,176,357
Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total revenue	150,999
Total cost of revenue	146,612
Total cost of revenue	(146,612)
Gross income (loss)	4,387
Operating Expenses
Sales and marketing expenses	(23,468)
Software development costs
Impairment loss
Depreciation	(6,603)
Amortization
General and administrative expenses	(262,359)
Total operating expenses	(292,430)
Loss from operations	(288,043)
Other income (expense)
Interest income	25
Dividend income	2,442
Interest expense
Gain from early lease termination
Loss on disposal of fixed assets
Other income	2,804
Total other income (expense)	5,271
Loss before income taxes	(282,772)
Loss on settlement of litigation
Warrant modification expense
Intangible assets, net	378,170
Identifiable assets	345,017
Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue	2,593,674
Total cost of revenue	2,227,413
Total cost of revenue	(2,227,413)
Gross income (loss)	366,261
Operating Expenses
Sales and marketing expenses	(27,134)
Software development costs
Impairment loss
Depreciation	(1,288)
Amortization
General and administrative expenses	(483,395)
Total operating expenses	(511,817)
Loss from operations	(145,556)
Other income (expense)
Interest income	38
Dividend income
Interest expense	(4,647)
Gain from early lease termination
Other income
Total other income (expense)
Loss before income taxes
Loss on settlement of litigation
Warrant modification expense
Intangible assets, net
Identifiable assets	1,507,771
Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue	724,991
Total cost of revenue	94,048
Total cost of revenue	(94,048)
Gross income (loss)	630,943
Operating Expenses
Sales and marketing expenses	(144,236)
Software development costs
Impairment loss
Depreciation	(39,965)
Amortization
General and administrative expenses	(624,090)
Total operating expenses	(808,291)
Loss from operations	(177,348)
Other income (expense)
Interest income	1,158
Dividend income
Interest expense
Gain from early lease termination
Other income
Total other income (expense)
Loss before income taxes
Loss on settlement of litigation
Warrant modification expense
Intangible assets, net	89,808
Identifiable assets	3,190,380
E Commerce [Member]
Revenue from External Customer [Line Items]
Total revenue	2,118,191	482,002
Total cost of revenue	2,165,980	661,690
Total cost of revenue	(2,165,980)	(661,690)
Gross income (loss)	(47,789)	(179,688)
Operating Expenses
Sales and marketing expenses	(793,582)	(318,697)
Software development costs
Impairment loss		(200,000)
Depreciation	(3,625)
Amortization
General and administrative expenses	(1,345,954)	(203,203)
Total operating expenses	(2,143,161)	(721,900)
Loss from operations	(2,190,950)	(901,588)
Other income (expense)
Interest income	728	103
Dividend income
Interest expense
Gain from early lease termination
Other income		2,135
Total other income (expense)		2,238
Loss before income taxes		(899,350)
Loss on settlement of litigation
Warrant modification expense
Intangible assets, net
Identifiable assets	2,164,386	9,638,035
Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total revenue	23,747
Total cost of revenue	10,134
Total cost of revenue	(10,134)
Gross income (loss)	13,613
Operating Expenses
Sales and marketing expenses	(9,364)
Software development costs
Impairment loss
Depreciation	(8,803)
Amortization
General and administrative expenses	(236,424)
Total operating expenses	(254,591)
Loss from operations	(240,978)
Other income (expense)
Interest income
Dividend income
Interest expense	(12,688)
Gain from early lease termination
Loss on disposal of fixed assets
Other income	7,867
Total other income (expense)	(4,821)
Loss before income taxes	(245,799)
Loss on settlement of litigation
Warrant modification expense
Intangible assets, net	948,457
Identifiable assets	81,924
Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total revenue	23,951	37,883
Total cost of revenue	24,393	48,993
Total cost of revenue	(24,393)	(48,993)
Gross income (loss)	(442)	(11,110)
Operating Expenses
Sales and marketing expenses		(8,498)
Software development costs	(72,999)	(95,809)
Impairment loss	(3,499,881)
Depreciation	(47,548)	(10,448)
Amortization	(3,200,000)	(3,200,000)
General and administrative expenses	(24,292,311)	(29,984,750)
Total operating expenses	(31,112,739)	(33,299,505)
Loss from operations	(3,111,318)	(33,310,615)
Other income (expense)
Interest income	82,167	13
Dividend income
Interest expense	(7,770)	(41,514)
Gain from early lease termination	2,166	2,454
Loss on disposal of fixed assets	(19,964)
Other income	(463,288)	3,771
Total other income (expense)	(406,689)	(643,639)
Loss before income taxes	(31,519,870)	(33,954,254)
Loss on settlement of litigation		(550,000)
Warrant modification expense		(58,363)
Intangible assets, net	6,041,654	4,000,000
Identifiable assets	17,951,175	21,538,322
Total [Member]
Revenue from External Customer [Line Items]
Total revenue	5,635,553	519,885
Total cost of revenue	4,668,580	710,683
Total cost of revenue	(4,668,580)	(710,683)
Gross income (loss)	966,973	(190,798)
Operating Expenses
Sales and marketing expenses	(997,784)	(327,195)
Software development costs	(72,999)	(95,809)
Impairment loss	(3,499,881)	(200,000)
Depreciation	(107,832)	(10,448)
Amortization	(3,200,000)	(3,200,000)
General and administrative expenses	(27,244,533)	(30,187,953)
Total operating expenses	(35,123,029)	(34,021,405)
Loss from operations	(34,156,056)	(34,212,203)
Other income (expense)
Interest income	84,116	116
Dividend income	2,442
Interest expense	(25,105)	(41,514)
Gain from early lease termination	2,166	2,454
Loss on disposal of fixed assets	(19,964)
Other income	101,010	5,906
Total other income (expense)	144,665	(641,401)
Loss before income taxes	(34,011,391)	(34,853,604)
Loss on settlement of litigation		(550,000)
Warrant modification expense		(58,363)
Intangible assets, net	7,458,089	4,000,000
Identifiable assets	25,240,653	31,176,357
Sale Online Ordering [Member]
Revenue from External Customer [Line Items]
Total revenue	2,269,190	482,002
Total cost of revenue	1,961,203	407,662
Total cost of revenue	(1,961,203)	(407,662)
Sale Online Ordering [Member] | Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total revenue	150,999
Total cost of revenue
Total cost of revenue
Sale Online Ordering [Member] | Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sale Online Ordering [Member] | Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sale Online Ordering [Member] | E Commerce [Member]
Revenue from External Customer [Line Items]
Total revenue	2,118,191	482,002
Total cost of revenue	1,961,203	407,662
Total cost of revenue	(1,961,203)	(407,662)
Sale Online Ordering [Member] | Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Online Ordering [Member]
Revenue from External Customer [Line Items]
Total revenue	2,269,190	482,002
Total cost of revenue	2,107,815	407,662
Total cost of revenue	(2,107,815)	(407,662)
Sales Online Ordering [Member] | Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue	2,593,674
Total cost of revenue	2,227,413
Total cost of revenue	(2,227,413)
Sales Digital Marketing [Member] | Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Digital Marketing [Member] | Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue	2,593,674
Total cost of revenue	2,227,413
Total cost of revenue	(2,227,413)
Sales Digital Marketing [Member] | Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Digital Marketing [Member] | E Commerce [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Digital Marketing [Member] | Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Digital Marketing [Member] | Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue	724,991
Total cost of revenue	94,048
Total cost of revenue	(94,048)
Sales Online Ticketing And Reservation [Member] | Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Online Ticketing And Reservation [Member] | Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Online Ticketing And Reservation [Member] | Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue	724,991
Total cost of revenue	94,048
Total cost of revenue	(94,048)
Sales Online Ticketing And Reservation [Member] | E Commerce [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Online Ticketing And Reservation [Member] | Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Online Ticketing And Reservation [Member] | Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Data [Member]
Revenue from External Customer [Line Items]
Total revenue	23,747
Total cost of revenue	10,134
Total cost of revenue	(10,134)
Sales Data [Member] | Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Data [Member] | Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Data [Member] | Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Data [Member] | E Commerce [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Sales Data [Member] | Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total revenue	23,747
Total cost of revenue	10,134
Total cost of revenue	(10,134)
Sales Data [Member] | Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Software Development [Member]
Revenue from External Customer [Line Items]
Total revenue	23,801	37,481
Total cost of revenue	229,059	302,813
Total cost of revenue	(229,059)	(302,813)
Software Development [Member] | Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Software Development [Member] | Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Software Development [Member] | Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Software Development [Member] | E Commerce [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue	204,777	254,028
Total cost of revenue	(204,777)	(254,028)
Software Development [Member] | Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Software Development [Member] | Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total revenue	23,801	37,481
Total cost of revenue	24,282	48,785
Total cost of revenue	(24,282)	(48,785)
Hardware [Member]
Revenue from External Customer [Line Items]
Total revenue	150	402
Total cost of revenue	111	208
Total cost of revenue	(111)	(208)
Hardware [Member] | Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Hardware [Member] | Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Hardware [Member] | Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Hardware [Member] | E Commerce [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Hardware [Member] | Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total revenue
Total cost of revenue
Total cost of revenue
Hardware [Member] | Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total revenue	150	402
Total cost of revenue	111	208
Total cost of revenue	(111)	$ (208)
Sales Of Online Platform [Member]
Revenue from External Customer [Line Items]
Total cost of revenue	146,612
Total cost of revenue	(146,612)
Sales Of Online Platform [Member] | Online F B And Grocery Deliveries [Member]
Revenue from External Customer [Line Items]
Total cost of revenue	146,612
Total cost of revenue	(146,612)
Sales Of Online Platform [Member] | Digital Marketing [Member]
Revenue from External Customer [Line Items]
Total cost of revenue
Total cost of revenue
Sales Of Online Platform [Member] | Online Ticketing And Reservation [Member]
Revenue from External Customer [Line Items]
Total cost of revenue
Total cost of revenue
Sales Of Online Platform [Member] | E Commerce [Member]
Revenue from External Customer [Line Items]
Total cost of revenue
Total cost of revenue
Sales Of Online Platform [Member] | Telecommunication Reseller [Member]
Revenue from External Customer [Line Items]
Total cost of revenue
Total cost of revenue
Sales Of Online Platform [Member] | Merchant P O S [Member]
Revenue from External Customer [Line Items]
Total cost of revenue
Total cost of revenue

