Perfect (PERF) 20-F 30 Mar 23 2022 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Entity Addresses [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2022
Entity File Number	001-41540
Entity Registrant Name	Perfect Corp.
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	14F, No. 98 Minquan Road Xindian District
Entity Address, City or Town	New Taipei City
Entity Address, Postal Zip Code	231
Entity Address, Country	TW
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 Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Central Index Key	0001899830
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	PricewaterhouseCoopers
Auditor Location	Taipei, Taiwan
Auditor Firm ID	1345
Perfect Class A Ordinary Shares
Entity Addresses [Line Items]
Title of 12(b) Security	Class A Ordinary Shares
Trading Symbol	PERF
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	101,475,077
Perfect Class B Ordinary Shares
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	16,788,718
Warrants
Entity Addresses [Line Items]
Title of 12(b) Security	Warrants
Trading Symbol	PERF WS
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	20,849,975
Business Contact
Entity Addresses [Line Items]
Entity Address, Address Line One	14F, No. 98 Minquan Road Xindian District
Entity Address, City or Town	New Taipei City
Entity Address, Postal Zip Code	231
Entity Address, Country	TW
Contact Personnel Name	Iris Chen
Contact Personnel Email Address	investor_relations@perfectcorp.com
City Area Code	2
Local Phone Number	8667-1265

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 162,616	$ 80,453
Current financial assets at amortized cost	30,000
Current contract assets	3,660
Accounts receivables	7,756	6,568
Other receivables	314	6
Current income tax assets	77	63
Inventories	45	88
Other current assets	4,705	299
Total current assets	209,173	87,477
Non-current assets
Property, plant and equipment	289	407
Right-of-use assets	323	620
Intangible assets	119	100
Deferred income tax assets	244	165
Guarantee deposits paid	125	135
Total non-current assets	1,100	1,427
Total assets	210,273	88,904
Current liabilities
Current contract liabilities	13,024	9,021
Other payables	9,308	8,706
Other payables - related parties	63	73
Current tax liabilities	155	104
Current provisions	1,855	1,058
Less: current portion (shown as 'current lease liabilities')	251	449
Other current liabilities	261	384
Total current liabilities	24,917	19,795
Non-current liabilities
Non-current financial liabilities at fair value through profit or loss	3,207	259,230
Non-current lease liabilities	87	189
Net defined benefit liability, non-current	73	104
Guarantee deposits received	25	28
Total non-current liabilities	3,392	259,551
Total liabilities	28,309	279,346
Equity
Common stock	$ 11,826	30,152
Ordinary Shares, (in dollars) par value per share	$ 0.1
Capital surplus	$ 556,429	2,871
Accumulated deficit	(385,884)	(224,097)
Other equity interest	(407)	632
Total equity	181,964	(190,442)
Total liabilities and equity	210,273	$ 88,904
Perfect Class A Ordinary Shares
Equity
Common stock	$ 10,147
Ordinary Shares, (in dollars) par value per share	$ 0.1	$ 0.1
Perfect Class B Ordinary Shares
Equity
Common stock	$ 1,679
Ordinary Shares, (in dollars) par value per share	$ 0.1	$ 0.1

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Revenue	$ 47,300	$ 40,760	$ 29,873
Cost of sales and services	(7,130)	(5,736)	(3,962)
Gross profit	40,170	35,024	25,911
Operating expenses
Sales and marketing expenses	(24,544)	(25,287)	(18,107)
General and administrative expenses	(76,219)	(4,936)	(3,078)
Research and development expenses	(10,481)	(9,838)	(7,567)
Total operating expenses	(111,244)	(40,061)	(28,752)
Operating loss	(71,074)	(5,037)	(2,841)
Non-operating income and expenses
Interest income	2,029	131	243
Other income	75	118	191
Other gains and losses	(92,474)	(151,638)	(2,792)
Finance costs	(8)	(9)	(9)
Total non-operating income and expenses	(90,378)	(151,398)	(2,367)
Loss before income tax	(161,452)	(156,435)	(5,208)
Income tax expense	(292)	(417)	(385)
Net loss	(161,744)	(156,852)	(5,593)
Components of other comprehensive income (loss) that will not be reclassified to profit or loss
Actuarial (losses) gains on defined benefit plans	22	(24)	(36)
Credit risk changes in financial instrument - Preferred shares	(7)	(58)
Total components of other comprehensive income (loss) that will not be reclassified to profit or loss	15	(82)	(36)
Components of other comprehensive income that will be reclassified to profit or loss
Exchange differences arising on translation of foreign operations	(1,097)	123	634
Other comprehensive income (loss), net	(1,082)	41	598
Total comprehensive loss	(162,826)	(156,811)	(4,995)
Net loss, attributable to:
Shareholders of the parent	(161,744)	(156,852)	(5,593)
Total comprehensive loss attributable to:
Shareholders of the parent	$ (162,826)	$ (156,811)	$ (4,995)
Loss per share (in dollars)
Basic loss per share	$ (2.37)	$ (2.96)	$ (0.10)
Diluted loss per share	$ (2.37)	$ (2.96)	$ (0.10)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Additional Paid-in Capital	Employee stock options	Accumulated deficit	Reserve of exchange differences on translation	Reserve of change in fair value of financial liability attributable to change in credit risk of liability	Treasury shares	Ordinary shares	Total
Beginning balance at Dec. 31, 2019	$ 109	$ 640	$ (53,233)	$ (67)			$ 31,356	$ (21,195)
Net loss			(5,593)					(5,593)
Other comprehensive (loss) income			(36)	634				598
Total comprehensive loss			(5,629)	634				(4,995)
Share-based payment transactions		336						336
Employee stock options exercised	30	(30)					111	111
Purchase of treasury shares						$ (10,000)		(10,000)
Retirement of treasury shares	(14)		(8,359)			$ 10,000	(1,627)	(1,627)
Ending balance at Dec. 31, 2020	125	946	(67,221)	567			29,840	(35,743)
Net loss			(156,852)					(156,852)
Other comprehensive (loss) income			(24)	123	$ (58)			41
Total comprehensive loss			(156,876)	123	(58)			(156,811)
Share-based payment transactions		1,782						1,782
Employee stock options exercised	183	(165)					312	330
Ending balance at Dec. 31, 2021	308	2,563	(224,097)	690	(58)		30,152	(190,442)
Net loss			(161,744)					(161,744)
Other comprehensive (loss) income			22	(1,097)	(7)			(1,082)
Total comprehensive loss			(161,722)	(1,097)	(7)			(162,826)
Share-based payment transactions		2,175						2,175
Employee stock options exercised	5,447	(2,518)					2,663	5,592
Issuance of ordinary shares upon Reverse Recapitalization (refer to Note 1 for definition), net of issuance costs	102,237						1,726	103,963
Conversion of Perfect ordinary shares as part of the Reverse Recapitalization	446,217						(22,715)	423,502
Reclassification adjustment- Credit risks changes in financial instrument			(65)		$ 65
Ending balance at Dec. 31, 2022	$ 554,209	$ 2,220	$ (385,884)	$ (407)			$ 11,826	$ 181,964

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before tax	$ (161,452)	$ (156,435)	$ (5,208)
Adjustments to reconcile profit (loss)
Depreciation expense	703	598	456
Amortization expense	63	47	36
Interest income	(2,029)	(131)	(243)
Interest expense	8	9	9
Net loss on financial liabilities at fair value through profit or loss	93,777	150,745	2,022
Employees' stock option cost	2,117	1,782	336
Directors' share-based compensation	58
Recognition of listing expense	65,264
Changes in operating assets
Accounts receivable	(1,479)	(1,059)	861
Current contract assets	(3,701)
Other receivables	(3)	7	(8)
Other receivables - related parties		16	99
Inventories	43		8
Other current assets	(4,418)	(78)	113
Changes in operating liabilities
Current contract liabilities	4,783	4,108	2,164
Accounts payable			(167)
Other payables	772	1,653	1,336
Other payables - related parties	(2)	(11)	(95)
Current provisions	897	586	465
Other current liabilities	(80)	255	35
Net defined benefit liability, non-current	1		(2)
Cash inflow (outflow) generated from operations	(4,678)	2,092	2,217
Interest received	1,724	129	257
Interest paid	(8)	(9)	(9)
Income tax paid	(343)	(664)	(272)
Net cash flows from (used in) operating activities	(3,305)	1,548	2,193
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at amortized cost	(30,000)		(1,517)
Proceeds from disposal of financial assets at amortized cost			9,696
Acquisition of property, plant and equipment	(165)	(154)	(215)
Acquisition of intangible assets	(93)	(32)	(77)
Increase in guarantee deposits paid		(27)	(47)
Net cash flows from (used in) investing activities	(30,258)	(213)	7,840
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from financial liabilities designated at fair value through profit or loss			50,000
Repayment of principal portion of lease liabilities	(457)	(393)	(305)
Employee stock options exercised	5,592	330	111
Proceed received upon recapitalization	112,893
Payments to acquire treasury shares			(10,000)
Net cash flows from (used in) financing activities	118,028	(63)	39,806
Effects of exchange rates changes on cash and cash equivalents	(2,302)	163	896
Net increase in cash and cash equivalents	82,163	1,435	50,735
Cash and cash equivalents at beginning of year	80,453	79,018	28,283
Cash and cash equivalents at end of year	$ 162,616	$ 80,453	$ 79,018

History and Organisation

History and Organisation	12 Months Ended
	Dec. 31, 2022
History and Organization
History and Organisation	1. History and Organization Perfect Corp. (the “Company” or “Perfect”), is a Cayman Islands exempted company with limited liability, which incorporated on February 13, 2015 with registered address PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. The Company and its subsidiaries (collectively referred herein as the “Group”) are SaaS technology companies offering AR/AI solution dedicated to the beauty and fashion industry as well as mobile applications to consumers. The principal place of business is at 14F, No. 98 Minquan Road, Xindian District, New Taipei City 231, Taiwan. On October 28, 2022 (the “Closing Date”), the Company consummated the previously announced merger transaction pursuant to the Business Combination Agreement dated as of March 3, 2022, by and among Perfect, Beauty Corp., a wholly-owned subsidiary of Perfect, Fashion Corp., a wholly-owned subsidiary of Perfect, and Provident Acquisition Corp. (“Provident”). Pursuant to the Business Combination Agreement, dated as of March 3, 2022, Beauty Corp., a Cayman Islands exempted company with limited liability, merged with and into Provident (the “First Merger”), a special purpose acquisition company incorporated in the Cayman Islands and listed on the Nasdaq Stock Market (“NASDAQ”), with Provident surviving as a wholly-owned subsidiary of Perfect, and then immediately following the First Merger, Provident merged with and into Fashion Corp. (the “Second Merger”), a Cayman Islands exempted company with limited liability, with Fashion Corp. surviving as a wholly-owned subsidiary of Perfect. The consummation of the merger transactions was referred to as the “Closing”, dated as of October 28, 2022. In connection with the merger, each Perfect original share (consisting of Perfect common share, par value $0.1 (in dollars) per share, and Perfect preferred share, par value $0.1 (in dollars) per share) converted to Perfect Class A or Perfect Class B ordinary share, par value $0.1 (in dollars) per share, based on a conversion ratio 0.17704366. Each Provident share (consisting of Provident Class A ordinary share, par value $0.0001 (in dollars) per share, and Provident Class B ordinary share, par value $0.0001 (in dollars) per share) converted to one Perfect Class A ordinary share. Upon the consummation of the mergers and the other transactions contemplated by the Business Combination Agreement, the shareholders of Provident became shareholders of Perfect, and the Company became a publicly traded company on the New York Stock Exchange (“NYSE”) on October 31, 2022. The merger transaction pursuant to the Business Combination Agreement is accounted for as a recapitalization. Please refer to Note 6(26) “Recapitalization”.

The Date of Authorisation for I

The Date of Authorisation for Issuance of the Financial Statements and Procedures for Authorisation	12 Months Ended
	Dec. 31, 2022
The Date of Authorisation for Issuance of the Financial Statements and Procedures for Authorisation
The Date of Authorisation for Issuance of the Financial Statements and Procedures for Authorisation	2. The Date of Authorization for Issuance of the Financial Statements and Procedures for Authorization These consolidated financial statements were authorized for issuance by the Board of Directors on March 29, 2023.

Application of New Standards, A

Application of New Standards, Amendments and Interpretations	12 Months Ended
	Dec. 31, 2022
Application of New Standards, Amendments and Interpretations
Application of New Standards, Amendments and Interpretations	3. Application of New Standards, Amendments and Interpretations 3(1) New and amended standards adopted by the Group New standards, interpretations and amendments issued by International Accounting Standards Board (the “IASB”) effective from 2022 are as follows: ​ New Standards, Interpretations and Amendments Effective date by IASB Amendments to IFRS 3, ‘Reference to the conceptual framework’ ​ January 1, 2022 Amendments to IAS 16, ‘Property, plant and equipment: proceeds before intended use’ ​ January 1, 2022 Amendments to IAS 37, ‘Onerous contracts—cost of fulfilling a contract’ ​ January 1, 2022 Annual improvements to IFRS Standards 2018–2020 ​ January 1, 2022 ​ The above standards and interpretations have no significant impact to the Group’s financial condition and financial performance based on the Group’s assessment. 3(2) New and revised International Financial Reporting Standards not yet adopted New and amendments to IFRSs which have been published but are not mandatory for the financial period ending December 31, 2022 are listed below: ​ New Standards, Interpretations and Amendments Effective date by IASB Amendments to IAS 1, ‘Disclosure of accounting policies’ ​ January 1, 2023 Amendments to IAS 8, ‘Definition of accounting estimates’ ​ January 1, 2023 Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’ ​ January 1, 2023 Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ ​ To be determined by IASB Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’ ​ January 1, 2024 Amendments to IAS 1, ‘Classification of liabilities as current or non-current’ ​ January 1, 2024 Amendments to IAS 1, ‘Non-current liabilities with covenants’ ​ January 1, 2024 ​ The above standards and interpretations are not expected to have significant impact to the Group’s financial position and financial performance based on the Group’s assessment.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	4. Summary of Significant Accounting Policies The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated. 4(1) Compliance statement The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards as issued by the IASB (“IFRSs”). 4(2) Basis of preparation A. Except for the following items, the consolidated financial statements have been prepared under the historical cost convention: (a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss. (b) Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligation. B. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5. 4(3) Basis of consolidation A. Basis for preparation of consolidated financial statements: (a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries. (b) Inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group. (c) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognized in profit or loss. All amounts previously recognized in other comprehensive income in relation to the subsidiary are reclassified to profit or loss on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognized in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of. B. Subsidiaries included in the consolidated financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ownership (%) ​ ​ Name of ​ Main business ​ December 31, December 31, Name of investor subsidiary Activities 2021 2022 The Company Perfect Mobile Corp. (Taiwan) Design, development, marketing and sales of AR/AI SaaS solution and mobile applications. 100% ​ 100% The Company Perfect Corp. (USA) Marketing and sales of AR/AI SaaS solution 100% ​ 100% The Company Perfect Corp. (Japan) Marketing and sales of AR/AI SaaS solution. 100% ​ 100% The Company Perfect Corp. (Shanghai) Marketing and sales of AR/AI SaaS solution. 100% ​ 100% The Company Perfect Mobile Corp.(B.V.I.) Investment activities 100% ​ 100% The Company Beauty Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% —% The Company Fashion Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% 100% Perfect Mobile Corp. (Taiwan) ​ Perfect Corp. (France) ​ Marketing and Service Center for sales of AR/AI SaaS solution. ​ —% ​ 100%(Note) Perfect Mobile Corp.(B.V.I.) Perfect Mobile Limited. (Hong Kong) No business activity in 2019 and 2020, and deregistered on May 21, 2021 Not applicable ​ Not applicable ​ Note: Perfect Corp. (France) was established in 2022 and with no business activity during 2022. C. Subsidiaries not included in the consolidated financial statements: None. D. Adjustments for subsidiaries with different balance sheet dates: None. E. Significant restrictions: None. F. Subsidiaries that have non-controlling interests that are material to the Group: None. 4(4) Foreign currency translation Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in United States dollars, which is the Company’s functional and the Group’s presentation currency. A. Foreign currency transactions and balances (a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognized in profit or loss in the period in which they arise. (b) Monetary assets and liabilities denominated in foreign currencies at the period end are re-translated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognized in profit or loss. (c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions. (d) All foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’. B. Translation of foreign operations The operating results and financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: (a) Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet; (b) Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and (c) All resulting exchange differences are recognized in other comprehensive income. 4(5) Classification of current and non-current items A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets: (a) Assets arising from operating activities that are expected to be realized, or are intended to be sold or consumed within the normal operating cycle; (b) Assets held mainly for trading purposes; (c) Assets that are expected to be realized within twelve months from the balance sheet date; (d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to settle liabilities more than twelve months after the balance sheet date. B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities: (a) Liabilities that are expected to be settled within the normal operating cycle; (b) Liabilities arising mainly from trading activities; (c) Liabilities that are to be settled within twelve months from the balance sheet date; (d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification. 4(6) Cash equivalents Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents. 4(7) Financial assets at amortized cost A. Financial assets at amortized cost are those that meet all of the following criteria: (a) The objective of the Group’s business model is achieved by collecting contractual cash flows. (b) The assets’ contractual cash flows represent solely payments of principal and interest. B. On a regular way purchase or sale basis, financial assets at amortized cost are recognized and derecognized using trade date accounting. C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognized in profit or loss when the asset is derecognized or impaired. D. The Group’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial. 4(8) Accounts receivable A. Accounts receivable entitle the Group a legal right to receive consideration in exchange for transferred goods or rendered services. B. The short-term accounts receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial. 4(9) Impairment of financial assets For financial assets at amortized cost, at each reporting date, the Group recognizes the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognizes the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Group recognizes the impairment provision for lifetime ECLs. 4(10) Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to receive the cash flows from the financial asset expire. 4(11) Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted-average method. The item by item approach is used in applying the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and applicable variable selling expenses. 4(12) Property, plant and equipment A. Property, plant and equipment are initially recorded at cost. B. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred. C. Property, plant and equipment apply cost model and are depreciated using the straight-line method, except that the accelerated depreciation method is used by the US subsidiary, to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately. D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property, plant and equipment are as follows: ​ Leasehold improvements 2~3 years (or the lesser of the contract period of the lease) Machinery ​ 3 ​ years Office equipment ​ 5 ​ years ​ 4(13) Leasing arrangements (lessee)  —  right-of-use assets/ lease liabilities A. Leases are recognized as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of low-value assets, lease payments are recognized as an expense on a straight-line basis over the lease term. B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are comprised of fixed payments, less any lease incentives receivable. The Group subsequently measures the lease liability at amortized cost using the interest method and recognizes interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognized as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications. C. At the commencement date, the right-of-use asset is stated at cost comprising the amount of the initial measurement of lease liability. The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognized as an adjustment to the right-of-use asset. 4(14) Intangible assets A. Computer software Computer software is stated at cost and amortized on a straight-line basis over its estimated useful life of 3 years. B. Other intangible assets, mainly composed of royalties which paid for program source code and intellectual property rights, are amortized on a straight-line basis over their estimated useful lives of 3 years . 4(15) Impairment of non-financial assets The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. When the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortized historical cost would have been if the impairment had not been recognized. 4(16) Accounts payable A. Accounts payable are liabilities for purchases of goods or services. B. The short-term accounts payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial. 4(17) Financial liabilities at fair value through profit or loss A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorized as financial liabilities held for trading unless they are designated as hedges. Financial liabilities that meet one of the following criteria are designated as financial liabilities at fair value through profit or loss on initial recognition: (a) Hybrid (combined) contracts; or (b) They eliminate or significantly reduce a measurement or recognition inconsistency; or (c) They are managed and their performance is evaluated on a fair value basis, in accordance with a documented risk management policy. As part of Business Combination, warrants sold and issued by Provident were automatically converted to Perfect Warrants. These warrants are financial liabilities measured at fair value through profit or loss. The issuances of the preferred shares with the conversion options by the Group, was recognized under ‘financial liabilities designated as at fair value through profit or loss on initial recognition’ due to their compound instrument feature. B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss. C. If the credit risk results in fair value changes in financial liabilities designated as at fair value through profit or loss, they are recognized in other comprehensive income in the circumstances other than avoiding accounting mismatch or recognizing in profit or loss for loan commitments or financial guarantee contracts. 4(18) Derecognition of financial liabilities A financial liability is derecognized when the obligation specified in the contract is either discharged or cancelled or expires. 4(19) Provisions Provisions (warranties) are recognized when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are measured at the initial estimated amount as the effect of discounting is immaterial. 4(20) Employee benefits A. Short-term employee benefits Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognized as expense in that period when the employees render service. B. Pensions (a) Defined contribution plans For defined contribution plans, the contributions are recognized as pension expense when they are due on an accrual basis. Prepaid contributions are recognized as an asset to the extent of a cash refund or a reduction in the future payments. (b) Defined benefit plan i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Group in current period or prior periods. The liability recognized in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability; when there is no deep market in high-quality corporate bonds, the Group uses interest rates of government bonds (at the balance sheet date) instead. ii. Remeasurements arising on defined benefit plans are recognized in other comprehensive income in the period in which they arise and are recorded as retained earnings. 4(21) Employee share-based payment A. For the equity-settled share-based payment arrangements, the employee services received are measured at the fair value of the equity instruments granted at the grant date, and are recognized as compensation cost over the vesting period, with a corresponding adjustment to equity. The fair value of the equity instruments granted shall reflect the impact of market vesting conditions and non-vesting conditions. Compensation cost is subject to adjustment based on the service conditions that are expected to be satisfied and the estimates of the number of equity instruments that are expected to vest under the non-market vesting conditions at each balance sheet date. Ultimately, the amount of compensation cost recognized is based on the number of equity instruments that eventually vest. B. If the modification occurs during the vesting period, the incremental fair value granted is included in the measurement of the amount recognized for services received over the period from the modification date until the date when the modified equity instruments vest, in addition to the amount based on the grant date fair value of the original equity instruments, which is recognized over the remainder of the original vesting period. 4(22) Income tax A. The tax expense for the period comprises current and deferred tax. Tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized in other comprehensive income or equity. B. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings of the Company’s subsidiary in Taiwan and is recorded as income tax expense in the year the stockholders resolve to retain the earnings. C. Deferred income tax is recognized, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. However, the deferred income tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. D. Deferred income tax assets are recognized only to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At each balance sheet date, unrecognized and recognized deferred income tax assets are reassessed. E. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax income assets against current income tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously. 4(23) Share capital A. Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds. B. Where the Company repurchases the Company’s equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company’s equity holders. 4(24) Revenue recognition A. The Group has three major revenue streams: (1) Licensing; (2) AR/AI cloud solutions and Subscription; and (3) Advertisement. Among that (1) Licensing and (2) AR/AI cloud solutions and Subscription constitute our core SaaS solutions. B. In terms of Licensing, it could be divided into the following two categories: (a) Designing and developing apps to brand customers The Group delivers services based on customers’ requests. Once the customer accepts and the customized apps or licenses have been transferred, no further upgrade or revise service would be made by the Group. The customer receives and consumes the benefits provided by the Group at the point the customized apps or licenses have been transferred to them. Those services are only created for the specific customer without alternative use to the Group, and the right to payment is irrelevant to the performance obligation’s milestone. As a result, revenue is recognized at a point in time. (b) Granting license of self-developed technologies to brand customers The Group promises to provide a right to use the Group’s intellectual property as that intellectual property exists at the point in time at which the license is granted to the customer. The licensing includes licensing offline technology SDK (Software Development Kit) and AR/AI offline solutions. The SDK is to implement virtual try-on function to apps of brand customers which allow app users visiting. The AR/AI offline solutions is to implement virtual try-on function to applications which used in retail store. Once the function is implemented, the Group has fulfilled its performance obligation without further update. The brand customer can direct the use of, and obtain substantially all of the remaining benefits from the license at the point in time at which the license transfers. C. In terms of AR/AI cloud solutions and Subscription, the AR/AI cloud solutions are provided to brand customers, and the Subscription is provided to individual customers. Customers simultaneously receive and consume the benefits provided by the Group’s performance. (a) For AR/AI cloud solutions: The AR/AI cloud solutions are to implement virtual try-on function to websites of customers which allow internet users to visit. Internet users are able to use virtual try-on such as makeup, skincare, hair, nail, etc. The AR/AI cloud solutions are consecutively provided by the Group include future updates to its customers throughout the contract period. The typical contract terms of providing AR/AI cloud solutions to customers range from three months to multi-years, among which one year term is the most, the contract consideration was fixed and determined by the following factors: 1) functionality of the modules (eg. makeup, skincare, hair, nail, etc); 2) length of the contract period; 3) geographical coverage such as the number of countries/region to deploy the modules or the number of website domains to integrate our modules; 4) maximum numbers of product SKUs that a brand can utilize at the same time; and 5) additional manpower hours used for conducting the customization, if any. Once the contract is agreed by customers and the Group, the performance obligations among the contract is fixed with a stand ready feature. The Group then provides services to customers based on the contract. The Group applied output methods to recognize revenue on the straight-line basis through the contract period. Those services provided by the Group would be realized evenly during the contract period. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. (b) For Subscription: The Subscription is the Group provides premium functions in apps to customers which allow customers to subscribe through Apple App store and Google Play store. Customers who subscribe the premium functions are allowed to use the complete additional functions in the apps, remove watermarks and ad-free editing, etc. The Group currently offer monthly and yearly subscription plans (price varies by country) for such premium functions service. Apple App store and Google Play store play as platform provider for the Group to list its apps on the stores. The Group is considered as a principal on providing premium functions in apps to customers given that the Group is obliged to provide service to its customers and the Group has the right to determine the selling price of the service. Apple App store and Google Play store also claim a commission expenses from the Group based on the revenue generate from providing premium functions. The commission expenses are recognized as cost of sales and services. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. D. In terms of Advertisement, revenue is generated from the advertisements displayed by advertisement network service providers (ad networks) in the Group’s apps. The consideration of such service is determined based on the frequency of click or impression (usage-based) of the advertisement, which should be treated as a variable consideration. The typical contract term is monthly. The numbers of advertisements are delivered and the associated fees are tracked on a daily basis, and the Group recognized revenue on a monthly basis based on the daily collected information. E. When the Group enters into contracts which contain multiple performance obligations through B to D, the Group allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The stand-alone selling price is the price at which the Group sells a good or service separately to a customer. 4(25) Cost of sales and services Cost of sales and services primarily consists of costs related to platform commission fees paid to platform owners, payroll costs directly related to sales and services activities, accrued provision and costs of sales of products. 4(26) Government grants Government grants are recognized at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Group recognizes expenses for the related costs for which the grants are intended to compensate. 4(27) Operating segments Operating segments are reported in a manner consistent with the economic characteristics as well as types of products and services from which each operating segment derives its revenues, and the internal reporting provided to the chief operating decision maker. The Group’s chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the CEO (who is also the chairman of the Board of Directors) that makes strategic decisions. Although the Group has multiple operating segments by geography, the management takes the aggregation criteria outlined in Paragraphs 11 to 14 of IFRS 8 into consideration to determine the reportable operating segments. The judgements made by management in applying the aggregation criteria are based on the similarity of economic characteristics of these operating segments  —  (a) the nature of the services: The operating segments grant license of mobile applications or platforms and provide advertising services for their customers; (b) the type or class of customer for their services: The customer types of operating segments are mainly cosmetics companies a

