Equipment, net

12 Months Ended

Dec. 31, 2023

Seamless Group Inc [Member]

Equipment, net

7 Equipment, net

Equipment, net as of December 31, 2023 and 2022 consisted of the following:

	December 31,
	2023			2022
	US$			US$
Office equipment		489,396			433,479
Furniture and fittings		303,331			298,076
Renovation		1,741,702			1,739,807
Signboard		2,195			2,195
Computer peripherals		3,301,853			3,074,341
Electrical installation		46,492			45,502
Mobile phone		10,022			9,013
Motor vehicle		14,536			97,479
Air conditioners		8,367			4,809
Total		5,917,894			5,704,701
Less: accumulated depreciation		(4,901,404	)		(4,383,080	)
Equipment, net		1,016,490			1,321,621

Depreciation expenses of US$607,138 and US$701,262 were recorded in general and administrative expenses for the years ended December 31, 2023 and 2022, respectively.