SEGMENT REPORTING (Details 1)

SEGMENT REPORTING (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 5,635,553	$ 519,885
INDONESIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	443,147	34,830
VIET NAM
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	2,186,007	485,055
PHILIPPINES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	142,642
SINGAPORE
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	321,701
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	2,310,933
THAILAND
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	225,172
MALAYSIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	4,242
HONG KONG
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,709

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) - Acquisition Of New Retail [Member]	12 Months Ended
	Dec. 31, 2022 USD ($)
Fair value of stock at closing	$ 800,000
Cash paid	200,000
Less cash received	(5,445)
Purchase price	$ 994,555

BUSINESS COMBINATION (Details 1

BUSINESS COMBINATION (Details 1) - Acquisition Of New Retail [Member]	Dec. 31, 2022 USD ($)
Acquired assets:
Trade receivables	$ 4,728
Other receivables	9,603
Property and equipment	204
Total acquired assets	14,535
Less: Assumed liabilities
Trade payables	2,804
Accrued liabilities and other payable	279
Deferred tax liabilities	69,000
Total Assumed liabilities	72,083
Foreign exchange difference	2,897
Fair value of net liabilities assumed	(60,445)
Fair value of identifiable assets	276,000
Goodwill recorded	779,000
Cash consideration allocated	$ 994,555

BUSINESS COMBINATION (Details 2

BUSINESS COMBINATION (Details 2) - Acquisition Of New Retail [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 3,130,055	$ 172,753
Net loss	$ (24,264,245)	$ (15,550,759)
Net loss per share	$ (0.93)	$ (1.60)

BUSINESS COMBINATION (Details 3

BUSINESS COMBINATION (Details 3) - Acquisition Of Dream Space [Member]	12 Months Ended
	Dec. 31, 2022 USD ($)
Cash paid	$ 104
Less cash received
Purchase price	$ 104