Critical Accounting Judgements,

Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty	12 Months Ended
	Dec. 31, 2022
Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty
Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty	5. Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty The preparation of these consolidated financial statements requires management to make critical judgements in applying the Group’s accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the related information is addressed below: 5(1) Critical judgements in applying the Group’s accounting policies A. Preferred shares The classification of preferred shares is determined based on its nature and rights which is described in the Shareholders Agreement. Preferred shares are classified as liabilities when it is convertible to a variable number of its equity instruments or an unconditional obligation to deliver cash or another financial asset exist. Pursuant to the Shareholders Agreement, the Group has no unconditional right to avoid delivering cash to settle its contractual obligations. Also pursuant to the Shareholders Agreement, in the event of either Deemed Liquidation Event or execution of Redemption Rights is not controllable by the Group, the Group has no unconditional right to avoid delivering cash to settle its contractual obligations. Furthermore, given the conversion price might be further adjusted based on the Shareholders Agreement, the Group has, or might have, a contractual obligation to deliver a variable number of its equity instruments. As a result, the preferred shares are classified as financial liabilities. B. Revenue recognition at a point in time or over time The Group recognizes the revenue by determining whether the performance obligations are satisfied at a point in time or over time. In terms of Licensing, the Group recognized revenue at the point when customized apps or licenses are transferred to its customers, which customers obtain control over the customized apps or licenses simultaneously with no further maintenance or other services to be provided by the Group. In terms of AR/AI cloud solutions and Subscription, the Group delivers services to its customers and recognized revenue within the contract period on a straight-line basis. The Group grants access of its server or apps to its customers and is obliged to maintain the services operational through the contract period. The access is terminated once the contract expires and no further extension were made by both parties. After termination of the contract, the customers can no longer have access to the server or apps. In terms of Advertisement, the Group recognized revenue within the contract period on a usage basis. As a result, based on the different feature of the services, the Group recognized revenue at a point in time or overtime, respectively. 5(2) Critical accounting estimates and assumptions: A. Fair value measurement of convertible preferred shares The issuance of convertible preferred shares by the Group was recognized under ‘financial liabilities designated as at fair value through profit or loss on initial recognition’ due to their compound instrument feature. The fair value of convertible preferred shares is determined considering those companies’ recent funding raising activities and technical development status, fair value assessment of other companies of the same type, market conditions and other economic indicators existing on balance sheet date. Any changes in these judgements and estimates will impact the fair value measurement of these convertible preferred shares. Please refer to Note 12(3) for the financial instruments fair value information. As of December 31, 2021 and 2022, the carrying amounts of the Group’s convertible preferred shares were $ 259,230 and $-, respectively. Please refer to Note 6(8) for the preferred shares information. B. Fair value measurement of warrant liabilities Public warrants, Private Placement Warrants and Forward Purchase Warrants assumed in connection with the Recapitalization were recognized under financial liabilities at fair value through profit or loss. The fair value of the warrants were measured at fair value using Monte Carlo simulation model on the Closing Date. The fair value of the Public Warrants was subsequently measured based on the listed market price. The fair value of the Private Placement Warrants and Forward Purchase Warrants were subsequently measured using a Monte Carlo simulation model each measurement date. As of December 31, 2021 and 2022, the carrying amounts of the Group’s warrant liabilities were $- and $3,207, respectively. Please refer to Note 6(8) for the warrant liabilities information and refer to Note 12(3) for the financial instruments fair value information. C. Fair value measurement of earnout shares The valuation of the Group’s Sponsor Earnout Promote Shares on the Closing Date requires the use of option pricing models or other valuation techniques. The fair value is determined using a Monte Carlo simulation model for the Sponsor Earnout Promote Shares. Please refer to 6(12) for the key assumption used for estimating the fair value of the Sponsor Earnout Promote Shares. D. Fair value measurement of Perfect Class A Ordinary Shares For the calculation of the listing expense, the Company issued an aggregate of 6,764 thousand shares to acquire Provident’s net assets on the Closing Date, excluding the impact of PIPE and FPA investors. The fair value used to measure the Company’s Class A Ordinary Shares are the based on the opening market price of Provident of $8.35 (in dollars) per share as of October 28, 2022. Please refer to 6(26) “Recapitalization”.

Details of Significant Accounts

Details of Significant Accounts	12 Months Ended
	Dec. 31, 2022
Details of Significant Accounts
Details of Significant Accounts	6. Details of Significant Accounts 6(1) Cash and cash equivalents ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Petty cash ​ $ 1 ​ $ 1 Checking accounts ​ 1,882 ​ 1,279 Demand deposits ​ 38,591 ​ 11,777 Time deposits ​ 39,800 ​ 149,300 Others ​ 179 ​ 259 ​ ​ $ 80,453 ​ $ 162,616 ​ The Group transacts with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote. 6(2) Current financial assets at amortized cost ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Time deposits with maturities over three months ​ $ — ​ $ 30,000 ​ The Group has no financial assets at amortized cost pledged to others. As of December 31, 2021 and 2022, the amount of time deposits of $- and $30,000, respectively, were held at financial institutions located in Taiwan. Information relating to credit risk of financial assets at amortized cost is provided in Note 12(3). 6(3) Accounts receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Accounts receivable ​ $ 6,568 ​ $ 7,756 ​ A. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Not past due ​ $ 5,773 ​ $ 6,062 Up to 30 days ​ 508 ​ 851 31 to 90 days ​ 121 ​ 327 91 to 180 days ​ 138 ​ 417 Over 181 days ​ 28 ​ 99 ​ ​ $ 6,568 ​ $ 7,756 ​ The above ageing analysis was based on days overdue. B. C. D. 6(4) Other current assets ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Prepaid expenses ​ $ 254 ​ $ 4,617 Others ​ 45 ​ 88 ​ ​ $ 299 ​ $ 4,705 ​ 6(5) Property, plant and equipment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Leasehold ​ ​ ​ ​ Office ​ ​ ​ ​ improvements Machinery equipment Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 473 ​ $ 457 ​ $ 24 ​ $ 954 Accumulated depreciation ​ (296) ​ (193) ​ (13) ​ (502) ​ ​ $ 177 ​ $ 264 ​ $ 11 ​ $ 452 Opening net book amount ​ $ 177 ​ $ 264 ​ $ 11 ​ $ 452 Additions ​ 34 ​ 97 ​ 23 ​ 154 Cost of disposals ​ (6) ​ (12) ​ — ​ (18) Accumulated depreciation on disposals ​ ​ 6 ​ ​ 12 ​ ​ — ​ ​ 18 Depreciation expense ​ (93) ​ (110) ​ (6) ​ (209) Net exchange differences ​ 5 ​ 5 ​ — ​ 10 Closing net book amount ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 516 ​ $ 552 ​ $ 48 ​ $ 1,116 Accumulated depreciation ​ (393) ​ (296) ​ (20) ​ (709) ​ ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ Leasehold ​ ​ ​ ​ Office ​ ​ ​ ​ ​ improvements Machinery equipment Total At January 1 ​ $ ​ ​ $ ​ ​ $ ​ ​ $ ​ Cost ​ ​ 516 ​ ​ 552 ​ ​ 48 ​ ​ 1,116 Accumulated depreciation ​ (393) ​ (296) ​ (20) ​ (709) ​ ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 Opening net book amount ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 Additions ​ 58 ​ 107 ​ — ​ 165 Cost of disposals ​ — ​ — ​ — ​ — Accumulated depreciation on disposals ​ — ​ — ​ — ​ — Depreciation expense ​ (119) ​ (119) ​ (9) ​ (247) Net exchange differences ​ (11) ​ (24) ​ (1) ​ (36) Closing net book amount ​ $ 51 ​ $ 220 ​ $ 18 ​ $ 289 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 521 ​ $ 602 ​ $ 46 ​ $ 1,169 Accumulated depreciation ​ (470) ​ (382) ​ (28) ​ (880) ​ ​ $ 51 ​ $ 220 ​ $ 18 ​ $ 289 ​ The Group has no property, plant and equipment pledged to others. 6(6) Leasing arrangements  —  lessee A. The Group’s leases various assets including buildings and business vehicles. Rental contracts are typically made for periods of 2 to 3 years . Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. Except that leased assets may not be used as security for borrowing purposes, leased assets may not be subleased, sold or borrowed to others or corporates in any methods. B. Short-term leases with a lease term of 12 months or less comprise offices located in United States, Japan, China and France. On December 31, 2020, 2021 and 2022, lease commitments for short-term leases amounted to $ 95 , $ 112 and $ 152 , respectively. C. The movements of right-of-use assets of the Group during the 2021 and 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ Buildings Business vehicles Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 776 ​ $ — ​ $ 776 Accumulated depreciation ​ (457) ​ — ​ (457) ​ ​ $ 319 ​ $ — ​ $ 319 Opening net book amount ​ $ 319 ​ $ — ​ $ 319 Additions ​ 530 ​ 148 ​ 678 Cost of derecognition ​ (432) ​ — ​ (432) Derecognized accumulated depreciation ​ 432 ​ — ​ 432 Depreciation expense ​ ​ (339) ​ ​ (50) ​ ​ (389) Net exchange differences ​ ​ 11 ​ ​ 1 ​ ​ 12 Closing net book amount ​ $ 521 ​ $ 99 ​ $ 620 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 898 ​ $ 149 ​ $ 1,047 Accumulated depreciation ​ (377) ​ (50) ​ (427) ​ ​ $ 521 ​ $ 99 ​ $ 620 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ Buildings Business vehicles Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 898 ​ $ 149 ​ $ 1,047 Accumulated depreciation ​ (377) ​ (50) ​ (427) ​ ​ $ 521 ​ $ 99 ​ $ 620 Opening net book amount ​ $ 521 ​ $ 99 ​ $ 620 Additions ​ 137 ​ 76 ​ 213 Cost of derecognition ​ (137) ​ — ​ (137) Derecognized accumulated depreciation ​ 137 ​ — ​ 137 Depreciation expense ​ (361) ​ (95) ​ (456) Net exchange differences ​ (45) ​ (9) ​ (54) Closing net book amount ​ $ 252 ​ $ 71 ​ $ 323 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 809 ​ $ 208 ​ $ 1,017 Accumulated depreciation ​ (557) ​ (137) ​ (694) ​ ​ $ 252 ​ $ 71 ​ $ 323 ​ D. Lease liabilities relating to lease contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Total lease liabilities ​ $ 638 ​ $ 338 Less: current portion (shown as ‘current lease liabilities’) ​ (449) ​ (251) ​ ​ $ 189 ​ $ 87 ​ E. The information on profit and loss accounts relating to lease contracts is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Items affecting profit or loss ​ ​ ​ ​ ​ ​ Interest expense on lease liabilities ​ $ 9 ​ $ 9 ​ $ 8 Expense on short-term lease contracts ​ 292 ​ 391 ​ 383 ​ ​ $ 301 ​ $ 400 ​ $ 391 ​ F. For the years ended December 31, 2020, 2021 and 2022, the Group’s total cash outflow for leases were $ 606 , $ 793 and $ 848 , respectively, including the interest expense on lease liabilities amounting to $ 9 , $ 9 and $ 8 , expense on short-term lease contracts amounting to $ 292 , $ 391 and $ 383 , and repayments of principal portion of lease liabilities amounting to $ 305 , $ 393 and $ 457 , respectively. 6(7) Intangible assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Software intangible assets Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 196 ​ $ 3,257 ​ $ 3,453 Accumulated amortization ​ (163) ​ (3,177) ​ (3,340) ​ ​ $ 33 ​ $ 80 ​ $ 113 Opening net book amount ​ $ 33 ​ $ 80 ​ $ 113 Additions ​ 32 ​ — ​ 32 Cost of disposals ​ ​ (153) ​ ​ (3,177) ​ ​ (3,330) Accumulated amortization on disposals ​ ​ 153 ​ ​ 3,177 ​ ​ 3,330 Amortization charge ​ (20) ​ (27) ​ (47) Net exchange differences ​ — ​ 2 ​ 2 Closing net book amount ​ $ 45 ​ $ 55 ​ $ 100 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 78 ​ $ 82 ​ $ 160 Accumulated amortization ​ (33) ​ (27) ​ (60) ​ ​ $ 45 ​ $ 55 ​ $ 100 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ ​ Other ​ ​ ​ ​ Software ​ intangible assets ​ Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 78 ​ $ 82 ​ $ 160 Accumulated amortization ​ (33) ​ (27) ​ (60) ​ ​ $ 45 ​ $ 55 ​ $ 100 Opening net book amount ​ $ 45 ​ $ 55 ​ $ 100 Additions ​ 78 ​ 15 ​ 93 Cost of disposals ​ (43) ​ — ​ (43) Accumulated amortization on disposals ​ 43 ​ — ​ 43 Amortization charge ​ (36) ​ (27) ​ (63) Net exchange differences ​ (6) ​ (5) ​ (11) Closing net book amount ​ $ 81 ​ $ 38 ​ $ 119 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 104 ​ $ 89 ​ $ 193 Accumulated amortization ​ (23) ​ (51) ​ (74) ​ ​ $ 81 ​ $ 38 ​ $ 119 ​ Details of amortization on intangible assets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Research and development expenses ​ $ 36 ​ $ 47 ​ $ 63 ​ 6(8) Financial liabilities at fair value through profit or loss ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Non-current items: ​ ​ ​ ​ ​ ​ Warrant liabilities ​ $ — ​ $ 8,431 Add: Valuation adjustment ​ ​ — ​ ​ (5,224) Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities ​ ​ 105,469 ​ ​ — Add: Valuation adjustment ​ 153,761 ​ — ​ ​ $ 259,230 ​ $ 3,207 ​ A. Amounts recognized in profit or loss and other comprehensive income in relation to financial liabilities at fair value through profit or loss are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Net losses recognized in profit or loss ​ ​ ​ Warrant liabilities $ — $ — $ 5,224 Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities ​ ​ (2,022) ​ ​ (150,745) ​ ​ (99,001) ​ ​ $ (2,022) ​ $ (150,745) ​ $ (93,777) Net losses recognized in other comprehensive income ​ ​ ​ Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities ​ $ — ​ $ (58) ​ $ (7) ​ B. Warrant liabilities (a) As part of Business Combination, Warrants sold and issued by Provident were automatically converted to Perfect Warrants. Each warrants entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 (in dollars) per share. (b) As of December 31, 2022 there were 20,850 thousand warrants outstanding, consisting of 11,500 thousand Public Warrants, 6,600 thousand Private Placement Warrants and 2,750 thousand Forward Purchase Warrants (as defined below). Each warrant is exercisable for one Perfect Class A Ordinary Share, in accordance with its terms. Public Warrants Provident sold an aggregate of 11,500 thousand Public Warrants in the Provident Initial Public Offering. Private Placement Warrants Provident privately issued and sold an aggregate of 6,600 thousand Private Warrants to the Sponsor simultaneously with the consummation of the Provident Initial Public Offering on January 7, 2021. Forward Purchase Warrants Pursuant to the Forward Purchase Agreements (FPA), Provident issued and sold to FPA Investors, an aggregate of 5,500 thousand Forward Purchase Shares and 2,750 thousand Forward Purchase Warrants in consideration for an aggregate purchase price of $55,000, as closed on October 27, 2022. (c) Movement in all kinds of Perfect warrants (Units: thousand warrants) are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Private Forward ​ ​ Public ​ Placement ​ Purchase ​ ​ Warrants ​ Warrants ​ Warrants At January 1, 2022 — — — Converted from Provident’s warrants as part of business combination 11,500 6,600 2,750 Exercised — — — At December 31, 2022 11,500 6,600 2,750 ​ (d) Redemption of Warrants when the price per Perfect Class A Ordinary Shares equal or exceed $18.00 (in dollars). Once the Warrants become exercisable, the Company may redeem the outstanding Warrants (except as described herein with respect to Perfect Private Placement Warrants): (i) three (e) Redemption of warrants when the price per Class A Ordinary Share equals or exceeds $10.00 (in dollars). Once the Warrants become exercisable, the Company may redeem the outstanding warrants: (i) in whole and not in part (ii) at $0.10 (in dollars) per warrant upon a minimum of 30 days’ prior written notice of redemption (iii) provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to the table below, based on the redemption date and the “fair market value” of Perfect Class A Ordinary Shares (iv) if, and only if, the Reference Value equals or exceeds $10.00 (in dollars) per share and (v) if the Reference Value is less than $18.00 (in dollars) per share, Perfect Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Perfect Public warrants, as described above. (f) Private Placement Warrants The Private Placement Warrants are identical to the Public Warrants and Forward Purchase Warrants except that Private Placement Warrants, so long as they are held by Provident Acquisition Holdings Ltd., (the “Sponsor”) or its permitted transferees, (i) will not be redeemable by the Company (ii) may not (including the Class A ordinary shares issuable upon exercise of these Private Placement Warrants), subject to certain limited exceptions, be transferred assigned or sold by the holder until If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as Public Warrants and Forward Purchase Warrants. C. (a) The Company has issued a total of 242,331 thousand convertible preferred shares. In connection with the Recapitalization, the Company’s convertible preferred shares were canceled in exchange for 0.17704366 Perfect Class A or Class B ordinary shares on October 28, 2022. Please refer to Note 6(13) “Share capital” for information of the conversion. (b) As of December 31, 2021, the Company has issued a total of $ 105,000 of convertible preferred shares with no maturity for five rounds in total. The details are as follows: i. In the end of July 2017, the Company issued 31,427 thousand shares of convertible preferred shares (Series A) which was converted from convertible bonds that the Company issued on November 9, 2016. The Company issued $ 10,000 of convertible bonds with an interest rate of 0% per annum. The bonds matured 0.81 years from November 9, 2016 to August 31, 2017 and would be redeemed in cash at the face value at the maturity date. The bondholders have the right to ask for conversion of the bonds into convertible preferred shares of the Company. On July 7, 2017, the Board of Directors, during the meeting, resolved that if bondholders convert the bonds into the convertible preferred shares before the end of July 2017, all of the original bondholders would be granted a stock warrant (Series A warrant) on a pari passu basis to purchase a certain quantity of additional preferred shares at the initial conversion price, to be fully exercised prior to the end of May 2018. The Series A warrant could subscribe preferred shares (Series A) ata2 for1 basis. The convertible bonds were fully converted into convertible preferred shares (Series A) in the end of July 2017. However, the Company reissued stock warrants with same conditions to replace the initial stock warrants, which were exercisable by November 30, 2018, as resolved at the meeting of the Board of Directors on May 31, 2018. ii. On October 17, 2017, the Company issued 47,140 thousand shares of convertible preferred shares (Series A-1) with a total issuance amount of $ 15,000 . iii. On November 19, 2018, the Company issued 15,713 thousand shares of convertible preferred shares (Series A) which were wholly-acquired by the holders of stock warrants (Series A warrant) with a total exercise price of $ 5,000 . All series A warrants has been exercised. iv. On July 8, 2019, the Company issued 73,206 thousand shares of convertible preferred shares (Series B) with a total issuance amount of $ 25,000 . v. On December 11, 2020, the Company issued 74,844 thousand shares of convertible preferred shares (Series C-1 and C-2) with a total issuance amount of $ 50,000 . (c) The issuance of convertible preferred shares by the Company amounting to $ 259,230 and $ - was recognized under ‘financial liabilities designated as at fair value through profit or loss on initial recognition on December 31, 2021 and 2022, respectively, due to their compound instrument feature. (d) When the Company issued the convertible preferred shares (Series C-1 and C-2), some of the issuance terms were amended. The initial convertible preferred shareholders (Series A, Series A-1 and Series B) can apply the issuance terms retrospectively. Please refer to the Redemption rights section below for details. (e) The rights, preferences and privileges of the preferred shares are as follows: Liquidation preferences (a) In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company or any Deemed Liquidation Event, the assets of the Company or the consideration of the Deemed Liquidation Event available for distribution to its shareholders, as the case may be, shall be distributed among the shareholders. (b) The convertible preferred shares should be repaid first at 150% of the issuing price but with the residual value as the limit. The ranking of claims are holders of convertible preferred shares (Series C), holders of convertible preferred shares (Series B) and holders of convertible preferred shares (Series A). (c) If a merger or reorganization of the Company occurred, such events shall be deemed as Deemed Liquidation Event. The majority of convertible preferred shareholders, voting as a single class, may elect not to apply the process of liquidation in the event of a Deemed Liquidation Event. Thus, if an uncertain event occurred in the future, the Company has a contractual obligation to deliver cash to convertible preferred shareholders. Conversion rights (a) The conversion price of the convertible preferred shares is the initial acquisition price, and is subject to adjustments if the condition of the anti-dilution provision occurs subsequently. The conversion price will be reset based on the pricing model specified in the terms of conversion. Accordingly, the Company has a contractual obligation to deliver a variable number of its own equity instruments to convertible preferred shareholders. (b) The convertible preferred shareholders have the right to ask for conversion of the preferred shares into common shares of the Company from the issuance date. The rights and obligations of the new shares converted from the preferred shares are the same as the issued and outstanding common shares. (c) Without any action being required by the holder, each preferred share should automatically be converted into one common share (i) immediately upon the closing of an IPO, based on the applicable conversion price in effect at the time of the closing of such IPO; (ii) at the election of holders of a majority of the preferred shares and their conversion shares if converted, voting as a single class on an as-converted to common share but not fully-diluted basis; or (iii) if the Board of Directors duly approves in accordance with the shareholders agreement and these articles the commencement of an IPO process by the Company in Taiwan. (d) The diluted effect of preferred shares as of December 31, 2021 and 2022 was 242,331 thousand and 0 shares, respectively. Redemption rights (a) In the following events, the convertible preferred shareholders have the right to require the Company to redeem convertible preferred shares: i. Before 2026 ends, if the Company does not publicly issue shares at specific price, sell at least half of the business or the first majority shareholder sells its shares, the holders of convertible preferred shares (Series C) could exercise its redeemable right; ii. If there’s any material breach by the Company, in contravention of any applicable laws, fraud or the main holders of convertible preferred shares (Series B) exercise its redeemable rights, all the holders of convertible preferred shares could exercise the redemption right; iii. If there’s any material breach by the Company of the Business Cooperation Agreement, then the main holders of convertible preferred shares (Series B) should be entitled to the right to exercise its redemption rights. The principal terms of Business Cooperation Agreement are as follows: (1) The Company’s operations in mainland China should be discussed with the holder of convertible preferred shares (Series B) before commencement, and the Company shall engage the holder of convertible preferred shares (Series B) as the priority business partner. (2) If the following conditions are met, the holder of convertible preferred shares (Series B) shall engage the Company as the priority business partner in beauty & cosmetic augmented reality business: (i) The Company maintains its position as leading company in the industry. (ii) The holder of convertible preferred shares (Series B) holds the Company’s shares more than 10% of total shares. iv. If the Company or subsidiary in Taiwan violates the PRC Investment Regulation, the main holders of the convertible preferred shares (Series C) could exercise the redemption right. v. At any time after the occurrence of any of the abovementioned events, any Series A Holder, Series B Holder and Series C Holder may give a written notice (Redemption Notice) to the Company requesting redemption by the Company of all or part of its Equity Securities in the Company in accordance terms and conditions set forth in the Shareholders Agreement. If any Series A Holder, Series B Holder or Series C Holder exercises its right to require redemption by the Company of its Equity Securities, the Company should notify all other Series A Holders, Series B Holders and Series C Holders within ten calendar days after receipt of the Redemption Notice, and such Series A Holders, Series B Holders and Series C Holders may within ten calendar days thereafter elect to request the Company to redeem any or all of the outstanding Equity Securities of the Company held by them. (b) i. In scenario (a)i, (a)ii and (a)iv, the Company should redeem the preferred shares at the initial issuance price plus 8% compound interest and dividends declared not paid yet; ii. In scenario (a)iii, the Company should redeem the preferred shares at the initial issuance price plus 20% interest and dividends declared not paid yet. Voting rights (a) Each shareholder shall be entitled to cast the number of votes equal to the number of the common shares and the number of the common shares into which the preferred shares it holds are convertible as of the record date for determining the shareholders entitled to vote on such matter or, if no record date is specified, as of the date of such vote. (b) In the event that prior to the consummation of an IPO, the holders of at least a majority of the preferred shares on an as converted to common share but not fully-diluted basis (collectively, the “Dragging Shareholders”) approve a transaction or a series of related transactions, in which a person, or a group of related persons, acquires a majority of the equity securities, assets, undertaking or voting power of the Company (either by way of transfer, acquisition, merger, consolidation, scheme of arrangement, amalgamation or otherwise) at a specific price agreed in Series C Preferred Share Subscription Agreement, then each shareholder and the Company shall sell the equity securities of the Group. Dividends (a) The Company should not declare, pay or set aside any dividends on shares unless preferred shares holders has received non-cumulative dividends. The ranking of claims are holders of convertible preferred shares (Series C), holders of convertible preferred shares (Series B), holders of convertible preferred shares (Series A), and the holders of common shares. (b) The non-cumulative dividends should be declared at the simple rate of four percent ( 4% ) or of the amount each preferred shareholder would have received had the Company distributed the dividends to all shareholders on a pro rata basis, prior and in preference to any other shareholders, whichever is higher. (c) The dividends payable on each common share issuable upon the conversion of a preferred share, calculated on the record date for determination of holders entitled to receive such dividend. Business Cooperation Agreement (Series B only) The Company entered into a Business Cooperation Agreement with the main holders of convertible preferred shares (Series B) under the initial preferred share contract. In the event of any material breach of the Business Cooperation Agreement by the Group, the main holders of convertible preferred shares (Series B) have the right to require the Company to redeem convertible preferred shares at the initial issuance price plus 20% interest and dividends declared not paid yet. 6(9) Other payables ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Employee bonus ​ $ 3,766 ​ $ 4,038 Payroll ​ 1,934 ​ 2,130 Remuneration to directors and supervisors ​ ​ — ​ ​ 53 Promotional fees ​ 851 ​ 1,039 Professional service fees ​ 1,358 ​ 1,371 Sales VAT payables ​ 225 ​ 175 Post and telecommunications expenses ​ 178 ​ 173 Others ​ ​ 394 ​ ​ 329 ​ ​ $ 8,706 ​ $ 9,308 ​ 6(10) Provisions ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2022 ​ Warranty Warranty At January 1 ​ $ 480 ​ $ 1,058 Additional provisions ​ 734 ​ 897 Used during the year ​ (148) ​ - Net exchange differences ​ (8) ​ (100) At December 31 ​ $ 1,058 ​ $ 1,855 ​ Analysis of total provisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Current ​ $ 1,058 ​ $ 1,855 ​ The Group enters into the contract with customers with warranties on services provided. The warranties (loss indemnification) provide customers with assurance that the related services will function as agreed by both parties. Provision for warranty is estimated based on historical warranty data, other known events and management’s judgement. The Group recognizes such expenses within ‘Cost of sales and services’ when related services are provided. Any changes in industry circumstances might affect the provisions. Provisions shall be paid when the payment is actually claimed. 6(11) Pensions A. (a) The Group’s subsidiary, Perfect Mobile Corp. (Taiwan), was incorporated in Taiwan, which has a defined benefit pension plan in accordance with the Labor Standards Act, covering all regular foreign employees’ service years. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. Perfect Mobile Corp. (Taiwan) contributes monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, Perfect Mobile Corp. (Taiwan) would assess the balance in the aforementioned labor pension reserve account by December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method, to the employees expected to qualify for retirement in the following year, Perfect Mobile Corp. (Taiwan) will make contributions for the deficit by next March. (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Present value of defined benefit obligations ​ $ (113) ​ $ (84) Fair value of plan assets ​ 9 ​ 11 Net defined benefit liability ​ $ (104) ​ $ (73) ​ (c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Present value ​ ​ ​ ​ ​ ​ ​ ​ of defined benefit ​ Fair value of ​ Net defined ​ obligations plan assets benefit liability At January 1 ​ $ (84) ​ $ 7 ​ $ (77) Current service cost ​ (2) ​ — ​ (2) ​ ​ (86) ​ 7 ​ (79) Remeasurements: ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in demographic assumptions ​ (8) ​ — ​ (8) Change in financial assumptions ​ 16 ​ — ​ 16 Experience adjustments ​ (32) ​ — ​ (32) ​ ​ (24) ​ — ​ (24) Pension fund contribution ​ — ​ 2 ​ 2 Net exchange differences ​ (3) ​ — ​ (3) Balance at December 31 ​ $ (113) ​ $ 9 ​ $ (104) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ Present value ​ ​ ​ ​ ​ ​ of defined benefit ​ Fair value of ​ Net defined ​ ​ obligations ​ plan assets ​ benefit liability At January 1 ​ $ (113) ​ $ 9 ​ $ (104) Current service cost ​ (2) ​ — ​ (2) Interest (expense) income ​ (1) ​ — ​ (1) ​ ​ ​ (116) ​ ​ 9 ​ ​ (107) Remeasurements: ​ ​ ​ ​ ​ ​ ​ ​ ​ Return on plan assets ​ ​ — ​ ​ 1 ​ ​ 1 Change in demographic assumptions ​ (8) ​ — ​ (8) Change in financial assumptions ​ 10 ​ — ​ 10 Experience adjustments ​ 19 ​ — ​ 19 ​ ​ 21 ​ 1 ​ 22 Pension fund contribution ​ — ​ 2 ​ 2 Net exchange differences ​ 11 ​ (1) ​ 10 Balance at December 31 ​ $ (84) ​ $ 11 ​ $ (73) ​ (d) The Bank of Taiwan was commissioned to manage the Fund of Perfect Mobile Corp. (Taiwan)’s defined benefit pension plan in accordance with the Fund’s annual investment and utilization plan and the “Regulations for Revenues, Expenditures, Safeguard and Utilization of the Labor Retirement Fund” (Article 6: The scope of utilization for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilization of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorized by the Regulator. Perfect Mobile Corp. (Taiwan) has no right to participate in managing and operating that fund and hence Perfect Mobile Corp. (Taiwan) is unable to disclose the classification of plan assets fair value in, accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as of December 31, 2021 and 2022 is given in the Annual Labor Retirement Fund Utilization Report announced by the government. ​ (e) The principal actuarial assumptions used were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2022 ​ Discount rate 1.00 % 1.50 % Future salary increases ​ 3.00 % 3.00 % ​ Future mortality rate was estimated based on the 5th Taiwan Standard Ordinary Experience Mortality Table. Because the main actuarial assumption changed (mainly on discount rate and future salary increase rate), the present value of defined benefit obligation is affected. The analysis was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ Future salary increases ​ Increase Decrease Increase Decrease ​ 0.25% 0.25% 0.25% 0.25% December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect on present value of defined benefit obligation $ (7) ​ $ 7 ​ $ 7 ​ $ (7) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect on present value of defined benefit obligation ​ $ (5) ​ $ 5 ​ $ 5 ​ $ (5) ​ The sensitivity analysis above is based on one assumption which changed while the other conditions remain unchanged. In practice, more than one assumption may change all at once. The method of analyzing sensitivity and the method of calculating net pension liability in the balance sheet are the same. The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the previous period. (f) Expected contributions to the defined benefit pension plans of Perfect Mobile Corp. (Taiwan) for the year ending December 31, 2023 amount to $ 5 . (g) As of December 31, 2022, the weighted average duration of the retirement plan is 24 years . The expected timing of the future pension payment was as follows: ​ ​ ​ ​ ​ Within 1 year $ — 1-5 year(s) ​ — Over 5 years ​ 122 ​ ​ $ 122 ​ B. Defined contribution plans (a) Perfect Mobile Corp. (Taiwan) has established a defined contribution pension plan (the “New Plan”) under the Labor Pension Act (the “Act”), covering all regular employees with R.O.C. nationality. Under the New Plan, Perfect Mobile Corp. (Taiwan) contributes monthly an amount based on 6% of the employees’ monthly salaries and wages to the employees’ individual pension accounts at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon termination of employment. (b) The pension costs under defined contribution pension plan of Perfect Mobile Corp. (Taiwan) for the years ended December 31, 2020, 2021 and 2022 were $389, $468, and $ 501, respectively. (c) The pension costs under local government law of other foreign subsidiaries for the years ended December 31, 2020, 2021 and 2022 were $ 90 , $ 143 , and $ 172 , respectively. 6(12) Share-based payment A. Share Incentive Plan On December 13, 2021, the Board approved and adopted the Share Incentive Plan to issue stock option of 30,000 thousand units.Prior to the recapitalization, each unit was eligible to subscribe for one Perfect Common Share. In connection with the Recapitalization, an equitable adjustment has been made to the exercised price, number of shares and class of shares to be issued. The exercised price are changed from $0.7 (in dollars) to $3.95 (in dollars) per share. The maximum aggregate number of the Common Shares that may be issued upon exercise of all options to be granted under the Share Incentive Plan are 5,311 thousand Common Shar

