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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 4,148,279 $ 5,393,848
Accounts receivable 4,177,678 10,112,638
Inventories 154,092 769,584
Prepaid expenses and other assets 6,833,557 6,032,074
Note receivable 4,015,847 3,075,000
Total current assets 19,367,009 25,394,951
Leasehold improvements and equipment, net 730,647 896,539
Right of use assets – operating lease 1,940,115 2,690,521
Intangible assets 1,109,807 1,251,180
Total Assets 23,147,578 30,233,191
Current Liabilities    
Accounts payable 6,102,417 11,058,508
Deferred revenue 2,352,565 1,859,990
Other current liabilities 3,669,123 6,110,738
Loans payable – current 264,177 512,435
Convertible notes payable 1,525,220 1,901,600
Operating lease liability – current 684,143 708,953
Total Current Liabilities 14,622,487 22,178,153
Loans payable – non-current 133,303 204,758
Operating lease liability – non-current 1,499,386 2,194,553
Total Liabilities 16,255,176 24,577,464
Commitments and contingencies
Shareholders’ Equity    
Ordinary stock (260,000,000,000 shares authorized, $0.000000385 par value, 91,092,257 shares and 52,381,600* shares issued and outstanding as of December 31, 2024 and 2023, respectively) 35 20
Additional paid-in capital 36,953,448 29,287,795
Accumulated deficit (30,100,945) (23,484,274)
Accumulated other comprehensive loss 271,452 (93,154)
Total Shareholders’ Equity to shareholders of Webuy Global Ltd 7,123,990 5,710,387
Deficit attributable to non-controlling interests (231,588) (54,660)
Total Shareholders’ Equity 6,892,402 5,655,727
Total Liabilities and Shareholders’ Equity 23,147,578 30,233,191
Related Party    
Current assets    
Amount due from related parties 37,556 11,807
Current Liabilities    
Amount due to a related party $ 24,842 $ 25,929