BUSINESS COMBINATION (Details 4

BUSINESS COMBINATION (Details 4) - Acquisition Of Dream Space [Member]	Dec. 31, 2022 USD ($)
Acquired assets:
Trade receivables	$ 1,168
Other receivables	5
Cash	1,429
Total acquired assets	2,602
Less: Assumed liabilities
Trade payables	1,228
Accrued liabilities and other payable	2,577
Total Assumed liabilities	3,805
Fair value of net liabilities assumed	(1,203)
Goodwill recorded	1,307
Cash consideration allocated	$ 104

BUSINESS COMBINATION (Details 5

BUSINESS COMBINATION (Details 5) - Acquisition Of Dream Space [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 2,907,816	$ 117,317
Net loss	$ (24,263,564)	$ (15,528,953)
Net loss per share	$ (0.93)	$ (1.60)

BUSINESS COMBINATION (Details 6

BUSINESS COMBINATION (Details 6) - Acquisition Of Gorilla [Member]	12 Months Ended
	Dec. 31, 2022 USD ($)
Fair value of stock at closing	$ 268,873
Less: cash received	(25,583)
Purchase price	$ 243,290

BUSINESS COMBINATION (Details 7

BUSINESS COMBINATION (Details 7) - Acquisition Of Gorilla [Member]	Dec. 31, 2022 USD ($)
Acquired assets:
Inventories	$ 4,348
Trade receivables	3,273
Other receivables	58,029
Property and equipment	8,876
Intangible asset	792,130
Total acquired assets	866,656
Less: Assumed liabilities
Trade payables	534,907
Accrued liabilities and other payable	121,450
Amount due to related parties	73
Amount due to shareholder	74,697
Total acquired Liabilities	731,127
Fair value of net assets assumed	135,529
Goodwill recorded	107,761
Net consideration allocated, net	$ 243,290

BUSINESS COMBINATION (Details 8

BUSINESS COMBINATION (Details 8) - Acquisition Of Gorilla [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 3,035,843	$ 100,823
Net loss	$ (27,178,107)	$ (15,551,764)
Net loss per share	$ (1.04)	$ (1.60)

BUSINESS COMBINATION (Details 9

BUSINESS COMBINATION (Details 9) - Acquisition Of T M G [Member]	12 Months Ended
	Dec. 31, 2022 USD ($)
Fair value of stock at closing	$ 2,102,389
Less: cash received	(29,877)
Purchase price	$ 2,072,512

BUSINESS COMBINATION (Details_2

BUSINESS COMBINATION (Details 10) - Acquisition Of T M G [Member]	Dec. 31, 2022 USD ($)
Acquired assets:
Trade receivables	$ 416,061
Deposit and prepayment	92,556
Property and equipment	2,697
Identifiable intangible assets	1,659,000
Other receivable	700,000
Right of use assets	30,370
Cash	29,877
Total acquired assets	2,930,561
Less: Assumed liabilities
Trade payables	483,424
Accrued liabilities and other payable	141,540
Amount due to related parties	160,050
Loan	160,941
Lease liabilities	30,725
Total acquired Liabilities	976,680
Fair value of net assets assumed	1,953,881
Goodwill recorded	118,631
Cash consideration allocated, net	$ 2,072,512

BUSINESS COMBINATION (Details_3

BUSINESS COMBINATION (Details 11) - Acquisition Of T M G [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 5,933,816	$ 862,191
Net loss	$ (24,317,563)	$ (15,787,338)
Net loss per share	$ (0.93)	$ (1.62)

BUSINESS COMBINATION (Details_4

BUSINESS COMBINATION (Details 12) - Acquisition Of Nusatrip [Member] - USD ($)		12 Months Ended
	Aug. 15, 2022	Dec. 31, 2022
Fair value of stock at closing		$ 2,194,456
Less: cash received		(1,574,456)
Purchase price	$ 620,000	$ 620,000

BUSINESS COMBINATION (Details_5

BUSINESS COMBINATION (Details 13) - Acquisition Of Nusatrip [Member]	Dec. 31, 2022 USD ($)
Acquired assets:
Trade receivables	$ 643,627
Other receivables	1,272,617
Property and equipment	172,024
Identifiable intangible assets	3,306,654
Amount due from related parties	941,915
Amount due from shareholder	17,742
Cash	1,574,456
Total acquired assets	7,929,035
Less: Assumed liabilities
Trade payables	875,744
Accrued liabilities and other payable	6,828,185
Contract liabilities	450,000
Amount due to related parties	1,649,514
Amount due to shareholder	81
Total acquired Liabilities	9,803,524
Fair value of net assets assumed	(1,874,489)
Goodwill recorded	2,494,489
Cash consideration allocated, net	$ 620,000

BUSINESS COMBINATION (Details_6

BUSINESS COMBINATION (Details 14) - Acquisition Of Nusatrip [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 3,141,713	$ 781,999
Net loss	$ (24,732,797)	$ (17,556,074)
Net loss per share	$ (0.95)	$ (1.81)

BUSINESS COMBINATION (Details N

BUSINESS COMBINATION (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Aug. 15, 2022	Jul. 07, 2022	Feb. 14, 2022	Dec. 31, 2022
Acquisition percentage	75%	99.75%	100%
Consideration			$ 994,555	$ 2,124,999
Number of shares			226,629
Share issued, value				26,000,001
Goodwill impairment				779,000
New Retail [Member]
Share issued, value				800,000
Aggregate value				200,000
Acquisition Of New Retail [Member]
Goodwill				779,000
Purchase price				994,555
Dream Space [Member]
Share issued, value				2,300,000
Aggregate value				104
Acquisition Of Dream Space [Member]
Goodwill				1,307
Purchase price				104
Acquisition Of Gorilla [Member]
Share issued, value				268,873
Goodwill				107,761
Goodwill impairment				107,761
Assumed liabilities				731,127
Purchase price				243,290
Acquisition Of T M G [Member]
Goodwill				118,631
Goodwill impairment				118,631
Number of shares issued		609,327
Number of shares issued value		$ 1,300,000
Expiration date		Jul. 07, 2023
Purchase of shares		203,109
Exercise price		$ 2.1335
Assumption of liabilities		$ 700,000
Principle balance		$ 300,000
Purchase price				2,072,512
S O P A Technology [Member]
Acquisition percentage	99.96%
P T Tunas Sues Mandiri [Member]
Acquisition percentage	0.04%
Acquisition Of Nusatrip [Member]
Goodwill				2,494,489
Purchase price	$ 620,000			$ 620,000

