| For the Year Ended December 31, | ||||||||||||||||
| Percentage | ||||||||||||||||
| 2023 | 2022 | Change | Change | |||||||||||||
| (US$) | (US$) | (US$) | (%) | |||||||||||||
| Revenue | 6,164,173 | 4,992,034 | 1,172,139 | 23.5 | % | |||||||||||
| Other income | 169,819 | 396,373 | (226,554) | -57.2 | % | |||||||||||
| Cost of inventory | 977,619 | 1,093,194 | (115,575) | -10.6 | % | |||||||||||
| Logistics costs | 925,225 | 689,762 | 235,463 | 34.1 | % | |||||||||||
| Operating expenses | 3,466,606 | 2,460,951 | 1,005,655 | 40.9 | % | |||||||||||
| Finance expense | 388,717 | 246,359 | 142,358 | 57.8 | % | |||||||||||
| Depreciation and amortization | 2,354,839 | 2,300,252 | 54,587 | 2.4 | % | |||||||||||
| Listing expenses | 93,067,324 | 981,701 | 92,085,623 | >100 | % | |||||||||||
| Loss before income tax | (94,846,338) | (2,383,812) | (92,462,526) | >100 | % | |||||||||||
| Income tax expense | 133,000 | 8,000 | 125,000 | >100 | % | |||||||||||
| Net loss | (94,979,338) | (2,391,812) | (92,587,526) | >100 | % | |||||||||||
| For the Year Ended December 31, | ||||||||||||||||
| Percentage | ||||||||||||||||
| 2023 | 2022 | Change | change % | |||||||||||||
| US$ | US$ | US$ | % | |||||||||||||
| Interest expenses: | ||||||||||||||||
| - Lease liabilities | 55,934 | 28,559 | 27,375 | 95.9 | % | |||||||||||
| - Borrowings | 284,112 | 217,800 | 66,312 | 30.4 | % | |||||||||||
| - Loans from Directors | 48,671 | - | 48,671 | nm | ||||||||||||
| 388,717 | 246,359 | 142,358 | 57.8 | % | ||||||||||||
| Year Ended December 31, | ||||||||
| Services | 2022 | 2023 | ||||||
| US$ | US$ | |||||||
| Audit Fees(1) | 262,000 | 98,000 | ||||||
| 2023 | 2022 | |||||||||
| Note | US$ | US$ | ||||||||
| Revenue | 4 | 6,164,173 | 4,992,034 | |||||||
| Other income | 5 | 169,819 | 396,373 | |||||||
| Cost of inventory | (977,619) | (1,093,194) | ||||||||
| Logistics costs | (925,225) | (689,762) | ||||||||
| Depreciation of property, plant and equipment | (1,501,809) | (1,661,403) | ||||||||
| Amortization of intangible assets | (853,030) | (638,849) | ||||||||
| Employee benefits expense | 7 | (1,364,214) | (933,124) | |||||||
| Finance expense | 8 | (388,717) | (246,359) | |||||||
| Other operating expenses | 6 | (2,102,392) | (1,527,827) | |||||||
| Listing expenses | 25 | (93,067,324) | (981,701) | |||||||
| Loss before income tax | (94,846,338) | (2,383,812) | ||||||||
| Income tax expense | 9 | (133,000) | (8,000) | |||||||
| Net loss and comprehensive loss | (94,979,338) | (2,391,812) | ||||||||
| Items that will not be reclassified subsequently to profit or loss: | ||||||||||
| Net (loss)/surplus on revaluation of leasehold land and buildings | (186,684) | 8,016,869 | ||||||||
| Items that may be reclassified subsequently to profit or loss: | ||||||||||
| Exchange difference on revaluation of leasehold land and buildings | 337,283 | 52,737 | ||||||||
| Total comprehensive (loss)/income | (94,828,739) | 5,677,794 | ||||||||
| Basic and diluted loss per share | (14.69) | (0.37) | ||||||||
| 2023 | 2022 | |||||||
| US$ | US$ | |||||||
| Revenue from: | ||||||||
| - Sales of circular products | 2,305,646 | 2,746,097 | ||||||
| - Waste disposal services | 3,858,527 | 2,245,937 | ||||||
| Revenue | 6,164,173 | 4,992,034 | ||||||
