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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 5,393,848 $ 1,554,464
Accounts receivable 10,112,638 2,568,183
Inventories 769,584 1,127,133
Prepaid expenses and other assets 6,032,074 1,337,419
Note receivable 3,075,000
Total current assets 25,394,951 6,591,318
Leasehold improvements and equipment, net 896,539 423,633
Right of use assets – operating lease 2,690,521 42,712
Intangible assets 1,251,180 932,999
Total Assets 30,233,191 7,990,662
Current Liabilities    
Accounts payable 11,058,508 5,464,617
Deferred revenue 1,859,990 1,007,494
Other current liabilities 6,110,738 1,728,792
Loans payable – current 512,435 1,611,069
Convertible notes payable 1,901,600 412,400
Operating lease liability – current 708,953 32,347
Total Current Liabilities 22,178,153 10,282,055
Loans payable – non-current 204,758 473,758
Operating lease liability – non-current 2,194,553 10,598
Total Liabilities 24,577,464 10,766,411
Commitments and contingencies
Shareholders’ Equity (Deficit)    
Ordinary stock (260,000,000,000 shares authorized, $0.000000385 par value, 52,381,600 shares and 48,011,600* shares issued and outstanding as of December 31, 2023 and 2022, respectively) 20 18
Additional paid-in capital 29,287,795 15,678,812
Accumulated deficit (23,484,274) (18,337,830)
Accumulated other comprehensive loss (93,154) (75,641)
Total Shareholders’ Equity (Deficit) to shareholders of Webuy Global Ltd 5,710,387 (2,734,641)
Deficit attributable to non-controlling interests (54,660) (41,108)
Total Shareholders’ Equity (Deficit) 5,655,727 (2,775,749)
Total Liabilities and Shareholders’ Equity 30,233,191 7,990,662
Related Party    
Current assets    
Amount due from related parties 11,807 4,119
Current Liabilities    
Amount due to a related party $ 25,929 $ 25,336