DEPOSITS, PREPAYMENTS AND OTHER

DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES (Details) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Deposits		$ 921,429	$ 68,991
Prepayments		573,513	32,279
Prepayments for consultancy fee (a)	[1]	858,665	6,010,667
Prepayments for first insurance funding (b)			742,500
Value added tax		140,053	96,818
Interest receivable		12,763
Other receivables		204,619	1,666
Total		2,711,042	6,952,921
Prepayments for consultancy fee			(858,667)
Current portion		2,711,042	6,094,254
Consideration service, amount		3,250,000	3,190,000
Consulting expense		5,152,002	429,333
Insurance prepayment		0	742,500
Amortization of prepaid insurance expense		742,500	146,453
China America Culture Media Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Consideration service, amount		433,332	3,033,334
New Continental Technology Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Consideration service, amount		$ 425,333	$ 2,977,333
[1]On December 6, 2021, the Company entered into two consulting agreements with China-America Culture Media Inc. and New Continental Technology Inc., acting as consultant to assist the Company in completing certain Business Opportunities with potential partners until February 28, 2023. The considerations of the services are $ 3,250,000 3,190,000 433,332 3,033,334 425,333 2,977,333 5,152,002 429,333

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 310,932	$ 221,068
Reserve for excess and obsolete inventory
Total Inventories	$ 310,932	$ 221,068

INVENTORIES (Details Narrative)

INVENTORIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Cost of goods sold	$ 2,107,815	$ 407,662
Inventories	$ 310,932	$ 221,068

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 15,156,894	$ 8,001,725
Less: accumulated amortization	(7,698,805)	(4,001,725)
Intangible assets, net	$ 7,458,089	4,000,000
Software Platform [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	2 years 6 months
Intangible assets, gross	$ 8,000,000	8,000,000
Software and Software Development Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	948,457
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	586,888
Software System [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	378,170
Intellectual Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	276,000
Customers And Business Partner Relationship [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	4,965,654
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 1,725	$ 1,725
Other Intangible Assets [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	3 years
Other Intangible Assets [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life	5 years

INTANGIBLE ASSETS (Details 1)

INTANGIBLE ASSETS (Details 1)	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining period)	$ 800,000

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)		12 Months Ended
	Oct. 01, 2021	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Preferred Stock, Shares Subscribed but Unissued		8,000
Stated value		$ 1,000
Stock Issued	$ 3,750,000	$ 3,854,908
Amortization of Intangible Assets		3,200,000	$ 3,200,000
Finite-Lived Intangible Assets, Gross		15,156,894	8,001,725
Software And Software Development Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		$ 948,457	$ 0
Series A Convertible Preferred Stock [Member]
Finite-Lived Intangible Assets [Line Items]
Preferred Stock, Shares Subscribed but Unissued		8,000
Stated value		$ 1,000
Series A Preferred Stock [Member]
Finite-Lived Intangible Assets [Line Items]
Stock Issued		$ 8,000,000

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 988,413	$ 77,764
Less: accumulated depreciation	(282,015)	(21,743)
Less: exchange difference		1,014
Property, Plant and Equipment, Net	706,038	57,035
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	600,629	33,207
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	54,683	16,826
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	10,702
Renovation [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 322,399	$ 27,731

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 107,832	$ 10,448

ASSET PURCHASE AGREEMENT (Detai

ASSET PURCHASE AGREEMENT (Details)	Dec. 31, 2022 USD ($)
Asset Purchase Agreement
Intellectual property	$ 200,000
Less: Assumed liabilities
Accrued liabilities and other payable
Fair value of net assets acquired	200,000
Impairment loss recorded	(200,000)
Net asset value

ASSET PURCHASE AGREEMENT (Det_2

ASSET PURCHASE AGREEMENT (Details 1)	12 Months Ended
	Dec. 31, 2022
Asset Purchase Agreement
Noncontrolling interest percentage	5%
Transfer (to) from the non-controlling interest as a result of Leflair Purchase Agreement	0%
Parent Co. acquired/exchanged the non controlling interest holding with their shares	0%
Noncontrolling interest percentage	5%

ASSET PURCHASE AGREEMENT (Det_3

ASSET PURCHASE AGREEMENT (Details 2)	12 Months Ended
	Dec. 31, 2022 USD ($)
Asset Purchase Agreement
Non Controlling Interest Beginning Balance	$ (102,784)
Acquisition cost
Net loss attributable to non-controlling interest	(228,915)
Foreign currency translation adjustment	(4,816)
Non Controlling Interest Ending Balance	$ (336,515)

ASSET PURCHASE AGREEMENT (Det_4

ASSET PURCHASE AGREEMENT (Details 3)	12 Months Ended
	Dec. 31, 2022 USD ($)
Asset Purchase Agreement
Net loss generated by SoPa Technology Pte Ltd	$ (5,730,073)
Noncontrolling Interest, Ownership Percentage by Parent	5%
Net loss attributable to non-controlling interest	$ (281,920)
Foreign currency translation adjustment	(4,385)
Non Controlling Interest	$ (286,305)

ASSET PURCHASE AGREEMENT (Det_5

ASSET PURCHASE AGREEMENT (Details Narrative) - USD ($)			12 Months Ended
	Oct. 01, 2021	Jun. 06, 2019	Dec. 31, 2022	Dec. 31, 2021	Apr. 16, 2021
Cash payable					$ 200,000
Common Stock, Shares, Issued			27,082,849	19,732,406
Impairment loss				$ 200,000
Interest percentage		15%
Stock amount	$ 3,750,000		$ 3,854,908
Price per share	$ 9
Exchange of shares			277,409
Noncontrolling interest			$ 336,515	$ 102,784
S O P A Technology Pte Ltd [Member]
Non controlling interest percentage			5%
Noncontrolling interest			$ 281,920
SoPa Pte Ltd [Member]
Common Stock, Shares, Issued					1,500

