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Bank loan (Tables)
12 Months Ended
Dec. 31, 2023
Borrowings [abstract]  
Schedule of Movement of Bank Loan

The following outlines the movement of the bank loan from September 30, 2021 to December 31, 2023:

 

 

($)

Balance at September 30, 2021

 

Draw-down

 

10,000

Less: transaction costs and fees

 

(597)

Gain on loan modification

 

(316)

Interest expense

 

617

Interest paid

 

(342)

Balance at September 30, 2022

 

9,362

Interest expense

 

279

Interest paid

 

(193)

Balance at December 31, 2022

 

9,448

Additional draw-down

 

17,787

Repayment

 

(17,500)

Less: transaction costs and fees

 

(418)

Modification adjustment

 

249

Interest expense

 

1,584

Interest paid

 

(1,119)

Balance at December 31, 2023

 

10,031