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions
Related Party Transactions	7. Related Party Transactions 7(1) Names of related parties and relationship ​ Names of related parties Relationship with the Group CyberLink Corp. (CyberLink) ​ Other related party (Significant influence (Note) over the reporting entity) ​ CyberLink Inc. (CyberLink-Japan) ​ Other related party (Subsidiary of CyberLink) ​ ​ Note: CyberLink owns more than 30% of the reporting entity’s issued and outstanding ordinary shares. ​ 7(2) Significant related party transactions A. Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Service revenue: ​ ​ ​ CyberLink $ 27 $ 35 $ 28 ​ Sales of services are negotiated with related parties based on agreed-upon agreement and the conditions and payment terms are same as third parties. B. Other payables ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2022 CyberLink $ 44 $ 38 CyberLink-Japan ​ 29 ​ 25 ​ $ 73 $ 63 ​ Other payables are mainly expenses from professional service, rental and payments on behalf of others. C. Operating expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ Description 2020 2021 2022 CyberLink Management service fee $ 157 $ 128 $ 80 ​ CyberLink provides support and assistance in legal services, network infrastructure and equipment maintenance services, marketing activity supports and employee training programs. The service fees are calculated based on the agreed-upon hourly rate. The conditions and payment terms are same as third parties. D. Lease transactions — lessee/rent expense (a) The Group leases offices from CyberLink and CyberLink-Japan. Rental contracts are typically made for periods of 1 ~ 2 years . The rents were paid to CyberLink and CyberLink-Japan at the beginning of next month and each quarter, respectively. (b) Rent expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 CyberLink-Japan ​ $ 91 ​ $ 99 ​ $ 90 ​ (c) Acquisition of right-of-use assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 CyberLink ​ $ — ​ $ 530 ​ $ — ​ (d) Lease liabilities i. Outstanding balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Total lease liabilities ​ $ 429 ​ $ 145 Less: Current portion (shown as ‘current lease liabilities’) ​ (268) ​ (145) ​ ​ $ 161 ​ $ — ​ ii. Interest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 CyberLink ​ $ 4 ​ $ 4 ​ $ 5 ​ 7(3) Key management compensation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 ​ 2021 ​ 2022 Salaries and other short-term employee benefits ​ $ 1,691 ​ $ 1,711 ​ $ 2,330 Share-based payment ​ 83 ​ 314 ​ 416 Post-employment benefits ​ 11 ​ 12 ​ 11 ​ ​ $ 1,785 ​ $ 2,037 ​ $ 2,757 ​ The unpaid portion of the aforementioned information were $- and $112 for December 31, 2021 and 2022.

Pledged Assets

Pledged Assets	12 Months Ended
	Dec. 31, 2022
Pledged Assets
Pledged Assets	8. Pledged Assets None.

Significant Contingent Liabilit

Significant Contingent Liabilities and Unrecognized Contract Commitments	12 Months Ended
	Dec. 31, 2022
Significant Contingent Liabilities and Unrecognized Contract Commitments
Significant Contingent Liabilities and Unrecognized Contract Commitments	9. Significant Contingent Liabilities and Unrecognized Contract Commitments 9(1) Contingencies None. 9(2) Commitments Except for Notes 6(6), 6(8) and 7(2), there is no other significant commitments.

Significant Disaster Loss

Significant Disaster Loss	12 Months Ended
	Dec. 31, 2022
Significant Disaster Loss
Significant Disaster Loss	10. Significant Disaster Loss None.

Significant Events After the Ba

Significant Events After the Balance Sheet Date	12 Months Ended
	Dec. 31, 2022
Significant Events After the Balance Sheet Date
Significant Events After the Balance Sheet Date	11. Significant Events After the Balance Sheet Date None

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Information
Segment Information	13. Segment Information 13(1) General information Although the Group has multiple operating segments by geography, the management takes the aggregation criteria outlined in Paragraphs 11 to 14 of IFRS 8 into consideration to decide the reportable operating segments. In light of the qualitative and quantitative criteria, the Group concluded that it has only one reportable operating segment. 13(2) Geographical information Geographical information for the years ended December 31, 2020, 2021 and 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 ​ ​ Revenue ​ Revenue ​ Revenue United States ​ $ 14,965 ​ $ 20,173 ​ $ 24,291 Japan ​ 3,236 ​ 4,520 ​ 4,717 France ​ 3,219 ​ 3,206 ​ 3,431 Others ​ 8,453 ​ 12,861 ​ 14,861 ​ ​ $ 29,873 ​ $ 40,760 ​ $ 47,300 ​ Geographical information on the revenue shows the location in which sales were generated. Non-current assets amounted to $1,127 and $731 as of December 31, 2021 and 2022, respectively. Substantially all of the Company’s non-current assets, including property, plant and equipment, right-of-use assets and intangible assets, are located in Taiwan. 13(3) Major customer information Major customer information of the Group (exceed 10% of revenue) for the years ended December 31, 2020, 2021 and 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 ​ ​ Revenue ​ Revenue ​ Revenue Client A ​ $ 5,708 ​ $ 5,869 ​ $ 5,195 ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Compliance statement	4(1) Compliance statement The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards as issued by the IASB (“IFRSs”).
Basis of preparation	4(2) Basis of preparation A. Except for the following items, the consolidated financial statements have been prepared under the historical cost convention: (a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss. (b) Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligation. B. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.
Basis of consolidation	4(3) Basis of consolidation A. Basis for preparation of consolidated financial statements: (a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries. (b) Inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group. (c) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognized in profit or loss. All amounts previously recognized in other comprehensive income in relation to the subsidiary are reclassified to profit or loss on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognized in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of. B. Subsidiaries included in the consolidated financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ownership (%) ​ ​ Name of ​ Main business ​ December 31, December 31, Name of investor subsidiary Activities 2021 2022 The Company Perfect Mobile Corp. (Taiwan) Design, development, marketing and sales of AR/AI SaaS solution and mobile applications. 100% ​ 100% The Company Perfect Corp. (USA) Marketing and sales of AR/AI SaaS solution 100% ​ 100% The Company Perfect Corp. (Japan) Marketing and sales of AR/AI SaaS solution. 100% ​ 100% The Company Perfect Corp. (Shanghai) Marketing and sales of AR/AI SaaS solution. 100% ​ 100% The Company Perfect Mobile Corp.(B.V.I.) Investment activities 100% ​ 100% The Company Beauty Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% —% The Company Fashion Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% 100% Perfect Mobile Corp. (Taiwan) ​ Perfect Corp. (France) ​ Marketing and Service Center for sales of AR/AI SaaS solution. ​ —% ​ 100%(Note) Perfect Mobile Corp.(B.V.I.) Perfect Mobile Limited. (Hong Kong) No business activity in 2019 and 2020, and deregistered on May 21, 2021 Not applicable ​ Not applicable ​ Note: Perfect Corp. (France) was established in 2022 and with no business activity during 2022. C. Subsidiaries not included in the consolidated financial statements: None. D. Adjustments for subsidiaries with different balance sheet dates: None. E. Significant restrictions: None. F. Subsidiaries that have non-controlling interests that are material to the Group: None.
Foreign currency translation	4(4) Foreign currency translation Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in United States dollars, which is the Company’s functional and the Group’s presentation currency. A. Foreign currency transactions and balances (a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognized in profit or loss in the period in which they arise. (b) Monetary assets and liabilities denominated in foreign currencies at the period end are re-translated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognized in profit or loss. (c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions. (d) All foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’. B. Translation of foreign operations The operating results and financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: (a) Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet; (b) Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and (c) All resulting exchange differences are recognized in other comprehensive income.
Classification of current and non-current items	4(5) Classification of current and non-current items A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets: (a) Assets arising from operating activities that are expected to be realized, or are intended to be sold or consumed within the normal operating cycle; (b) Assets held mainly for trading purposes; (c) Assets that are expected to be realized within twelve months from the balance sheet date; (d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to settle liabilities more than twelve months after the balance sheet date. B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities: (a) Liabilities that are expected to be settled within the normal operating cycle; (b) Liabilities arising mainly from trading activities; (c) Liabilities that are to be settled within twelve months from the balance sheet date; (d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.
Cash equivalents	4(6) Cash equivalents Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.
Financial assets at amortised cost	4(7) Financial assets at amortized cost A. Financial assets at amortized cost are those that meet all of the following criteria: (a) The objective of the Group’s business model is achieved by collecting contractual cash flows. (b) The assets’ contractual cash flows represent solely payments of principal and interest. B. On a regular way purchase or sale basis, financial assets at amortized cost are recognized and derecognized using trade date accounting. C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognized in profit or loss when the asset is derecognized or impaired. D. The Group’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial.
Accounts receivable	4(8) Accounts receivable A. Accounts receivable entitle the Group a legal right to receive consideration in exchange for transferred goods or rendered services. B. The short-term accounts receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
Impairment of financial assets	4(9) Impairment of financial assets For financial assets at amortized cost, at each reporting date, the Group recognizes the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognizes the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Group recognizes the impairment provision for lifetime ECLs.
Derecognition of financial assets and liabilities	4(10) Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to receive the cash flows from the financial asset expire. 4(18) Derecognition of financial liabilities A financial liability is derecognized when the obligation specified in the contract is either discharged or cancelled or expires.
Inventories	4(11) Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted-average method. The item by item approach is used in applying the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and applicable variable selling expenses.
Property, plant and equipment	4(12) Property, plant and equipment A. Property, plant and equipment are initially recorded at cost. B. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred. C. Property, plant and equipment apply cost model and are depreciated using the straight-line method, except that the accelerated depreciation method is used by the US subsidiary, to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately. D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property, plant and equipment are as follows: ​ Leasehold improvements 2~3 years (or the lesser of the contract period of the lease) Machinery ​ 3 ​ years Office equipment ​ 5 ​ years ​
Leasing arrangements (lessee) - right-of-use assets/ lease liabilities	4(13) Leasing arrangements (lessee)  —  right-of-use assets/ lease liabilities A. Leases are recognized as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of low-value assets, lease payments are recognized as an expense on a straight-line basis over the lease term. B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are comprised of fixed payments, less any lease incentives receivable. The Group subsequently measures the lease liability at amortized cost using the interest method and recognizes interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognized as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications. C. At the commencement date, the right-of-use asset is stated at cost comprising the amount of the initial measurement of lease liability. The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognized as an adjustment to the right-of-use asset.
Intangible assets	4(14) Intangible assets A. Computer software Computer software is stated at cost and amortized on a straight-line basis over its estimated useful life of 3 years. B. Other intangible assets, mainly composed of royalties which paid for program source code and intellectual property rights, are amortized on a straight-line basis over their estimated useful lives of 3 years .
Impairment of non-financial assets	4(15) Impairment of non-financial assets The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. When the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortized historical cost would have been if the impairment had not been recognized.
Accounts payable	4(16) Accounts payable A. Accounts payable are liabilities for purchases of goods or services. B. The short-term accounts payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
Financial liabilities at fair value through profit or loss	4(17) Financial liabilities at fair value through profit or loss A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorized as financial liabilities held for trading unless they are designated as hedges. Financial liabilities that meet one of the following criteria are designated as financial liabilities at fair value through profit or loss on initial recognition: (a) Hybrid (combined) contracts; or (b) They eliminate or significantly reduce a measurement or recognition inconsistency; or (c) They are managed and their performance is evaluated on a fair value basis, in accordance with a documented risk management policy. As part of Business Combination, warrants sold and issued by Provident were automatically converted to Perfect Warrants. These warrants are financial liabilities measured at fair value through profit or loss. The issuances of the preferred shares with the conversion options by the Group, was recognized under ‘financial liabilities designated as at fair value through profit or loss on initial recognition’ due to their compound instrument feature. B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss. C. If the credit risk results in fair value changes in financial liabilities designated as at fair value through profit or loss, they are recognized in other comprehensive income in the circumstances other than avoiding accounting mismatch or recognizing in profit or loss for loan commitments or financial guarantee contracts.
Provisions	4(19) Provisions Provisions (warranties) are recognized when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are measured at the initial estimated amount as the effect of discounting is immaterial.
Employee benefits	4(20) Employee benefits A. Short-term employee benefits Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognized as expense in that period when the employees render service. B. Pensions (a) Defined contribution plans For defined contribution plans, the contributions are recognized as pension expense when they are due on an accrual basis. Prepaid contributions are recognized as an asset to the extent of a cash refund or a reduction in the future payments. (b) Defined benefit plan i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Group in current period or prior periods. The liability recognized in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability; when there is no deep market in high-quality corporate bonds, the Group uses interest rates of government bonds (at the balance sheet date) instead. ii. Remeasurements arising on defined benefit plans are recognized in other comprehensive income in the period in which they arise and are recorded as retained earnings.
Employee share-based payment	4(21) Employee share-based payment A. For the equity-settled share-based payment arrangements, the employee services received are measured at the fair value of the equity instruments granted at the grant date, and are recognized as compensation cost over the vesting period, with a corresponding adjustment to equity. The fair value of the equity instruments granted shall reflect the impact of market vesting conditions and non-vesting conditions. Compensation cost is subject to adjustment based on the service conditions that are expected to be satisfied and the estimates of the number of equity instruments that are expected to vest under the non-market vesting conditions at each balance sheet date. Ultimately, the amount of compensation cost recognized is based on the number of equity instruments that eventually vest. B. If the modification occurs during the vesting period, the incremental fair value granted is included in the measurement of the amount recognized for services received over the period from the modification date until the date when the modified equity instruments vest, in addition to the amount based on the grant date fair value of the original equity instruments, which is recognized over the remainder of the original vesting period.
Income tax	4(22) Income tax A. The tax expense for the period comprises current and deferred tax. Tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized in other comprehensive income or equity. B. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings of the Company’s subsidiary in Taiwan and is recorded as income tax expense in the year the stockholders resolve to retain the earnings. C. Deferred income tax is recognized, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. However, the deferred income tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. D. Deferred income tax assets are recognized only to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At each balance sheet date, unrecognized and recognized deferred income tax assets are reassessed. E. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax income assets against current income tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously.
Share capital	4(23) Share capital A. Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds. B. Where the Company repurchases the Company’s equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company’s equity holders.
Revenue recognition	4(24) Revenue recognition A. The Group has three major revenue streams: (1) Licensing; (2) AR/AI cloud solutions and Subscription; and (3) Advertisement. Among that (1) Licensing and (2) AR/AI cloud solutions and Subscription constitute our core SaaS solutions. B. In terms of Licensing, it could be divided into the following two categories: (a) Designing and developing apps to brand customers The Group delivers services based on customers’ requests. Once the customer accepts and the customized apps or licenses have been transferred, no further upgrade or revise service would be made by the Group. The customer receives and consumes the benefits provided by the Group at the point the customized apps or licenses have been transferred to them. Those services are only created for the specific customer without alternative use to the Group, and the right to payment is irrelevant to the performance obligation’s milestone. As a result, revenue is recognized at a point in time. (b) Granting license of self-developed technologies to brand customers The Group promises to provide a right to use the Group’s intellectual property as that intellectual property exists at the point in time at which the license is granted to the customer. The licensing includes licensing offline technology SDK (Software Development Kit) and AR/AI offline solutions. The SDK is to implement virtual try-on function to apps of brand customers which allow app users visiting. The AR/AI offline solutions is to implement virtual try-on function to applications which used in retail store. Once the function is implemented, the Group has fulfilled its performance obligation without further update. The brand customer can direct the use of, and obtain substantially all of the remaining benefits from the license at the point in time at which the license transfers. C. In terms of AR/AI cloud solutions and Subscription, the AR/AI cloud solutions are provided to brand customers, and the Subscription is provided to individual customers. Customers simultaneously receive and consume the benefits provided by the Group’s performance. (a) For AR/AI cloud solutions: The AR/AI cloud solutions are to implement virtual try-on function to websites of customers which allow internet users to visit. Internet users are able to use virtual try-on such as makeup, skincare, hair, nail, etc. The AR/AI cloud solutions are consecutively provided by the Group include future updates to its customers throughout the contract period. The typical contract terms of providing AR/AI cloud solutions to customers range from three months to multi-years, among which one year term is the most, the contract consideration was fixed and determined by the following factors: 1) functionality of the modules (eg. makeup, skincare, hair, nail, etc); 2) length of the contract period; 3) geographical coverage such as the number of countries/region to deploy the modules or the number of website domains to integrate our modules; 4) maximum numbers of product SKUs that a brand can utilize at the same time; and 5) additional manpower hours used for conducting the customization, if any. Once the contract is agreed by customers and the Group, the performance obligations among the contract is fixed with a stand ready feature. The Group then provides services to customers based on the contract. The Group applied output methods to recognize revenue on the straight-line basis through the contract period. Those services provided by the Group would be realized evenly during the contract period. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. (b) For Subscription: The Subscription is the Group provides premium functions in apps to customers which allow customers to subscribe through Apple App store and Google Play store. Customers who subscribe the premium functions are allowed to use the complete additional functions in the apps, remove watermarks and ad-free editing, etc. The Group currently offer monthly and yearly subscription plans (price varies by country) for such premium functions service. Apple App store and Google Play store play as platform provider for the Group to list its apps on the stores. The Group is considered as a principal on providing premium functions in apps to customers given that the Group is obliged to provide service to its customers and the Group has the right to determine the selling price of the service. Apple App store and Google Play store also claim a commission expenses from the Group based on the revenue generate from providing premium functions. The commission expenses are recognized as cost of sales and services. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. D. In terms of Advertisement, revenue is generated from the advertisements displayed by advertisement network service providers (ad networks) in the Group’s apps. The consideration of such service is determined based on the frequency of click or impression (usage-based) of the advertisement, which should be treated as a variable consideration. The typical contract term is monthly. The numbers of advertisements are delivered and the associated fees are tracked on a daily basis, and the Group recognized revenue on a monthly basis based on the daily collected information. E. When the Group enters into contracts which contain multiple performance obligations through B to D, the Group allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The stand-alone selling price is the price at which the Group sells a good or service separately to a customer.
Cost of sales and services	4(25) Cost of sales and services Cost of sales and services primarily consists of costs related to platform commission fees paid to platform owners, payroll costs directly related to sales and services activities, accrued provision and costs of sales of products.
Government grants	4(26) Government grants Government grants are recognized at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Group recognizes expenses for the related costs for which the grants are intended to compensate.
Operating segments	4(27) Operating segments Operating segments are reported in a manner consistent with the economic characteristics as well as types of products and services from which each operating segment derives its revenues, and the internal reporting provided to the chief operating decision maker. The Group’s chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the CEO (who is also the chairman of the Board of Directors) that makes strategic decisions. Although the Group has multiple operating segments by geography, the management takes the aggregation criteria outlined in Paragraphs 11 to 14 of IFRS 8 into consideration to determine the reportable operating segments. The judgements made by management in applying the aggregation criteria are based on the similarity of economic characteristics of these operating segments  —  (a) the nature of the services: The operating segments grant license of mobile applications or platforms and provide advertising services for their customers; (b) the type or class of customer for their services: The customer types of operating segments are mainly cosmetics companies and social media companies with high similarity in industry; (c) the methods used to provide their services: The services provided are mainly customized software. Perfect Mobile Corp., the Taiwan segment, serves as the core center of research, development, and design, and then all operating segments  —  including Perfect Mobile Corp. itself  —  deliver those services to their customers. All operating segments follow the same service providing process. In light of the qualitative and quantitative criteria, the Group concluded that it has only one reportable operating segment.
Recapitalization	4(28) Recapitalization The Recapitalization has been accounted for with Provident being identified as the “acquired” entity for financial reporting purposes. Accordingly, the Recapitalization has been accounted for as the equivalent of the Group issuing shares for the net assets of Provident, accompanied by a recapitalization with third party investors. The net assets of Provident were recognized at their net carrying amounts with no goodwill or other intangible assets. The acquisition of the net assets of Provident on the Closing Date does not meet the definition of a business combination under IFRS 3—Business Combinations and has therefore been accounted for within the scope of IFRS 2—Share-based Payments, with the former Provident shareholders receiving Perfect Class A Ordinary Shares based on Business Combination Agreement or requested redemption. The excess of fair value of Perfect Ordinary Shares issued over the fair value of Provident’s identifiable net assets acquired represents compensation for the service of a stock exchange listing for its shares and was expensed as incurred.