AMOUNTS DUE TO RELATED PARTIE_2

AMOUNTS DUE TO RELATED PARTIES (Details) - USD ($)		9 Months Ended	12 Months Ended
	Oct. 01, 2021	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Due to Related Parties			$ 22,311	$ 524,763
Due to Related Parties, Current			$ 22,311	$ 524,763
Unpaid compensation		$ 960,833
Debt Instrument, Convertible, Conversion Price				$ 0.83
Conversion of Stock, Shares Converted			1,157,630
Stock Issued	$ 3,750,000		$ 3,854,908
Additional compensation expenses			2,894,075
Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Due to Related Parties			22,311	$ 24,763
Debt Instrument, Decrease, Forgiveness			72,176
Due to Related Parties, Current			22,311	24,763
Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Due to Related Parties				500,000
Due to Related Parties, Current			$ 0	$ 500,000

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accounts payable	$ 1,296,571	$ 261,907
Accrued liabilities and other payables- Related Party (a)	43,360	60,253
Accrued liabilities and other payables (b)	8,281,865	753,345
Other Accounts payable	8,325,225	813,598
Total Accounts payable	$ 9,621,796	$ 1,075,505

ACCOUNTS PAYABLE AND ACCRUED _4

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details 1) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued payroll	$ 1,023,549	$ 85,888
Accrued VAT expenses	6,801	62,044
Accrued taxes	1,653,284	62,272
Customer deposit	1,155,695
Customer refund	1,146,409
Other payables (c)	994,213	245,000
Other accrual (d)	2,301,914	298,141
Total Accrued liabilities	$ 8,281,865	$ 753,345

ACCOUNTS PAYABLE AND ACCRUED _5

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details Narrative) - USD ($)	Dec. 31, 2022	May 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Accounts payable	$ 1,296,571		$ 261,907
[custom:AccruedContingency1-0]	75,000
Gorilla Business [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable		$ 532,752
Related Party 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Unpaid salaries	$ 3,360		$ 6,818

LEASES (Details)

LEASES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease expense (per ASC 842)	$ 342,515	$ 40,172
Short-term lease expense (other than ASC 842)	10,714
Total lease expense	$ 353,230	$ 40,172

LEASES (Details 1)

LEASES (Details 1) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 534,702
2024	427,698
2025	286,651
2026	253,883
2027	200,519
Total	1,703,453
Less: interest	(162,389)
Present value of lease liabilities	1,541,064	$ 629,130
Less: non-current portion	(1,073,126)	$ (411,053)
Present value of lease liabilities – current liability	$ 467,938

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Lessee, Operating Lease, Discount Rate	5.44%
Operating Lease, Weighted Average Remaining Lease Term	3 years 9 months 29 days
Capital Lease Obligations	$ 1,762,350
Operating Lease, Right-of-Use Asset	1,537,670	$ 627,968
Operating Lease, Liability	$ 1,541,064	$ 629,130

DUE TO FIRST INSURANCE FUNDING

DUE TO FIRST INSURANCE FUNDING (Details Narrative) - USD ($)		12 Months Ended
	Oct. 07, 2021	Dec. 31, 2022	Dec. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Federal Deposit Insurance Corporation Premium Expense	$ 990,000
Insurance Funding Percentage	75%
Payment to Acquire Life Insurance Policy, Investing Activities	$ 990,000
Insurance funding Description	The Company paid the down-payment of $247,500 (25%) and remaining balance $742,500 (75%) to be repaid by 10 installments until August 7, 2022.
Outstanding loan		$ 28,164
Due to first insurance funding		0	596,047
Amortization of Debt Discount (Premium)		7,770	5,023
Repayments of Other Debt		373,653	151,476
Balance outstanding amount		0	$ 596,047
Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Outstanding loan		$ 0

LOAN (Details)

LOAN (Details) - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Loan		$ 28,164
Loan A [Member]
Debt Instrument [Line Items]
Loan	[1]	$ 28,164
[1]On August 17, 2021, the newly acquired subsidiary, Gorilla Networks Pte. Ltd., received a loan from a bank of SGD 50,000, approximately $ 35,937 60 August 31, 2026 4.75 4,042 0

LOAN (Details Narrative)

LOAN (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 17, 2021	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Loan		$ 28,164	$ 0
Interest expense		25,105	41,514
S G D 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Loan	$ 35,937
Loan term	60 months
Maturity date	Aug. 31, 2026
Interest rate	4.75%
Interest expense		$ 4,042	$ 0

SHAREHOLDERS' DEFICIT (Details)

SHAREHOLDERS' DEFICIT (Details) - Warrant [Member] - $ / shares		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants Beginning balance		148,305		2,047	[1]
Weighted average exercise price Beginning balance		$ 20.57		$ 420	[1]
Weighted average remaining contractual life (in years) Beginning balance	[1]			7 months 6 days
Warrants Issued		3,728,784	[2]	2,120	[3]
Weighted average exercise price Issued		$ 3.28	[2]	$ 420	[3]
Weighted average remaining contractual life (in years) Issued	[3]	2 years 11 months 1 day		6 months
Warrants Issued	[1]			144,445
Weighted average exercise price Issued one	[1]			$ 9.90
Weighted average remaining contractual life (in years) Issued one	[3]			5 years
Warrants Exercised		(79,601)		(307)
Weighted average exercise price Exercised		$ 3.28		$ 420
Weighted average remaining contractual life (in years) Beginning balance	[3]	4 years 10 months 17 days
Weighted average remaining contractual life (in years) Exercised	[3]			6 months
Warrants Expired		(3,560)
Expired		$ 420
Warrants Ending balance		3,793,928		148,305
Weighted average exercise price Ending balance		$ 3.565		$ 20.57
Weighted average remaining contractual life (in years) Ending balance		3 years 18 days
[1] Common stock will be issued upon exercise of the 144,445 warrants having intrinsic value of $0 and $73,667 as of December 31, 2022 and 2021, respectively. Common stock will be issued upon warrants exercise of the 3,728,784 warrants having no intrinsic value as of December 31, 2022. Series C-1 Preferred Stock will be issued upon the exercise of the warrants. The Series C-1 Preferred Stock was automatically converted into 0 and 1,158,000 shares of common stock with the intrinsic value of $0 and $10,433,580 as of December 31, 2022 and 2021, respectively.

SHAREHOLDERS' DEFICIT (Details

SHAREHOLDERS' DEFICIT (Details 1)	12 Months Ended
	Dec. 31, 2022 $ / shares
Before Modification [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Dividend rate	0%
Risk-free rate	0.06%
Weighted average expected life (years)	9 months
Expected volatility	25%
Exercise price	$ 1.4
After Modification [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Dividend rate	0%
Risk-free rate	0.12%
Weighted average expected life (years)	18 months
Expected volatility	25%
Exercise price	$ 1.4

SHAREHOLDERS' DEFICIT (Detail_2

SHAREHOLDERS' DEFICIT (Details 2) - Equity Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Offsetting Assets [Line Items]
Warrants Beginning balance	1,945,270	0
Weighted average exercise price Beginning balance	$ 6.49	$ 0
Share option Granted	0	1,945,270
Weighted average exercise price granted	$ 0	$ 6.49
Weighted average remaining contractual life (in years), granted		10 years
Shares option Exercised	0	0
Weighted average exercise price Exercised	$ 0	$ 0
Shares option Expired	0	0
Weighted average exercise price Expired	$ 0	$ 0
Weighted average remaining contractual life (in years)	9 years 3 months	10 years
Warrants Ending balance	1,945,270	1,945,270
Weighted average exercise price Ending balance	$ 6.49	$ 6.49

SHAREHOLDERS' DEFICIT (Detail_3

SHAREHOLDERS' DEFICIT (Details 3) - Equity Option [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares
Offsetting Assets [Line Items]
Preferred Stock, Dividend Rate, Percentage	0%
Risk-free rate	1.52%
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	130%
Share price	$ 6.49

SHAREHOLDERS' DEFICIT (Detail_4

SHAREHOLDERS' DEFICIT (Details 4) - Directors Stock Awards [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants Beginning balance	651,960	0
Weighted average exercise price Beginning balance	$ 7.65	$ 0
Share awards Granted	0	814,950
Weighted average grant date fair value per share granted		$ 7.65
Weighted average remaining contractual life (in years), issued		2 years
Share awards Exercised	(325,980)	(162,990)
Weighted average grant date fair value per share Exercised	$ 7.65	$ 7.65
Share awards Expired	0
Cancelled	$ 0	$ 0
Weighted average remaining contractual life (in years), issued		1 year 8 months 1 day
Warrants Ending balance	325,980	651,960
Weighted average exercise price Ending balance	$ 7.65	$ 7.65
Weighted average remaining contractual life (in years), issued		11 months 1 day
Share awards Unvested at period-end	325,980
Weighted average remaining contractual price	$ 7.65

SHAREHOLDERS' DEFICIT (Detail_5

SHAREHOLDERS' DEFICIT (Details 5)	12 Months Ended
	Dec. 31, 2022 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	325,980
2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	162,990
2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	162,990

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) - USD ($)			1 Months Ended				12 Months Ended
	Nov. 12, 2021	Nov. 08, 2021	Oct. 31, 2022	Jul. 31, 2022	May 31, 2022	Sep. 21, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 28, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Common Stock, Shares Authorized							95,000,000	95,000,000
Common Stock, Par or Stated Value Per Share							$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized							5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share							$ 0.0001	$ 0.0001
Common Stock, Shares, Issued							27,082,849	19,732,406
Common Stock, Shares, Outstanding							27,082,849	19,732,406
Stockholders' Equity, Reverse Stock Split						1 for 2.5
Common Stock Dividends, Shares		2,888,889
Public offering price per shares		$ 9
Option Indexed to Issuer's Equity, Shares	236,111
Firm Shares		$ 26,000,001
OptionShares		$ 2,124,999
Expenses							$ 2,677,846
IPO closings description							the closing of the IPO, all outstanding shares of preferred stock series A, B, B-1, C and C-1 were automatically converted into 888,889 shares, 764,400 shares, 48,000 shares, 465,600 shares and 4,195,200 shares of the Company’s common stock for the value of $8,000,000, $3,412,503, $466,720, $8,353,373 and $5,536,832, respectively.
Warrant Description							During the year ended December 31, 2022, a total of 70,791 warrants were exercised in exchange for 187,300 shares of common stock for the value of $412,890. During the year ended December 31, 2021, no warrants were exercised.	During the year ended December 31, 2021, a total of 69 warrants were exercised in exchange to 20,700 shares of its common stock for the value of $28,980.	In December 2020, a total of 838 warrants were exercised in exchange for 838 Series C-1 preferred stocks. (refer to note 17 for details).
Additional cost								$ 2,894,075
Shares issued for accrued bonus, shares								277,409
Cancelled shares								150,000
Interest rate								$ 28
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					$ 661,215
Accrued Liabilities							$ 255,000
Exercised options, shares			783,440
Exercised options share price			$ 1.58
Exercised options, value			$ 1,237,836				$ 1,237,836
Class of Warrant or Right, Expense or Revenue Recognized							Company issued 21,000 warrants to purchase 21,000 shares of its common stock to one employee as compensation for his services to the Company, at a fair value of $17,500. Each warrant is convertible into one share of common stock at an exercise price of $0.0001 per share. The warrants will expire on the second (2nd) anniversary of the initial date of issuance. As at December 31, 2019, none of the warrants have been exercised. 21,000 shares were fully exercised during the year ended December 31, 2020.
Redeemable warrant per share							$ 420
Debt Conversion, Converted Instrument, Warrants or Options Issued							1,880
Adjustments to Additional Paid in Capital, Warrant Issued							$ 0	58,363
Fair value of options vested							0	12,159,652
Aggregate intrinsic value							0	7,624,458
Amortization of stock compensation expense							$ 2,437,092	$ 2,805,025
Mangan P H Food Delivery Service Corp [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of shares issued				69,072
Number of value issued				$ 134,000
Share price				$ 1.94
Subsidiary [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Share issued				609,327			2,497	0		226,629
Employee Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Issuance of common stock shares							1,420,025	208,369
Issuance of common stock value							$ 5,973,074	$ 2,032,345
Shares issued for accrued bonus, value								$ 2,805,026
Cancelled shares								814,950
Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Share issued							79,023	8,556
Shares issued for accrued salaries, shares							197,339	1,157,630
Shares issued for accrued salaries, value							$ 355,219	$ 960,834
Shares issued for accrued bonus, shares								450,000
Shares issued for accrued bonus, value								$ 3,442,499
Staff [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Shares issued for accrued bonus, shares								9.300
Shares issued for accrued bonus, value								$ 71,145
Brugau Pte Ltd [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Common stock issued							13,273	5,700
Cory Bentley [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Agreement value							$ 119,457	$ 109,497
Board of Directors Chairman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Common stock issued							316,092	34,222
Agreement value							$ 899,996	$ 308,000
Employees Compensation [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Common stock issued							197,339	3,437
Agreement value							$ 355,219	$ 39,969
First Tranche [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of shares issued					40,604
Controlling interest					$ 2.05
Number of value issued					$ 1,000,000