Application of New Standards,_2

Application of New Standards, Amendments and Interpretations (Tables)	12 Months Ended
	Dec. 31, 2022
Application of New Standards, Amendments and Interpretations
Summary of new and amended standards adopted by the Group	​ New Standards, Interpretations and Amendments Effective date by IASB Amendments to IFRS 3, ‘Reference to the conceptual framework’ ​ January 1, 2022 Amendments to IAS 16, ‘Property, plant and equipment: proceeds before intended use’ ​ January 1, 2022 Amendments to IAS 37, ‘Onerous contracts—cost of fulfilling a contract’ ​ January 1, 2022 Annual improvements to IFRS Standards 2018–2020 ​ January 1, 2022 ​
Summary of new and revised International Financial Reporting Standards not yet adopted	​ New Standards, Interpretations and Amendments Effective date by IASB Amendments to IAS 1, ‘Disclosure of accounting policies’ ​ January 1, 2023 Amendments to IAS 8, ‘Definition of accounting estimates’ ​ January 1, 2023 Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’ ​ January 1, 2023 Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ ​ To be determined by IASB Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’ ​ January 1, 2024 Amendments to IAS 1, ‘Classification of liabilities as current or non-current’ ​ January 1, 2024 Amendments to IAS 1, ‘Non-current liabilities with covenants’ ​ January 1, 2024 ​

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Summary of subsidiaries included in the consolidated financial statements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ownership (%) ​ ​ Name of ​ Main business ​ December 31, December 31, Name of investor subsidiary Activities 2021 2022 The Company Perfect Mobile Corp. (Taiwan) Design, development, marketing and sales of AR/AI SaaS solution and mobile applications. 100% ​ 100% The Company Perfect Corp. (USA) Marketing and sales of AR/AI SaaS solution 100% ​ 100% The Company Perfect Corp. (Japan) Marketing and sales of AR/AI SaaS solution. 100% ​ 100% The Company Perfect Corp. (Shanghai) Marketing and sales of AR/AI SaaS solution. 100% ​ 100% The Company Perfect Mobile Corp.(B.V.I.) Investment activities 100% ​ 100% The Company Beauty Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% —% The Company Fashion Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% 100% Perfect Mobile Corp. (Taiwan) ​ Perfect Corp. (France) ​ Marketing and Service Center for sales of AR/AI SaaS solution. ​ —% ​ 100%(Note) Perfect Mobile Corp.(B.V.I.) Perfect Mobile Limited. (Hong Kong) No business activity in 2019 and 2020, and deregistered on May 21, 2021 Not applicable ​ Not applicable ​
Summary of estimated useful lives of property, plant and equipment	​ Leasehold improvements 2~3 years (or the lesser of the contract period of the lease) Machinery ​ 3 ​ years Office equipment ​ 5 ​ years ​