PREFERRED STOCKS AND WARRANTS_2

PREFERRED STOCKS AND WARRANTS (Details) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Preferred stock, shares authorized	5,000,000	5,000,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares Stated Value	$ 1,000
Series B Preferred Stock [Member]
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares Stated Value	$ 1,336
Series B 1 Preferred Stock [Member]
Preferred stock, shares authorized	15,000	15,000
Preferred stock, shares Stated Value	$ 2,917
Series C Preferred Stock [Member]
Preferred stock, shares authorized	15,000	15,000
Preferred stock, shares Stated Value	$ 5,763
Series C 1 Preferred Stock [Member]
Preferred stock, shares authorized	30,000	30,000
Preferred stock, shares Stated Value	$ 420
Series X Super Voting Preferred Stock [Member]
Preferred stock, shares authorized	3,500
Preferred stock, shares Stated Value	$ 0.0001

PREFERRED STOCKS AND WARRANTS_3

PREFERRED STOCKS AND WARRANTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Preferred stock, shares issued	4,916,500	4,916,500
Preferred stock, shares outstanding	4,916,500	4,916,500
Shares issued for service, amount	$ 5,973,074	$ 3,513,644
Cash	$ 19,003,336
Series A Preferred Stock [Member]
Stock Issued During Period, Shares, Other	0	0
Preferred stock, shares issued	888,889
Shares issued for purchase asset, amount	$ 8,000,000
Shares price	$ 9
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Stock Issued During Period, Shares, Other	0	0
Preferred stock, shares issued	764,400
Shares issued for purchase asset, amount	$ 3,412,503
Shares price	$ 4.46
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B 1 Preferred Stock [Member]
Stock Issued During Period, Shares, Other	0	0
Preferred stock, shares issued	48,000
Shares issued for purchase asset, amount	$ 466,720
Shares price	$ 9.72		$ 2,917
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Number of shares issued, shares			40
Number of shares issuee, amount			$ 116,680
Series C Preferred Stock [Member]
Stock Issued During Period, Shares, Other	0	0
Preferred stock, shares issued	465,600
Shares issued for purchase asset, amount	$ 8,353,373
Shares price	$ 17.9
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Shares issued for service, shares		74
Shares issued for service, amount		$ 426,462
Series C Preferred Stock [Member] | Private Placement [Member]
Number of shares issued, shares		1,116
Number of shares issuee, amount		$ 6,431,508
Issuance cost		195,942
Cash		$ 460,361
Series C 1 Preferred Stock [Member]
Preferred stock, shares issued		4,195,200
Shares issued for purchase asset, amount		$ 5,536,832
Shares price		$ 1.21
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Shares issued for service, shares		1,142
Shares issued for service, amount		$ 479,640
Cash		$ 90,748
Series C 1 Preferred Stock [Member] | Director [Member]
Shares issued for service, shares		4,864
Shares issued for service, amount		$ 2,042,880
Series C 1 Preferred Stock [Member] | Private Placement [Member]
Number of shares issued, shares		6,235
Number of shares issuee, amount		$ 2,618,700
Issuance cost		$ 245,700
Series X Preferred Stock [Member]
Preferred stock, shares issued	3,500	3,500
Preferred stock, shares outstanding	3,500	3,500
Series X Super Voting Preferred Stock [Member]
Preferred stock, shares issued	3,500	3,500
Preferred stock, shares outstanding	3,500	3,500

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
- Local	$ 25,776,146	$ 32,901,996
- Foreign	8,235,245	1,951,608
Loss before income taxes	$ 34,011,391	$ 34,853,604

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income tax expense	$ 3,631	$ 11,136
UNITED STATES
Income tax expense Current	0	0
Income tax expense Deferred	0	0
Income tax expense	3,631
SINGAPORE
Income tax expense Current	0	0
Income tax expense Deferred	0	0
VIET NAM
Income tax expense Current	0
Income tax expense Deferred	0	0
INDIA
Income tax expense Current	3,631	11,136
Income tax expense Deferred	$ 0	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total Income Tax Expense	$ 3,631	$ 11,136
UNITED STATES
Expected tax at statutory rates	$ (7,142,392)	$ (6,090,419)
Percentage of Expected tax at statutory rates	21%	21%
Nondeductible expenses	$ 733,498	$ 6,979
Percentage of Nondeductible expenses	(2.16%)	(0.02%)
State income tax, net of federal benefit	$ (10,506)
Percentage of State income tax, net of federal benefit	(0.12%)
Foreign taxes at rate different than US taxes	$ 207,300
Percentage of Foreign taxes at rate different than US taxes	(0.61%)
Current year change in valuation allowance	$ 6,030,898	$ 5,718,337
Percentage of Current year change in valuation allowance	(17.59%)	(17.00%)
Prior deferred true up	$ 184,833	$ 1,184,103
Percentage of Prior deferred true up	(0.54%)	(4.00%)
Total Income Tax Expense	$ 3,631
percentage of Total Income Tax Expense	(0.01%)

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
ROU net liability	$ 248
Deferred tax assets Net operating loss carryforwards	14,503,793	$ 8,423,633
Less: valuation allowance	(14,503,793)	(8,423,633)
Deferred tax assets, net	0	0
UNITED STATES
Deferred tax assets Software intangibles	261,555	150,465
Deferred Stock Compensation	7,539,329	5,864,670
Deferred tax assets Net operating loss carryforwards	4,791,994	1,875,143
SINGAPORE
Deferred tax assets Net operating loss carryforwards	975,690	272,937
VIET NAM
Deferred tax assets Net operating loss carryforwards	563,376	260,418
INDIA
Deferred tax assets Net operating loss carryforwards	0	0
PHILIPPINES
Deferred tax assets Net operating loss carryforwards	144,211	0
INDONESIA
Deferred tax assets Net operating loss carryforwards	85,450	0
THAILAND
Deferred tax assets Net operating loss carryforwards	139,940	0
MALAYSIA
Deferred tax assets Net operating loss carryforwards		$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Unrecognized Tax Benefits	$ 0	$ 0
Income tax expense penalties	0	$ 0
UNITED STATES
Operating Loss Carryforwards	$ 22,633,994
Effective Income Tax Rate Reconciliation, Percent	(0.01%)
CANADA
Operating Loss Carryforwards	$ 556,383
SINGAPORE
Operating Loss Carryforwards	5,585,257
Deferred Tax Assets, Net of Valuation Allowance	975,690
VIET NAM
Operating Loss Carryforwards	2,826,880
Deferred Tax Assets, Net of Valuation Allowance	$ 565,376
Effective Income Tax Rate Reconciliation, Percent	20%
INDIA
Operating Loss Carryforwards	$ 14,500
Deferred Tax Assets, Net of Valuation Allowance	$ 3,625
Effective Income Tax Rate Reconciliation, Percent	25%
INDONESIA
Operating Loss Carryforwards	$ 388,409
Deferred Tax Assets, Net of Valuation Allowance	85,450
PHILIPPINES
Operating Loss Carryforwards	576,843
Deferred Tax Assets, Net of Valuation Allowance	144,211
THAILAND
Operating Loss Carryforwards	699,701
Deferred Tax Assets, Net of Valuation Allowance	139,940
MALAYSIA
Operating Loss Carryforwards	7,034
Deferred Tax Assets, Net of Valuation Allowance	$ 1,688

PENSION COSTS (Details Narrativ

PENSION COSTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Pension Cost (Reversal of Cost)	$ 150,217	$ 15,140

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		1 Months Ended	12 Months Ended
	Dec. 08, 2021	Oct. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2021
Related Party Transaction [Line Items]
Number of stock option shares issued		783,440
Intercompany description			Company approved the conversion of inter-company loan of $1,249,999 due and owing by SOPA Technology Pte. Ltd. (“STPL”), by exchange of 8,500 shares of STPL which represents 85% of the total issued and paid-up capital of STPL on a fully diluted basis.
Related party agreements amounts			$ 75,000
Cash consideration			$ 558,000
Conversion price				$ 0.83
Conversion of shares			1,157,630
Mr Nguyen [Member]
Related Party Transaction [Line Items]
Unpaid accrued amount					$ 960,833
Conversion price					$ 0.83
John Mackay [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Value, New Issues			$ 224,999	$ 77,000
Mr Dennis [Member]
Related Party Transaction [Line Items]
Exercise price	$ 6.49
Mr Dennis [Member] | Equity Option [Member]
Related Party Transaction [Line Items]
Purchase of shares	1,945,270
Shareholder Service [Member]
Related Party Transaction [Line Items]
Professional fee paid			2,808,065	0
Accrued professional fee			41,000	0
Consultancy Service [Member] | Series C 1 Preferred Stock [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Value, New Issues				$ 1,811,880
Purchase of shares				4,314
Shareholder Service 1 [Member]
Related Party Transaction [Line Items]
Professional fee paid				$ 919,391
Accrued professional fee				53,435
Director [Member]
Related Party Transaction [Line Items]
Repayment of related party debt			1,761,471	0
Accrued salaries			$ 571,011	$ 0
Issued shares			79,023	8,556
Director [Member] | Salaries [Member]
Related Party Transaction [Line Items]
Repayment of related party debt				$ 755,914
Accrued salaries				6,818
Director [Member] | Equity Option [Member]
Related Party Transaction [Line Items]
Repayment of related party debt			$ 1,560,351	$ 0
Key Management Personnel Memberl [Member]
Related Party Transaction [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture			363,868	1,974,300
Share-Based Payment Arrangement, Noncash Expense			$ 2,783,594	$ 9,141,601
Directors [Member]
Related Party Transaction [Line Items]
Number of stock option shares issued			1,192,817
Officer [Member] | Payment 1 [Member]
Related Party Transaction [Line Items]
Professional fee paid			$ 14,804	14,785
Officer [Member] | Payment 2 [Member]
Related Party Transaction [Line Items]
Professional fee paid			$ 0	$ 1,256
Shareholder [Member]
Related Party Transaction [Line Items]
Number of shares issued, other				1,007,693
Number of value issued, other				$ 0
Mr Dennis [Member]
Related Party Transaction [Line Items]
Maturity term	10 years

CONCENTRATIONS OF RISK (Details

CONCENTRATIONS OF RISK (Details) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Revenues		$ 5,635,553	$ 519,885
Customer C [Member]
Revenues		$ 2,310,933
Percentage of revenues		41.01%
Accounts receivable		$ 385,183
Customer A [Member]
Revenues	[1]		$ 387,213
Percentage of revenues	[1]		74%
Accounts receivable	[2]		$ 54,160
Customer B [Member]
Revenues	[3]		$ 94,698
Percentage of revenues	[3]		18%
Accounts receivable	[4]		$ (9,298)
[1]The Company engaged Tiki Smart Logistic for collection of cash on delivery arrangement from their end customer.[2]This included value added taxed ("VAT")[3]The Company engaged PayDollars for online payment gateway arrangement from their end customer.[4]Due to order cancelation the amount became credit balance.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 27, 2022	Dec. 31, 2022
Offsetting Assets [Line Items]
Litigation settlement paid		$ 15,000
Series C 1 Preferred Stock [Member]
Offsetting Assets [Line Items]
Common shares at a price		$ 168
Purchase Agreement [Member]
Offsetting Assets [Line Items]
Acquisition percentage	100%
Purchase price	$ 10,000
Restricted value	$ 25,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)	1 Months Ended
	Feb. 28, 2023	Jan. 27, 2023
Subsequent Event [Line Items]
[custom:OrdinaryShares]	2,225,735
[custom:OrdinaryShareSubscribed]	100,000
[custom:OrdinarySharesFullySubscribed]	2,325,735
[custom:ShareholdingPercentage-0]	75%
[custom:ShareholdingPercentageIncrease-0]	98.93%
Chief Executive Officer [Member]
Subsequent Event [Line Items]
Repurchase value		$ 2,000,000