Details of Significant Accoun_2

Details of Significant Accounts (Tables)	12 Months Ended
	Dec. 31, 2022
Details of Significant Accounts
Schedule of cash and cash equivalents	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Petty cash ​ $ 1 ​ $ 1 Checking accounts ​ 1,882 ​ 1,279 Demand deposits ​ 38,591 ​ 11,777 Time deposits ​ 39,800 ​ 149,300 Others ​ 179 ​ 259 ​ ​ $ 80,453 ​ $ 162,616 ​
Schedule of current financial assets at amortized cost	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Time deposits with maturities over three months ​ $ — ​ $ 30,000 ​
Schedule of accounts receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Accounts receivable ​ $ 6,568 ​ $ 7,756 ​ A.
Schedule of ageing analysis of accounts receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Not past due ​ $ 5,773 ​ $ 6,062 Up to 30 days ​ 508 ​ 851 31 to 90 days ​ 121 ​ 327 91 to 180 days ​ 138 ​ 417 Over 181 days ​ 28 ​ 99 ​ ​ $ 6,568 ​ $ 7,756 ​
Schedule of other current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Prepaid expenses ​ $ 254 ​ $ 4,617 Others ​ 45 ​ 88 ​ ​ $ 299 ​ $ 4,705 ​
Schedule of property, plant and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Leasehold ​ ​ ​ ​ Office ​ ​ ​ ​ improvements Machinery equipment Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 473 ​ $ 457 ​ $ 24 ​ $ 954 Accumulated depreciation ​ (296) ​ (193) ​ (13) ​ (502) ​ ​ $ 177 ​ $ 264 ​ $ 11 ​ $ 452 Opening net book amount ​ $ 177 ​ $ 264 ​ $ 11 ​ $ 452 Additions ​ 34 ​ 97 ​ 23 ​ 154 Cost of disposals ​ (6) ​ (12) ​ — ​ (18) Accumulated depreciation on disposals ​ ​ 6 ​ ​ 12 ​ ​ — ​ ​ 18 Depreciation expense ​ (93) ​ (110) ​ (6) ​ (209) Net exchange differences ​ 5 ​ 5 ​ — ​ 10 Closing net book amount ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 516 ​ $ 552 ​ $ 48 ​ $ 1,116 Accumulated depreciation ​ (393) ​ (296) ​ (20) ​ (709) ​ ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ Leasehold ​ ​ ​ ​ Office ​ ​ ​ ​ ​ improvements Machinery equipment Total At January 1 ​ $ ​ ​ $ ​ ​ $ ​ ​ $ ​ Cost ​ ​ 516 ​ ​ 552 ​ ​ 48 ​ ​ 1,116 Accumulated depreciation ​ (393) ​ (296) ​ (20) ​ (709) ​ ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 Opening net book amount ​ $ 123 ​ $ 256 ​ $ 28 ​ $ 407 Additions ​ 58 ​ 107 ​ — ​ 165 Cost of disposals ​ — ​ — ​ — ​ — Accumulated depreciation on disposals ​ — ​ — ​ — ​ — Depreciation expense ​ (119) ​ (119) ​ (9) ​ (247) Net exchange differences ​ (11) ​ (24) ​ (1) ​ (36) Closing net book amount ​ $ 51 ​ $ 220 ​ $ 18 ​ $ 289 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 521 ​ $ 602 ​ $ 46 ​ $ 1,169 Accumulated depreciation ​ (470) ​ (382) ​ (28) ​ (880) ​ ​ $ 51 ​ $ 220 ​ $ 18 ​ $ 289 ​
Schedule of movements of right-of-use assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ Buildings Business vehicles Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 776 ​ $ — ​ $ 776 Accumulated depreciation ​ (457) ​ — ​ (457) ​ ​ $ 319 ​ $ — ​ $ 319 Opening net book amount ​ $ 319 ​ $ — ​ $ 319 Additions ​ 530 ​ 148 ​ 678 Cost of derecognition ​ (432) ​ — ​ (432) Derecognized accumulated depreciation ​ 432 ​ — ​ 432 Depreciation expense ​ ​ (339) ​ ​ (50) ​ ​ (389) Net exchange differences ​ ​ 11 ​ ​ 1 ​ ​ 12 Closing net book amount ​ $ 521 ​ $ 99 ​ $ 620 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 898 ​ $ 149 ​ $ 1,047 Accumulated depreciation ​ (377) ​ (50) ​ (427) ​ ​ $ 521 ​ $ 99 ​ $ 620 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ Buildings Business vehicles Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 898 ​ $ 149 ​ $ 1,047 Accumulated depreciation ​ (377) ​ (50) ​ (427) ​ ​ $ 521 ​ $ 99 ​ $ 620 Opening net book amount ​ $ 521 ​ $ 99 ​ $ 620 Additions ​ 137 ​ 76 ​ 213 Cost of derecognition ​ (137) ​ — ​ (137) Derecognized accumulated depreciation ​ 137 ​ — ​ 137 Depreciation expense ​ (361) ​ (95) ​ (456) Net exchange differences ​ (45) ​ (9) ​ (54) Closing net book amount ​ $ 252 ​ $ 71 ​ $ 323 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 809 ​ $ 208 ​ $ 1,017 Accumulated depreciation ​ (557) ​ (137) ​ (694) ​ ​ $ 252 ​ $ 71 ​ $ 323 ​ D. Lease liabilities relating to lease contracts:
Schedule of lease liabilities relating to lease contracts	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Total lease liabilities ​ $ 638 ​ $ 338 Less: current portion (shown as ‘current lease liabilities’) ​ (449) ​ (251) ​ ​ $ 189 ​ $ 87 ​ E. The information on profit and loss accounts relating to lease contracts is as follows:
Schedule of information on profit and loss accounts relating to lease contracts	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Items affecting profit or loss ​ ​ ​ ​ ​ ​ Interest expense on lease liabilities ​ $ 9 ​ $ 9 ​ $ 8 Expense on short-term lease contracts ​ 292 ​ 391 ​ 383 ​ ​ $ 301 ​ $ 400 ​ $ 391 ​ F. For the years ended December 31, 2020, 2021 and 2022, the Group’s total cash outflow for leases were $ 606 , $ 793 and $ 848 , respectively, including the interest expense on lease liabilities amounting to $ 9 , $ 9 and $ 8 , expense on short-term lease contracts amounting to $ 292 , $ 391 and $ 383 , and repayments of principal portion of lease liabilities amounting to $ 305 , $ 393 and $ 457 , respectively.
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Software intangible assets Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 196 ​ $ 3,257 ​ $ 3,453 Accumulated amortization ​ (163) ​ (3,177) ​ (3,340) ​ ​ $ 33 ​ $ 80 ​ $ 113 Opening net book amount ​ $ 33 ​ $ 80 ​ $ 113 Additions ​ 32 ​ — ​ 32 Cost of disposals ​ ​ (153) ​ ​ (3,177) ​ ​ (3,330) Accumulated amortization on disposals ​ ​ 153 ​ ​ 3,177 ​ ​ 3,330 Amortization charge ​ (20) ​ (27) ​ (47) Net exchange differences ​ — ​ 2 ​ 2 Closing net book amount ​ $ 45 ​ $ 55 ​ $ 100 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 78 ​ $ 82 ​ $ 160 Accumulated amortization ​ (33) ​ (27) ​ (60) ​ ​ $ 45 ​ $ 55 ​ $ 100 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ ​ Other ​ ​ ​ ​ Software ​ intangible assets ​ Total At January 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 78 ​ $ 82 ​ $ 160 Accumulated amortization ​ (33) ​ (27) ​ (60) ​ ​ $ 45 ​ $ 55 ​ $ 100 Opening net book amount ​ $ 45 ​ $ 55 ​ $ 100 Additions ​ 78 ​ 15 ​ 93 Cost of disposals ​ (43) ​ — ​ (43) Accumulated amortization on disposals ​ 43 ​ — ​ 43 Amortization charge ​ (36) ​ (27) ​ (63) Net exchange differences ​ (6) ​ (5) ​ (11) Closing net book amount ​ $ 81 ​ $ 38 ​ $ 119 At December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ $ 104 ​ $ 89 ​ $ 193 Accumulated amortization ​ (23) ​ (51) ​ (74) ​ ​ $ 81 ​ $ 38 ​ $ 119 ​
Schedule of amortization on intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Research and development expenses ​ $ 36 ​ $ 47 ​ $ 63 ​
Schedule of financial liabilities at fair value through profit or loss	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Non-current items: ​ ​ ​ ​ ​ ​ Warrant liabilities ​ $ — ​ $ 8,431 Add: Valuation adjustment ​ ​ — ​ ​ (5,224) Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities ​ ​ 105,469 ​ ​ — Add: Valuation adjustment ​ 153,761 ​ — ​ ​ $ 259,230 ​ $ 3,207 ​
Schedule of amounts recognized in profit or loss and other comprehensive income in relation to financial liabilities at fair value through profit or loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Net losses recognized in profit or loss ​ ​ ​ Warrant liabilities $ — $ — $ 5,224 Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities ​ ​ (2,022) ​ ​ (150,745) ​ ​ (99,001) ​ ​ $ (2,022) ​ $ (150,745) ​ $ (93,777) Net losses recognized in other comprehensive income ​ ​ ​ Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities ​ $ — ​ $ (58) ​ $ (7) ​
Schedule of movement in all kinds of Perfect warrants	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Private Forward ​ ​ Public ​ Placement ​ Purchase ​ ​ Warrants ​ Warrants ​ Warrants At January 1, 2022 — — — Converted from Provident’s warrants as part of business combination 11,500 6,600 2,750 Exercised — — — At December 31, 2022 11,500 6,600 2,750 ​
Schedule of other payables	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Employee bonus ​ $ 3,766 ​ $ 4,038 Payroll ​ 1,934 ​ 2,130 Remuneration to directors and supervisors ​ ​ — ​ ​ 53 Promotional fees ​ 851 ​ 1,039 Professional service fees ​ 1,358 ​ 1,371 Sales VAT payables ​ 225 ​ 175 Post and telecommunications expenses ​ 178 ​ 173 Others ​ ​ 394 ​ ​ 329 ​ ​ $ 8,706 ​ $ 9,308 ​
Schedule of provisions	​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2022 ​ Warranty Warranty At January 1 ​ $ 480 ​ $ 1,058 Additional provisions ​ 734 ​ 897 Used during the year ​ (148) ​ - Net exchange differences ​ (8) ​ (100) At December 31 ​ $ 1,058 ​ $ 1,855 ​
Schedule of analysis of total provisions	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Current ​ $ 1,058 ​ $ 1,855 ​
Schedule of net defined benefit liability amounts recognized in the balance sheet	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Present value of defined benefit obligations ​ $ (113) ​ $ (84) Fair value of plan assets ​ 9 ​ 11 Net defined benefit liability ​ $ (104) ​ $ (73) ​ (c)
Schedule of movements in net defined benefit liability	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Present value ​ ​ ​ ​ ​ ​ ​ ​ of defined benefit ​ Fair value of ​ Net defined ​ obligations plan assets benefit liability At January 1 ​ $ (84) ​ $ 7 ​ $ (77) Current service cost ​ (2) ​ — ​ (2) ​ ​ (86) ​ 7 ​ (79) Remeasurements: ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in demographic assumptions ​ (8) ​ — ​ (8) Change in financial assumptions ​ 16 ​ — ​ 16 Experience adjustments ​ (32) ​ — ​ (32) ​ ​ (24) ​ — ​ (24) Pension fund contribution ​ — ​ 2 ​ 2 Net exchange differences ​ (3) ​ — ​ (3) Balance at December 31 ​ $ (113) ​ $ 9 ​ $ (104) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ Present value ​ ​ ​ ​ ​ ​ of defined benefit ​ Fair value of ​ Net defined ​ ​ obligations ​ plan assets ​ benefit liability At January 1 ​ $ (113) ​ $ 9 ​ $ (104) Current service cost ​ (2) ​ — ​ (2) Interest (expense) income ​ (1) ​ — ​ (1) ​ ​ ​ (116) ​ ​ 9 ​ ​ (107) Remeasurements: ​ ​ ​ ​ ​ ​ ​ ​ ​ Return on plan assets ​ ​ — ​ ​ 1 ​ ​ 1 Change in demographic assumptions ​ (8) ​ — ​ (8) Change in financial assumptions ​ 10 ​ — ​ 10 Experience adjustments ​ 19 ​ — ​ 19 ​ ​ 21 ​ 1 ​ 22 Pension fund contribution ​ — ​ 2 ​ 2 Net exchange differences ​ 11 ​ (1) ​ 10 Balance at December 31 ​ $ (84) ​ $ 11 ​ $ (73) ​
Schedule of principal actuarial assumptions and effect on present value of defined benefit obligation	​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2021 2022 ​ Discount rate 1.00 % 1.50 % Future salary increases ​ 3.00 % 3.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ Future salary increases ​ Increase Decrease Increase Decrease ​ 0.25% 0.25% 0.25% 0.25% December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect on present value of defined benefit obligation $ (7) ​ $ 7 ​ $ 7 ​ $ (7) December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect on present value of defined benefit obligation ​ $ (5) ​ $ 5 ​ $ 5 ​ $ (5) ​
Schedule of analysis of timing of the future pension payment	​ ​ ​ ​ ​ Within 1 year $ — 1-5 year(s) ​ — Over 5 years ​ 122 ​ ​ $ 122 ​ B. Defined contribution plans
Schedule of exchange of Perfect Shares for Perfect New Ordinary Shares as part of Reverse Recapitalization	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of shares ​ ​ Number of shares Share type ​ (in thousand) ​ ​ ​ Share type ​ (in thousand) before share ​ before share ​ ​ ​ after share ​ after share combination ​ combination ​ Conversion ratio ​ conversion ​ conversion Common shares ​ 241,650 ​ 0.17704366 ​ Class A Ordinary Shares ​ 42,782 Preferred share ​ 234,003 ​ ​ ​ 41,429 Subtotal 475,653 84,211 Common shares 86,500 0.17704366 Class B Ordinary Shares 15,314 Preferred share 8,328 1,475 Subtotal 94,828 16,789 Total 570,481 101,000 ​
Schedule of fair value of stock options granted on grant date measured using the black-scholes option-pricing model	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted ​ exercise ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ stock price ​ price per ​ Expected ​ ​ ​ ​ ​ Risk-free ​ Fair value ​ ​ Grant ​ per share ​ share ​ price ​ Expected ​ Expected ​ interest ​ per unit Plan ​ date ​ (in dollars) ​ (in dollars) ​ volatility ​ option life ​ dividends ​ rate ​ (in dollars) Share Incentive Plan ​ 2022.1.21 ​ $ 5.39 ​ $ 3.95 ​ 53.75 % 3.88 ​ 0.00 % 1.46 % $ 0.4893 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range of stock ​ Exercise ​ Range of ​ Expected ​ ​ ​ Range of risk ​ Range of fair ​ ​ price ​ price ​ expected price ​ option ​ Expected ​ free interest ​ value per unit Plan (in dollars) (in dollars) volatility life dividends rate (in dollars) 2015 Incentive Stock Option Plan ​ $ 0.0564 ~ 0.1777 ​ $ 0.1000 ​ 39.29 %~ 42.25 % 3.42 ​ 0.00 % 0.45 %~ 2.79 % $ 0.0080 ~ 0.0947 2018 Incentive Stock Option Plan ​ 0.1689 ~ 0.8931 ​ 0.3000 ​ 39.16 %~ 53.27 % 3.88 ​ 0.00 % 0.58 %~ 2.29 % 0.0228 ~ 0.6397 ​
Schedule of illustrates movement for the Company's share capital:	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Perfect Class A ​ Perfect Class B ​ ​ ​ ​ ​ ​ ​ Common Shares ​ Ordinary Shares ​ Ordinary Shares ​ Total ​ ​ ​ ​ Shares ​ ​ ​ ​ Shares ​ ​ ​ ​ Shares ​ ​ ​ ​ ​ ​ ​ ​ Note ​ (in thousand) ​ Amount ​ (in thousand) ​ Amount ​ (in thousand) ​ Amount ​ Amount At January 1, 2020 313,562 $ 31,356 — $ — — $ — $ 31,356 Employee stock option exercised 1,105 ​ 111 — ​ — — ​ — ​ 111 Shares retired B (16,270) ​ (1,627) — ​ — — ​ — ​ (1,627) At December 31, 2020 A 298,397 ​ 29,840 — ​ — — ​ — ​ 29,840 Employee stock option exercised 3,124 ​ 312 — ​ — — ​ — ​ 312 At December 31, 2021 A 301,521 ​ 30,152 — ​ — — ​ — ​ 30,152 Employee stock option exercised 26,629 ​ 2,663 — ​ — — ​ — ​ 2,663 Conversion as part of recapitalization C (328,150) ​ (32,815) 84,211 ​ 8,421 16,789 ​ 1,679 ​ (22,715) Shares Issuance to exchange Provident outstanding shares D — ​ — 17,264 ​ 1,726 — ​ — ​ 1,726 At December 31, 2022 — ​ $ — 101,475 ​ $ 10,147 16,789 ​ $ 1,679 ​ $ 11,826 ​
Schedule of capital surplus	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Additional Paid-in Capital ​ $ 308 ​ $ 554,209 Other ​ ​ Employees’ stock option cost ​ 2,563 ​ 2,162 Directors’ share-based compensation ​ — ​ 58 Subtotal ​ 2,563 ​ 2,220 ​ ​ $ 2,871 ​ $ 556,429 ​
Schedule of additional paid-in capital	​ ​ ​ ​ ​ ​ Additional ​ ​ paid-in capital At January 1, 2022 ​ $ 308 Issuance of the Perfect Class A Ordinary Shares ​ 102,237 Conversion of Perfect common shares as part of the Recapitalization ​ 380,953 Adjustment to the equity – listing expense ​ 65,264 Employee stock options exercised ​ 5,447 At December 31, 2022 ​ $ 554,209 ​
Schedule of expenses incurred on share-based payment transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Equity settled ​ $ 336 ​ $ 1,782 ​ $ 2,175 ​ D. The Group has service agreements with its Board of Directors to grant them awards of the Company’s Ordinary Shares at a fixed monetary value. Expense incurred for the year-ended December 31, 2022 was $ 58 . E. Shareholder Earnout
Schedule of revenue from contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Revenue from contracts with customers ​ $ 29,873 ​ $ 40,760 ​ $ 47,300 ​ A. (a) The Group derives revenue from the transfer of goods and services over time and at a point in time in the following geographical regions:
Schedule of disaggregation of revenue from contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ States ​ Japan ​ France ​ Others ​ Total Revenue from external customer contracts ​ $ 14,965 ​ $ 3,236 ​ $ 3,219 ​ $ 8,453 ​ $ 29,873 Timing of revenue recognition ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 5,711 ​ $ 961 ​ $ 1,102 ​ $ 2,955 ​ $ 10,729 Over time ​ ​ 9,254 ​ ​ 2,275 ​ ​ 2,117 ​ ​ 5,498 ​ ​ 19,144 ​ ​ $ 14,965 ​ $ 3,236 ​ $ 3,219 ​ $ 8,453 ​ $ 29,873 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ States ​ Japan ​ France ​ Others ​ Total Revenue from external customer contracts ​ $ 20,173 ​ $ 4,520 ​ $ 3,206 ​ $ 12,861 ​ $ 40,760 Timing of revenue recognition ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 5,114 ​ $ 676 ​ $ 771 ​ $ 2,331 ​ $ 8,892 Over time ​ ​ 15,059 ​ ​ 3,844 ​ ​ 2,435 ​ ​ 10,530 ​ ​ 31,868 ​ ​ $ 20,173 ​ $ 4,520 ​ $ 3,206 ​ $ 12,861 ​ $ 40,760 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ States ​ Japan ​ France ​ Others ​ Total Revenue from external customer contracts ​ $ 24,291 ​ $ 4,717 ​ $ 3,431 ​ $ 14,861 ​ $ 47,300 Timing of revenue recognition ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At a point in time ​ $ 5,126 ​ $ 871 ​ $ 590 ​ $ 1,979 ​ $ 8,566 Over time ​ ​ 19,165 ​ ​ 3,846 ​ ​ 2,841 ​ ​ 12,882 ​ ​ 38,734 ​ ​ $ 24,291 ​ $ 4,717 ​ $ 3,431 ​ $ 14,861 ​ $ 47,300 ​ (b) Alternatively, the disaggregation of revenue could also be distinct as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 AR/AI cloud solutions and Subscription ​ $ 17,402 ​ $ 29,470 ​ $ 36,915 Licensing ​ ​ 10,679 ​ ​ 8,857 ​ ​ 8,432 Advertisement ​ ​ 1,742 ​ ​ 2,398 ​ ​ 1,819 Others (Note) ​ ​ 50 ​ ​ 35 ​ ​ 134 ​ ​ $ 29,873 ​ $ 40,760 ​ $ 47,300 ​
Schedule of contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Contract assets: ​ ​ ​ ​ ​ ​ Unbilled revenue ​ $ — ​ $ 3,660 Contract liabilities: ​ ​ ​ ​ ​ ​ Advance sales receipts ​ $ 9,021 ​ $ 13,024 ​ (b) Revenue recognized that was included in the contract liability balance at the beginning of the period
Schedule of revenue recognized that was included in contract liability balance at beginning of the period	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Revenue recognized that was included in the contract liability balance at the beginning of the period ​ ​ ​ ​ ​ ​ ​ ​ ​ Advance sales receipts ​ $ 2,518 ​ $ 4,782 ​ $ 8,831 ​ (c) Unsatisfied contracts
Schedule of interest income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Interest income from bank deposits ​ $ 126 ​ $ 131 ​ $ 1,977 Interest income from financial assets at amortized cost ​ 117 ​ — ​ 52 ​ ​ $ 243 ​ $ 131 ​ $ 2,029 ​
Schedule of other income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Subsidy from government ​ $ 178 ​ $ 21 ​ $ 1 Others ​ 13 ​ 97 ​ 74 ​ ​ $ 191 ​ $ 118 ​ $ 75 ​
Schedule of other gains and losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Foreign exchange (losses) gains ​ $ (770) ​ $ (893) ​ $ 1,303 Losses on financial liabilities at fair value through profit or loss ​ (2,022) ​ (150,745) ​ (93,777) ​ ​ $ (2,792) ​ $ (151,638) ​ $ (92,474) ​
Schedule of finance costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Interest expense – lease liabilities ​ $ 9 ​ $ 9 ​ $ 8 ​
Schedule of costs and expenses by nature	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Cost of goods sold ​ $ 11 ​ $ 2 ​ $ 39 Employee benefit expenses ​ 18,039 ​ 23,472 ​ 27,300 Promotional fees ​ 6,511 ​ 10,841 ​ 7,517 Service providing expenses ​ 2,548 ​ 4,286 ​ 5,518 Professional service fees ​ 2,482 ​ 3,753 ​ 8,537 Warranty cost ​ 780 ​ 734 ​ 897 Depreciation of right-of-use assets ​ 306 ​ 389 ​ 456 Depreciation of property, plant and equipment ​ 150 ​ 209 ​ 247 Insurance expenses ​ ​ 63 ​ ​ 82 ​ ​ 459 Amortization of intangible assets ​ 36 ​ 47 ​ 63 Listing expense ​ ​ — ​ ​ — ​ ​ 65,264 Others ​ 1,788 ​ 1,982 ​ 2,077 ​ ​ $ 32,714 ​ $ 45,797 ​ $ 118,374 ​
Schedule of employee benefit expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 ​ 2021 ​ 2022 Wages and salaries ​ $ 15,698 ​ $ 19,328 ​ $ 22,083 Remuneration to directors and supervisors ​ ​ — ​ ​ — ​ ​ 112 Employee insurance fees ​ 1,105 ​ 1,218 ​ 1,376 Pension costs ​ 480 ​ 613 ​ 676 Employee stock options ​ 336 ​ 1,782 ​ 2,117 Other personnel expenses ​ 420 ​ 531 ​ 936 ​ ​ $ 18,039 ​ $ 23,472 ​ $ 27,300 ​
Schedule of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Current income tax: ​ ​ ​ Current tax expense recognized for the current period ​ $ 371 ​ $ 300 ​ $ 390 Prior year income tax (over) under estimation ​ (50) ​ 9 ​ 3 Total current tax ​ 321 ​ 309 ​ 393 Deferred income tax: ​ ​ ​ ​ Origination and reversal of temporary differences ​ (86) ​ (47) ​ (101) Taxable losses ​ 150 ​ 155 ​ — Total deferred income tax ​ 64 ​ 108 ​ (101) Income tax expense ​ $ 385 ​ $ 417 ​ $ 292 ​ B. Reconciliation between income tax expense and accounting loss:
Schedule of reconciliation between income tax expense and accounting loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Tax calculated based on loss before tax and statutory tax rate (Note) ​ $ (418) ​ $ (1,132) ​ $ (368) Effects from items disallowed by tax regulation ​ 208 ​ 32 ​ 46 Effects from non-deductible offshore income tax ​ 193 ​ 110 ​ 147 Tax exempt income by tax regulation ​ (14) ​ — ​ — Temporary difference not recognized as deferred income tax assets ​ 150 ​ 497 ​ 141 Prior year income tax (over) under estimation ​ (50) ​ 9 ​ 3 Taxable loss not recognized as deferred income tax assets ​ 173 ​ 893 ​ 638 Change in assessment of realization of deferred income tax assets ​ (136) ​ — ​ (301) Effects from other states apart from where United States subsidiary registered ​ 31 ​ 7 ​ 8 Effect from Japan provisional tax offsetting income tax ​ (5) ​ — ​ — Others ​ 253 ​ 1 ​ (22) Income tax expense ​ $ 385 ​ $ 417 ​ $ 292 ​
Schedule of statutory tax raters for significant jurisdictions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, Jurisdictions ​ 2020 ​ 2021 ​ 2022 United States (Federal/State) 21%/8.84 % 21%/8.84 % 21%/8.84 % Japan 37.47 % 34.45 % 35.73 % Taiwan 20 % 20 % 20 % ​ C. Amounts of deferred income tax assets or liabilities as a result of temporary differences and tax losses are as follows:
Schedule of deferred income tax assets or liabilities as a result of temporary differences and tax losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ ​ ​ ​ Recognized in ​ Net exchange ​ ​ ​ ​ ​ January 1 profit or loss differences December 31 Deferred income tax assets: ​ ​ ​ ​  – Temporary differences: ​ ​ ​ ​ Unrealized expenses ​ $ 110 ​ $ 63 ​ $ (15) ​ $ 158 Unrealized exchange losses ​ 14 ​ (15) ​ (1) ​ (2) Others ​ 10 ​ (1) ​ — ​ 9  – Taxable losses ​ 165 ​ (155) ​ (10) ​ — ​ ​ $ 299 ​ $ (108) ​ $ (26) ​ $ 165 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ ​ Recognized in Net exchange ​ ​ ​ January 1 profit or loss differences December 31 Deferred income tax assets: ​ ​ ​ ​ ​ ​ ​ ​ ​  – Temporary differences: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized expenses ​ $ 158 ​ $ 91 ​ $ (21) ​ $ 228 Unrealized exchange losses ​ (2) ​ 2 ​ — ​ — Others ​ 9 ​ 8 ​ (1) ​ 16 ​ ​ $ 165 ​ $ 101 ​ $ (22) ​ $ 244 ​ D. Expiration dates of unused taxable losses and amounts of unrecognized deferred income tax assets are as follows:
Schedule of expiration dates of unused taxable losses and amounts of unrecognized deferred income tax assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Amount filed/ ​ ​ Unrecognized deferred ​ Year incurred ​ assessed ​ Unused amount ​ income tax assets ​ Expiry year 2015 ​ $ 7,164 ​ $ 4,931 ​ $ 4,931 ​ 2025 2016 ​ ​ 7,794 ​ ​ 5,328 ​ ​ 5,328 ​ 2022~2036 2017 ​ ​ 5,572 ​ 5,522 ​ 5,522 2022~2037 2018 ​ ​ 7,678 ​ 7,522 ​ 7,522 2027~no expiration 2019 ​ ​ 918 ​ 918 ​ 918 2024~2029 2020 ​ ​ 1,024 ​ 1,024 ​ 1,024 2030 2021 ​ ​ 3,586 ​ ​ 3,586 ​ ​ 3,586 ​ no expiration ​ ​ $ 33,736 ​ $ 28,831 ​ $ 28,831 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Amount filed/ ​ ​ Unrecognized deferred ​ Year incurred assessed Unused amount income tax assets Expiry year 2015 ​ $ 5,416 ​ $ 3,208 ​ $ 3,208 ​ 2025 2016 ​ ​ 6,153 ​ ​ 5,328 ​ ​ 5,328 ​ 2026~2036 2017 ​ ​ 5,099 ​ 5,099 ​ 5,099 2027~2037 2018 ​ ​ 7,522 ​ 7,522 ​ 7,522 2028~no expiration 2019 ​ ​ 918 ​ 918 ​ 918 2024~2029 2020 ​ ​ 903 ​ 903 ​ 903 2030 2021 ​ ​ 3,594 ​ 3,594 ​ 3,594 no expiration 2022 ​ ​ 3,278 ​ ​ 3,278 ​ ​ 3,278 ​ 2027~no expiration ​ ​ $ 32,883 ​ $ 29,850 ​ $ 29,850 ​ ​ ​ E. The amounts of deductible temporary difference that are not recognized as deferred income tax assets are as follows:
Schedule of deductible temporary difference that are not recognized as deferred income tax assets	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2022 Deductible temporary differences ​ $ 2,400 ​ $ 614 ​
Schedule of losses per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2020 ​ ​ ​ Weighted average ​ ​ ​ ​ ​ ​ ​ number of ordinary ​ Loss ​ ​ ​ ​ ​ shares outstanding ​ per share ​ Amount after tax (share in thousands) (in dollars) Basic loss per share ​ ​ ​ Loss attributable to ordinary shareholders of the parent ​ $ (5,593) 55,433 ​ $ (0.10) Dilutive loss per share ​ ​ Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares ​ $ (5,593) 55,433 ​ $ (0.10) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2021 ​ ​ ​ Weighted average ​ ​ ​ ​ ​ ​ ​ number of ordinary ​ Loss ​ ​ ​ ​ ​ shares outstanding ​ per share ​ ​ Amount after tax ​ (share in thousands) ​ (in dollars) Basic loss per share ​ ​ ​ Loss attributable to ordinary shareholders of the parent ​ $ (156,852) 52,965 ​ $ (2.96) Dilutive loss per share ​ ​ Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares ​ $ (156,852) 52,965 ​ $ (2.96) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 ​ ​ ​ Weighted average ​ ​ ​ ​ ​ ​ ​ number of ordinary ​ Loss ​ ​ ​ ​ ​ shares outstanding ​ per share ​ ​ Amount after tax (share in thousands) (in dollars) Basic loss per share ​ ​ ​ ​ ​ ​ Loss attributable to ordinary shareholders of the parent ​ $ (161,744) 68,337 ​ $ (2.37) Dilutive loss per share ​ ​ ​ ​ ​ ​ ​ ​ Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares ​ $ (161,744) 68,337 ​ $ (2.37) ​
Schedule of changes in liabilities from financing activities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ at fair value through ​ Lease liabilities (including ​ Liabilities from financing ​ profit or loss current portion) activities-gross January 1 ​ $ 56,405 ​ $ 426 ​ $ 56,831 Changes in cash flow from financing activities ​ 50,000 ​ (305) ​ 49,695 Net exchange differences ​ — ​ 18 ​ 18 Change in fair value through profit and loss ​ 2,022 ​ — ​ 2,022 Changes in other non-cash items – additions ​ — ​ 201 ​ 201 December 31 ​ $ 108,427 ​ $ 340 ​ $ 108,767 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ at fair value through ​ Lease liabilities (including ​ Liabilities from financing ​ profit or loss current portion) activities-gross January 1 $ 108,427 $ 340 $ 108,767 Changes in cash flow from financing activities ​ — ​ (393) ​ (393) Net exchange differences ​ — ​ 13 ​ 13 Change in fair value through profit and loss ​ 150,745 ​ — ​ 150,745 Change in fair value through other comprehensive income ​ ​ 58 ​ ​ — ​ ​ 58 Changes in other non-cash items – additions ​ — ​ 678 ​ 678 December 31 $ 259,230 $ 638 $ 259,868 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ at fair value through ​ Lease liabilities (including ​ Liabilities from financing ​ ​ profit or loss current portion) activities-gross January 1 ​ $ 259,230 ​ $ 638 ​ $ 259,868 Changes in cash flow from financing activities ​ — ​ (457) ​ (457) Net exchange differences ​ — ​ (56) ​ (56) Warrants assumed in connection with the Recapitalization ​ ​ 8,431 ​ ​ — ​ ​ 8,431 Exchange of preferred shares ​ ​ (358,238) ​ ​ — ​ ​ (358,238) Change in fair value through profit and loss ​ 93,777 ​ — ​ 93,777 Change in fair value through other comprehensive income ​ 7 ​ — ​ 7 Changes in other non-cash items – additions ​ — ​ 213 ​ 213 December 31 ​ $ 3,207 ​ $ 338 ​ $ 3,545 ​ ​
Schedule of listing expense	​ ​ ​ ​ ​ ​ ​ ​ ​ Listing expense Net assets of Provident at Closing, excluding the impact of PIPE and FPA investors ​ $ 63 Cash and cash equivalents ​ 7,893 ​ ​ Accrued expenses ​ (500) ​ ​ ​ Warrant liabilities (Note i) ​ (7,330) ​ ​ ​ Total value of Perfect shares issued to Provident shareholders, excluding PIPE and FPA Investor (Note ii) ​ ​ ​ ​ (56,478) Adjustment to listing expense as result of Sponsor Earnout ​ ​ ​ (8,849) ​ ​ ​ ​ $ (65,264) ​
Perfect Common Share before Closing
Details of Significant Accounts
Schedule of reconciliation of additional paid-in-capital due to conversion of shares	​ ​ ​ ​ ​ ​ Additional ​ ​ paid-in capital Par value of the Perfect Common Shares ​ $ 32,815 Fair value of the Perfect Preferred Shares on the Closing Date ​ 358,238 Par value of the Class A and Class B Ordinary Shares ​ (10,100) Subtotal ​ 380,953 Listing expense ​ 65,264 ​ ​ $ 446,217 ​
Perfect Ordinary Shares
Details of Significant Accounts
Schedule of reconciliation of additional paid-in-capital due to conversion of shares	​ ​ ​ ​ ​ ​ Additional ​ ​ paid-in capital Proceed received upon recapitalization ​ $ 112,893 Par value of the Class A Ordinary Shares ​ (1,726) Fair value of the warrants at the Closing Date ​ (8,430) Transactional cost (presented as accrued expense of Provident at Closing) ​ (500) ​ ​ $ 102,237 ​
Sponsor Earnout Shares
Details of Significant Accounts
Schedule of fair value of stock options granted on grant date measured using the black-scholes option-pricing model	​ ​ ​ ​ ​ ​ Sponsor ​ ​ Earnout ​ Shares Expected dividend yield (%) 0.00 % Expected volatility 70.00 % Risk free interest rate 4.19 % Expected life (years) 5 ​ ​
Share Incentive Plan
Details of Significant Accounts
Schedule of movements of outstanding options under Share Incentive Plan	​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ ​ Weighted- average ​ ​ No. of options ​ exercise price per share ​ ​ (units in thousands) ​ (in dollars) Options outstanding at January 1 — ​ $ — Options granted 12,103 ​ 3.95 Options forfeited (448) ​ 3.95 Options exercised — ​ — Options outstanding at December 31 11,655 ​ 3.95 Options exercisable at December 31 — ​ ​ (c) (d) (e)
Schedule of terms and condition	(a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Type of ​ ​ ​ Maximum terms of ​ ​ Plan ​ arrangement ​ Settled by ​ option granted ​ Vesting conditions Share Incentive Plan Employee stock options Equity Five years 2 years’ service: exercise 50% ​ ​ ​ ​ ​ ​ ​ ​ ​ 3 years’ service: exercise 75% ​ ​ ​ ​ ​ ​ ​ ​ ​ 4 years’ service: exercise 100% ​ ​ (b)
Incentive Stock Option Plan
Details of Significant Accounts
Schedule of movements of outstanding options under Share Incentive Plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2021 ​ 2022 ​ ​ ​ ​ Weighted- ​ ​ ​ ​ Weighted- ​ ​ ​ ​ Weighted- ​ ​ No. of options ​ average exercise ​ No. of options ​ average exercise ​ No. of options ​ average exercise ​ ​ (units in ​ price ​ (units in ​ price ​ (units in ​ price ​ thousands) (in dollars) thousands) (in dollars) thousands) (in dollars) Options outstanding at January ​ ​ 24,550 ​ $ 0.17 ​ ​ 23,046 ​ $ 0.18 ​ ​ 26,629 ​ $ 0.21 Options granted ​ — ​ — ​ 8,388 ​ 0.27 ​ — ​ — Options forfeited ​ (399) ​ 0.17 ​ (1,681) ​ 0.22 ​ — ​ — Options exercised ​ ​ (1,105) ​ ​ 0.10 ​ ​ (3,124) ​ ​ 0.10 ​ ​ (26,629) ​ ​ 0.21 Options outstanding at December 31 ​ ​ 23,046 ​ ​ 0.18 ​ ​ 26,629 ​ ​ 0.21 ​ ​ — ​ ​ — Options exercisable at December 31 ​ 7,881 ​ ​ ​ 26,629 ​ ​ ​ — ​ — ​
Schedule of terms and condition	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Type of ​ ​ ​ Maximum terms of ​ ​ Plan Arrangement Settled by option granted Vesting conditions 2015 Incentive Stock Option Plan Employee stock options Equity Four years month 2 years ’ service: exercise 50% ​ ​ ​ 3 years ’ service: exercise 75% ​ ​ ​ ​ ​ ​ ​ 4 years ’ service: exercise 100% 2018 Incentive Stock Option Plan Employee stock options Equity Five years 2 years ’ service: exercise 50% ​ ​ ​ 3 years ’ service: exercise 75% ​ ​ ​ ​ ​ ​ ​ 4 years ’ service: exercise 100% ​

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions
Schedule of significant related party transactions	​ Names of related parties Relationship with the Group CyberLink Corp. (CyberLink) ​ Other related party (Significant influence (Note) over the reporting entity) ​ CyberLink Inc. (CyberLink-Japan) ​ Other related party (Subsidiary of CyberLink) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 Service revenue: ​ ​ ​ CyberLink $ 27 $ 35 $ 28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2022 CyberLink $ 44 $ 38 CyberLink-Japan ​ 29 ​ 25 ​ $ 73 $ 63 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ Description 2020 2021 2022 CyberLink Management service fee $ 157 $ 128 $ 80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 CyberLink-Japan ​ $ 91 ​ $ 99 ​ $ 90 ​ (c) Acquisition of right-of-use assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 CyberLink ​ $ — ​ $ 530 ​ $ — ​ (d) Lease liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Total lease liabilities ​ $ 429 ​ $ 145 Less: Current portion (shown as ‘current lease liabilities’) ​ (268) ​ (145) ​ ​ $ 161 ​ $ — ​ ii. Interest expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 CyberLink ​ $ 4 ​ $ 4 ​ $ 5 ​
Schedule of key management compensation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ 2020 ​ 2021 ​ 2022 Salaries and other short-term employee benefits ​ $ 1,691 ​ $ 1,711 ​ $ 2,330 Share-based payment ​ 83 ​ 314 ​ 416 Post-employment benefits ​ 11 ​ 12 ​ 11 ​ ​ $ 1,785 ​ $ 2,037 ​ $ 2,757 ​

Others (Tables)

Others (Tables)	12 Months Ended
	Dec. 31, 2022
Others
Schedule of gearing ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Total liabilities ​ $ 279,346 ​ $ 28,309 Total equity ​ $ (190,442) ​ $ 181,964 Gearing ratio ​ (1.47) ​ 0.16 ​
Schedule of financial instruments by category	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Financial assets ​ ​ Financial assets at amortized cost ​ ​ Cash and cash equivalents ​ $ 80,453 ​ $ 162,616 Current financial assets at amortized cost ​ ​ — ​ ​ 30,000 Accounts receivable ​ 6,568 ​ 7,756 Other receivables (including related parties) ​ 6 ​ 314 Guarantee deposits paid ​ 135 ​ 125 ​ ​ $ 87,162 ​ $ 200,811 ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2022 Financial liabilities ​ ​ Financial liabilities at fair value through profit or loss ​ ​ ​ ​ ​ ​ Warrant liabilities ​ $ — ​ $ 3,207 Financial liabilities designated as at fair value through profit or loss ​ ​ 259,230 ​ ​ — ​ ​ $ 259,230 ​ $ 3,207 Financial liabilities at amortized cost ​ ​ ​ ​ Other payables (including related parties) ​ $ 8,779 ​ $ 9,371 Guarantee deposits received ​ 28 ​ 25 ​ ​ $ 8,807 ​ $ 9,396 Lease liabilities ​ $ 638 ​ $ 338 ​ B. Financial risk management policies
Schedule of significant financial assets and liabilities denominated in foreign currencies	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sensitivity analysis ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ currency ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect on ​ ​ amount ​ Exchange ​ Functional ​ Book value ​ Degree of ​ profit or ​ (in thousands) rate currency (USD) variation loss Financial assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monetary items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ USD:NTD ​ $ 13,774 27.68 ​ $ 381,264 ​ $ 13,774 1 % $ 138 EUR:NTD ​ 1,888 31.32 ​ 59,132 ​ 2,136 1 % 21 JPY:NTD ​ 279,248 0.24 ​ 67,020 ​ 2,421 1 % 24 Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monetary items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ USD:JPY ​ 248 115.09 ​ 28,542 ​ 248 1 % 2 USD:RMB ​ 79 6.37 ​ 503 ​ 79 1 % 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sensitivity analysis ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ currency ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect on ​ ​ amount ​ Exchange ​ Functional ​ Book value ​ Degree of ​ profit or ​ (in thousands) ​ rate ​ currency ​ (USD) ​ variation ​ loss Financial assets ​ ​ ​ ​ Monetary items ​ ​ ​ ​ ​ USD:NTD ​ $ 22,660 30.71 ​ $ 695,889 ​ $ 22,660 1 % $ 227 EUR:NTD ​ 833 32.72 ​ 27,256 ​ 888 1 % 9 JPY:NTD ​ 436,755 0.23 ​ 100,454 ​ 3,271 1 % 33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ Monetary items ​ ​ ​ ​ ​ ​ ​ ​ ​ USD:NTD ​ ​ 2,620 ​ 30.71 ​ ​ 80,460 ​ ​ 2,620 ​ 1 % ​ 26 USD:JPY ​ 221 132.14 ​ 29,203 ​ 221 1 % 2 USD:RMB ​ 65 6.97 ​ 453 ​ 65 1 % 1 ​ iii. The total exchange (loss) gain, including realized and unrealized, arising from significant foreign exchange variation on the monetary items held by the Group for the years ended December 31, 2020, 2021 and 2022, amounted to $ (770) , $ (893) and $ 1,303 , respectively.
Schedule of contractual undiscounted cash flows of non-derivative financial liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than ​ Between 2-5 ​ Over Non-derivative financial liabilities: December 31, 2021 ​ 1 year ​ years ​ 5 years Financial liabilities at fair value through profit or loss ​ $ — ​ $ 259,230 ​ $ — Other payables (including related parties) ​ ​ 8,779 ​ ​ — ​ — Lease liabilities (Note) ​ ​ 456 ​ ​ 190 ​ ​ — Guarantee deposits received ​ ​ — ​ ​ 28 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than ​ Between 2-5 ​ Over Non-derivative financial liabilities: December 31, 2022 ​ 1 year ​ years ​ 5 years Financial liabilities at fair value through profit or loss ​ $ — ​ $ 3,207 ​ $ — Other payables (including related parties) ​ ​ 9,371 ​ ​ — ​ ​ — Lease liabilities (Note) ​ ​ 255 ​ ​ 89 ​ ​ — Guarantee deposits received ​ ​ — ​ ​ 25 ​ ​ — ​ Note: The amount included the interest of estimated future payments.
Schedule of natures of the liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 Level 1 Level 2 Level 3 Total Liabilities ​ ​ ​ ​ Recurring fair value measurements ​ ​ ​ ​ Financial liabilities at fair value through profit or loss ​ ​ ​ ​ Compound instrument: ​ ​ ​ ​ Convertible preferred shares ​ $ — ​ $ — ​ $ 259,230 ​ $ 259,230 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Level 1 Level 2 Level 3 Total Liabilities ​ ​ ​ ​ Recurring fair value measurements ​ ​ ​ ​ Financial liabilities at fair value through profit or loss ​ ​ ​ ​ Compound instrument: ​ ​ ​ ​ Warrant liabilities ​ $ 1,769 ​ $ 1,438 ​ $ — ​ $ 3,207 ​ (b) The methods and assumptions the Group used to measure fair value are as follows:
Schedule of movement of significant unobservable inputs (Level 3 )	​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2022 ​ ​ Compound ​ Compound ​ ​ instrument: ​ instrument: ​ ​ Convertible ​ Convertible ​ ​ preferred shares ​ preferred shares At January 1 ​ $ 108,427 ​ $ 259,230 Gains and losses recognized in profit or loss ​ ​ ​ ​ Recorded as non-operating income and expenses ​ 150,745 ​ 99,001 Gains and losses recognized in other comprehensive income ​ ​ Recorded as credit risk changes in financial instrument through other comprehensive income ​ 58 ​ 7 Transfers to Level 2 ​ — ​ (358,238) At December 31 ​ $ 259,230 ​ $ — ​ E. Along with the insufficient observable market information became available in connection with the SPAC transaction closing on October 28, 2022, the Company transferred the fair value from Level 3 into Level 2 and preferred shares were automatically converted into Perfect Ordinary Shares immediately upon the closing.
Schedule of sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value at ​ Valuation ​ unobservable ​ Relationship ​ ​ December 31, 2021 ​ technique ​ input ​ of inputs to fair value Compound instrument: ​ ​ ​ ​ ​ Convertible preferred shares ​ $ 259,230 Market approach Discount for lack of marketability The higher the discount for lack of marketability, the lower the fair value ​ ​ ​ Income approach Weighted average cost of capital ​ The higher the weighted average cost of capital, the lower the fair value ​ ​ ​ Income approach Exit multiple ​ The higher the exit multiple, the higher the fair value ​
Schedule of effect on profit or loss from financial liabilities categorised within Level 3 if the inputs used to valuation models have changed	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ Recognized in profit or loss ​ ​ ​ ​ ​ ​ Favourable ​ Unfavourable ​ Input Change change change Convertible preferred shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount for lack of marketability ±1 % $ 2,738 $ (2,763) ​ ​ Weighted average cost of capital ​ ±1 % $ 4,556 ​ $ (4,386) ​ ​ Exit multiple ​ ±1 % $ 1,212 ​ $ (1,212)

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Information
Schedule of Geographical information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 ​ ​ Revenue ​ Revenue ​ Revenue United States ​ $ 14,965 ​ $ 20,173 ​ $ 24,291 Japan ​ 3,236 ​ 4,520 ​ 4,717 France ​ 3,219 ​ 3,206 ​ 3,431 Others ​ 8,453 ​ 12,861 ​ 14,861 ​ ​ $ 29,873 ​ $ 40,760 ​ $ 47,300 ​
Schedule of Major customer information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2021 ​ 2022 ​ ​ Revenue ​ Revenue ​ Revenue Client A ​ $ 5,708 ​ $ 5,869 ​ $ 5,195

History and Organization (Detai

History and Organization (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares	Dec. 31, 2021 $ / shares	Dec. 31, 2020 $ / shares
History and Organization
Par value per share	$ 0.1		$ 0.1
Common stock conversion ratio	0.17704366
Provident Class A Ordinary Shares
History and Organization
Par value per share	$ 0.0001
Provident Class B Ordinary Shares
History and Organization
Par value per share	0.0001
Perfect Class A Ordinary Shares
History and Organization
Par value per share	0.1	$ 0.1
Number of Perfect Class A ordinary share issued upon requested redemption of each Provident share	0.1
Perfect Class B Ordinary Shares
History and Organization
Par value per share	0.1	$ 0.1
Number of Perfect Class A ordinary share issued upon requested redemption of each Provident share	0.1
Perfect common share
History and Organization
Par value per share	$ 0.1

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Accumulated deficit	$ (385,884)	$ (224,097)
Perfect Mobile Corp. (Taiwan)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Corp. (USA)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Corp. (Japan)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Corp. (Shanghai)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Mobile Corp (B. V. I.)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Beauty Corp.
Disclosure of subsidiaries [line items]
Ownership percentage		100%
Fashion Corp.
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Mobile Limited. (France)
Disclosure of subsidiaries [line items]
Ownership percentage	100%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property, plant and equipment (Details)	12 Months Ended
	Dec. 31, 2022
Leasehold improvements | Minimum
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property, plant and equipment	2 years
Leasehold improvements | Maximum
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property, plant and equipment	3 years
Machinery
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property, plant and equipment	3 years
Office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property, plant and equipment	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Intangible assets (Details)	12 Months Ended
	Dec. 31, 2022
Computer software
Disclosure of detailed information about intangible assets [line items]
Estimated useful lives of intangible assets	3 years
Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Estimated useful lives of intangible assets	3 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Additional (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment item
Summary of Significant Accounting Policies
Number of major revenue streams | item	3
Number of reportable operating segment | segment	1
Recapitalization of goodwill | $	$ 0

Critical Accounting Judgement_2

Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 28, 2022	Dec. 31, 2022	Dec. 31, 2021
Non-current financial liabilities at fair value through profit or loss		$ 3,207	$ 259,230
Warrant liabilities		$ 3,207
Perfect Class A Ordinary Shares [Member]
Number of shares issued for acquisition		6,764
Open market price of share	$ 8.35

Details of Significant Accoun_3

Details of Significant Accounts - Cash and cash equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Details of Significant Accounts
Petty cash	$ 1	$ 1
Checking accounts	1,279	1,882
Demand deposits	11,777	38,591
Time deposits	149,300	39,800
Others	259	179
Cash and cash equivalents	$ 162,616	$ 80,453	$ 79,018	$ 28,283

Details of Significant Accoun_4

Details of Significant Accounts - Current financial assets at amortized cost (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Disclosure of financial assets [line items]
Time deposits with maturities over three months	$ 30,000
Financial assets at amortized cost pledged to others	0
TAIWAN
Disclosure of financial assets [line items]
Time deposits with maturities over three months	$ 30,000

Details of Significant Accoun_5

Details of Significant Accounts - Accounts receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2020
Details of Significant Accounts
Accounts receivable	$ 7,756	$ 6,568	$ 5,509

Details of Significant Accoun_6

Details of Significant Accounts - Ageing analysis of accounts receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2020
Details of Significant Accounts
Accounts receivable	$ 7,756	$ 6,568	$ 5,509
Maximum exposure to credit risk in respect of amount that best represents accounts receivable	7,756	6,568
Not past due
Details of Significant Accounts
Accounts receivable	6,062	5,773
Up to 30 days
Details of Significant Accounts
Accounts receivable	851	508
31 to 90 days
Details of Significant Accounts
Accounts receivable	327	121
91 to 180 days
Details of Significant Accounts
Accounts receivable	417	138
Over 181 days
Details of Significant Accounts
Accounts receivable	$ 99	$ 28

Details of Significant Accoun_7

Details of Significant Accounts - Other current assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Prepaid expenses	$ 4,617	$ 254
Others	88	45
Total	$ 4,705	$ 299

Details of Significant Accoun_8

Details of Significant Accounts - Property, plant and equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	$ 407	$ 452
Additions	165	154
Depreciation expense	(247)	(209)	$ (150)
Net exchange differences	(36)	10
Closing net book amount	289	407	452
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	1,116	954
Disposals		(18)
Closing net book amount	1,169	1,116	954
Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(709)	(502)
Disposals		18
Closing net book amount	(880)	(709)	(502)
Leasehold improvements
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	123	177
Additions	58	34
Depreciation expense	(119)	(93)
Net exchange differences	(11)	5
Closing net book amount	51	123	177
Leasehold improvements | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	516	473
Disposals		(6)
Closing net book amount	521	516	473
Leasehold improvements | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(393)	(296)
Disposals		6
Closing net book amount	(470)	(393)	(296)
Machinery
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	256	264
Additions	107	97
Depreciation expense	(119)	(110)
Net exchange differences	(24)	5
Closing net book amount	220	256	264
Machinery | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	552	457
Disposals		(12)
Closing net book amount	602	552	457
Machinery | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(296)	(193)
Disposals		12
Closing net book amount	(382)	(296)	(193)
Office equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	28	11
Additions		23
Depreciation expense	(9)	(6)
Net exchange differences	(1)
Closing net book amount	18	28	11
Office equipment | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	48	24
Closing net book amount	46	48	24
Office equipment | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(20)	(13)
Closing net book amount	$ (28)	$ (20)	$ (13)

Details of Significant Accoun_9

Details of Significant Accounts - Leasing arrangements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Lease commitments for short-term leases	$ 152	$ 112	$ 95
Minimum
Details of Significant Accounts
Lease term	2 years
Maximum
Details of Significant Accounts
Lease term	3 years

Details of Significant Accou_10

Details of Significant Accounts - Leasing arrangements, movements of right-of-use assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	$ 620	$ 319
Additions	213	678
Depreciation expense	(456)	(389)	$ (306)
Net exchange differences	(54)	12
Closing net book amount	323	620	319
Cost
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	1,047	776
Derecognition	(137)	(432)
Closing net book amount	1,017	1,047	776
Accumulated depreciation
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	(427)	(457)
Derecognition	137	432
Closing net book amount	(694)	(427)	(457)
Buildings
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	521	319
Additions	137	530
Depreciation expense	(361)	(339)
Net exchange differences	(45)	11
Closing net book amount	252	521	319
Buildings | Cost
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	898	776
Derecognition	(137)	(432)
Closing net book amount	809	898	776
Buildings | Accumulated depreciation
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	(377)	(457)
Derecognition	137	432
Closing net book amount	(557)	(377)	$ (457)
Business vehicles
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	99
Additions	76	148
Depreciation expense	(95)	(50)
Net exchange differences	(9)	1
Closing net book amount	71	99
Business vehicles | Cost
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	149
Closing net book amount	208	149
Business vehicles | Accumulated depreciation
Disclosure of quantitative information about right-of-use assets [line items]
Opening net book amount	(50)
Closing net book amount	$ (137)	$ (50)

Details of Significant Accou_11

Details of Significant Accounts - Leasing arrangements, Lease liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Total lease liabilities	$ 338	$ 638
Less: current portion (shown as 'current lease liabilities')	(251)	(449)
Non-current lease liabilities	$ 87	$ 189

Details of Significant Accou_12

Details of Significant Accounts - Leasing arrangements, information on profit and loss accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Interest expense - lease liabilities	$ 8	$ 9	$ 9
Expense on short-term lease contracts	383	391	292
Items affecting profit or loss due to leases	$ 391	$ 400	$ 301

Details of Significant Accou_13

Details of Significant Accounts - Leasing arrangements, additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Cash outflow for leases	$ 848	$ 793	$ 606
Interest expense - lease liabilities	8	9	9
Expense on short-term lease contracts	383	391	292
Repayments of principal portion of lease liabilities	$ 457	$ 393	$ 305

Details of Significant Accou_14

Details of Significant Accounts - Intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	$ 100	$ 113
Additions	93	32
Amortization charge	(63)	(47)	$ (36)
Net exchange differences	(11)	2
Closing net book amount	119	100	113
Cost
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	160	3,453
Disposals	(43)	(3,330)
Closing net book amount	193	160	3,453
Accumulated depreciation
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	(60)	(3,340)
Disposals	43	3,330
Closing net book amount	(74)	(60)	(3,340)
Computer software
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	45	33
Additions	78	32
Amortization charge	(36)	(20)
Net exchange differences	(6)
Closing net book amount	81	45	33
Computer software | Cost
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	78	196
Disposals	(43)	(153)
Closing net book amount	104	78	196
Computer software | Accumulated depreciation
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	(33)	(163)
Disposals	43	153
Closing net book amount	(23)	(33)	(163)
Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	55	80
Additions	15
Amortization charge	(27)	(27)
Net exchange differences	(5)	2
Closing net book amount	38	55	80
Other intangible assets | Cost
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	82	3,257
Disposals		(3,177)
Closing net book amount	89	82	3,257
Other intangible assets | Accumulated depreciation
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	(27)	(3,177)
Disposals		3,177
Closing net book amount	$ (51)	$ (27)	$ (3,177)

Details of Significant Accou_15

Details of Significant Accounts - Amortisation on intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Amortisation on intangible assets	$ 63	$ 47	$ 36
Research and development expenses
Disclosure of detailed information about intangible assets [line items]
Amortisation on intangible assets	$ 63	$ 47	$ 36

Details of Significant Accou_16

Details of Significant Accounts - Financial liabilities at fair value through profit or loss (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [line items]
Non-current liabilities	$ 3,207	$ 259,230
Financial liabilities designated as at fair value through profit or loss	3,207	259,230
Warrant liabilities
Disclosure of financial liabilities [line items]
Non-current liabilities	8,431
Add: Valuation adjustment	$ (5,224)
Preference share liabilities
Disclosure of financial liabilities [line items]
Add: Valuation adjustment		153,761
Financial liabilities designated as at fair value through profit or loss		$ 105,469

Details of Significant Accou_17

Details of Significant Accounts - Amount recognized in profit or loss and other comprehensive income in relation to financial liabilities at fair value through profit or loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial liabilities [line items]
Net losses recognized in profit or loss, Financial liabilities designated as at fair value through profit or loss	$ (93,777)	$ (150,745)	$ (2,022)
Preference share liabilities
Disclosure of financial liabilities [line items]
Net losses recognized in profit or loss, Financial liabilities designated as at fair value through profit or loss	(99,001)	(150,745)	$ (2,022)
Net losses recognized in other comprehensive income, Financial liabilities designated as at fair value through profit or loss	(7)	$ (58)
Warrant liabilities
Disclosure of financial liabilities [line items]
Net losses recognized in profit or loss, Financial liabilities designated as at fair value through profit or loss	$ 5,224

Details of Significant Accou_18

Details of Significant Accounts - Warrant liabilities (Details) $ / shares in Units, $ in Thousands								1 Months Ended	12 Months Ended
	Oct. 28, 2022 shares	Oct. 27, 2021 USD ($) shares	Jan. 07, 2021 shares	Dec. 11, 2020 USD ($) shares	Jul. 08, 2019 USD ($) shares	Nov. 19, 2018 USD ($) shares	Oct. 17, 2017 USD ($) shares	Jul. 31, 2017 USD ($) shares	Dec. 31, 2022 USD ($) D $ / shares shares	Dec. 31, 2021 USD ($) item
Disclosure of financial liabilities [line items]
Number of warrants issued and sold									20,850,000
Minimum threshold written notice period for redemption of warrants									30 days
Exchange ratio									0.17704366
Issuance of the Perfect Class A Ordinary Shares | $									$ 103,963
Convertible bonds
Disclosure of financial liabilities [line items]
Bonds issued | $								$ 10,000
Bonds, interest rate per annum								0%
Bonds maturity term								9 months 21 days
Forward Purchase Agreements
Disclosure of financial liabilities [line items]
Number of warrants issued and sold									2,750
Number of Forward Purchase Shares issued and sold	6,764,000	5,500,000							5,500
Aggregate purchase price | $		$ 55,000							$ 55,000
Public Warrants and Forward Purchase Warrants | Redemption of Warrants when the price per Perfect Class A Ordinary Shares equal or exceed $18.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share) | $ / shares									$ 18
Public Warrants and Forward Purchase Warrants | Redemption of warrants when the price per Class A Ordinary Share equals or exceeds $10.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share) | $ / shares									$ 10
Private Placement Warrants
Disclosure of financial liabilities [line items]
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination									30 days
Private Placement Warrants | Redemption of Warrants when the price per Perfect Class A Ordinary Shares equal or exceed $18.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share) | $ / shares									$ 18
Private Placement Warrants | Redemption of warrants when the price per Class A Ordinary Share equals or exceeds $10.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share) | $ / shares									$ 10
Perfect Class A Ordinary Shares
Disclosure of financial liabilities [line items]
Exchange ratio									0.17704366
Convertible preferred shares
Disclosure of financial liabilities [line items]
Number of Forward Purchase Shares issued and sold				74,844,000	73,206,000	15,713,000	47,140,000	31,427,000	242,331,000
Amount issued for convertible preferred shares | $										$ 105,000
Exchange ratio	0.17704366
Number of rounds | item										5
Issuance of the Perfect Class A Ordinary Shares | $				$ 50,000	$ 25,000		$ 15,000
Exercise price of warrants | $						$ 5,000
Financial liabilities designated as at fair value through profit or loss on initial recognition | $										$ 259,230
Warrant liabilities
Disclosure of financial liabilities [line items]
Number of shares called by each warrant									20,850,000
Warrant liabilities | Public Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant									11,500,000
Number of warrants issued and sold									11,500,000
Warrant liabilities | Public Warrants and Forward Purchase Warrants | Redemption of Warrants when the price per Perfect Class A Ordinary Shares equal or exceed $18.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share) | $ / shares									$ 18
Redemption price per warrant (in dollars per share) | $ / shares									$ 0.01
Minimum threshold written notice period for redemption of warrants									30 days
Threshold trading days for redemption of warrants | D									20
Threshold consecutive trading days for redemption of warrants | D									30
Threshold business days before sending notice of redemption to warrant holders									3 days
Warrant liabilities | Public Warrants and Forward Purchase Warrants | Redemption of warrants when the price per Class A Ordinary Share equals or exceeds $10.00
Disclosure of financial liabilities [line items]
Redemption price per warrant (in dollars per share) | $ / shares									$ 0.10
Minimum threshold written notice period for redemption of warrants									30 days
Warrant liabilities | Private Placement Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant									6,600,000
Number of warrants issued and sold			6,600,000
Warrant liabilities | Forward Purchase Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant									2,750,000
Warrant liabilities | Forward Purchase Warrants | Forward Purchase Agreements
Disclosure of financial liabilities [line items]
Number of warrants issued and sold		2,750,000
Warrant liabilities | Class A Ordinary Shares
Disclosure of financial liabilities [line items]
Number of shares called by each warrant									1
Exercise price of warrants | $ / shares									$ 11.50
Warrant liabilities | Perfect Class A Ordinary Shares | Public Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant									1

Details of Significant Accou_19

Details of Significant Accounts - Warrants - Movement in all kinds of Perfect warrants (Details) - Warrant liabilities shares in Thousands	12 Months Ended
	Dec. 31, 2022 shares
Warrants
Ending balance	20,850
Public Warrants
Warrants
Converted from Provident's warrants as part of business combination	11,500
Ending balance	11,500
Private Placement Warrants
Warrants
Converted from Provident's warrants as part of business combination	6,600
Ending balance	6,600
Forward Purchase Warrants
Warrants
Converted from Provident's warrants as part of business combination	2,750
Ending balance	2,750

Details of Significant Accou_20

Details of Significant Accounts - Convertible preference shares - Liquidation preferences, Conversion rights, Redemption rights, Dividends and Business Cooperation Agreement (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [line items]
Repayments price as percentage of issuing price	150%
Diluted effect of preferred shares	0	242,331
Percentage of total shares held by holder of convertible preferred shares	10%
Term after receipt of redemption notice within which the Company should notify holders regarding redemption	10 days
Term to request Company to redeem any or all of the outstanding Equity Securities	10 days
Non-cumulative dividend rate	4%
Business Cooperation Agreement
Disclosure of financial liabilities [line items]
Interest and dividends declared not paid yet	20%
Scenario for 8% compound interest and dividends
Disclosure of financial liabilities [line items]
Interest and dividends declared not paid yet	8%
Scenario for 20% interest and dividends
Disclosure of financial liabilities [line items]
Interest and dividends declared not paid yet	20%

Details of Significant Accou_21

Details of Significant Accounts - Other payables (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Employee bonus	$ 4,038	$ 3,766
Payroll	2,130	1,934
Remuneration to directors and supervisors	53
Promotional fees	1,039	851
Professional service fees	1,371	1,358
Sales VAT payables	175	225
Post and telecommunications expenses	173	178
Others	329	394
Total other payables	$ 9,308	$ 8,706

Details of Significant Accou_22

Details of Significant Accounts - Provisions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Beginning balance	$ 1,058	$ 480
Additional provisions	897	734
Used during the year		(148)
Net exchange differences	(100)	(8)
Ending Balance	$ 1,855	$ 1,058

Details of Significant Accou_23

Details of Significant Accounts - Pensions (Details) - Perfect Mobile Corp. (Taiwan)	12 Months Ended
	Dec. 31, 2022 item
Disclosure of defined benefit plans [line items]
Number of units accrued for each year of service for first 15 years	2
Number of units accrued for each additional year thereafter	1
Maximum number of units accrued	45
Number of months prior to retirement	6 months
Percentage of monthly contribution	2%

Details of Significant Accou_24

Details of Significant Accounts - Net defined benefit liability (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amounts recognized in the balance sheet
Present value of defined benefit obligations	$ (84)	$ (113)
Fair value of plan assets	11	9
Net defined benefit liability	$ (73)	$ (104)

Details of Significant Accou_25

Details of Significant Accounts - Movements in net defined benefit liability (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [line items]
At January 1	$ (104)	$ (77)
Current service cost	(2)	(2)
Interest (expense) income	(1)
Net defined benefit liability	(107)	(79)
Remeasurements:
Return on plan assets	1
Change in demographic assumptions	(8)	(8)
Change in financial assumptions	10	16
Experience adjustments	19	(32)
Remeasurements	22	(24)
Pension fund contribution	2	2
Net exchange differences	10	(3)
Balance at December 31	(73)	(104)
Present value of defined benefit obligations
Disclosure of defined benefit plans [line items]
At January 1	(113)	(84)
Current service cost	(2)	(2)
Interest (expense) income	(1)
Net defined benefit liability	(116)	(86)
Remeasurements:
Change in demographic assumptions	(8)	(8)
Change in financial assumptions	10	16
Experience adjustments	19	(32)
Remeasurements	21	(24)
Net exchange differences	11	(3)
Balance at December 31	(84)	(113)
Fair value of plan assets
Disclosure of defined benefit plans [line items]
At January 1	9	7
Net defined benefit liability	9	7
Remeasurements:
Return on plan assets	1
Remeasurements	1
Pension fund contribution	2	2
Net exchange differences	(1)
Balance at December 31	$ 11	$ 9

Details of Significant Accou_26

Details of Significant Accounts - Principal actuarial assumptions (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Percentage of actuarial assumption for discount rate	1.50%	1%
Percentage of actuarial assumption for future salary increases	3%	3%
Discount rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Percentage of increase in actuarial assumption	(5.00%)	(7.00%)
Percentage of decrease in actuarial assumption	5%	7%
Future salary increases
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Effect on present value of defined benefit obligation	$ 5	$ 7
Effect on present value of defined benefit obligation	$ (5)	$ (7)

Details of Significant Accou_27

Details of Significant Accounts - Analysis of timing of the future pension payment (Details) - Perfect Mobile Corp. (Taiwan) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Disclosure of defined benefit plans [line items]
Expected contributions to the defined benefit pension plans	$ 5
Weighted average duration of the retirement plan	24 years
Analysis of timing of the future pension payment	$ 122
Over 5 years
Disclosure of defined benefit plans [line items]
Analysis of timing of the future pension payment	$ 122

Details of Significant Accou_28

Details of Significant Accounts - Defined contribution plans (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of defined benefit plans [line items]
Percentage of monthly contribution	6%
Pension cost	$ 501	$ 468	$ 389
Pension cost for other foreign subsidiaries	$ 172	$ 143	$ 90

Details of Significant Accou_29

Details of Significant Accounts - Share-based payment - Share Incentive Stock Option Plan (Details) - Share Incentive Plan - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based payment arrangements
Number of stock options authorized under the plan		30,000,000
Number of Perfect Common Share that each stock option holder is entitled	1	1
Exercise price	$ 3.95
Maximum aggregate number of the Ordinary Shares that may be issued upon exercise of all options to be granted under the plan	5,311,000
Maximum terms of options granted	5 years
2 years' service
Share-based payment arrangements
Number of years of service	2 years
Vesting (in percent)	50%
3 years' service
Share-based payment arrangements
Number of years of service	3 years
Vesting (in percent)	75%
4 years' service
Share-based payment arrangements
Number of years of service	4 years
Vesting (in percent)	100%
Prior to the recapitalization
Share-based payment arrangements
Exercise price	$ 0.7
After the recapitalization
Share-based payment arrangements
Number of Perfect Common Share that each stock option holder is entitled	5.65

Details of Significant Accou_30

Details of Significant Accounts - Share-based payment - Details of arrangements (Details) - Share Incentive Plan $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares
No. of options
Options granted | $	12,103
Options forfeited | $	(448)
Options outstanding at December 31 | $	11,655
Weighted-average exercise price per share
Options granted (in dollars) | $ / shares	$ 3.95
Options forfeited (in dollars) | $ / shares	3.95
Options outstanding at December 31 (in dollars) | $ / shares	$ 3.95

Details of Significant Accou_31

Details of Significant Accounts - Share-based payment - Outstanding stock options (Details) - Share Incentive Plan	12 Months Ended
	Dec. 31, 2022 $ / shares
Share-based payment arrangements
Weighted-average exercise price of stock options at exercise dates	$ 3.95
Exercise prices of stock options outstanding	$ 3.95
Weighted-average remaining contractual period	4 years 21 days

Details of Significant Accou_32

Details of Significant Accounts - Share-based payment - Black-Scholes option-pricing model (Details) - Share Incentive Plan	12 Months Ended
	Dec. 31, 2022 Y $ / shares
Share-based payment arrangements
Stock price (in dollars)	$ 5.39
Exercise price (in dollars)	$ 3.95
Expected price volatility	53.75%
Expected option life | Y	3.88
Expected dividends	0%
Risk-free interest rate	1.46%
Fair value per unit (in dollars)	$ 0.4893

Details of Significant Accou_33

Details of Significant Accounts - Share-based payment - Incentive Stock Option Plan original terms and condition (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Jan. 24, 2022
Share-based payment arrangements
Number of option shares converted to common shares		26,629
2015 Incentive Stock Option Plan
Share-based payment arrangements
Maximum terms of options granted	4 years 1 month
2015 Incentive Stock Option Plan | 2 years' service
Share-based payment arrangements
Number of years of service	2 years
Vesting (in percent)	50%
2015 Incentive Stock Option Plan | 3 years' service
Share-based payment arrangements
Number of years of service	3 years
Vesting (in percent)	75%
2015 Incentive Stock Option Plan | 4 years' service
Share-based payment arrangements
Number of years of service	4 years
Vesting (in percent)	100%
2018 Incentive Stock Option Plan | 2 years' service
Share-based payment arrangements
Number of years of service	2 years
Vesting (in percent)	50%
2018 Incentive Stock Option Plan | 3 years' service
Share-based payment arrangements
Number of years of service	3 years
Vesting (in percent)	75%
2018 Incentive Stock Option Plan | 4 years' service
Share-based payment arrangements
Number of years of service	4 years
Vesting (in percent)	100%

Details of Significant Accou_34

Details of Significant Accounts - Share-based payment - Incentive Stock Option Plan (Details) - Incentive Stock Option Plan	12 Months Ended
	Dec. 31, 2022 Option $ / shares	Dec. 31, 2021 Option $ / shares	Dec. 31, 2020 Option $ / shares
No. of options
Options outstanding at January 1	26,629,000	23,046,000	24,550,000
Options granted		8,388,000
Options forfeited		(1,681)	(399,000)
Options exercised	(26,629,000)	(3,124,000)	(1,105,000)
Options outstanding at December 31		26,629,000	23,046,000
Options exercisable at December 31		26,629,000	7,881,000
Weighted-average exercise price
Options outstanding at January 1 (in dollars) | $ / shares	$ 0.21	$ 0.18	$ 0.17
Options granted (in dollars) | $ / shares		0.27
Options forfeited (in dollars) | $ / shares		0.22	0.17
Options exercised (in dollars) | $ / shares	$ 0.21	0.10	0.10
Options outstanding at December 31 (in dollars) | $ / shares		$ 0.21	$ 0.18

Details of Significant Accou_35

Details of Significant Accounts - Share-based payment - Incentive Stock Option Plan - Stock options (Details) - Incentive Stock Option Plan - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based payment arrangements
Weighted-average remaining contractual period		0 years
Minimum
Share-based payment arrangements
Weighted-average exercise price of stock options at exercise dates	$ 0.1	$ 0.1	$ 0.1
Exercise prices of stock options outstanding		0.1	$ 0.1
Weighted-average remaining contractual period			1 year 8 months 15 days
Maximum
Share-based payment arrangements
Weighted-average exercise price of stock options at exercise dates	$ 0.3	0.3	$ 0.3
Exercise prices of stock options outstanding		$ 0.3	$ 0.3
Weighted-average remaining contractual period			3 years 3 months 29 days

Details of Significant Accou_36

Details of Significant Accounts - Share-based payment - Incentive Stock Option Plan - Black-Scholes option-pricing model (Details)	12 Months Ended
	Dec. 31, 2022 Y $ / shares
2015 Incentive Stock Option Plan
Share-based payment arrangements
Exercise price (in dollars)	$ 0.1000
Expected option life | Y	3.42
Expected dividends	0%
2015 Incentive Stock Option Plan | Minimum
Share-based payment arrangements
Stock price (in dollars)	$ 0.0564
Expected price volatility	39.29%
Risk-free interest rate	0.45%
Fair value per unit (in dollars)	$ 0.0080
2015 Incentive Stock Option Plan | Maximum
Share-based payment arrangements
Stock price (in dollars)	$ 0.1777
Expected price volatility	42.25%
Risk-free interest rate	2.79%
Fair value per unit (in dollars)	$ 0.0947
2018 Incentive Stock Option Plan
Share-based payment arrangements
Exercise price (in dollars)	$ 0.3000
Expected option life | Y	3.88
Expected dividends	0%
2018 Incentive Stock Option Plan | Minimum
Share-based payment arrangements
Stock price (in dollars)	$ 0.1689
Expected price volatility	39.16%
Risk-free interest rate	0.58%
Fair value per unit (in dollars)	$ 0.0228
2018 Incentive Stock Option Plan | Maximum
Share-based payment arrangements
Stock price (in dollars)	$ 0.8931
Expected price volatility	53.27%
Risk-free interest rate	2.29%
Fair value per unit (in dollars)	$ 0.6397

Details of Significant Accou_37

Details of Significant Accounts - Share-based payment - Expenses incurred (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Equity settled	$ 2,175	$ 1,782	$ 336

Details of Significant Accou_38

Details of Significant Accounts - Share-based payment - Shareholder Earnout (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) D $ / shares shares
Service agreements with Board of Directors
Share-based payment arrangements
Expenses recorded | $	$ 58
Shareholder Earnout Shares
Share-based payment arrangements
Threshold trading days over which the daily volume-weighted average price of the Perfect Class A Ordinary Shares is considered | D	20
Threshold trading day period over which the daily volume-weighted average price of the Perfect Class A Ordinary Shares is considered	30 days
Shareholder Earnout Shares | If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $11.50
Share-based payment arrangements
Number of Earnout Shares issuable | shares	3,000
Daily volume-weighted average price of the Perfect Class A Ordinary Shares considered | $ / shares	$ 11.50
Shareholder Earnout Shares | If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $13.00
Share-based payment arrangements
Number of Earnout Shares issuable | shares	3,000
Daily volume-weighted average price of the Perfect Class A Ordinary Shares considered | $ / shares	$ 13
Shareholder Earnout Shares | If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $14.50
Share-based payment arrangements
Number of Earnout Shares issuable | shares	4,000
Daily volume-weighted average price of the Perfect Class A Ordinary Shares considered | $ / shares	$ 14.50

Details of Significant Accou_39

Details of Significant Accounts - Share-based payment - Sponsor Earnout (Details) - Sponsor Earnout Shares	12 Months Ended
	Dec. 31, 2022 USD ($) D $ / shares shares
Share-based payment arrangements
Maximum number of Class A Ordinary Shares issuable | shares	1,175,624
Expenses recorded | $	$ 8,849,000
If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $11.50
Share-based payment arrangements
Percentage of Sponsor Earnout Promote Shares issuable	50%
Threshold trading days over which the daily volume-weighted average price of the Perfect Class A Ordinary Shares is considered | $	20
Daily volume-weighted average price of the Perfect Class A Ordinary Shares considered | $ / shares	$ 11.50
If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $13.00
Share-based payment arrangements
Percentage of Sponsor Earnout Promote Shares issuable	50%
Threshold trading days over which the daily volume-weighted average price of the Perfect Class A Ordinary Shares is considered | D	20
Threshold trading day period over which the daily volume-weighted average price of the Perfect Class A Ordinary Shares is considered	30 days
Daily volume-weighted average price of the Perfect Class A Ordinary Shares considered | $ / shares	$ 13

Details of Significant Accou_40

Details of Significant Accounts - Share-based payment - Assumptions used in determining the fair value of Sponsor Earnout Shares (Details) - Sponsor Earnout Shares	12 Months Ended
	Dec. 31, 2022 Y
Share-based payment arrangements
Expected dividend yield	0%
Expected volatility	70%
Risk free interest rate	4.19%
Expected life (years)	5

Details of Significant Accou_41

Details of Significant Accounts - Share capital (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Vote $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
Share capital
Authorized capital | $	$ 82,000	$ 82,000	$ 82,000
Number of shares authorised		820,000,000	820,000,000
Shares reserved for employee stock options	30,000,000	45,000,000	45,000,000
Capital stock | $	$ 11,826	$ 30,152	$ 29,840
Number of shares of ordinary stock		301,521,000	298,397,000
Ordinary Shares, (in dollars) par value per share | $ / shares	$ 0.1		$ 0.1
Number of Class B Ordinary Share convertible into Class A Ordinary Share	1
Perfect Class A Ordinary Shares
Share capital
Number of shares authorised	700,000,000
Capital stock | $	$ 10,147
Number of shares of ordinary stock	101,475,000
Ordinary Shares, (in dollars) par value per share | $ / shares	$ 0.1	$ 0.1
Number of votes per share | Vote	1
Perfect Class B Ordinary Shares
Share capital
Number of shares authorised	90,000,000
Capital stock | $	$ 1,679
Number of shares of ordinary stock	16,789,000
Ordinary Shares, (in dollars) par value per share | $ / shares	$ 0.1	$ 0.1
Number of votes per share | Vote	10

Details of Significant Accou_42

Details of Significant Accounts - Share capital - Movements in shares outstanding (Details) shares in Thousands, $ in Thousands		12 Months Ended
	Dec. 11, 2020 shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares
Movements in shares outstanding
Beginning balance		$ 30,152	$ 29,840	$ 31,356
Employee stock option exercised		2,663	312	111
Shares retired				(1,627)
Shares retired (in shares) | shares	16,270
Conversion as part of recapitalization		(22,715)
Shares Issuance to exchange Provident outstanding shares		1,726
Ending balance		11,826	$ 30,152	$ 29,840
Perfect Class A Ordinary Shares
Movements in shares outstanding
Conversion as part of recapitalization		$ 8,421
Conversion as part of recapitalization (in shares) | shares		84,211
Shares Issuance to exchange Provident outstanding shares		$ 1,726
Shares Issuance to exchange Provident outstanding shares (in shares) | shares		17,264
Ending balance (in shares) | shares		101,475
Ending balance		$ 10,147
Perfect Class B Ordinary Shares
Movements in shares outstanding
Conversion as part of recapitalization		$ 1,679
Conversion as part of recapitalization (in shares) | shares		16,789
Ending balance (in shares) | shares		16,789
Ending balance		$ 1,679
Ordinary shares
Movements in shares outstanding
Beginning balance (in shares) | shares		301,521	298,397	313,562
Beginning balance		$ 30,152	$ 29,840	$ 31,356
Employee stock option exercised		$ 2,663	$ 312	$ 111
Employee stock options exercised (in shares)		26,629	3,124	1,105
Shares retired				$ (1,627)
Shares retired (in shares) | shares				(16,270)
Conversion as part of recapitalization		$ (32,815)
Conversion as part of recapitalization (in shares) | shares		(328,150)
Ending balance (in shares) | shares			301,521	298,397
Ending balance			$ 30,152	$ 29,840

Details of Significant Accou_43

Details of Significant Accounts - Share capital - Repurchase of shares (Details) - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
	Dec. 11, 2020	Dec. 31, 2020
Details of Significant Accounts
Treasury shares repurchased, Shares	16,270
Treasury shares repurchased, Amount	$ 10,000	$ 10,000
Number of shares repurchased	0

Details of Significant Accou_44

Details of Significant Accounts - Share capital - Exchange of Perfect Shares for Perfect New Ordinary Shares as part of Reverse Recapitalization (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2022 shares
Share capital
Number of Shares before Share Combination	570,481
Share transfer ratio of Perfect original shares	0.17704366
Number of Shares after Share Combination	101,000
Perfect Original Shares exchanged for Perfect New Class A Ordinary Shares
Share capital
Number of Shares before Share Combination	475,653
Perfect Original Common Shares exchanged for Perfect New Class A Ordinary Shares
Share capital
Number of Shares before Share Combination	241,650
Perfect Original Preferred Shares exchanged for Perfect New Class A Ordinary Shares
Share capital
Number of Shares before Share Combination	234,003
Perfect Original Shares exchanged for Perfect New Class B Ordinary Shares
Share capital
Number of Shares before Share Combination	94,828
Perfect Original Common Shares exchanged for Perfect New Class B Ordinary Shares
Share capital
Number of Shares before Share Combination	86,500
Perfect Original Preferred Shares exchanged for Perfect New Class B Ordinary Shares
Share capital
Number of Shares before Share Combination	8,328
Perfect Class A Ordinary Shares
Share capital
Share transfer ratio of Perfect original shares	0.17704366
Number of Shares after Share Combination	84,211
Perfect Class A Ordinary Shares issued in exchange for Perfect Original Common Shares
Share capital
Number of Shares after Share Combination	42,782
Perfect Class A Ordinary Shares issued in exchange for Perfect Original Preferred Shares
Share capital
Number of Shares after Share Combination	41,429
Perfect Class B Ordinary Shares
Share capital
Share transfer ratio of Perfect original shares	0.17704366
Number of Shares after Share Combination	16,789
Perfect Class B Ordinary Shares issued in exchange for Perfect Original Common Shares
Share capital
Number of Shares after Share Combination	15,314
Perfect Class B Ordinary Shares issued in exchange for Perfect Original Preferred Shares
Share capital
Number of Shares after Share Combination	1,475

Details of Significant Accou_45

Details of Significant Accounts - Share capital - Reconciliation of additional paid-in capital due to the conversions of the Perfect Shares and the Perfect Class A and Class B Ordinary Shares (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Share capital
Increase (decrease) through conversions of the Perfect Shares and the Perfect Class A and Class B Ordinary Shares	$ 423,502
Additional Paid-in Capital
Share capital
Par value of the Perfect Common Shares	32,815
Fair value of the Perfect Preferred Shares on the Closing Date	358,238
Par value of the Class A and Class B Ordinary Shares	(10,100)
Subtotal	380,953
Listing expense	65,264
Increase (decrease) through conversions of the Perfect Shares and the Perfect Class A and Class B Ordinary Shares	$ 446,217

Details of Significant Accou_46

Details of Significant Accounts - Share capital - Exchange of Provident Shares for Perfect New Ordinary Shares as part of Reverse Recapitalization (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) advisor director $ / shares shares	Dec. 31, 2021 $ / shares	Dec. 31, 2020 $ / shares
Share capital
Ordinary Shares, (in dollars) par value per share | $ / shares	$ 0.1		$ 0.1
Number of warrants issued and sold	20,850
Proceed received upon recapitalization | $	$ 112,893
Perfect Class A Ordinary Shares
Share capital
Ordinary Shares, (in dollars) par value per share | $ / shares	$ 0.1	$ 0.1
Number of directors to whom shares were issued | director	3
Number of advisors to whom shares were issued | advisor	2
Perfect Class A Ordinary Shares | Former holders of Provident Class A Ordinary Shares and Provident Class B Ordinary Shares
Share capital
Number of shares issued	17,264
Ordinary Shares, (in dollars) par value per share | $ / shares	$ 0.1
Perfect Class A Ordinary Shares | Public Shareholders who did not exercise their right to redeem any Provident Class A Ordinary Shares before the Closing
Share capital
Number of shares issued	1,349
Perfect Class A Ordinary Shares | Sponsor and three directors and two advisors of Provident
Share capital
Number of shares issued	5,415
Perfect Class A Ordinary Shares | FPA investors
Share capital
Number of shares issued	5,500
Perfect Class A Ordinary Shares | PIPE investors
Share capital
Number of shares issued	5,000
Perfect Class B Ordinary Shares
Share capital
Ordinary Shares, (in dollars) par value per share | $ / shares	$ 0.1	$ 0.1

Details of Significant Accou_47

Details of Significant Accounts - Share capital - Reconciliation of the additional paid-in capital due to issuance of the Company's Ordinary Shares (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Share capital
Proceed received upon recapitalization	$ 112,893
Issuance of ordinary shares	103,963
Additional Paid-in Capital
Share capital
Proceed received upon recapitalization	112,893
Par value of the Class A Ordinary Shares	(1,726)
Fair value of the warrants at the Closing Date	(8,430)
Transactional cost (presented as accrued expense of Provident at Closing)	(500)
Issuance of ordinary shares	$ 102,237

Details of Significant Accou_48

Details of Significant Accounts - Share Capital - Capital Surplus (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Additional Paid-in Capital	$ 554,209	$ 308
Other
Employees' stock option cost	2,162	2,563
Directors' share-based compensation	58
Subtotal	2,220	2,563
Capital surplus	$ 556,429	$ 2,871

Details of Significant Accou_49

Details of Significant Accounts - Share Capital - Movement in Additional paid-in capital (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share capital
Beginning balance	$ (190,442)	$ (35,743)	$ (21,195)
Issuance of the Perfect Class A Ordinary Shares	103,963
Employee stock options exercised	5,592	330	111
Conversion as part of recapitalization	423,502
Ending balance	181,964	(190,442)	(35,743)
Additional Paid-in Capital
Share capital
Beginning balance	308	125	109
Issuance of the Perfect Class A Ordinary Shares	102,237
Conversion of Perfect common shares as part of the Recapitalization	380,953
Adjustment to the equity - listing expense	65,264
Employee stock options exercised	5,447	183	30
Conversion as part of recapitalization	446,217
Ending balance	$ 554,209	$ 308	$ 125

Details of Significant Accou_50

Details of Significant Accounts - Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Revenue from contracts with customers	$ 47,300	$ 40,760	$ 29,873

Details of Significant Accou_51

Details of Significant Accounts - Revenue - Disaggregation of revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue
Revenue from contracts with customers	$ 47,300	$ 40,760	$ 29,873
At a point in time
Revenue
Revenue from contracts with customers	8,566	8,892	10,729
Over time
Revenue
Revenue from contracts with customers	38,734	31,868	19,144
United States
Revenue
Revenue from contracts with customers	24,291	20,173	14,965
United States | At a point in time
Revenue
Revenue from contracts with customers	5,126	5,114	5,711
United States | Over time
Revenue
Revenue from contracts with customers	19,165	15,059	9,254
Japan
Revenue
Revenue from contracts with customers	4,717	4,520	3,236
Japan | At a point in time
Revenue
Revenue from contracts with customers	871	676	961
Japan | Over time
Revenue
Revenue from contracts with customers	3,846	3,844	2,275
France
Revenue
Revenue from contracts with customers	3,431	3,206	3,219
France | At a point in time
Revenue
Revenue from contracts with customers	590	771	1,102
France | Over time
Revenue
Revenue from contracts with customers	2,841	2,435	2,117
Others
Revenue
Revenue from contracts with customers	14,861	12,861	8,453
Others | At a point in time
Revenue
Revenue from contracts with customers	1,979	2,331	2,955
Others | Over time
Revenue
Revenue from contracts with customers	$ 12,882	$ 10,530	$ 5,498

Details of Significant Accou_52

Details of Significant Accounts - Revenue - Disaggregation of revenue, Alternatively (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
AR/AI cloud solutions and Subscription	$ 36,915	$ 29,470	$ 17,402
Licensing	8,432	8,857	10,679
Advertisement	1,819	2,398	1,742
Others	134	35	50
Revenue from contracts with customers	47,300	40,760	29,873
AR/AI cloud solutions	$ 20,685	$ 17,834	$ 11,600

Details of Significant Accou_53

Details of Significant Accounts - Revenue - Contract liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Contract assets:
Unbilled revenue	$ 3,660
Contract liabilities:
Advance sales receipts	13,024	$ 9,021
Revenue recognized that was included in the contract liability balance at the beginning of the period : Advance sales receipts	$ 8,831	$ 4,782	$ 2,518

Details of Significant Accou_54

Details of Significant Accounts - Revenue - Unsatisfied contracts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue
Amount of transaction price allocated to contracts	$ 23,653	$ 25,825
Transaction price expected to be recognized as revenue	$ (8,831)	$ (4,782)	$ (2,518)
2023
Revenue
Percentage of transaction price allocated to the unsatisfied contracts	90%
2024 to 2027
Revenue
Percentage of transaction price allocated to the unsatisfied contracts	10%

Details of Significant Accou_55

Details of Significant Accounts - Interest income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Interest income from bank deposits	$ 1,977	$ 131	$ 126
Interest income from financial assets at amortised cost	52		117
Interest income	$ 2,029	$ 131	$ 243

Details of Significant Accou_56

Details of Significant Accounts - Other income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Subsidy from government	$ 1	$ 21	$ 178
Others	74	97	13
Other income	$ 75	$ 118	$ 191

Details of Significant Accou_57

Details of Significant Accounts - Other gains and losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Foreign exchange (losses) gains	$ 1,303	$ (893)	$ (770)
Losses on financial liabilities at fair value through profit or loss	(93,777)	(150,745)	(2,022)
Other gains and losses	$ (92,474)	$ (151,638)	$ (2,792)

Details of Significant Accou_58

Details of Significant Accounts - Finance costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Interest expense - lease liabilities	$ 8	$ 9	$ 9

Details of Significant Accou_59

Details of Significant Accounts - Costs and expenses by nature (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Cost of goods sold	$ 39	$ 2	$ 11
Employee benefit expenses	27,300	23,472	18,039
Promotional fees	7,517	10,841	6,511
Service providing expenses	5,518	4,286	2,548
Professional service fees	8,537	3,753	2,482
Warranty cost	897	734	780
Depreciation of right-of-use assets	456	389	306
Depreciation of property, plant and equipment	247	209	150
Insurance expenses	459	82	63
Amortisation on intangible assets	63	47	36
Listing expense	65,264
Others	2,077	1,982	1,788
Total operating costs and operating expenses	$ 118,374	$ 45,797	$ 32,714

Details of Significant Accou_60

Details of Significant Accounts - Employee benefit expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Wages and salaries	$ 22,083	$ 19,328	$ 15,698
Remuneration to directors and supervisors	112
Employee insurance fees	1,376	1,218	1,105
Pension costs	676	613	480
Employee stock options	2,117	1,782	336
Other personnel expenses	936	531	420
Employee benefit expenses	$ 27,300	$ 23,472	$ 18,039

Details of Significant Accou_61

Details of Significant Accounts - Income tax, income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current income tax:
Current tax expense recognized for the current period	$ 390	$ 300	$ 371
Prior year income tax under (over) estimation	3	9	(50)
Total current tax	393	309	321
Deferred income tax:
Origination and reversal of temporary differences	(101)	(47)	(86)
Taxable losses		155	150
Total deferred income tax	(101)	108	64
Income tax expense	$ 292	$ 417	$ 385

Details of Significant Accou_62

Details of Significant Accounts - Income tax, reconciliation between income tax expense and accounting loss (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax calculated based on profit (loss) before tax and statutory tax rate (Note 1)	$ (368,000)	$ (1,132,000)	$ (418,000)
Effects from items disallowed by tax regulation	46,000	32,000	208,000
Effects from non-deductible offshore income tax	147,000	110,000	193,000
Tax exempt income by tax regulation			(14,000)
Temporary difference not recognized as deferred income tax assets	141,000	497,000	150,000
Prior year income tax under (over) estimation	3,000	9,000	(50,000)
Taxable loss not recognized as deferred income tax assets	638,000	893,000	173,000
Change in assessment of realisation of deferred income tax assets	(301,000)		(136,000)
Effects from other states apart from where United States subsidiary registered	8,000	7,000	31,000
Effect from Japan provisional tax offsetting income tax			(5,000)
Others	(22,000)	1,000	253,000
Income tax expense	292,000	$ 417,000	$ 385,000
CAYMAN ISLANDS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax calculated based on profit (loss) before tax and statutory tax rate (Note 1)	$ 0

Details of Significant Accou_63

Details of Significant Accounts - Income tax, Schedule of statutory tax rates for significant jurisdictions (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
United States
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Statutory tax rate	21%	21%	21%
State, Statutory tax rate	8.84%	8.84%	8.84%
Japan
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Statutory tax rate	35.73%	34.45%	37.47%
Taiwan
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Statutory tax rate	20%	20%	20%

Details of Significant Accou_64

Details of Significant Accounts - Income tax, deferred income tax assets or liabilities as a result of temporary differences and tax losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	$ 165	$ 299
Deferred income tax assets, recognized in profit or loss	101	(108)
Deferred income tax assets, net exchange differences	(22)	(26)
Deferred income tax assets, balance at the end	244	165
Deferred income tax assets, balance at the end	244	165
Unrealised expenses
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	158	110
Deferred income tax assets, recognized in profit or loss	91	63
Deferred income tax assets, net exchange differences	(21)	(15)
Deferred income tax assets, balance at the end		158
Deferred income tax assets, balance at the end	228	158
Unrealised exchange losses
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	(2)	14
Deferred income tax assets, recognized in profit or loss	2	(15)
Deferred income tax assets, net exchange differences		(1)
Deferred income tax assets, balance at the end		(2)
Deferred income tax assets, balance at the end		(2)
Other
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	9	10
Deferred income tax assets, recognized in profit or loss	8	(1)
Deferred income tax assets, net exchange differences	(1)
Deferred income tax assets, balance at the end		9
Deferred income tax assets, balance at the end	$ 16	9
Taxable losses
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning		165
Deferred income tax assets, recognized in profit or loss		(155)
Deferred income tax assets, net exchange differences		$ (10)

Details of Significant Accou_65

Details of Significant Accounts - Income tax, expiration dates of unused taxable losses and amounts of unrecognized deferred income tax assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	$ 32,883	$ 33,736
Unused amount	29,850	28,831
Unrecognized deferred income tax assets	29,850	28,831
2015
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	5,416	7,164
Unused amount	3,208	4,931
Unrecognized deferred income tax assets	3,208	4,931
2016
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	6,153	7,794
Unused amount	5,328	5,328
Unrecognized deferred income tax assets	5,328	5,328
2017
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	5,099	5,572
Unused amount	5,099	5,522
Unrecognized deferred income tax assets	5,099	5,522
2018
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	7,522	7,678
Unused amount	7,522	7,522
Unrecognized deferred income tax assets	7,522	7,522
2019
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	918	918
Unused amount	918	918
Unrecognized deferred income tax assets	918	918
2020
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	903	1,024
Unused amount	903	1,024
Unrecognized deferred income tax assets	903	1,024
2021
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	3,594	3,586
Unused amount	3,594	3,586
Unrecognized deferred income tax assets	3,594	$ 3,586
2022
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount filed/ assessed	3,278
Unused amount	3,278
Unrecognized deferred income tax assets	$ 3,278

Details of Significant Accou_66

Details of Significant Accounts - Income tax, deductible temporary difference that are not recognized as deferred income tax assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Deductible temporary differences	$ 614	$ 2,400

Details of Significant Accou_67

Details of Significant Accounts - (Loss) earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Basic loss per share, loss attributable to ordinary shareholders of the parent, amount after tax	$ (161,744)	$ (156,852)	$ (5,593)
Basic loss per share, loss attributable to ordinary shareholders of the parent, weighted average number of ordinary shares outstanding	68,337	52,965	55,433
Basic loss per share - Loss attributable to ordinary shareholders of the parent, loss per share	$ (2.37)	$ (2.96)	$ (0.10)
Dilutive loss per share - Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares, amount after tax	$ (161,744)	$ (156,852)	$ (5,593)
Dilutive loss per share - Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares, weighted average number of ordinary shares outstanding	68,337	52,965	55,433
Dilutive loss per share - Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares, loss per share	$ (2.37)	$ (2.96)	$ (0.10)
Potential shares outstanding to be issued, which were not included in the calculation of diluted earnings per share as their inclusion would have been anti-dilutive	35,800

Details of Significant Accou_68

Details of Significant Accounts - Changes in liabilities from financing activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in liabilities from financing activities
Balance at the beginning	$ 259,868	$ 108,767	$ 56,831
Changes in cash flow from financing activities	(457)	(393)	49,695
Net exchange differences	(56)	13	18
Warrants assumed in connection with the Recapitalization	8,431
Exchange of preferred shares	(358,238)
Change in fair value through profit and loss	93,777	150,745	2,022
Change in fair value through other comprehensive income	7	58
Changes in other non-cash items - additions	213	678	201
Balance at the end	3,545	259,868	108,767
Financial liabilities at fair value through profit or loss
Changes in liabilities from financing activities
Balance at the beginning	259,230	108,427	56,405
Changes in cash flow from financing activities			50,000
Warrants assumed in connection with the Recapitalization	8,431
Exchange of preferred shares	(358,238)
Change in fair value through profit and loss	93,777	150,745	2,022
Change in fair value through other comprehensive income	7	58
Balance at the end	3,207	259,230	108,427
Lease liabilities
Changes in liabilities from financing activities
Balance at the beginning	638	340	426
Changes in cash flow from financing activities	(457)	(393)	(305)
Net exchange differences	(56)	13	18
Changes in other non-cash items - additions	213	678	201
Balance at the end	$ 338	$ 638	$ 340

Details of Significant Accou_69

Details of Significant Accounts - Reverse Recapitalization (Details) - USD ($)			12 Months Ended
	Oct. 28, 2022	Oct. 27, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reverse Recapitalization
Goodwill and other intangible asset recognized			$ 0
Net assets of Provident at Closing, excluding the impact of PIPE and FPA investors			63,000
Cash and cash equivalents			7,893,000
Accrued expenses			(500,000)
Warrant liabilities			(7,330,000)
Total value of Perfect shares issued to Provident shareholders, excluding PIPE and FPA Investor			(56,478,000)
Adjustment to listing expense as result of Sponsor Earnout			(8,849,000)
Listing expense			(65,264,000)
Non-current liabilities			$ 3,207,000	$ 259,230,000
Number of warrants issued			20,850,000
Professional service fees			$ 8,537,000	3,753,000	$ 2,482,000
Professional service expenditures			5,888,000	1,594,000
Listing Expense Recognized In Profit Or Loss			71,152,000	$ 1,594,000
Warrant liabilities
Reverse Recapitalization
Non-current liabilities			8,431,000
Forward Purchase Agreements
Reverse Recapitalization
Warrant liabilities			$ 7,330,000
Number of shares issued	6,764,000	5,500,000	5,500
Number of warrants issued			2,750
Aggregate Purchase Price		$ 55,000,000	$ 55,000,000
Share price per share	$ 8.35
Forward Purchase Agreements | Warrant liabilities
Reverse Recapitalization
Non-current liabilities			$ 8,431
Subscription Agreements
Reverse Recapitalization
Number of shares issued			5,000
Aggregate Purchase Price			$ 50,000,000
Share price per share			$ 10

Related Party Transactions - Si

Related Party Transactions - Significant related party transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions
Other payables	$ 63	$ 73
Service fees	5,518	4,286	$ 2,548
Acquisition of right-of-use assets	323	620	319
Outstanding balance:
Less: current portion (shown as 'current lease liabilities')	(251)	(449)
Net lease liabilities	338	638
Interest expense - lease liabilities	8	9	9
Cyber Link
Related Party Transactions
Service revenue	28	35	27
Other payables	38	44
Operating expenses	80	128	157
Acquisition of right-of-use assets		530
Outstanding balance:
Total lease liabilities	145	429
Less: current portion (shown as 'current lease liabilities')	(145)	(268)
Net lease liabilities		161
Interest expense - lease liabilities	$ 5	4	4
Cyber Link | Minimum
Related Party Transactions
Lease rental contractual period	1 year
Cyber Link-Japan
Related Party Transactions
Other payables	$ 25	29
Rent expense	$ 90	$ 99	$ 91
Cyber Link-Japan | Maximum
Related Party Transactions
Lease rental contractual period	2 years

Related Party Transactions - Ke

Related Party Transactions - Key management compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Key management compensation
Salaries and other short-term employee benefits	$ 2,330	$ 1,711	$ 1,691
Share-based payment	416	314	83
Post-employment benefits	11	12	11
Total key management compensation	$ 2,757	$ 2,037	$ 1,785

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Key management compensation
Percentage of ownership interest held	30%
Unpaid portion	$ 112

Others - Capital management (De

Others - Capital management (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Others
Total liabilities	$ 28,309	$ 279,346
Total equity	$ 181,964	$ (190,442)	$ (35,743)	$ (21,195)
Gearing ratio	0.16	(1.47)

Others - Financial instruments

Others - Financial instruments (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Financial instruments
Financial assets	$ 200,811,000	$ 87,162,000
Financial liabilities	9,396,000	8,807,000
Total lease liabilities	338,000	638,000
Financial liabilities at fair value through profit or loss
Financial instruments
Financial liabilities	3,207	259,230
Financial liabilities designated as at fair value through profit or loss | Financial liabilities at fair value through profit or loss
Financial instruments
Financial liabilities		259,230,000
Other payables (including related parties) | Financial liabilities at amortised cost
Financial instruments
Financial liabilities	9,371,000	8,779,000
Guarantee deposits received | Financial liabilities at amortised cost
Financial instruments
Financial liabilities	25,000	28,000
Warrant liabilities | Financial liabilities at fair value through profit or loss
Financial instruments
Financial liabilities	3,207
Cash and cash equivalents | Financial assets at amortised cost
Financial instruments
Financial assets	162,616,000	80,453,000
Current financial assets at amortized cost | Financial assets at amortised cost
Financial instruments
Financial assets	30,000,000
Accounts receivable | Financial assets at amortised cost
Financial instruments
Financial assets	7,756,000	6,568,000
Other receivables (including related parties) | Financial assets at amortised cost
Financial instruments
Financial assets	314,000	6,000
Guarantee deposits paid | Financial assets at amortised cost
Financial instruments
Financial assets	$ 125,000	$ 135,000

Others - Foreign exchange risk

Others - Foreign exchange risk (Details) € in Thousands, ¥ in Thousands, ¥ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 TWD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 JPY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 TWD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2021 JPY (¥)	Dec. 31, 2021 CNY (¥)
Financial instruments
Currency Amount, Assets	$ 200,811	$ 87,162
Currency Amount, Liabilities	9,396	8,807
Foreign exchange (losses) gains	1,303	(893)	$ (770)
Foreign exchange risk | USD:NTD
Financial instruments
Currency Amount, Assets	$ 22,660	$ 13,774		$ 695,889				$ 381,264
Exchange rate	30.71	27.68		30.71	30.71	30.71	30.71	27.68	27.68	27.68	27.68
Degree of Variation, Assets	1%	1%
Effect on profit or loss, Assets	$ 227	$ 138
Foreign exchange risk | EUR:NTD
Financial instruments
Currency Amount, Assets	$ 888	$ 2,136		$ 27,256	€ 833			$ 59,132	€ 1,888
Exchange rate	32.72	31.32		32.72	32.72	32.72	32.72	31.32	31.32	31.32	31.32
Degree of Variation, Assets	1%	1%
Effect on profit or loss, Assets	$ 9	$ 21
Foreign exchange risk | JPY:NTD
Financial instruments
Currency Amount, Assets	$ 3,271	$ 2,421		$ 100,454		¥ 436,755		$ 67,020		¥ 279,248
Exchange rate	0.23	0.24		0.23	0.23	0.23	0.23	0.24	0.24	0.24	0.24
Degree of Variation, Assets	1%	1%
Effect on profit or loss, Assets	$ 33	$ 24
Foreign exchange risk | USD:JPY
Financial instruments
Currency Amount, Liabilities	$ 221	$ 248				¥ 29,203				¥ 28,542
Exchange rate	132.14	115.09		132.14	132.14	132.14	132.14	115.09	115.09	115.09	115.09
Degree of Variation, Liabilities	1%	1%
Effect on profit or loss, Liabilities	$ 2	$ 2
Foreign exchange risk | USD:RMB
Financial instruments
Currency Amount, Liabilities	$ 65	$ 79					¥ 453				¥ 503
Exchange rate	6.97	6.37		6.97	6.97	6.97	6.97	6.37	6.37	6.37	6.37
Degree of Variation, Liabilities	1%	1%
Effect on profit or loss, Liabilities	$ 1	$ 1

Others - Credit and liquidity r

Others - Credit and liquidity risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Less than 1 year | Other payables (including related parties)
Financial instruments
Non-derivative financial liabilities	$ 9,371	$ 8,779
Less than 1 year | Lease liabilities
Financial instruments
Non-derivative financial liabilities	255	456
Between 2-5 years | Financial liabilities designated as at fair value through profit or loss
Financial instruments
Non-derivative financial liabilities	3,207	259,230
Between 2-5 years | Lease liabilities
Financial instruments
Non-derivative financial liabilities	89	190
Between 2-5 years | Guarantee deposits received
Financial instruments
Non-derivative financial liabilities	25	28
Liquidity risk
Financial instruments
Money market position	$ 191,077	$ 78,391

Others - Fair value information

Others - Fair value information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair value information
Financial liabilities	$ 9,396,000	$ 8,807,000
Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	3,207	259,230
Convertible preference shares | Recurring fair value | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities		259,230,000
Convertible preference shares | Recurring fair value | Level 3 | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities		$ 259,230,000
Warrant liabilities | Recurring fair value | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	3,207,000
Warrant liabilities | Recurring fair value | Level 1 | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	1,769,000
Warrant liabilities | Recurring fair value | Level 2 | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	$ 1,438,000

Others - Movement of level 3 (D

Others - Movement of level 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Significant unobservable inputs
Beginning balance	$ 279,346
Ending balance	28,309	$ 279,346
Level 3
Significant unobservable inputs
Transfers into level 3	0	0
Transfers out of level 3	0	0
Convertible preferred shares
Significant unobservable inputs
Beginning balance	259,230	108,427
Gains and losses recognized in profit or loss recorded as non-operating income and expenses	99,001	150,745
Recorded as credit risk changes in financial instrument through other comprehensive income	7	58
Transfers to Level 2	$ (358,238)
Ending balance		$ 259,230

Others - Movement of Level 3 -

Others - Movement of Level 3 - Sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 (Details) - Convertible preferred shares - Level 3 $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021 USD ($)
Exit multiple measurement input
Significant unobservable inputs
Exit multiple		6.93
Market approach
Significant unobservable inputs
Percentage of usage	50%
Percentage of deviation	30%
Market approach | Discount for lack of marketability
Significant unobservable inputs
Financial Liabilities		259,230
Percentage of WACC		10%
Income approach | Weighted average cost of capital
Significant unobservable inputs
Percentage of usage	50%
Percentage of deviation	30%
Percentage of WACC		13.73%

Others - Movement of Level 3 _2

Others - Movement of Level 3 - Effect of profit or loss from financial liabilities categorised within Level 3 (Details) - Convertible preference shares. - Level 3 $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Discount for lack of marketability
Effect of profit or loss from financial liabilities categorize within Level 3
Change, Positive effect	1%
Change, Negative effect	1%
Favourable change recognized in profit or loss	$ 2,738
Unfavourable change recognized in profit or loss	$ (2,763)
Weighted average cost of capital
Effect of profit or loss from financial liabilities categorize within Level 3
Change, Positive effect	1%
Change, Negative effect	1%
Favourable change recognized in profit or loss	$ 4,556
Unfavourable change recognized in profit or loss	$ (4,386)
Exit Multiple, Measurement Input
Effect of profit or loss from financial liabilities categorize within Level 3
Change, Positive effect	1%
Change, Negative effect	1%
Favourable change recognized in profit or loss	$ 1,212
Unfavourable change recognized in profit or loss	$ (1,212)

Segment Information (Details)

Segment Information (Details)	12 Months Ended
	Dec. 31, 2022 segment
Segment Information
Number of reportable operating segments	1

Segment Information - Geographi

Segment Information - Geographic information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Geographic information
Revenue	$ 47,300	$ 40,760	$ 29,873
Non-current assets	731	1,127
United States
Geographic information
Revenue	24,291	20,173	14,965
Japan
Geographic information
Revenue	4,717	4,520	3,236
France
Geographic information
Revenue	3,431	3,206	3,219
Others
Geographic information
Revenue	$ 14,861	$ 12,861	$ 8,453

Segment Information - Major cus

Segment Information - Major customer information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major customer information
Revenue	$ 47,300	$ 40,760	$ 29,873
Client A
Major customer information
Revenue	$ 5,195	$ 5,869	$ 5,708